Dramatic debut by duty free giant

China Tourism Group Duty Free Corp (1880) experienced a dramatic performance on its trading debut day as it closed flat after trading a quarter below the offer price when the market opened.

Shares of the world's largest travel retailer finished at HK$158 above the mid-point of a marketed range.

The stock rose as much as 0.8 percent during the session, and an initial small trade of just 100 shares was registered at HK$120 at the open.

Net proceeds from the retailer's offering came in at HK$15.89 billion following the biggest local listing so far this year.

The debut was delayed to the afternoon after Hong Kong scrapped its morning trading session due to tropical storm Ma-on.

Meanwhile, Zeekr Intelligent Technology is considering an initial public offering and has asked investment banks for proposals.

The Zhejiang Geely Holding Group-backed company is exploring listing venues including in the United States and Hong Kong and has yet to decide on size of the IPO.

The electric vehicle maker is the latest firm backed by billionaire Li Shufu that is looking to tap the growing investor appetite for the sector.

And Geely is considering a Hong Kong IPO for its ride-hailing firm Cao Cao Mobility as soon as next year.