Zhejiang China Commodities City Group Co., Ltd. (SHSE:600415) is planning an initial public offering in Hong Kong to support overseas expansion, as the wave of mainland firms looking to raise funds in the city gathers steam. The state-owned company, which runs the Yiwu international trade market in Zhejiang province, said in a filing to the Shanghai Stock Exchange on 8 April 2026 that a share sale in Hong Kong would mark a milestone for its global ambitions as it lured more overseas talent to strengthen core competence. The Hong Kong listing plan was announced after the company reported a net profit of CNY 4.2 billion for 2025, up 36.8% from a year earlier.
Revenue jumped 26.6% to CNY 19.9 billion. China Commodities City did not reveal a fundraising target or a time frame for the IPO, but noted that the deal would be subject to the approvals of shareholders and regulators.