This article only represents the author's own views.
The outlook for many Chinese sectors is quite cloudy these days, dampened by weak consumer sentiment and growing resistance to Chinese exports overseas. But one area that seems immune to such troubles is the country’s microchip sector, which has become a government darling lately as China tries to wean itself from reliance on other countries’ products.
A growing number of Chinese companies from the sector are taking advantage of that favoritism to raise big sums from state-backed investors and on capital markets. Most such companies previously confined themselves to stock exchanges in Shanghai and Shenzhen, targeting domestic investors. But a growing number are looking slightly farther to Hong Kong, eying a growing field of international investors looking for a piece of the action.