HONG KONG, Nov. 23 – Mainland China’s Minsheng bank had its Hong Kong H share public offering oversubscribed 150 times as it finally made its debut last week.

The bank raised HKD30 billion after pricing shares at HKD9.08 each. The bank is also listed in Shanghai, where its A shares reacted by rising 0.1 percent on the day, against a climb in the year to date of 108.6 percent, outperforming the Shanghai Composite index performance by 25 percent overall. The new Hong Kong-listed stock is due to commence trading later this week.

In other Hong Kong IPO’s of mainland listed companies, Chongqing’s Longfor Group, a real estate developer, raised HKD6.7 billion and saw its initial trade rise 13.3 percent, while Tontine Wines of Northeast Jilin Province saw raised HKD347.8 million and had their initial stock trade rise 32.8 percent during the day’s trade.

The results indicate a strong appeal to investors for stocks in China’s banks, as well as a more sophisticated knowledge development base accruing in Hong Kong and overseas towards companies in the further flung regions of China.