**China’s Inovance files $26 billion Hong Kong IPO**

Shenzhen Inovance Technology, a major Chinese maker of industrial robots and automation equipment, applied for an initial public offering (IPO) in Hong Kong on Tuesday. The company joins a growing number of mainland Chinese tech firms seeking funds from global investors. Founded in 2003, Inovance is a key player in China’s industrial automation sector. Its shares are already listed on the Shenzhen Stock Exchange, where they closed at 61.36 yuan on Tuesday. That gives the company a market value of nearly 175.3 billion yuan, or about US$25.6 billion. The Hong Kong listing aims to attract international capital as China pushes to modernize its manufacturing industry.