SF Holding Gains in Debut After $749 Million Hong Kong Listing

China’s SF Holding Ltd.’s shares rose in their debut in Hong Kong on Wednesday after completing the second largest listing in the city this year.

China’s biggest express-delivery firm’s stock climbed as much as 3.5% in early trading. The HK$5.83 billion ($749 million) offering is Hong Kong’s second largest this year after appliance maker Midea Group Co.’s $4.6 billion debut.

SF’s chairman and president, Wang Wei, during the company’s listing ceremony at the Hong Kong Stock Exchange on Nov. 27.

Photographer: Lam Yik/Bloomberg

The deal came as sentiment shifted on Chinese equities following Beijing’s stimulus blitz in late September. Investor mood, however, has started souring again amid disappointment over further fiscal measures and Donald Trump’s US election win this ...