Sany Heavy Industry Shares Advance in Hong Kong Trading Debut

Sany Heavy Industry Co. rose during its Hong Kong trading debut after the excavator maker became the seventh Chinese company this year to carry out billion-dollar listing in the city.

The stock climbed as much as 4.7% to HK$22.30 on Tuesday after opening flat at its listing price. Temasek Holdings Pte, Hillhouse Investment and BlackRock Inc. were among cornerstone investors that agreed to buy about $758 million of Sany Heavy’s offering, which raised HK$13.45 billion ($1.7 billion) after the size of the deal was increased.

Hong Kong’s had one of the world’s best-performing major stock indexes this year, spurring companies ...