Hong Kong listings indicate a market in full swing, despite tariff tensions elsewhere.

Hong Kong's stock markets are still active despite the trade tensions between China and the U.S.

Book building for these deals is occurring as the global financial markets are roiled due to the massive tariffs that the U.S. has imposed on China's trade. These tariffs threaten the commerce which underpins growth in the two world's largest economies. Companies are holding off on new offerings and listings due to the uncertainty.

Despite the turmoil, some Chinese firms are still going strong.

According to Monday's regulatory filings, China's Hainan Drinda New Energy Technology aims to raise $234 million through a Hong Kong listing.

According to the filings, Shenzhen listed firm is selling 64 million shares at a range of HK$20.40 - HK$28.60 (3.69 USD) each.

Hainan Drinda will raise between $167 and $234 million.

According to its filings, the tea drink company Auntea Jenny also launched an initial public offering (IPO) in Hong Kong, aiming to raise as much as $35 million.

According to the company's filings, it will sell 2,41 million shares at a range of HK$95.57 - HK$113.12 per share.

Hong Kong's Hang Seng Index is down 5% in April but up 9% on the year.

(source: Reuters)