Thailand’s CP Group and global investment manager Fidelity are reported to be planning investments in a potential Hong Kong stock market listing by Muyuan Foods, one of China’s largest pork producers.

The discussions underscore growing international interest in the offering, which is expected to be among the most closely watched agricultural sector listings in the region.

Muyuan is said to be exploring a Hong Kong initial public offering as part of efforts to broaden its investor base and strengthen access to offshore capital.

The potential involvement of CP Group, Thailand’s largest conglomerate with extensive agribusiness operations across Asia, is seen as strategically significant given its deep experience in livestock production, food processing and regional supply chains.

Fidelity’s reported interest further highlights the appeal of the listing to long-term institutional investors seeking exposure to China’s consumer and protein sectors.

Market participants note that global asset managers have been selectively increasing allocations to high-quality Chinese companies with scale, technological capability and strong market positions, particularly those aligned with food security and consumption trends.

While details of the potential investments have not been finalised, the reported talks suggest confidence in Hong Kong as a fundraising venue despite challenging global market conditions.

Hong Kong continues to position itself as a preferred gateway for mainland Chinese companies seeking international capital, offering liquidity, regulatory familiarity and access to a broad base of global investors.

If confirmed, the participation of CP Group and Fidelity would lend considerable weight to Muyuan’s planned listing and signal continued cross-border investment momentum between Thailand, China and global financial institutions, reinforcing Hong Kong’s role as a key platform for major regional capital market transactions.