** Shares of Xiamen Jihong Co Ltd SZSE:002803 trade as high as HK$12.46 each in Hong Kong debut, up 62.2% from the offer price
** Stock last up 47.7% from the offer price of HK$7.68, outpacing a 0.3% slip in Hang Seng Index HSI:HSI
** The Chinese cross-border social e-commerce operator and paper packaging service provider sold 67.91 mln H-shares in global offering, raising HK$522 mln ($66.60 mln) for overseas market expansion, technology and brands development
** Jihong's Shenzhen-listed stock SZSE:002803 slips 2.8%
** Meanwhile, another new comer PegBio HKEX:2565 falls as much as 28% on debut from the offer price of HK$15.6, before trimming some losses to trade 19.6% lower
** The Chinese innovative therapies developer sold 19.28 mln H shares in global offering, raising HK$300 mln
($1 = 7.8378 Hong Kong dollars)