Paul Hastings, Herbert Smith Freehills and JunHe are among the firms advising on Hong Kong's largest IPO so far in 2022.

Onewo Space-Tech Service, the property management services arm of China real estate developer China Vanke Co, has launched an IPO in as it aims to raise as much as $784 million through the sale of 116.7 million primary shares, according to a stock exchange filing.