SYDNEY - Two stock listings launching on Monday in the Hong Kong Special Administration Region and seeking to raise up to $270 million are showing that the SAR's equity markets remain active even as global trade tensions has slowed offerings elsewhere.

The book building for the deals comes as global financial markets have been roiled by the massive US tariffs. Amid the uncertainty, companies are holding back new listings and offerings.

Still, some companies on the Chinese mainland are pressing on amid the turmoil.

Hainan Drinda New Energy Technology is aiming to raise up to $234 million in an HKSAR listing, according to regulatory filings on Monday.

ALSO READ: HK bourse shines as US-listed Chinese firms may return home

The Shenzhen-listed firm is selling 64.4 million shares in a price range of HK$20.40 ($2.63) to HK$28.60 each, the filings showed.

In that range, Hainan Drinda, a photovoltaic cells developer and producer, will raise $167 million to $234 million.

Separately, tea drinks company Auntea Jenny launched its initial public offering in the HKSAR to raise up to $35 million, its filings showed.

The company will sell 2.41 million shares in the deal in a price range of HK$95.57 to HK$113.12 each, according to its filings.

READ MORE: ‘Big Four’ firms: HK IPO market to hit at least HK$100b this year

The city's benchmark Hang Seng Index has fallen 5 percent so far in April, but is up 9 percent for the year.