BY PRUDENCE HO

HONG KONG—A jewellery retailer controlled by Hong Kong tycoon Cheng Yu-tung plans to take orders Monday for its up to US$2.8 billion offering while a Chinese firm that specializes in saving energy at power plants kicks off a $1 billion listing, the latest in the flood of Hong Kong initial public offerings that are tapping investor funds despite market volatility and investor wariness.

Chow Tai Fook Jewellery Group Ltd., which will start taking orders from investors Monday, plans to raise up to $2.8 billion in a Hong Kong IPO by selling 1.05 billion shares for between 15 and 21 Hong …