New energy, artificial intelligence, electric vehicle (EV) and biotechnology companies will remain the driving force behind Hong Kong’s initial public offering (IPO) market in the coming years, according to the head of bourse operator Hong Kong Exchanges and Clearing (HKEX). “In the past year, dozens of new companies in green energy, automation and other sectors…
(Bloomberg) — Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and metal producers that form the industry’s physical backbone. The shift toward the sector’s supply chain — from power generators to materials used in data centers — reflects growing concern over lofty valuations in pure-play AI…
In just one day, China dammed a huge river in two spots to build a mega hydropower project in the southwestern province of Sichuan, according to China Electric Power News under the National Energy Administration. The flow of the Yalong River, a secondary tributary of the Yangtze River, was intercepted as the first step in…
This story is part of the WHYY News Climate Desk, bringing you news and solutions for our changing region. From the Poconos to the Jersey Shore to the mouth of the Delaware Bay, what do you want to know about climate change? What would you like us to cover? Get in touch. The Philadelphia area…
Sales of electric vehicles in the United States are almost certain to tumble when the $7,500 federal tax credit for EV buyers expires on Oct. 1, leaving automakers and car buyers wondering where prices will go.The tax credit, which was passed in 2022 as part of the Biden administration’s legislative push to support EVs and…
(Bloomberg) — Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc….
Hong Kong authorities have proposed reclaiming 190 hectares of land in waters off the western New Territories for the development of four core modern industries in a bid to create future growth in a sluggish market. The Development Bureau said on Friday that the government was open to any financing model for the reclamation work…
Chinese construction crews have completed encircling the Tarim Basin – one of the most forbidding places on Earth – with an extra-high voltage “energy ring”. The project, which has taken 15 years to build, transforms the vast inland basin – home to China’s largest desert – into a massive new-energy transmission hub. The 4,197km (2,608-mile)…
(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…