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Chinese heating systems supplier Zhejiang Sanhua Intelligent Controls had a tepid trading debut in Hong Kong on Monday, with investors selling shares following the initial public offering (IPO) frenzy. Trading under the code 2050, the stock began trading at HK$20.95 amid a declining market, 7.2 per cent lower than its offer price of HK$22.53, in…
China-based Unisound is offering 1.561 million shares in a Hong Kong IPO running June 20–25, with shares priced at HKD 165–205 each. Trading is set to begin June 30. The firm develops AI tools for healthcare, among other use cases, powered by a 60-billion-parameter model and Atlas AI infrastructure. Source link
Challenges and volatility will persist despite a renewed trade truce between the US and China, Hong Kong’s finance chief has warned, as he outlined his strategy to enable the city to navigate continued geopolitical uncertainties. In a media interview last Friday, Financial Secretary Paul Chan Mo-po also revealed his goal for the city to overtake…
In a call to action for greater investment to accelerate the development of blockchain infrastructure, industry group Web3 Harbour and accounting firm PwC Hong Kong released the “Hong Kong Web3 Blueprint” on Monday, capitalising on recent momentum in the city. Highlighting the “transparency, security, and user empowerment” of decentralisation, the blueprint seeks to leverage what…
Hong Kong should be proud of the healthy head start achieved by a new programme to help babies and mums. The city’s first breast milk bank, only six months after it started collections, has already nearly reached the goal set for its entire first year. Authorities had set an initial target for the Hong Kong…
Hong Kong police are investigating the theft of reportedly about HK$3,000 (US$382) worth of Labubu figures, a character created by a local designer that has taken the world by storm, from a claw machine store. The force said on Saturday evening that the incident was reported by a claw machine shop owner surnamed Wong, who…
Two trial projects for drone operations will concentrate on hillside and slope monitoring services, with relevant skills expected to be widely used by next year in an effort to prevent landslides and develop the low-altitude economy, Hong Kong authorities have said. The Development Bureau said on Sunday that the Geotechnical Engineering Office had been using…
Hong Kong is launching a summer campaign to spur spending among tourists and locals on Monday, with the promotional effort offering perks and discounts on goods and services ranging from transport to theme parks. The effort has seen the Tourism Board team up with theme park operators, retailers and transport providers to launch the “Hong…
A set of 18th century porcelain pieces, decorated with Islamic motifs of crescent moons, stars and Koranic inscriptions, is a key part of an unprecedented exhibition of artefacts in Hong Kong, reflecting historical links between China and the Muslim world, according to a visiting Qatari museum official. In an interview with the Post, Shaika Nasser…