Shanghai Top Numerical Control shares surged 80% on their Hong Kong debut Wednesday, opening at HK$37 and closing at HK$47.50, significantly above their HK$26.39 offer price. The IPO raised HK$1.72 billion amid strong investor interest in the aerospace sector.
A leading Chinese aviation engineer has set out a detailed blueprint for building a fully self-sufficient supply chain for large passenger jets. The paper, written by Zhang Yanzhong, a senior academician at the Chinese Academy of Engineering (CAE) and the former chief scientist of the Aviation Industry Corporation of China, acknowledged there was a very real risk that the country could be cut off entirely from components made in the West. Known as the “father of China’s large aircraft” for his...
A leading Chinese aviation engineer has set out a detailed blueprint for building a fully self-sufficient supply chain for large passenger jets. The paper, written by Zhang Yanzhong, a senior academician at the Chinese Academy of Engineering and the former chief scientist of the Aviation Industry Corporation of China, acknowledged there was a very real risk that the country could be cut off entirely from components made in the West. Known as the “father of China’s large aircraft” for his decades...
