Zhongji buys back shares to stabilize prices before Hong Kong IPO, amid risk of onshore stock decline impacting offshore listing success.
Hong Kong's Northern Metropolis is poised to drive future economic growth, with plans to optimize public housing sizes, increase private housing unit minimums, and raise public open space standards by 30% to 3.5 sqm per capita.
Hong Kong's cross-border high-speed rail link, operated by MTR Corp, carried over 16 million passengers in H1 2024, a record since 2018, prompting new facilities. Daily trips exceeded 92,000, driven by Hongkongers traveling to Shenzhen for leisure.
Bank of China's Shenzhen and Fujian branches processed two cross-border transactions, each over US$1.7 billion, via the mBridge multilateral CBDC platform. This marks a significant step for the emerging payment network and China's ambition to internationalize the yuan, bypassing Western-centric financial systems.
China Merchants Securities, a leading Chinese brokerage, ceased market making for the mainland's only South Korea-focused ETF and five other QDII products. This move, described as commercial, aligns with Beijing's efforts to stabilize capital markets amidst significant volatility in South Korea's KOSPI index.
A new cross-border insurance policy has overcome a regulatory hurdle, enabling Shenzhen-based Yivtol's S-Zero piloted aircraft to operate in Hong Kong. This policy addresses Hong Kong's aviation insurance requirements, paving the way for mainland developers to enter the city's market.
An unnamed city government announced stricter security measures for its subway system, including mandatory scanning of passengers and X-raying of carry-on items, alongside new prohibitions on certain goods. The enhanced enforcement has caused long queues and passenger complaints.
Çin'in Shenzhen kentinde URKL 2026, dünyanın ilk insansı robot serbest dövüş ligi olarak başladı. 32 takımın EngineAI T800 robotlarıyla yarıştığı lig, 1.44 milyon dolarlık ödül sunuyor ve robot teknolojisi için zorlu bir stres testi görevi görüyor. Lig, Çin'in insansı robot pazarının 2030'a kadar 870 milyar yuana ulaşması beklentisiyle teknolojik ilerlemeyi hızlandırıyor.
Chinese humanoid startup LimX Dynamics has raised $200 million in a pre-IPO round, valuing it at $2.21 billion, and plans to list in Hong Kong. The move comes amid a surge in China's humanoid AI sector, with over 100 companies and significant investment growth.
Two T800 robots engaged in an MMA fight in Shenzhen, China, for the Ultimate Robot Knock-out Legend (URKL) opener, captivating social media and martial arts actor Donnie Yen Ji-dan. One robot was decapitated in the historic event, marking a new frontier in sports entertainment.
Columbia University professor Jeffrey Sachs began a 43-day, 15,000km "Marco Polo Drive" from Rome on June 13. The journey promotes peace, culture, and sustainable development via green technology, highlighting the modern Silk Road's importance, with Hong Kong and Shenzhen as key eastern gateways.
A Chinese academic warns China must overhaul its innovation ecosystem, particularly in AI, to avoid losing technological sovereignty and national security to the US. Huang Ping advocates for backing open-source AI, implementing unconventional talent reforms, and shifting research from universities to tech enterprises.
Luxshare Precision Industry, a major Apple supplier, saw its shares end lower on their Hong Kong trading debut Thursday, despite raising $3.09 billion in its IPO, the largest this year. The stock closed down 1.55% after opening lower.
Luxshare Precision Industry's shares dropped over 5% in their Hong Kong trading debut Thursday, following its $3.09 billion IPO, the largest this year. The Apple supplier, already listed in Shenzhen, priced shares at HK$63.28, with the stock trading at HK$60 early on.
Luxshare Precision Industry, an Apple supplier, saw its shares drop over 5% in its Hong Kong trading debut on Thursday. The company priced its IPO at HK$63.28 per share, raising HK$24.27 billion ($3.09 billion).
Will Wang, CEO of Even Realities, believes Shenzhen, China, is a superior location to Silicon Valley for hardware startups aiming to become the next Apple due to its deep engineering talent and supply chain dominance. The company recently raised $150 million.
BYD plans to unveil its Denza Z sports car at the UK's Goodwood Festival of Speed, featuring its DiSus body control system and blade battery packs. The move aims to attract international consumers and boost BYD's global expansion.
A Chinese commentator states the US is a declining hegemony but warns underestimating it would be a "fatal mistake." Despite China surpassing the US in global approval ratings, the US retains dominance due to its currency, military, and technology.
Even Realities Technology, a Chinese smart glasses startup founded by an ex-Apple executive, has achieved unicorn status after raising $150 million, valuing the company at $1 billion. The funds will support AI integration and global expansion in the burgeoning smart wearables market.
Shenzhen Longsys Electronics expects net profit of 9.2-11 billion yuan for H1 2023, a massive jump from 14.8 million yuan a year ago. The surge is attributed to strong demand, limited global capacity, and renewed supply agreements.
A UBTECH Robotics lança o U1, robô humanoide ultrarrealista com IA, projetado como "companheiro emocional" para solteiros e idosos na China. Com preços a partir de R$ 91 mil, o robô oferece conforto e assistência, mas levanta debates sobre dependência e privacidade.
La cinese BYD lancia una campagna pubblicitaria "contro i muri" per promuovere le auto elettriche, criticando politiche protezionistiche e regolamenti locali che ostacolano la transizione energetica globale. Sottolinea che crisi climatica e soluzioni non dovrebbero conoscere confini.
A Chinese company has launched the U1, a humanoid robot designed for domestic interaction. Available in male and female versions, it features advanced AI, local data storage, and is sold only to adults.
Nvidia is recruiting for over a dozen robotics roles in Beijing, Shanghai, and Shenzhen, focusing on embodied intelligence, simulation, and AI systems for humanoid robots like Project GR00T, aiming to accelerate real-world deployment of autonomous machines.
