A mainland Chinese court has asserted jurisdiction over an investor lawsuit against a Hong Kong-listed company for the first time. The suit alleges the company failed to disclose irregular loans and unauthorized guarantees, potentially increasing scrutiny of corporate disclosures.
Hong Kong is proactively working to strengthen its position as a leading international financial centre, with HKEX reviewing feedback on new measures. The city is also developing its commodities ecosystem, using gold as a strategic entry point, with plans for expanded storage, refinery capacity, and reactivating a US dollar gold futures contract.
The Shanghai Stock Exchange has updated listing rules for unprofitable AI firms, allowing them to go public on the Star Market if they have an anticipated market cap of at least 4 billion yuan and clear commercialization plans. This aims to support high-quality AI companies amid intense global competition.
The Shanghai Stock Exchange has updated listing rules for unprofitable AI firms, allowing them to go public on the Star Market if they meet criteria like a 4 billion yuan market cap and clear commercialization plans. This aims to support high-quality AI companies amid intense global competition.
The Shanghai Stock Exchange (SSE) has updated listing rules for unprofitable AI firms, allowing LLM developers to go public on the Star Market with an anticipated market cap of at least 4 billion yuan and clear commercialization plans. The move aims to support high-quality AI companies amid intense global competition.
Chinese artificial intelligence start-up Moonshot AI has raised about US$2 billion in a new funding round, boosting its valuation to more than US$20 billion as it navigates Beijing’s new listing rules for companies registered overseas. The funding was led by Meituan and involved China Mobile. Over the past six months, Moonshot had raised a total of US$3.9 billion, according to a statement by the deal’s financial adviser HF Capital on Thursday. The Beijing-based company, best known for its Kimi...
