logo
5 stocks start trading in Hong Kong with gains, marking HKEX's busiest day yet in 2025

5 stocks start trading in Hong Kong with gains, marking HKEX's busiest day yet in 2025

Hong Kong's stock exchange had its busiest day of the year for new listings on Wednesday as five mainland Chinese companies made their debuts, cementing the city's position atop the global ranking for initial public offerings (IPO).
Advertisement
Wuhan Dazhong Dental Medical (2651) was the biggest winner of the day when its shares jumped 20 per cent at the open to HK$24, from its IPO price of HK$20.
The shares of Apple supplier Lens Technology (6613) began trading at HK$18.88, a premium of 3.8 per cent from its offer price of HK$18.18. The Shenzhen-listed maker of lens products raised HK$4.77 billion (US$611 million) in its Hong Kong IPO at the top end of an expected range.
'Today's listing of Lens in Hong Kong marks a significant milestone in [the company's] global strategy,' said chairwoman Chau Kwan Fei. 'We will use Hong Kong as a lever to integrate international capital with Lens's manufacturing strengths and the Chinese market, sharing in the growth dividends of Chinese manufacturing.'
Chau Kwan Fei, the chairwoman of Lens Technology, spoke before the trading debut of her company's shares on the Hong Kong stock exchange on July 9, 2025. Photo: Aileen Chuang
Shenzhen-listed chip designer Fortior Technology (1304) rose 8.5 per cent to HK$130.80 after raising HK$2.26 billion. It priced its shares at HK$120.50 each.
Advertisement
Robot maker Beijing Geekplus (2590) rose 0.6 per cent during its trading debut at HK$16.90 after raising HK$2.71 billon.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

What are China's plans for deep space exploration … and beyond?
What are China's plans for deep space exploration … and beyond?

South China Morning Post

time7 hours ago

  • South China Morning Post

What are China's plans for deep space exploration … and beyond?

The US Senate has approved an extra US$10 billion for Nasa's Artemis moon exploration programme, giving a major boost to contractors such as Boeing. While many see it as a domestic win over newer space players including SpaceX , it also signals the Trump administration's determination to stay ahead of China in an intensifying space race. Here we look at how China is expanding its deep-space ambitions , from putting astronauts on the moon to returning rocks from Mars, and how it is posing the most serious challenge to US space leadership in 60 years. Will the next words spoken on the moon be in Mandarin? Possibly. China aims to land two astronauts on the moon before 2030, with all major hardware now in prototype development and large-scale testing. The Chinese programme's Mengzhou crew capsule passed a critical safety test just last month, and the Long March-10 moon rocket could make its maiden flight as early as next year. China is also developing the Lanyue lunar lander and the Wangyu spacesuit, both undergoing trials. Nasa still leads on paper, with Artemis III targeting a crewed landing no earlier than 2027. But the mission faces big technical hurdles. In particular, its massive lunar lander – a modified SpaceX Starship – requires in-orbit refuelling, something that has not been done before.

China's Wang Yi says deeper US exchanges on the cards after talks with Rubio
China's Wang Yi says deeper US exchanges on the cards after talks with Rubio

South China Morning Post

time8 hours ago

  • South China Morning Post

China's Wang Yi says deeper US exchanges on the cards after talks with Rubio

Chinese Foreign Minister Wang Yi said the sit-down with his American counterpart Marco Rubio in Kuala Lumpur on Friday had set the stage for deeper exchanges. Speaking to Chinese media on Saturday, Wang said the talks had helped to manage US-China differences as the rival powers seek to manage tensions amid rising trade frictions. Both sides recognised that they represented the most important bilateral relationship in the world, with an impact beyond their respective borders, he added. 'The meeting was constructive, with both sides engaging in equal dialogue in the spirit of mutual respect,' Wang said, according to a statement from his ministry. 'I believe that it has enhanced the US' understanding of China and paved the way for the next step of exchanges between the two countries' diplomatic teams.' The statement said Wang spoke to the Chinese press after attending the Asean and East Asia-related meetings in the Malaysian capital but did not say where the interaction took place. Friday's talks, Wang added, could be summarised as having strengthened engagement, prevented misjudgments, managed differences, and expanded cooperation between the two countries.

HK's National Games merch blends spirit and city icons
HK's National Games merch blends spirit and city icons

RTHK

time11 hours ago

  • RTHK

HK's National Games merch blends spirit and city icons

HK's National Games merch blends spirit and city icons Rosanna Law said the products embody the spirit of the Games, while incorporating elements of the city. Photo: RTHK Secretary for Culture, Sports and Tourism Rosanna Law on Saturday said that official merchandise for Hong Kong's participation in this year's National Games will uniquely blend the spirit of the event with iconic elements of the city. Hong Kong is set to co-host the Games for the first time in November alongside Guangdong and Macau. Speaking at the launch ceremony for the Hong Kong competition region's official franchised products, Law emphasised the local character of the merchandise. "These products embody the spirit of the Games while incorporating elements like the scenery of Victoria Harbour, city landmarks and local cuisine, showcasing the unique charm of the Hong Kong competition region," she said. The merchandise, featuring the National Games mascots "Xiyangyang" and "Lerongrong" alongside Hong Kong-specific imagery such as Tai O and the Star Ferry, will go on sale starting Monday. Law said initial purchase locations include the Kai Tak Mall, West Kowloon Station and Wan Chai Immigration Tower. "In the future, we will gradually expand to more locations across Hong Kong for the convenience of citizens and tourists. The licensed merchandise retailers will also introduce products from the Guangdong competition zone for sale in Hong Kong," she said. Product offerings range from plush toys and pins to cups and other commemorative items. Regarding the Games themselves, Law said that preparations were progressing smoothly, and she encouraged the public to support the SAR delegation during the competition.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store