Newtimespace (newtimespace.com) reports that China Resources Power (0836.HK) announced its spin-off company CR New Energy has published the A-share IPO prospectus on the Shenzhen Stock Exchange, offering up to 2.42 billion new shares with proceeds to fund four major new energy projects; upon completion, the Company's stake will dilute from 100% to 83.80% or 81.81%, constituting a major transaction under the Listing Rules, while the spin-off company will remain a subsidiary with consolidated financial results.
Newtimespace (newtimespace.com) reports that Shenzhen HQVT Technology (1392.HK) has launched its global offering of 85.16 million H shares, comprising 8.52 million shares under the Hong Kong public offering and 76.65 million shares under the international placing, at an offer price of HK$7.20 per share and in board lots of 500 shares; the Hong Kong public offering opens on June 11 and closes at noon on June 16, with dealings expected to commence on June 22, while the Company has implemented a fully electronic application process and expects to announce allocation results by June 18.
NewTimeSpace News: Shenzhen Fengyi Technology Group Co., Ltd. submitted an application for listing on the Main Board of HKEX on June 10, with ABC International as the sole sponsor. According to Frost & Sullivan, the company ranks as China's largest smart retail cabinet operator by the number of installed retail cabinets and gross merchandise volume in 2025. Its network of service points expanded from 106,000 at the end of 2023 to 184,000 at the end of 2025.
NewTimeSpace News: Shenzhen HQVT Technology Co., Ltd. passed the hearing for its Main Board listing on the Hong Kong Stock Exchange on June 9, with Minsheng Capital and SPD Bank International as joint sponsors. The company is a Chinese multispectral AI technology enterprise specializing in acquiring, processing and analyzing optical information from multiple specific spectral bands. Its products include multispectral AI modules, multispectral AI perception terminals and multispectral AI large model services.
NewTimeSpace News: PPLabs Technology Limited refiled for Hong Kong IPO on June 9, with ICBC International and Shenwan Hongyuan (Hong Kong) as joint sponsors. According to CIC, by 2025 revenue, it is China’s largest independent edge cloud provider; by compute nodes, it operates China’s largest computing power network; by daily token consumption, it ranks No.1 among China’s independent AI cloud providers.
Newtimespace (newtimespace.com) reports that Duality Biotherapeutics (9606.HK) announced it is currently undergoing tutoring by CITIC Securities for the proposed issuance of RMB-denominated ordinary shares to be listed on the Shanghai Stock Exchange STAR Market, and has passed the tutoring inspection by the Shanghai Bureau of the China Securities Regulatory Commission, with the Company committing to announce further progress in accordance with relevant laws and regulations.
NewTimeSpace News: Beijing Zhongke WengeAI Science and Technology Co., Ltd. passed the Main Board listing hearing of the Hong Kong Stock Exchange on June 9, aiming to become the "No.1 Decision Intelligence Stock". CICC acts as the sole sponsor. Founded in 2017 by AI scientists from the Institute of Automation, Chinese Academy of Sciences, the company is an emerging enterprise-grade AI technology and service provider in China. According to CIC Consulting, it ranked first among China’s enterprise-grade large model-driven decision intelligence service providers in terms of 2025 revenue, with a 10.2% market share.
NewTimeSpace News: Hangzhou Highlightll Pharmaceutical Co., Ltd. submitted a Main Board listing application to HKEX on June 8, with CICC and China Merchants Bank International acting as joint sponsors. Founded in 2017, it is a clinical-stage biotech company focused on the discovery, development and commercialization of therapies for autoimmune/inflammatory diseases. Its core product TLL-018 is currently undergoing two Phase III registrational trials in China for chronic spontaneous urticaria (CSU) and rheumatoid arthritis (RA).
NewTimeSpace News: Guangdong True Health Medical Technology Development Co., Ltd. submitted a Main Board listing application to HKEX on June 8, with CICC and DBS Group acting as joint sponsors. Founded in 2018, the company focuses on the R&D and commercialization of percutaneous puncture and ablation surgical robots. All four models of its core percutaneous puncture surgical robot have obtained Class III registration certificates issued by the National Medical Products Administration.
NewTimeSpace News: Chaozhou Three-Circle (Group) Co., Ltd. (300408.SZ) submitted its second Main Board listing application to HKEX on June 8, with China Galaxy International as the sole sponsor. With over 55 years of expertise in advanced electronic ceramic materials and components, the company offers four major product lines—electronic & ceramic materials, electronic components, communication devices, and equipment assemblies—serving core sectors including communications, AI & data centers, consumer electronics, automotive electronics, semiconductor manufacturing & packaging, and new energy.
NewTimeSpace News: KEYTOP PARKING INC. passed the Main Board listing hearing of HKEX on June 8, with CICC and Minyin Capital acting as joint sponsors. As a smart parking space operator, the company ranked second in China’s smart parking operation industry with a 33% market share by revenue in 2024, according to CIC.
NewTimeSpace News: Nexchip Semiconductor Corporation passed the Main Board listing hearing of the Hong Kong Stock Exchange on June 8, with China International Capital Corporation (CICC) acting as the sole sponsor. The company is a leading 12-inch pure-play wafer foundry. According to Frost & Sullivan, among the world’s top 10 wafer foundries from 2020 to 2025, it ranked first globally in both capacity and revenue growth. By 2025 revenue, it was the 9th largest globally and 3rd largest in Chinese mainland wafer foundry.
NewTimeSpace News: Suzhou Qunce Technology Co., Ltd. submitted an application for listing on the Main Board of HKEX on June 8, targeting "the first FCBGA substrate stock". CITIC Securities acts as the sole sponsor. The company is a leading supplier of advanced IC packaging substrates in Chinese mainland. By revenue, it ranked first in the Chinese mainland FCBGA substrate market in 2025 with a 25.3% market share, and also ranked first in the FCCSP substrate market with a 13.4% market share.
NewTimeSpace News: GLB Intelligent Power Technologies Co., Ltd. submitted an application for listing on the Main Board of HKEX on June 7, with China International Capital Corporation (CICC) acting as the sole sponsor. The company is a global provider of intelligent electrified powertrain domain systems and generalized 800V high-voltage DC power supply system solutions, focusing on the new energy vehicle powertrain domain sector.
NewTimeSpace News: FJD Inc. submitted its second Main Board listing application to HKEX on June 5, with Morgan Stanley and CICC acting as joint sponsors. The company is a global provider of robotics solutions and enabling technologies. By shipment volume, it has become the world’s 3rd-largest supplier of agricultural autonomous driving system kits and 2nd-largest supplier of retrofitted agricultural autonomous driving system kits.
NewTimeSpace News: Nanjing QST Information Technology Limited submitted its second Main Board listing application to HKEX on June 5, with ICBC International as the sole sponsor. According to Frost & Sullivan data, the company took the first place with a 1.6% market share in China’s intelligent fiscal and tax solutions market for cross-border enterprises in 2025, and ranked second with a 1.1% share in the digital business, fiscal and tax solutions market for domestic cross-border enterprises.
