According to @business, Guangdong Haid, a Chinese producer of animal and fish feed, has selected banks for a planned Hong Kong listing, citing people familiar with the matter (source: Bloomberg/@business). For equity context, Hong Kong Exchanges and Clearing (HKEX) identifies listing fees and trading-related income among its key revenue streams, underscoring the relevance of primary market activity to the exchange’s business profile (source: HKEX 2023 Annual Report). For crypto context, the International Monetary Fund reported that Bitcoin’s returns became more correlated with equities since 2020, indicating tighter cross-asset co-movement that traders monitor when equity risk sentiment shifts (source: IMF analysis on crypto–equity correlations, 2022).