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).

According to @business, Sany Heavy Industry has begun taking investor orders to raise up to HK$12.4 billion (US$1.6 billion) via a Hong Kong listing (source: Bloomberg/@business, Oct 20, 2025). According to @business, the offering is part of a broader wave of Chinese companies tapping Hong Kong’s hot market (source: Bloomberg/@business, Oct 20, 2025).

According to @business, InnoLight, a Chinese optics company valued around $63 billion, is considering a listing in Hong Kong (source: Bloomberg/@business). The source provides no timeline, deal size, or additional terms, and it does not reference any cryptocurrency market linkage at this stage (source: Bloomberg/@business).