Sany Heavy Industry is seeking to raise as much as HK$12.36 billion ($1.59 billion) through its Hong Kong listing, a filing showed on Monday, as the machinery maker taps into renewed investor appetite for Chinese listings in the city.

The developers priced the units at an average of HK$13,938 (US$1,795) per square foot, about 20 per cent cheaper than the first phase.

Hong Kong will not start imposing port fees targeting individual countries, despite China and the US charging special levies aimed at one another’s ships.

Shanghai-based JST, which provides software as a service for e-commerce firms, issued over 68 million shares in the Hong Kong offering, raising HK$2.09 billion, or about US$269 million. It estimated its market capitalization at US$1.67 billion following the offering.

Air cargo volumes from China and Hong Kong to Europe recovered rapidly after Super Typhoon Ragasa disruptions, with Hong Kong posting 29% weekly growth

A huge and powerful typhoon is headed toward southern China after lashing the Philippines with destructive winds and torrential rain, putting the region’s megacities on high alert with cancelled flights and disruptions to schools and businesses.

Vice-foreign minister Hua Chunying highlights the short time it took for the International Organisation for Mediation to become operational.

Ant Group and JD.com have paused their stablecoin plans in Hong Kong after Beijing stepped in, raising concerns.