On July 21, according to Bloomberg, people familiar with the matter said that BlackRock, Hillhouse, and Temasek will become cornerstone investors for Zhongji Innolight's potential $8 billion Hong Kong listing plan. These cornerstone investors are expected to subscribe to nearly half of the issuance size, in exchange for guaranteed allocation quotas to hold the stock for a fixed period (usually six months). Zhongji Innolight plans to start accepting investor subscriptions as early as Wednesday, which could become the largest equity offering in Hong Kong in seven years.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
BlackRock, Hillhouse, and Temasek Reportedly to Become Cornerstone Investors for Zhongji Innolight's Hong Kong IPO
-
Wechat scan to share
Recommended for you
-
USD/JPY Breaks Above 163 Level
On July 21, USD/JPY broke above the 163 level, reaching a new high since 1986, up 0.34% on the day. -
Moonshot AI Reportedly in Pre-IPO Funding Talks at $50 Billion Valuation
July 21, market news: Moonshot AI is reportedly in Pre-IPO funding talks at a $50 billion valuation. -
Crypto Bank Augustus Completes $180 Million Funding Round, Led by Tiger Global
On July 21, Augustus, a startup building a federally chartered clearing bank, announced it has raised $180 million to expand its dollar payment infrastructure as stablecoins reshape the global financial system. The funding round values Augustus at $1 billion. The round was led by Tiger Global Management, with participation from Hummingbird Ventures, QED Investors, and founders of Nubank, Ramp, Circle, and Deel, among other investors. -
U.S. Trade Representative Greer Says U.S. Is Preparing New Tariffs
July 21, according to the Wall Street Journal: U.S. Trade Representative Greer said the U.S. is preparing new tariffs. -
US-listed crypto concept stocks surge; Circle jumps over 10%
On July 21, Bitcoin returned to above $66,000, and US-listed crypto concept stocks collectively surged. Circle jumped over 10%, Coinbase rose over 9%, Robinhood gained over 6%, TeraWulf and Strategy increased over 4%, while Riot Platforms and CleanSpark rose over 2%. -
Kalshi Applies to CFTC for Gold-Linked Perpetual Futures
On July 21, prediction market platform Kalshi submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) to launch gold-linked perpetual futures. (Jin Shi) -
Official Meeting Between Interior Ministers of Iran and Pakistan Has Begun
On July 21, according to the Iranian Students' News Agency, the official meeting between the Interior Minister of Iran and the Interior Minister of Pakistan began a few minutes ago. -
Beijing: In-depth Implementation of 'AI+' Action Plan in the Second Half of the Year with Special Support Policies for Embodied Intelligence Enterprises
On July 21, according to the Beijing News, the Beijing Municipal Bureau of Economy and Information Technology announced that in the second half of the year, it will focus on the annual key tasks of building a benchmark city for the digital economy and deeply implement the 'AI+' action plan to fully unleash new momentum for the intelligent economy. The plan aims to advance the comprehensive empowerment of artificial intelligence. It will promote AI-enabled new industrialization, establish R&D and pilot platforms for AI in the industrial sector, and enhance the application level of AI in core industrial production processes. Special support policies for computing power and datasets for embodied intelligence enterprises will be introduced to accelerate the iteration of core technologies such as embodied large models and motion control, leveraging embodied intelligence to drive industrial transformation and improve quality of life. The construction of a national (medical) AI application pilot base will be expedited, linking top-tier hospitals, research institutions, and technology companies to address the bottlenecks in the translation of medical intelligence from the laboratory to clinical application. The application of intelligent translation and simultaneous interpretation in the cultural and tourism consumption sectors will be promoted, expanding the range of languages and achieving hardware-software synergy. Additionally, a non-site intelligent supervision system for food safety will be improved to form a complete regulatory chain of intelligent early warning, remote inspection, and rapid response. -
Beijing to Establish Token Factories in the Second Half of the Year
On July 21, the Beijing Municipal Bureau of Economy and Information Technology reported that in the first half of the year, the city's digital economy grew by 7.8%, with the core industries of the digital economy increasing by 9.8%, significantly contributing to the city's GDP growth. In the second half of the year, Beijing will promote comprehensive empowerment through artificial intelligence, advancing applications such as intelligent translation and simultaneous interpretation in the cultural and tourism consumption sectors. The Bureau will focus on the annual key tasks for building a benchmark city for the digital economy, implementing the 'Artificial Intelligence +' action plan, and fully unleashing new momentum for the intelligent economy. Policies for the development of the Token economy will be formulated, focusing on key aspects such as Token production, distribution, and application, with plans to establish Token factories and distribution platforms, promoting innovative applications in key areas such as industry, education, and cultural tourism. An 'Innovate for the Future' OPC special roadshow event will be held to stimulate the creative energy of super individuals in AI applications. High-quality training courses on AIGC aimed at OPC will be developed to unlock the value of AIGC technology. Leveraging the Open Source Chip Research Institute and the Beijing Tongminghu Information Technology Application Innovation Center, a 'RISC-V + AI OS' open-source ecosystem will be created, building a full-stack autonomous technology system from chip instruction sets to operating systems to intelligent applications. (Xinjingbao) -
Changxin Technology: Online Investors Abandon Subscription of 6,586,227 Shares
On July 21, Changxin Technology (688825.SH) announced the results of its initial public offering on the STAR Market. The issue price was 8.66 yuan per share, with an initial offering of 6,688,088,608 shares, accounting for approximately 10% of the total post-issuance share capital. The final strategic placement was 1,667,064,720 shares, and the final online issuance lot-winning rate was approximately 0.47141739%. Online investors subscribed and paid for 3,844,517,273 shares and abandoned 6,586,227 shares; offline investors subscribed and paid for 2,173,101,821 shares and abandoned 31,567 shares. The joint lead underwriters underwrote 6,617,794 shares, with an underwriting amount of 57.3101 million yuan. Before the exercise of the over-allotment option, the issuance expenses were 281 million yuan.
Daily Must-Read
-
ENI Takes the Stage at WebX Japan and Builds a Bridge from Traditional Capital to the Future Economy
-
GWDC 2026 KOREA: The New Asian Paradigm of Web3 & AI Sets to Debut in Seoul on Sept 29-30, Inviting Global Builders to the Ultimate Developer Summit
-
From User Journey to Consumption Loop: Understanding UniKey’s Product Logic and the Three Core Use Cases of KEY
-
From AI Router to Agent Economy Network: How UniKey Builds the Next Generation of AI Infrastructure
-
SuperStrike: As AI Takes Over Financial Decision-Making, A New Era of Wealth Creation Begins
-
The largest IPO in history! Panoramic analysis of SpaceX's IPO: trillion dollar valuation, track change, and Musk's trillion dollar net worth
All Comments