Shanghai Iluvatar CoreX Semiconductor plans $800M share sale in Hong Kong

ByteDance's Seedream 5.0 Pro launch underscores AI's growing role in professional content creation, intensifying market competition and innovation. The post ByteDance launches Seedream 5.0 Pro, escalating the AI image generation arms race appeared first on Crypto Briefing.

Iluvatar's capital raise highlights the growing demand for domestic tech solutions amid US export controls, impacting global semiconductor dynamics. The post Shanghai Iluvatar CoreX seeks $850M from Hong Kong share sale months after blockbuster IPO appeared first on Crypto Briefing.

The post iFX EXPO Asia Returns to Hong Kong in 2026 at the Hong Kong Convention and Exhibition Centre appeared on BitcoinEthereumNews.com. iFX EXPO, the world’s leading B2B event series for the online trading industry, returns to Hong Kong from 7 to 9 October 2026. Following the success of last year’s return to the city, this year’s edition enters a new chapter as it moves to the Hong Kong Convention and Exhibition Centre (HKCEC), bringing together the online trading, fintech and financial services community in one of Asia’s leading financial hubs. Building on the momentum of last year’s event, the move to HKCEC reflects the continued growth of iFX EXPO Asia and the increasing importance of Hong Kong as a gateway to the Asia-Pacific region. As one of the world’s leading international financial centres, Hong Kong offers access to established financial institutions, rapidly growing fintech and digital asset ecosystems, deep capital markets and a thriving international business community,

The post 6.8000: Chinese Yuan looks contained despite PBoC push to make Hong Kong main offshore hub appeared on BitcoinEthereumNews.com. The offshore Chinese Yuan (CNH) is capturing market attention following a sweeping set of structural measures announced by the People’s Bank of China (PBoC) to cement Hong Kong’s status as a global offshore hub for the Yuan.  While the central bank is proactively injecting deep liquidity via expanded business facilities and investment quotas, its broader monetary policy remains anchored in a supportive yet cautious holding pattern. This long-term push toward internationalization contrasts with a highly contained short-term technical background, where the USD/CNH pair remains firmly locked within a strictly defined trading band. USD/CNH daily chart. Source: FXStreet. Expanded liquidity facilities boost Hong Kong’s offshore yuan architecture Macro analysts at BNY highlight that the Chinese central bank has significantly upgraded cross-boundary financial

Momenta's Hong Kong IPO highlights the shift of Chinese tech firms towards local markets amid US-China tensions, impacting global tech dynamics. The post Momenta begins trading in Hong Kong after raising $752M in IPO appeared first on Crypto Briefing.

The post Chinese Yuan: PBoC strengthens Hong Kong hub and links – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu reports that the People’s Bank of China (PBoC) expanded the Renminbi (RMB) Business Facility and Southbound Bond Connect quotas, boosting Hong Kong’s role as the main offshore yuan hub. The central bank will support more yuan-priced commodities, enhance Gold clearing, and allocate more reserves to Hong Kong, while Governor Pan Gongsheng pledges a supportive stance without signaling imminent rate or RRR cuts. Liquidity boost for offshore RMB market “The PBoC has announced new measures to deepen Hong Kong’s role as the main offshore yuan hub and to widen mainland-Hong Kong financial links.” “The RMB Business Facility will be expanded to ¥500bn, giving Hong Kong banks greater access to yuan liquidity, while the annual Southbound Bond Connect quota will rise to ¥800bn from ¥500bn.” “The central bank also said it will support more yuan-priced commodity products, advance

The post China May Be Following US Lead With Quiet Crackdown on AI Exports appeared on BitcoinEthereumNews.com. In brief China’s Ministry of Commerce has held talks with Alibaba, ByteDance, and Z.ai about restricting overseas access to China’s most advanced AI models—including unreleased ones—per Reuters. The proposed framework: a tiered system from simple filing for basic tools to domestic-only restrictions on the most sensitive frontier models. If China restricts its own open-weight models, the alternative businesses reached for when the U.S. cut off Anthropic and gated GPT-5.6 in June disappears with them. The U.S. used its AI kill switch in June. China appears to be building one for July. Beijing has spent the past month in quiet talks with its biggest AI companies about restricting who gets to use them, according to Reuters. Chinese authorities held meetings with Alibaba, ByteDance, and startup Z.ai about potentially limiting overseas access to China’s most advanced AI models—incl

China is reportedly building the same power to cut off its AI that the US deployed against Anthropic in June.