Xinhua Asia-Pacific news summary at 1600 GMT, Aug. 23

NAMPA / Xinhua

2026-08-23

HONG KONG -- Paul Chan, financial secretary of China's Hong Kong Special Administrative Region (HKSAR) government, said on Sunday that funds raised from AI-related IPOs in Hong Kong reached nearly 100 billion HK dollars (about 12.75 billion U.S. dollars) between last December and this May, accounting for about 55 percent of the total IPO funds raised during the period. Chan wrote on his blog that the country's rapid development in AI has provi......

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