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HSI Index: 17,450.20 (+1.25%) • HKMA Liquidity Facility: HK$ 12.4B Injected • USD/HKD Spot: 7.8105 (Stable) • Tech Index Futures: 3,540.80 (+2.10%) • PBOC Rate Decision: LPR Unchanged • HSI Index: 17,450.20 (+1.25%) • HKMA Liquidity Facility: HK$ 12.4B Injected • USD/HKD Spot: 7.8105 (Stable) • Tech Index Futures: 3,540.80 (+2.10%) • PBOC Rate Decision: LPR Unchanged •
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Hong Kong's AI IPO Frenzy: Biren's 120% Debut and $2B in Two Weeks

Biren Technology's Hong Kong IPO was oversubscribed 2348 times by retail investors. The stock surged 120% intraday.