On Tuesday, Chinese technology giant Xiaomi Corp announced that it secured USD 5.5 billion through an equity placement, marking a significant step in its ambitious plan to venture further into electric vehicle production. Renowned as the world’s third-largest smartphone manufacturer, Xiaomi successfully concluded the deal on the Hong Kong Stock Exchange, reinforcing its strategic commitment to innovation and market expansion.

Following a leadership shake-up and increased state support, shares of China Vanke surged on the Hong Kong Stock Exchange. The state intervention aims to mitigate liquidity risks and ensure the company's steady development amidst economic changes.