Hong Kong Exchanges and Clearing (HKEX)

Money Moves

Actively attracting Chinese AI listings through new specialist technology rules

Manycore Tech, a Hangzhou company that builds AI tools for understanding and generating three-dimensional spaces, debuted on the Hong Kong Stock Exchange on April 17, 2026. Retail investors oversubscribed roughly 1,600 times, and shares nearly tripled, closing at HKD 18.60 — up 144% from its offer price of HKD 7.62. It's the world's first publicly listed 'spatial intelligence' company and the first of Hangzhou's 'Six Little Dragons' AI startups to reach public markets.

Updated May 31