Sany Heavy Industry is seeking to raise as much as HK$12.36 billion ($1.59 billion) through its Hong Kong listing, a filing showed on Monday, as the machinery maker taps into renewed investor appetite for Chinese listings in the city.

The developers priced the units at an average of HK$13,938 (US$1,795) per square foot, about 20 per cent cheaper than the first phase.

Hong Kong will not start imposing port fees targeting individual countries, despite China and the US charging special levies aimed at one another’s ships.

A huge and powerful typhoon is headed toward southern China after lashing the Philippines with destructive winds and torrential rain, putting the region’s megacities on high alert with cancelled flights and disruptions to schools and businesses.

Shanghai-based JST, which provides software as a service for e-commerce firms, issued over 68 million shares in the Hong Kong offering, raising HK$2.09 billion, or about US$269 million. It estimated its market capitalization at US$1.67 billion following the offering.

A China-led international mediation organization has been established in Hong Kong. Officials say the International Organization for Mediation, or IOMed, is aimed at resolving conflicts between nations, as well as business disputes, through mediation.

Chinese regulators stopped Ant Group and JD.com from launching stablecoins in Hong Kong over concerns about private currency issuance.

Britain on Thursday said China had broken its main bilateral treaty on Hong Kong by imposing new rules to disqualify elected legislators in the former British colony, cautioning that it would consider sanctions as part of its response.

Following his US trip, finance chief Paul Chan also says American partners are reassessing Chinese technology given its leapfrogging ability.