SHANGHAI: Hong Kong and China stocks rebounded sharply on Monday after a heavy selloff last week, as signs of easing Sino-U.S. trade tensions strengthened bets U.S. President Donald Trump will once again back down from his tariff threats.

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.

Lee also paid tribute to the late renowned physicist Chen Ning Yang, a Nobel laureate and a founding member of the Shaw Prize. He said that Yang reshaped modern physics, and remained devoted to the scientific and educational development of China.

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.

Mainland officials have paused efforts from two top tech companies to establish stablecoin businesses in Hong Kong.

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.

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.

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.