New stock news | Xinghuan Technology (688031.SH) Hong Kong stock IPO approved by China Securities Regulatory Commission

On June 18th, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice of Overseas Issuance and Listing Filing for Xingen Information Technology (Shanghai) Co., Ltd." Xing En Technology (688031.SH) plans to issue no more than 24,583,500 shares of foreign-listed common stock and list on the Hong Kong Stock Exchange. According to the Hong Kong Stock Exchange, the company submitted an application for listing on the main board of the Hong Kong Stock Exchange on March 25, 2026, with Haitong International as the exclusive sponsor. The prospectus shows that Xing En Technology is one of the first companies in China to focus on the research and development of AI and big data infrastructure software. The company provides enterprise-level AI infrastructure software and services covering the entire data lifecycle, including data integration, storage, governance, modeling, analysis, mining, and circulation. Through years of independent research and development, the company has built a new generation of AI infrastructure software matrix, including big data and cloud infrastructure platforms (TDH and TDC), distributed databases (ArgoDB and KunDB), data development and governance tools (TDS), artificial intelligence platforms for large-scale language models and machine learning operations (LLMOps and MLOps), and knowledge platforms (TKH). These products together constitute end-to-end solutions from data to knowledge, from models to applications, helping enterprises in various industries accelerat