Chinese AI chip startup Biren Technology aims to launch a Hong Kong initial public offering in the coming weeks, four sources with knowledge of the matter said. The IPO could raise $300 million, local Chinese media reported.

Senior party members previously alleged they had been told to disband or face severe consequences, including possible arrest.

Caution prevails as investors weigh China’s growth prospects after key economic data showed a deceleration across the board.

Former Hong Kong media mogul Jimmy Lai, a vocal critic of China's Communist Party, has been convicted of conspiracies of sedition and foreign collusion under a national security law

These problems first took root as China prepared to assume control of Hong Kong from Britain, in 1997. Concerned that the transition would scare off foreign investors, Chinese leaders tried to woo real-estate tycoons and other business elites by giving them key roles overseeing the city’s future governance.