Shuangdeng Group Lists on Hong Kong Stock Exchange, Expanding Global Reach with InvestHK Support

Leading Mainland energy storage battery maker lists in Hong Kong to achieve "industry-finance integration"

Invest Hong Kong (InvestHK) attended Shuangdeng Group Co, Ltd (Shuangdeng)'s listing ceremony on the Main Board of the Hong Kong Stock Exchange today (August 26). Shuangdeng is a leading enterprise in the energy storage battery business of Mainland China's big data and telecommunications industry sector. Following the Group's participation in the visit to the Middle East led by the Chief Executive, Mr John Lee, in May this year, and the continued support from InvestHK, the Group is leveraging Hong Kong as an international platform to expand globally.

The Commissioner for Belt and Road, Mr Nicholas Ho; the Acting Director-General of Investment Promotion of InvestHK, Mr Arnold Lau; and Associate Director-General of Investment Promotion of InvestHK Ms Loretta Lee attended the listing ceremony. InvestHK has been providing strategic support to anchor Shuangdeng's integration into Hong Kong since 2024. The Chairman of the Board, Executive Director and Chief Executive Officer of Shuangdeng, Dr Yang Rui, was also a member of the Middle East delegation led by Mr Lee in May this year. With this background and the support of InvestHK, the Group has been further implementing its development plans in the city.

Mr Lau said, "As an international financial centre, Hong Kong has a well-established capital market and professional services, providing an ideal financing platform for enterprises. We are delighted to witness Shuangdeng Group's choice of Hong Kong as a springboard for its international development, which fully demonstrates the city's unique advantages in connecting the Mainland with international markets. InvestHK will continue to strive to attract more high-quality technology enterprises to develop in Hong Kong, promoting Hong Kong as an international innovation and technology centre."

Dr Yang said, "Shuangdeng plans to use Hong Kong as its international platform to restructure its overseas presence, explore collaborative research and development (R&D) opportunities with universities in Hong Kong and strengthen sales, investment, and financing channels, thereby achieving 'industry-finance integration' for the Group's international business. This highlights Hong Kong's crucial role as a hub for the international development of technology-based enterprises, supporting industry pioneers in furthering their development and financing opportunities."

He added, Shuangdeng is not only a leading enterprise in energy storage battery business of Mainland China's big data and telecommunications industry sector, but is also the first company of Artificial Intelligence Data Centre energy storage listed in Hong Kong. It specialises in the design, R&D, manufacturing and sales of energy storage batteries and systems. As of the end of 2024, the Group served five of the world's top 10 telecom operators and equipment manufacturers, nearly 30 per cent of the world's top 100 telecom operators and equipment manufacturers, and all of China's top five telecom operators and equipment manufacturers.

For a copy of the photos, please visit: www.flickr.com/photos/investhk/albums/72177720328588197.

Leading Mainland energy storage battery maker lists in Hong Kong to achieve "industry-finance integration" Source: HKSAR Government Press Releases

Leading Mainland energy storage battery maker lists in Hong Kong to achieve "industry-finance integration" Source: HKSAR Government Press Releases

Leading Mainland energy storage battery maker lists in Hong Kong to achieve "industry-finance integration" Source: HKSAR Government Press Releases

Hong Kong Customs seizes suspected smuggled of Cattle Gallstones worth about $13.78 million

​Hong Kong Customs today (December 20) detected a suspected smuggling case involving a private car at the Heung Yuen Wai Boundary Control Point and seized 12 kilograms suspected smuggled Cattle Gallstones with a total estimated market value of about $13.78 million.

Customs today intercepted an outgoing private car at the control point. The suspected smuggled items were seized from the rear trunk of the private car. The male driver, aged 47, was subsequently arrested.

An investigation is ongoing.

Customs will continue to combat cross-boundary smuggling activities with firm enforcement action based on risk assessment and intelligence analysis.

Smuggling is a serious offence. Under the Import and Export Ordinance, any person found guilty of importing or exporting unmanifested cargo is liable to a maximum fine of $2 million and imprisonment for seven years upon conviction.

Members of the public may report any suspected smuggling activities to Customs' 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

Hong Kong Customs seizes suspected smuggled of Cattle Gallstones worth about $13.78 million Source: HKSAR Government Press Releases

Hong Kong Customs seizes suspected smuggled of Cattle Gallstones worth about $13.78 million Source: HKSAR Government Press Releases