Wang Yun’an, the 38-year-old founder of Guming Holdings, is on the cusp of becoming a billionaire as his company prepares for an initial public offering in Hong Kong.
The US Customs and Border Protection issued a notice on Wednesday, noting that additional US tariffs of 10% will apply to Hong Kong as well as mainland China.
Investors in Hong Kong's stock market greeted the second trading day of the Year of the Snake with much optimism, with the benchmark Hang Seng Index soaring 2.83 percent to close at 20,789.96 points.