On September 4, 2026, the China Securities Regulatory Commission (CSRC) publicly disclosed that two enterprises—Wuhan Binghui Biotechnology Co., Ltd. and Wuxi Chelian Tianxia Intelligent Technology Co., Ltd.—have both obtained CSRC registrations for their Hong Kong initial public offerings.
The registration notice issued for Wuhan Binghui Biotechnology Co., Ltd. details its overseas listing and the "full circulation" of its domestic unlisted shares. The company plans to issue no more than 38,102,600 overseas listed ordinary shares and list them on the Hong Kong Stock Exchange. Additionally, 54 of its shareholders intend to convert a combined total of 150,933,379 domestic unlisted shares into overseas listed shares for trading in Hong Kong. The notice outlines several key requirements: any major events occurring between the issuance of the notice and the completion of the overseas listing must be reported through the CSRC's filing management information system; the company must report its listing status within 15 working days after completing the overseas offering; if the company fails to complete the process within 12 months, it must update its filing materials; and the company must strictly comply with all relevant domestic and international laws and regulations throughout the process. The notice also clarifies that the CSRC's confirmation does not constitute a judgment or guarantee regarding the investment value of the enterprise's securities or the authenticity, accuracy, or completeness of its filing materials.
Similarly, the registration notice for Wuxi Chelian Tianxia Intelligent Technology Co., Ltd. outlines its overseas listing and "full circulation" plan. The company intends to issue no more than 68,263,500 overseas listed ordinary shares for listing on the Hong Kong Stock Exchange. In parallel, 39 of its shareholders plan to convert a total of 336,371,100 domestic unlisted shares into overseas listed shares for circulation in Hong Kong. The notice imposes identical conditions and obligations as those for the first company, including reporting requirements for major events, a 15-working-day post-listing reporting window, a 12-month completion deadline with the option to update materials, and full adherence to applicable regulations. The CSRC similarly disclaims any substantive judgment on investment value or guarantees regarding the accuracy of the information provided.
Both notices were issued by the CSRC's Department of International Cooperation, with dates of August 18 and August 13, 2026, respectively. The full lists of shareholder names and share conversion quantities are appended to each notice. This step marks a significant milestone for both companies as they progress toward their respective Hong Kong listings.