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CATL said the decision was based on the company's "long-term strategic development", and the goal is to further enhance its competitive edge in the power battery sector.

By teaming up with strategic consultancy KMIND Business Management, the project aims to inject capital, impart knowledge and share resources to companies and help them maximize their brand value.

By referring to such cases, investors seeking legal help in similar disputes can get access to a simplified litigation procedure or apply for pre-litigation mediation to avoid lengthy procedures and receive timely protection and compensation.

By the end of June, Hong Kong is likely to have 76 IPOs on board, a sharp fall from the 101 IPOs recorded in the same period a year ago. But the total fundraising amount could rise 38 percent to HK.5 billion (.89 billion), the highest for the same period since 2015.

By enhancing employment-related services, the hub aims to enhance exchanges for overseas talents within the Yangtze River Delta Region and conduct trials in streamlining the provision of a suite of work permits, from visas to permanent residency credentials.