Shares of China battery giant CATL opened 12.5 per cent higher than the subscription price on Tuesday (May 20) after the company raised US$4.6 billion in its Hong Kong listing, the largest of its kind in the world this year.

Shares in China's CATL, the world's largest maker of electric batteries, jumped about 13% in its Hong Kong trading debut after it raised about $4.6 billion in the world’s largest IPO this year. Its shares traded in Shenzhen, mainland China's smaller share market after Shanghai, edged 0.1% higher after dipping earlier in the day.

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The forthcoming patrol of the George Washington comes as the Chinese navy—the world's largest by hull count—continues operations near Japan and Taiwan, which are a U.S. ally and partner, by deploying its aircraft carrier and a task group led by an amphibious warship.

Some have rushed to take advantage of the rollback by frontloading and stockpiling shipments. Container bookings for China to U.S. routes soared nearly 300% in the days after the truce was announced, particularly as businesses anticipate end-of-year holiday shopping demand.

The insurer has received preliminary interest from potential investors for its third attempt to list in Hong Kong, sources say.

USS Blue Ridge, a U.S. Navy command and control ship, has visited four countries in the South Pacific since mid- April.

Solina Chau, Hong Kong’s richest man Li Ka-shing’s longtime companion and business partner, is one of the world’s most powerful women with a net worth of US$2.4 billion.