Hubei provincial government issued Q3–Q4 measures to spur growth, including: issue compute-power vouchers and raise subsidy rates, expanding subsidy coverage to model- and token-based AI services to lower compute-access thresholds for SMEs and tech startups; support new-load and export-oriented firms and industrial parks to directly connect to nearby renewable power for green electricity consumption; allocate provincial budget to cover pre-investment costs and create a project reserve and annual

2026-09-21

Hubei provincial government issued Q3–Q4 measures to spur growth, including: issue compute-power vouchers and raise subsidy rates, expanding subsidy coverage to model- and token-based AI services to lower compute-access thresholds for SMEs and tech startups; support new-load and export-oriented firms and industrial parks to directly connect to nearby renewable power for green electricity consumption; allocate provincial budget to cover pre-investment costs and create a project reserve and annual major-project list to accelerate construction; encourage factory-network integration, integrated supply/disposal management and concession models and invite firms to invest-build-operate urban underground pipe networks; deepen assetization of state-owned water resources and water engineering and develop a modern green water economy.

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2026-09-21

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2026-09-21

CITIGROUP says Legend Holdings (03396.HK) is reportedly seeking to sell about 90% of Luxembourg private bank Banque Internationale à Luxembourg (BIL), a unit Citi estimates represents roughly 9% of Legend’s NAV. Reported preliminary bids, due around end-September, imply a 100% BIL value of at least €2.5bn (~HKD22.5bn), about 3% above Citi’s latest valuation of ~HKD21.8bn (0.9x book at end-1H2026). BIL has been a stable profit contributor, but Citi expects its share of Legend’s net profit to fall