Shenyan Intelligent (02723.HK) rose more than 70% on its second trading day, pushing the share price above HK$350. On its Hong Kong debut yesterday the stock closed up 265%.

People's Daily published an interview with Huawei board director and president of the Semiconductor Business Unit He Tingbo. He said that faced with various difficulties the company did not retreat and fought with all its might. What we pride ourselves on is a simple belief and unglamorous, stubborn hard work; as long as the direction is correct, moving more slowly is acceptable — by continually moving forward you will eventually find bridges and roads. Relying on sustained basic-theory research and practice, we not only cleared a path but built a highway. We are an engineer-led company; engineers' work is to solve problems. External environmental constraints have imposed very stringent limits on us, but they have also given us a purer work drive. Most of the time the team works resolutely, quietly and calmly, because only when calm, focused and free of distractions can one sincerely, openly and deeply probe problems and find solutions.

智譜(02513.HK)漲超15%，成交額超16億港元，市值超7200億港元。