---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286985728.md"
description: "The Hong Kong stock market opened, with the Hang Seng Index down 0.34% and the Tech Index down 0.35%. Huanxi Media opened up 14.55%, planning to issue 731 million subscription shares to PHANCY and establish a strategic cooperation and joint venture framework agreement"
datetime: "2026-05-20T01:20:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286985728.md)
  - [en](https://longbridge.com/en/news/286985728.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286985728.md)
---

# 

The Hong Kong stock market opened, with the Hang Seng Index down 0.34% and the Tech Index down 0.35%. Huanxi Media (01003.HK) opened up 14.55%, as the company plans to issue 731 million subscription shares to PHANCY (06682.HK) and establish a strategic cooperation and joint venture framework agreement

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