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Analysts have said that if implemented, the reform will reverse a trend in recent years in which many Chinese tech firms preferred to list overseas because of more flexible listing rules and access to international investors.

And yet here we are, with Hong Kong as prosperous and vibrant as ever.

And that was certainly the case for Opscode, the fast-growing IT automation startup that today is announcing an oversubscribed million venture round led by Scale Venture Partners and including investments from Citi Ventures, Battery Ventures, DFJ and Ignition. Total funding in the 100 person company, which expects to double its staff in the next year, now stands at million.

Analysts said that the recent rainy weather has driven hydroelectric generation to increase and some UHV equipment has been overhauled to resume power transmission, causing daily coal consumption of thermal power plants in coastal areas to fluctuate and decline, therefore the intention of coal procurement by electrical companies was lowered.

Analysts said such cooperation is in line with Huawei's overall strategy to build a smart internet of things ecosystem. HarmonyOS is built as a system for IoT — not just for smartphones. The wider use of the system in third-party companies showcases its popularity, analysts added.