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Haidilao plans to use 60 percent of IPO proceeds to finance expansion, while 20 percent would go toward developing and implementing new technology, the terms show. The company aims to use 15 percent of proceeds to repay debt, the remainder for working capital, said Bloomberg.

Han Baoyi in Geneva contributed to this story.

Hailed as "a strategic initiative critical for the long-term prosperity of the Asia-Pacific" by Chinese President Xi Jinping in his keynote speech at the APEC CEO Summit in Lima, Peru, last year, the FTAAP has been gaining steam especially after a collective study on the trade bloc was approved at the 2016 APEC Summit in Lima, the first substantial step toward its eventual realization.

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HONG KONG - Hong Kong's district council election had a record voter turnout with the number of people casting their votes surpassing the 2015 election count within six hours of polling starting Sunday. In fact, nearly a quarter of the electorate had cast its vote within the first four hours.

Han Changfu, minister of agriculture and rural affairs, said the policy document makes clear that the government's top objective for agriculture and rural affairs this year is to lift all rural residents living below the current poverty line out of poverty and to strengthen weak links in rural areas.

Hagibis, one of the most destructive typhoons in decades, hit the country last weekend.

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Harvard researchers found that much new construction in the rental market is concentrated at the high end. That boosts the return on investment but limits the supply of low-cost apartments.

Hainan, known for its tropical climate and clean air, is a popular destination for Chinese tourists during the Lunar New Year holiday. During the weeklong Spring Festival in 2017, the province received 5.15 million tourists, according to the provincial tourism bureau.

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HONG KONG -- Chief Executive of the Hong Kong Special Administrative Region Carrie Lam said Monday that to repair the traffic lights damaged by rioters in the past few months cost the government more than HK million (.85 million).

Hainan Airlines also inked strategic cooperation agreements with the airports of Dublin and Edinburgh, as well as Tourism Ireland and VisitScotland to promote people-to-people and economic exchanges.