Finance · Automotive
HONG KONG, August 20, 2026 - 1. Revenue: Net Interest Income Drives Growth; Fee-Income Volatility Mirrors Broader Industry Trends
Bank of Chongqing's headline revenue figures provide a useful starting point.
In 2025, the bank reported revenue of RMB 15.113 billion, up 10.48% year on year, while net profit attributable to shareholders rose 10.49% to RMB 5.654 billion.
The momentum carried into the first quarter of 2026. Revenue increased 11.57% to RMB 3.996 billion and net profit rose 11.22% to RMB 1.898 billion, marking another quarter of double-digit growth in both metrics.
Preliminary results for the first half of 2026 showed revenue of RMB 8.486 billion, up 10.80% year on year; profit before tax of RMB 4.081 billion, up 7.82%; and net profit attributable to shareholders of RMB 3.518 billion, up 10.28%. This marked a fourth consecutive quarter of double-digit growth in both revenue and attributable net profit, making Bank of Chongqing the only bank among the 42 listed on China's A-share market to do so.
A closer look at the revenue mix shows that net interest income has been the principal growth engine. It reached RMB 12.459 billion in 2025, an increase of 22.44%. The momentum remained firm in 2026, with first-quarter net interest income rising 12.83% to RMB 3.548 billion, pointing to another solid first-half performance.
As a locally rooted city commercial bank, Bank of Chongqing has played an active role in supporting the Chengdu-Chongqing Economic Circle and the New International Land-Sea Trade Corridor. Growth backed by strong demand from the real economy is more sustainable and gives the bank a defensible revenue base in an increasingly competitive market.
Fee and commission income tells a different story. Banks' fee businesses have entered a period of deep adjustment amid tighter enforcement of rules requiring reported bancassurance commission rates to match actual payments, lower mutual-fund distribution fees, and volatility in wealth-management markets. Sharper swings in wealth-management markets produced a marked divergence in fee income among listed city commercial banks in 2025. Against the backdrop of interest-rate liberalization, while a handful of institutions continued to grow on the back of the sector's winner-takes-more dynamics, the industry remained broadly under pressure, with several listed city commercial banks recording declines of around 30% in net fee and commission income. Bank of Chongqing held up relatively well: the decline in its fee income narrowed in 2026, with early signs of stabilization and recovery.
The bank has also made headway in improving the quality of its fee income. In 2025, it ranked first in Chongqing by non-financial corporate bond underwriting volume, market share, and number of issues. It also led locally incorporated financial institutions across western China. In trade finance, cross-border renminbi settlement volume increased by more than 120% year on year. These higher-quality fee income streams, underpinned by stronger service capabilities, are gradually displacing traditional conduit business and emerging as a new growth driver.
Net interest margin, or NIM, rose to 1.39% in 2025 from 1.35% in 2024, an increase of 4 basis points. A breakdown of asset yields and funding costs shows what drove the improvement:
Although the average yield on loans fell by 12 basis points, the average cost of deposits declined by 37 basis points. The larger reduction in funding costs offset downward pressure on asset yields, enabling the bank to deliver a stronger improvement in NIM than the industry average and highlighting more effective management of deposit pricing.
Total assets reached RMB 1.034 trillion at the end of 2025, up 20.67%, taking the bank above the RMB 1 trillion threshold. Expansion continued in 2026: assets rose to RMB 1.108 trillion at the end of March, up 7.20% from year-end, and to RMB 1.109 trillion at the end of June, up 7.27% from end-2025. Market observers see the bank's growth potential at its new scale as evidence that its “Five Highs” operating strategy, centered on ambitious goals, strategic transformation, efficient operations, quality service, and high-quality growth, is gaining traction. Through greater efficiency and higher-value services, Bank of Chongqing has achieved a step-change in scale and built a more differentiated competitive position as it moves toward the ranks of leading listed commercial banks.
As a locally rooted financial institution, Bank of Chongqing has anchored its growth in China's Western Development strategy and achieved a step-change in scale as it grew in tandem with the regional economy.
Outstanding corporate loans rose 30.95% year on year at the end of 2025. Backed by coordinated execution across the organization, credit was directed to national priorities including the Chengdu-Chongqing Economic Circle and the New International Land-Sea Trade Corridor, as well as Chongqing's '33618' modern manufacturing cluster system. The annual report showed a 60% increase in outstanding loans to technology-based enterprises and 40% growth in green lending. Manufacturing loans posted their largest absolute increase and fastest growth in five years. Outstanding financing in support of the New International Land-Sea Trade Corridor exceeded RMB 55 billion. This lending not only supports the real economy but also embeds the bank more deeply in customers' transaction flows, helping it attract substantial low-cost demand deposits as its balance sheet expands.
2. Risk: Broad-Based Improvement in Forward-Looking Indicators Reinforces Asset Quality
Bank of Chongqing has put its belief that 'risk management creates value' into practice by upgrading its risk controls and steadily reducing risk exposure. At the end of 2025, the non-performing loan ratio fell by 11 basis points year on year to 1.14%. More importantly for investors, forward-looking asset-quality indicators improved in tandem: the special-mention loan ratio and overdue loan ratio declined by 70 basis points and 37 basis points from the start of the year to 1.94% and 1.36%, respectively.
Asset quality improved further in the first quarter of 2026. At the end of March, the non-performing loan ratio fell by another 2 basis points to 1.12%, while the provision coverage ratio rose by 1.02 percentage points from year-end to 246.60%. The continued improvement in these forward-looking indicators, together with steadily rising provision coverage, reduces the risk of potential problem loans migrating into the non-performing category, strengthens the margin of safety, and highlights the bank's capacity to absorb credit risk.
3. Institutional Views: Capital Replenishment Potential and the Case for a Valuation Re-rating
At the end of 2025, the bank's core Tier 1 capital adequacy ratio stood at 8.53%. Rapid asset growth has consumed some capital, but the bank's RMB 13 billion convertible bond is now in its conversion period. Chongqing Expressway Group's decision to convert its holdings into shares may be only the beginning.
By the end of March 2026, the bank's core Tier 1 and total capital adequacy ratios had risen to 8.67% and 12.57%, respectively. Institutional estimates suggest that full conversion of the remaining bonds could materially strengthen capital and create room for continued balance-sheet expansion during China's 15th Five-Year Plan period.
After Bank of Chongqing released its annual and first-quarter reports, the market response was broadly positive. Analysts at CITIC Securities, China Merchants Securities, Zhongtai Securities, Guotai Haitong Securities, China Galaxy Securities, and Zheshang Securities published a series of follow-up notes, with ratings ranging from Buy and Overweight to Recommend and Outperform.
The common thread across the reports was that the bank's move beyond RMB 1 trillion in assets was not simply a story of scale; it was also accompanied by tangible progress in lowering funding costs and improving asset quality.
4. Conclusion: A Clear Case for a Return to a More Reasonable Valuation
Taken together, Bank of Chongqing's performance in 2025 and the first half of 2026 points to several positive shifts: assets have crossed RMB 1 trillion, revenue and profit growth have returned to double digits, NIM has bottomed and begun to recover, and risk indicators continue to decline. These stronger fundamentals could increasingly feed through to the bank's market valuation.
According to a June 9 report by BOCOM International, the banking sector was trading at between 0.5 and 0.8 times book value, near the bottom of its valuation range. That has sharpened investor focus on listed banks' share-price performance and market-capitalization management practices.
Changjiang Securities argues that a turning point in fund flows into bank stocks is already in place. Broad-based index funds tracking the CSI 300 recorded net outflows of nearly RMB 1 trillion in the first half of 2026, while active mutual funds' exposure to banks fell to a record low. The brokerage believes the impact of those reductions has now been fully absorbed, and that bank valuations will enter a slow, gradual recovery from the second half of 2026.
With sector NIMs stabilizing and earnings expectations improving, high-quality regional city commercial banks are drawing renewed institutional interest. As confidence in Bank of Chongqing's re-rating case grows, a higher weighting in institutional portfolios, together with the stock's high dividend yield and low valuation, could help the shares move decisively out of undervalued territory and toward a more reasonable valuation.
Aug 20 · 03:52·ACN Newswire
Finance · SaaS
HONG KONG, August 20, 2026 - With the imminent inauguration of the new Huanggang Port, cross-border transport demand between Shenzhen and Hong Kong is set to rise further. To drive the digital transformation of Hong Kong’s green minibuses and facilitate cross-border travel between Hong Kong and the Chinese Mainland, Wonder, a leading FinTech and payments platform for merchants in Hong Kong and Asia-Pacific, Weixin Pay (WeChat Pay), and Koon Wing Motors signed a cooperation intention at the “Hong Kong Minibus Smart Transit Cooperation Signing Ceremony” held on 18 August 2026. This cooperation marks a pivotal milestone in the integration of public transportation between Hong Kong and the Chinese Mainland. By deploying the Wonder Transit X smart mobility platform across Hong Kong’s green minibus network, the initiative will comprehensively drive innovation in smart payments, smart ticketing, and digital operations, delivering a seamless, frictionless commuting experience for local residents and cross-border passengers, further deepening the integration of FinTech with Hong Kong’s public transit sector.
Under the cooperation agreement, Wonder Transit X will be integrated into the green minibus fleet operated by Koon Wing Motors, seamlessly bridging Weixin Pay, Wonder’s smart mobility solutions, and the local green minibus network. In particular, routes servicing the new Huanggang Port will introduce Wonder Transit X to support a versatile array of electronic payment methods, including Weixin Pay, thereby streamlining cross-border commutes for both tourists and local residents. This cooperation will introduce various digital payment options and digital operational capabilities to these critical routes, elevating the passenger journey while empowering operators to optimize ticketing, transaction processing, and daily administrative efficiency. This deployment signifies the official expansion of Wonder Transit X into Hong Kong’s green minibus sector, laying a solid foundation for the digital transformation of local public transport.
Wayne Chen, Regional Head of Hong Kong, Macau and Taiwan, Weixin Pay, said, “Minibuses are a cornerstone of Hong Kong's transit infrastructure, essential for both the immersive travel experiences of tourists and the everyday needs of Greater Bay Area residents. We believe this cooperation with Koon Wing Motors will significantly optimize transit efficiency, eliminate the friction of cash handling, and digitally transform the 'last mile' of cross-border connectivity.”
Ma Kiu Sang, Director of Yan Yan Motors Ltd., a subsidiary of Koon Wing Motors, said, “To enhance the commuting experience for passengers utilizing our green minibuses post-clearance at the Heung Yuen Wai and new Huanggang ports, we have upgraded our fleet with a state-of-the-art digital payment system. In addition to Octopus, cross-border passengers can now pay fares using Weixin Pay, credit cards and a wide array of digital payment methods, making every journey smoother and more convenient.”
Jason Ngan, Founder and CEO of Wonder, said, “This cooperation underscores Wonder’s unwavering commitment to advancing smart city infrastructure through FinTech. By integrating Wonder Transit X into an expanding network of green minibuses, we are delivering more accessible, diversified, and globally recognized payment options to passengers, while injecting fresh impetus into the digital transformation of Hong Kong’s public transit system. Whether serving local residents, mainland visitors, or international tourists, our platform ensures everyone can utilize their preferred payment methods for a frictionless and inclusive travel experience. Given the intensifying cross-border connectivity, incorporating commonly used payment tools in the Chinese Mainland like Weixin Pay into minibus routes connecting port-adjacent communities directly addresses the pragmatic needs of cross-border passengers. We look forward to working with Weixin Pay and Koon Wing Motors to seamlessly integrate smart payment capabilities into the daily commutes of Hong Kong citizens and facilitating cross-border travel, further cementing Hong Kong's leading position as an international smart city.”
Wayne Chen, Weixin Pay (WeChat Pay), Regional Head of Hong Kong, Macau and Taiwan; Ma Kiu Sang, Director of Yan Yan Motors, a subsidiary of Koon Wing Motors; and Jason Ngan, Founder and CEO of Wonder, at the Hong Kong Minibus Smart Transit Cooperation Signing Ceremony.
Digitalizing Public Transit: Elevating the Passenger Experience and Operational Efficiency
Public transportation is an integral component of daily life in Hong Kong. In tandem with ongoing smart city initiatives, the digital transformation of public transit has become paramount. This cooperation will offer convenience to passengers on the relevant green minibus routes. Local residents, Mainland visitors and international travelers can seamlessly settle fares using a comprehensive suite of digital payment solutions tailored to their preferences, including Weixin Pay, PayMe, UnionPay, UnionPay app, JCB, Visa, Mastercard, Discover, Diners, and BOC Pay. This effectively eliminates the reliance on cash and exact change — a critical advantage during peak transit hours and short-haul journeys. Furthermore, digital payments ensure transparent transaction records and instant confirmation, granting passengers peace of mind and real-time visibility into their fare expenditures. Over the long term, this cooperation will drive the modernization of minibus services, aligning them more closely with the contemporary needs of the public.
Beyond serving local communities, this cooperation significantly refines the cross-border travel experience between Hong Kong and Chinese Mainland. Specific routes act as vital arteries connecting border communities, offering essential transit links for frequent cross-border travelers. Notably, as a flagship infrastructure project between Shenzhen and Hong Kong, the new Huanggang Port's connecting minibus routes will feature this diversified digital payment system. Mainland visitors can utilize familiar platforms such as Weixin Pay, mitigating the friction of acquiring Hong Kong currency upon arrival and ensuring a fluid transit experience. As minibus services increasingly integrate with border checkpoints, community transit hubs, and broader railway networks, this streamlined payment infrastructure will be instrumental in enhancing cross-border travel convenience.
For operators, the Wonder Transit X platform centralizes fare configuration, transaction logging, and operational data analytics, substantially reducing administrative overhead. The system dynamically accommodates complex fare structures across varying routes, section fares, and passenger categories, supporting fare collection and management for various ticket types including adults, children and seniors. Leveraging robust digital transaction ledgers and backend administrative tools, operational teams can gain better insights into transaction and operational conditions across various routes, laying the groundwork for digital fleet management and service optimisation, ultimately elevating the experience for both frontline drivers and passengers.
Green minibuses under Koon Wing Motors now feature a new electronic payment system offering a wide range of payment methods including Weixin Pay, PayMe, UnionPay, UnionPay app, JCB, Visa, Mastercard, Discover, Diners and BOC Pay.
Wonder Transit X: “Any Payments. Any Transportation.”
Wonder Transit X is a comprehensive, all-in-one smart payment platform engineered specifically for the transit sector. Anchored by the product philosophy of “Any Payments. Any Transportation.”, it integrates passenger payment processing, fare routing rules, transaction confirmation, and fleet management into a single platform. The platform is designed to deliver a streamlined, intuitive, and secure payment experience for commuters, while empowering operators with robust tools for complex fare structures, transaction records, and day-to-day fleet operations. Beyond green minibuses, Wonder Transit X supports various modes of transport and integrates with existing transport systems, making it highly adaptable for taxis, ferries, and broader public transit applications.
Smart Upgrades for Green Minibuses: A Benchmark for Public Transit Digitalization
This cooperation illustrates the seamless expansion of smart transit platforms from fundamental payment gateways into comprehensive ticketing and operational management solutions. By unifying payment processing, fare structuring, and operational analytics, the platform fosters a more efficient, intelligent, and sustainable public transit model. This implementation will serve as a benchmark and operational blueprint for other public transport operators considering smart mobility solutions in the future.
Through this cooperation, Weixin Pay is extending its frictionless payment ecosystem deeper into daily commuting scenarios. Passengers utilizing Weixin Pay will benefit from the enhanced convenience of using their preferred payment option on designated green minibuses. Ultimately, this cooperation not only accelerates the digital transformation of Hong Kong’s green minibuses but also enhances cross-border mobility by optimizing the transit payment experience at border checkpoints. It simultaneously promotes the growth of Hong Kong's local payment ecosystem, cross-border payment convenience, and smart mobility services, injecting new momentum into Hong Kong's smart city development.
Green minibus routes operated by Koon Wing Motors serve vital port-adjacent communities, delivering a smart travel experience for cross-border passengers between Hong Kong and the Chinese Mainland.
Wonder: Committed to “Making Payments Simple” Through Technology
As a leading FinTech platform serving businesses in Hong Kong and the Asia-Pacific region, Wonder's mission is to "make payments simple", leveraging technology to simplify payment processing, collections, and capital management. The platform integrates online and offline collections, corporate accounts, digital payments, business expense management, transaction management, and digital financial services. Furthermore, it supports digital onboarding, e-KYC, instant settlement, and SME financing. Through these solutions, Wonder empowers businesses to maximize operational efficiency and expand their payment capabilities across diverse sectors, spanning business operations, public services, and daily mobility.
Backed by robust technological capabilities and a culture of innovation, Wonder has achieved notable milestones in recent years, including: secured a USD6 million Series A funding round led by Hong Kong Telecom (HKT) / PCCW in 2019; introduced the T+0 instant settlement for digital taxi payments in Hong Kong in 2023, accelerating daily fare reconciliation for drivers; recognized as the first FinTech firm authorized by the Hong Kong Transport Department to deploy digital payment acceptance infrastructure within taxis in 2024; appointed as Octopus's inaugural omnichannel payment service provider in Hong Kong, enabling merchants to accept Octopus and over 30 alternative payment methods seamlessly via a unified platform; and successfully raised a USD12 million venture debt from HSBC Innovation Banking in February 2026 to support business growth across the Asia-Pacific region and product development.
Please click here to download the high-resolution images.
About Wonder
Wonder is a leading payments and FinTech platform for merchants in Hong Kong and the Asia-Pacific region, dedicated to leveraging technology to simplify payment processing, collections, and capital management for businesses across all industries. The platform provides one-stop payment, capital management and digital financial solutions for merchants and enterprises of varying scales, encompassing online and offline collections, corporate accounts, digital payments, business expense management, transaction management, and instant settlement.
Wonder is Hong Kong’s first full-stack omnichannel payments platform, allowing merchants to complete KYC onboarding digitally in minutes, open an account, accept payments, pay digitally, and manage transactions, all from a single platform. Key products include Wonder App, Wonder Terminal, Wonder Dashboard, Wonder Card, Wonder Taxi, and Wonder Transit X.
Headquartered in Hong Kong, Wonder completed a USD 6 million Series A funding round led by Hong Kong Telecom (HKT) / PCCW and raised a USD 12 million venture debt from HSBC Innovation Banking. The Company has offices in Hong Kong, Japan, Taiwan, Singapore, Malaysia and the Chinese Mainland, continuously driving the advancement of payments, FinTech, and digital operational services across Asia. For more information, please visit https://wonder.app.
About Weixin Pay (WeChat Pay)
Weixin Pay is the mobile payment solution integrated within the Weixin/WeChat application and is one of China's leading mobile payment services. Its mission is to provide users and businesses with secure, convenient, and professional payment experiences. In China, Weixin Pay covers nearly every aspect of daily life, both online and offline. The cross-border Weixin Pay service is available in 78 countries and regions, supports 36 currencies, and covers a wide range of scenarios including restaurants, retail, transportation, tourist attractions, and education payments, helping international merchants effectively serve Chinese consumers. Visit https://pay.weixin.qq.com/
About Koon Wing Motors
Koon Wing Motors manages a comprehensive network of green minibuses across Hong Kong, serving as a long-standing transit provider for residents. Capitalizing on extensive expertise in green minibus fleet management and operations, Koon Wing Motors remains steadfastly committed to enhancing the accessibility and reliability of public transportation, delivering a seamless, frictionless commuting experience for local residents and cross-border passengers.
For media enquiries, please contact:
Frement Financial PR Team
Tel: (852) 9461 9199
Aug 20 · 02:45·ACN Newswire
Finance · SaaS
HONG KONG, August 20, 2026 - With the imminent inauguration of the new Huanggang Port, cross-border transport demand between Shenzhen and Hong Kong is set to rise further. To drive the digital transformation of Hong Kong’s green minibuses and facilitate cross-border travel between Hong Kong and the Chinese Mainland, Wonder (the “Company”), a leading FinTech and payments platform for merchants in Hong Kong and Asia-Pacific region, Weixin Pay, and Koon Wing Motors reached a cooperation intention at the “Hong Kong Minibus Smart Transit Cooperation Signing Ceremony” held on 18 August 2026. This cooperation marks a pivotal milestone in the integration of public transportation between Hong Kong and the Chinese Mainland. By deploying the Wonder Transit X smart mobility platform across Hong Kong’s green minibus network, the initiative will comprehensively drive innovation in smart payments, smart ticketing, and digital operations, delivering a seamless, frictionless commuting experience for local residents and cross-border passengers, further deepening the integration of FinTech with Hong Kong’s public transit sector.
Under the cooperation agreement, Wonder Transit X will be integrated into the green minibus fleet operated by Koon Wing Motors, seamlessly bridging Weixin Pay, Wonder’s smart mobility solutions, and the local green minibus network. In particular, routes servicing the new Huanggang Port will introduce Wonder Transit X to support a versatile array of electronic payment methods, including Weixin Pay, thereby streamlining cross-border commutes for both tourists and local residents. This cooperation will introduce various digital payment options and digital operational capabilities to these critical routes, elevating the passenger journey while empowering operators to optimize ticketing, transaction processing, and daily administrative efficiency. This deployment signifies the official expansion of Wonder Transit X into Hong Kong’s green minibus sector, laying a solid foundation for the digital transformation of local public transport.
Wayne Chen, Regional Head of Hong Kong, Macau and Taiwan, Weixin Pay, said, “Minibuses are a cornerstone of Hong Kong's transit infrastructure, essential for both the immersive travel experiences of tourists and the everyday needs of Greater Bay Area residents. We believe this cooperation with Koon Wing Motors will significantly optimize transit efficiency, eliminate the friction of cash handling, and digitally transform the 'last mile' of cross-border connectivity.”
Ma Kiu Sang, Director of Yan Yan Motors Ltd., a subsidiary of Koon Wing Motors, said, “To enhance the commuting experience for passengers utilizing our green minibuses post-clearance at the Heung Yuen Wai and new Huanggang ports, we have upgraded our fleet with a state-of-the-art digital payment system. In addition to Octopus, cross-border passengers can now pay fares using Weixin Pay, credit cards and a wide array of digital payment methods, making every journey smoother and more convenient.”
Jason Ngan, Founder and CEO of Wonder, said, “This cooperation underscores Wonder’s unwavering commitment to advancing smart city infrastructure through FinTech. By integrating Wonder Transit X into an expanding network of green minibuses, we are delivering more accessible, diversified, and globally recognized payment options to passengers, while injecting fresh impetus into the digital transformation of Hong Kong’s public transit system. Whether serving local residents, mainland visitors, or international tourists, our platform ensures everyone can utilize their preferred payment methods for a frictionless and inclusive travel experience. Given the intensifying cross-border connectivity, incorporating commonly used payment tools in the Chinese Mainland like Weixin Pay into minibus routes connecting port-adjacent communities directly addresses the pragmatic needs of cross-border passengers. We look forward to working with Weixin Pay and Koon Wing Motors to seamlessly integrate smart payment capabilities into the daily commutes of Hong Kong citizens and facilitating cross-border travel, further cementing Hong Kong's leading position as an international smart city.”
Wayne Chen (left), Regional Head of Hong Kong, Macau and Taiwan, Weixin Pay; Ma Kiu Sang (center), Director of Yan Yan Motors Ltd., a subsidiary of Koon Wing Motors; and Jason Ngan (right), Founder and CEO of Wonder, are pictured at the Hong Kong Minibus Smart Transit Cooperation Signing Ceremony.
Digitalizing Public Transit: Elevating the Passenger Experience and Operational Efficiency
Public transportation is an integral component of daily life in Hong Kong. In tandem with ongoing smart city initiatives, the digital transformation of public transit has become paramount. This cooperation will bring significant convenience to passengers on the relevant green minibus routes. Local residents, Mainland visitors and international travelers can seamlessly settle fares using a comprehensive suite of digital payment solutions tailored to their preferences, including Weixin Pay, PayMe, UnionPay, UnionPay app, JCB, Visa, Mastercard, Discover and Diners, and BOC Pay. This effectively eliminates the reliance on cash and exact change—a critical advantage during peak transit hours and short-haul journeys. Furthermore, digital payments ensure transparent transaction records and instant confirmation, granting passengers peace of mind and real-time visibility into their fare expenditures. Over the long term, this cooperation will drive the modernization of minibus services, aligning them more closely with the contemporary needs of the public.
Beyond serving local communities, this cooperation significantly refines the cross-border travel experience between Hong Kong and Chinese Mainland. Specific routes act as vital arteries connecting border communities, offering essential transit links for frequent cross-border travelers. Notably, as a flagship infrastructure project between Shenzhen and Hong Kong, the new Huanggang Port's connecting minibus routes will feature this diversified digital payment system. Mainland visitors can utilize familiar platforms such as Weixin Pay, mitigating the friction of acquiring Hong Kong currency upon arrival and ensuring a fluid transit experience. As minibus services increasingly integrate with border checkpoints, community transit hubs, and broader railway networks, this streamlined payment infrastructure will be instrumental in enhancing cross-border travel convenience.
For operators, the Wonder Transit X platform centralizes fare configuration, transaction logging, and operational data analytics, substantially reducing administrative overhead. The system dynamically accommodates complex fare structures across varying routes, section fares, and passenger categories, supporting fare collection and management for various ticket types including adults, children and seniors. Leveraging robust digital transaction ledgers and backend administrative tools, operational teams can gain better insights into transaction and operational conditions across various routes, laying the groundwork for digital fleet management and service optimisation, ultimately elevating the experience for both frontline drivers and passengers.
Green minibuses under Koon Wing Motors now feature a new electronic payment system supporting a wide range of payment methods including Weixin Pay, PayMe, UnionPay, UnionPay app, JCB, Visa, Mastercard, Discover and Diners, and BOC Pay.
Wonder Transit X: “Any Payments. Any Transportation.”
Wonder Transit X is a comprehensive, all-in-one smart payment platform engineered specifically for the transit sector. Anchored by the product philosophy of “Any Payments. Any Transportation.”, it integrates passenger payment processing, fare routing rules, transaction confirmation, and fleet management into a single platform. The platform is designed to deliver a streamlined, intuitive, and secure payment experience for commuters, while simultaneously empowering operators with robust tools for managing complex fare structures, transaction records, and day-to-day fleet operations. Beyond green minibuses, Wonder Transit X is also capable of supporting various modes of transport and integrating with existing transport systems, making it highly adaptable for taxis, ferries, and broader public transit applications.
Smart Upgrades for Green Minibuses: A Benchmark for Public Transit Digitalization
This cooperation illustrates the seamless expansion of smart transit platforms from fundamental payment gateways into comprehensive ticketing and operational management solutions. By unifying payment processing, fare structuring, and operational analytics, the platform fosters a more efficient, intelligent, and sustainable public transit model. This implementation will serve as a benchmark and operational blueprint for other public transport operators considering smart mobility solutions in the future.
Through this cooperation, Weixin Pay is extending its frictionless payment ecosystem deeper into daily commuting scenarios. Passengers utilizing Weixin Pay will benefit from the enhanced convenience of using their preferred payment option on designated green minibuses. Ultimately, this cooperation not only accelerates the digital transformation of Hong Kong’s green minibuses but also enhances cross-border mobility by optimizing the transit payment experience at border checkpoints. It simultaneously promotes the growth of Hong Kong's local payment ecosystem, cross-border payment convenience, and smart mobility services, injecting new momentum into Hong Kong's smart city development.
Green minibus routes operated by Koon Wing Motors serve vital port-adjacent communities, delivering a smart travel experience for cross-border passengers traveling between Hong Kong and the Chinese Mainland.
Wonder: Committed to “Making Payments Simple” Through Technology
As a leading FinTech platform serving businesses in Hong Kong and the Asia-Pacific region, Wonder's mission is to "make payments simple", leveraging technology to simplify payment processing, collections, and capital management. The platform integrates online and offline collections, corporate accounts, digital payments, business expense management, transaction management, and digital financial services. Furthermore, it supports digital onboarding, e-KYC, instant settlement, and SME financing. Through these solutions, Wonder empowers businesses to maximize operational efficiency and expand their payment capabilities across diverse sectors, spanning business operations, public services, and daily mobility.
Backed by robust technological capabilities and a culture of innovation, Wonder has achieved notable milestones in recent years, including: secured a USD6 million Series A funding round led by Hong Kong Telecom (HKT) / PCCW in 2019; introduced the T+0 instant settlement for digital taxi payments in Hong Kong in 2023, accelerating daily fare reconciliation for drivers; recognized as the first FinTech firm authorized by the Hong Kong Transport Department to deploy digital payment acceptance infrastructure within taxis in 2024; appointed as Octopus's inaugural omnichannel payment service provider in Hong Kong, enabling merchants to seamlessly accept Octopus and over 30 alternative payment methods via a unified platform; and successfully raised a USD12 million venture debt from HSBC Innovation Banking in February 2026 to support business growth across the Asia-Pacific region and product development.
Please click here to download the high-resolution images.
About Wonder
Wonder is a leading payments and FinTech platform for merchants in Hong Kong and the Asia-Pacific region, dedicated to leveraging technology to simplify payment processing, collections, and capital management for businesses across all industries. The platform provides one-stop payment, capital management and digital financial solutions for merchants and enterprises of varying scales, encompassing online and offline collections, corporate accounts, digital payments, business expense management, transaction management, and instant settlement.
Wonder is Hong Kong’s first full-stack omnichannel payments platform, allowing merchants to complete KYC onboarding digitally in minutes, open an account, accept payments, pay digitally, and manage transactions, all from a single platform. Key products include Wonder App, Wonder Terminal, Wonder Dashboard, Wonder Card, Wonder Taxi, and Wonder Transit X.
Headquartered in Hong Kong, Wonder completed a USD6 million Series A funding round led by Hong Kong Telecom (HKT) / PCCW and raised a USD12 million venture debt from HSBC Innovation Banking. The Company has offices in Hong Kong, Japan, Taiwan, Singapore, Malaysia and the Chinese Mainland, continuously driving the advancement of payments, FinTech, and digital operational services across Asia.
For more information, please visit https://wonder.app.
About Weixin Pay
Weixin Pay is the mobile payment solution integrated within the Weixin/WeChat application and is one of China's leading mobile payment services. Its mission is to provide users and businesses with secure, convenient, and professional payment experiences. In China, Weixin Pay covers nearly every aspect of daily life, both online and offline. The cross-border Weixin Pay service is available in 78 countries and regions, supports 36 currencies, and covers a wide range of scenarios including restaurants, retail, transportation, tourism attractions, and education payments - helping international merchants effectively serve Chinese consumers.
About Koon Wing Motors
Koon Wing Motors manages a comprehensive network of green minibuses across Hong Kong, serving as a long-standing transit provider for local residents. Capitalizing on extensive expertise in green minibus fleet management and operations, Koon Wing Motors remains steadfastly committed to enhancing the accessibility and reliability of public transportation, delivering a seamless, frictionless commuting experience for local residents and cross-border passengers.
For media enquiries, please contact:
Frement Financial PR Team
Tel: (852) 9461 9199
Aug 20 · 02:45·ACN Newswire
Finance · Automotive
New York, New York--(August 19, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Avis Budget Group, Inc. (NASDAQ: CAR), including those who bought Avis common stock to cover a short position, between February 20, 2025 and April 21, 2026, inclusive (the "Class Period"), of the important September 29, 2026 lead plaintiff deadline.SO WHAT: If you purchased Avis securities during the Class Period you may be entitled to compensation...
Aug 20 · 02:17·Newsfile
Finance · Automotive
Kitchener, Ontario--(August 19, 2026) - Alchemy Labs Inc. (TSXV: ALCH) ("Alchemy" or the "Company"), a Canadian nanotechnology company developing advanced protective solutions for the automotive and defence industries, today reported financial results for the three months ended June 30, 2026. All amounts are reported in Canadian dollars unless otherwise noted. Business Highlights (Three Months Ended June 30, 2026):Improved automotive product availability, supporting a return...
Aug 19 · 21:56·Newsfile
Finance · Automotive
New York, New York and New Orleans, Louisiana--(August 19, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Avis Budget Group, Inc. ("Avis" or the "Company") (NASDAQ: CAR) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased or otherwise acquired Avis securities (including those who bought Avis common stock to cover a...
Aug 19 · 20:31·Newsfile
Finance · Automotive
CAMPBELL, Calif., August 19, 2026--ChargePoint Holdings, Inc. (NYSE: CHPT) ("ChargePoint" or the "Company"), a leading provider of EV charging solutions, today announced it will release financial results for the second quarter of fiscal year 2027, which ended July 31, 2026, on September 2, 2026. ChargePoint will host a conference call to review the Company’s financial results at 1:30 p.m.
Aug 19 · 20:15·Business Wire
Automotive
Liberty County, Florida--(August 19, 2026) - Drive Wise Innovations has completed the rollout of 37 new electric vehicle chargers across Florida, adding more charging options for drivers and expanding the company's presence in the state's growing EV market.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8111/309886_c7a3ad9f64bfbb15_001full.jpgThe new chargers are now installed and operational. The project was carried out after...
Aug 19 · 19:40·Newsfile
Automotive
The award recognizes the companies for measured success in technology implementation and builds on a previous Brandon Hall Group™ award honoring innovation in talent mobility DENVER, Aug. 19, 2026 -- NBCUniversal (NBCU), in partnership with longtime global mobility partner...
Aug 19 · 17:43·PR Newswire
Automotive
ARLINGTON, Va., August 19, 2026--JEDEC Solid State Technology Association, the global leader in the development of standards for the microelectronics industry, today announced that it is hosting an Automotive Electronics Forum on September 17, 2026 in Santa Clara, CA. Advance registration is required and space is limited. For more information and registration, visit the JEDEC website.
Aug 19 · 17:00·Business Wire
Automotive · Sports
What happens when you combine the split-second intensity of a NASCAR® pit stop with the quick wit of one of YouTube’s most recognizable creators? You get PIT STOP TONIGHT – TOYOTA RACING’s new four-episode YouTube series that trades traditional driver interviews for fast-paced entertainment designed […]
The post Meet the Drivers Behind the Helmets in <em>TOYOTA RACING’s PIT STOP TONIGHT</em> appeared first on Toyota USA Newsroom.
Aug 19 · 13:58·Toyota
Finance · Healthcare
HONG KONG, August 19, 2026 - Hengrui Pharma (“Hengrui” or “the Company”) today announced its financial results for the first half of 2026. During the reporting period, innovative drugs remained the Company’s key growth driver, while globalization initiatives continued to validate the global value of Hengrui’s innovation portfolio.
Financial Highlights
In the first half of 2026, Hengrui reported revenue of RMB15.46 billion. Drug sales revenue was RMB13.95 billion, representing a year-over-year increase of 1.87%. Innovative drug sales increased by 16.38% year-over-year and accounted for 63.16% of total drug sales, with non-oncology innovative drug sales increasing by 73.97% year-over-year and emerging as an increasingly important growth driver.
Net profit attributable to shareholders of the listed company was RMB4.47 billion, up 0.34%. R&D investment totaled RMB4.61 billion, representing 29.8% of revenue.
Pipeline and Regulatory Highlights
Hengrui continued to advance its pipeline in China during the reporting period, obtaining seven innovation-related approvals, including two Class 1 innovative medicines, one Class 2 innovative medicine and four additional indications. At the end of the reporting period, nine marketing applications had been accepted for review by China’s National Medical Products Administration, while 17 clinical programs had advanced to Phase III, 22 to Phase II, and 10 innovative assets had entered Phase I clinical development.
Hengrui also reported progress across its metabolic pipeline. Two Phase III studies of ribupatide injection, a GLP-1/GIP dual receptor agonist, in China for type 2 diabetes reported positive topline results, supporting a planned NDA submission. HRS-7535, an oral small molecule GLP-1 receptor agonist, met all primary and key secondary endpoints at Week 44 in a China Phase III obesity study, with continued weight loss through Week 50 and mean body-weight reduction of up to 11.1%. An NDA submission is planned.
Global Partnerships and Business Development
Hengrui continued to advance its globalization strategy through diversified collaboration models. Since 2023, the Company has completed 13 overseas business development transactions, including out-licensing, NewCo and strategic alliances, with a total potential transaction value of approximately US$42 billion. These collaborations include leading global pharmaceutical companies such as BMS, GSK and others.
Among the diversified collaboration models Hengrui has explored, NewCo has also seen important progress in 2026. Kailera Therapeutics completed its Nasdaq IPO in April 2026, becoming one of the largest biotech IPOs at the time. Braveheart Bio also successfully listed on the Nasdaq Global Market on August 6, 2026.
Scientific Recognition
During the reporting period, 204 research findings related to Hengrui products were published in academic journals and received international recognition. Hengrui participated in the American Society of Clinical Oncology Annual Meeting for the 16th consecutive year, with 91 studies accepted, including 11 oral presentations—a new high for the Company. Research in non-oncology areas was also presented at major international congresses, including the American Diabetes Association, International Stroke Conference, World Congress of Nephrology, American College of Cardiology, American Academy of Dermatology, and European Alliance of Associations for Rheumatology.
Outlook
Looking ahead, Hengrui will continue to advance its innovation and globalization strategy, while further pursuing its dual-growth strategy across oncology and chronic diseases. The Company will strengthen its global R&D capabilities, pursue diversified international collaboration models, and continue to focus on delivering sustainable long-term value and bringing more high-quality innovative therapies to patients worldwide.
Aug 19 · 12:43·ACN Newswire