Liu Sheng, Chairman and CEO of Zhongji Innolight (C) toasts HKEX CEO Bonnie Chan (L) and Hong Kong's Acting Financial Secretary Michael Wong (R) at the launch of the company's initial public offering (IPO) at the Hong Kong Exchanges and Clearing Limited (HKEX) in Hong Kong on July 30, 2026. (Photo by Peter PARKS / AFP via Getty Images)

The logo of Zhongji Innolight is seen at the launch of the company's initial public offering (IPO) at the Hong Kong Exchanges and Clearing Limited (HKEX) In Hong Kong on July 30, 2026. (Photo by Peter PARKS / AFP via Getty Images)

(FILES) A box of the Italian alcoholic aperitif Campari is pictured on the production line in the Campari Group facility in Novi Ligure, near Alessandria, northern Italy, on July 21, 2026. Whether made with Aperol, Campari or Sarti, the spritz has rapidly established itself on terraces across Europe -- with Italy's Campari Group now hoping to conquer the heart of America. (Photo by Marco Bertorello / AFP via Getty Images)

(FILES) A worker packs bottles of Italian alcoholic aperitif Aperol on the production line in the Campari Group facility in Novi Ligure, near Alessandria, northern Italy, on July 21, 2026. Whether made with Aperol, Campari or Sarti, the spritz has rapidly established itself on terraces across Europe -- with Italy's Campari Group now hoping to conquer the heart of America. (Photo by Marco Bertorello / AFP via Getty Images)

(FILES) Boxes of the Italian alcoholic aperitif Campari Soda are pictured on the production line in the Campari Group facility in Novi Ligure, near Alessandria, northern Italy, on July 21, 2026. Whether made with Aperol, Campari or Sarti, the spritz has rapidly established itself on terraces across Europe -- with Italy's Campari Group now hoping to conquer the heart of America. (Photo by Marco Bertorello / AFP via Getty Images)

(FILES) This photograph shows the production line of Italian aperitif Aperol in the Campari Group facility in Novi Ligure, near Alessandria, northern Italy, on July 21, 2026. Whether made with Aperol, Campari or Sarti, the spritz has rapidly established itself on terraces across Europe -- with Italy's Campari Group now hoping to conquer the heart of America. (Photo by Marco Bertorello / AFP via Getty Images)

(FILES) Boxes of the Italian alcoholic aperitif Campari are pictured on the production line in the Campari Group facility in Novi Ligure, near Alessandria, northern Italy, on July 21, 2026. Whether made with Aperol, Campari or Sarti, the spritz has rapidly established itself on terraces across Europe -- with Italy's Campari Group now hoping to conquer the heart of America. (Photo by Marco Bertorello / AFP via Getty Images)

(FILES) A worker holds bottles of Italian alcoholic aperitif Aperol on the production line in the Campari Group facility in Novi Ligure, near Alessandria, northern Italy, on July 21, 2026. Whether made with Aperol, Campari or Sarti, the spritz has rapidly established itself on terraces across Europe -- with Italy's Campari Group now hoping to conquer the heart of America. (Photo by Marco Bertorello / AFP via Getty Images)