【明報專訊】Hong Kong's home-grown "unicorn" company SenseTime has postponed its listing in the city after being subjected to US sanctions. The company has emphasised that it remains committed to completing the global offering and the listing soon. If what needs to be handled involves only technical details like publishing a supplemental prospectus and so on, it is believed that the initial public offering (IPO) can be relaunched shortly. However, some institutional investors will inevitably pay more attention to the factor of political risks because of this incident. It remains to be seen whether the scale of fundraising would be affected as a result. Amid the fierce rivalry between China and the US, endless battles have broken out over finance and technology. SenseTime is the largest artificial intelligence (AI) software company in Asia. Washington's ban on the purchase of SenseTime's shares by Americans and institutional investors is a move that hampers the company's financing and development, highlighting the trend of China-US decoupling. While Hong Kong is determined to develop innovative technology, the SenseTime incident proves once again that the White House will not distinguish Hong Kong from the mainland in order to bash China. It is no longer possible for Hong Kong to have bread buttered on both sides. Given the latest international situation, it is needed more than ever for the city to participate proactively in the internal circular development of its country.