Hong Kong’s defense of its currency peg will likely boost the interbank liquidity pool to a level unseen in two years, lowering local borrowing costs and weakening its dollars.As authorities sell the ... ( read original story ...)
Hong Kong insurtech startup OneDegree launches its first product, medical coverage for pets
OneDegree, the Hong Kong-based insurance technology startup, launched its first product today, a line of medical plans for pets called Pawfect Care. The company will introduce other products, ... ( read original story ...)
Megvii is thinking of listing on China’s NASDAQ
Why it matters: Megvii was initially planning a Hong Kong IPO but the company’s inclusion on the US’ so-called Entity List and the coronavirus outbreak have presented significant roadblocks. Megvii ... ( read original story ...)
Stocks Mixed as Hong Kong Rally Fizzles; Oil Gains: Markets Wrap
Stocks in Asia were mixed as early gains in Chinese markets evaporated, with investors assessing the extent of the recent rally in global shares against more evidence of the severe impact from the ... ( read original story ...)
Hong Kong Bourse May Reclaim 24,000-Point Level
The Hong Kong stock market on Wednesday ended the two-day slide in which it had tumbled more than 580 points or 2.4 percent. The Hang Seng Index now sits just beneath the 23,900-point plateau and it's ... ( read original story ...)
Hong Kong Political Crisis Deepens Despite Protest Lull During Virus
A roundup of Hong Kong pro-democracy activists and a row over the powers of Beijing's office in the city have deepened the political crisis engulfing the financial hub even as a coronavirus lockdown ... ( read original story ...)
This man is just 9 countries away from visiting every nation in the world without flying. But he’s stuck in Hong Kong due to Covid-19
Torbjørn "Thor" Pedersen is on a mission to visit every country in the world on a non-stop journey, without taking a single flight. There's only one problem: He's stuck in Hong Kong due to Covid-19. ( read original story ...)
How Hong Kong Flattened the Curve Without Total Lockdown
The city is seeing early signs of life returning to normal amid the coronavirus pandemic. But experts say it’s still too soon to loosen restrictions. ( read original story ...)
Opportunities and Risks in Hong Kong’s Cards & Payments Market to 2023 – ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Hong Kong Cards & Payments: Opportunities and Risks to 2023" report has been added to ResearchAndMarkets.com's offering. This report provides detailed analysis of market ... ( read original story ...)
Hong Kong Extends Social Distancing Measures Despite Drop In COVID-19 Cases
Hong Kong will extend its social-distancing measures for another two weeks, leader Carrie Lam announced Tuesday, a day after the authorities announced no new cases for the first time since the start ... ( read original story ...)
The Pandemic Is Cover for a Crackdown in Hong Kong
The Pandemic Is Cover for a Crackdown in Hong Kong The Pandemic Is Cover for a Crackdown in H... When COVID-19 broke out in China this year, Hong Kong was on the front lines. It was not an unfamiliar ... ( read original story ...)
Coronavirus: Hong Kong’s business sector puts its efforts into the fight against pandemic
Among them is HSBC, which is to donate more than HK$60 million (US$7.7 million) to benefit 600,000 people after its controversial decision to cancel dividends angered many shareholders. Those with ... ( read original story ...)
Hong Kong downgrades to AA- rating with a ‘stable’ outlook amid virus: Fitch Ratings
Andrew Fennell of Fitch Ratings discusses Hong Kong's downgraded rating, citing the coronavirus pandemic as its "second major economic shock" in the last twelve months. The senior director of ... ( read original story ...)
Hong Kong Charges Teens With Murder Tied to Protests
Charges related to a man who was hit on the head by a brick thrown during an antigovernment protest last year is the most serious criminal indictment yet over the unrest. ( read original story ...)