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Month: April 2020

Posted on 29/04/2020

Hong Kong facing greater financial crisis than in 2008 or 1999 warns city’s finance chief, as he predicts ‘long-lasting’ impact of coronavirus

Financial Secretary Paul Chan says economy could shrink by between four and seven per cent, as he says impact of coronavirus will be ‘more serious and long-lasting’ than first thought. ( read original story ...)

Posted on 29/04/2020

JD.com applies for $3 billion Hong Kong secondary listing: sources

HONG KONG (Reuters) - Chinese e-commerce retailer JD.com is pressing ahead with plans for a secondary listing in Hong Kong within the next few months despite the coronavirus pandemic still roiling ... ( read original story ...)

Posted on 29/04/2020

Hong Kong home prices edge up in March, but analysts say pressure remains

Hong Kong private home prices reversed a fall in March to edge up 0.4%, as bargain-hunting drove transaction volumes to a four-month high, but analysts cautioned the improvements did not signal the ... ( read original story ...)

Posted on 29/04/2020

JD Is Said to File for $2 Billion Hong Kong Second Listing

(Bloomberg) -- Chinese e-commerce giant JD.com Inc. has filed confidentially for a second listing in Hong Kong, according to people with knowledge of the matter, joining rival Alibaba in tapping the ... ( read original story ...)

Posted on 29/04/2020

JD Is Said to File for $2 Billion Hong Kong Listing

(Bloomberg) -- JD.com Inc., the Chinese e-commerce site, has filed confidentially for a second listing in Hong Kong, according to people with knowledge of the matter.The offering could raise at least ... ( read original story ...)

Posted on 29/04/2020

Hong Kong to Reopen Public Facilities as Virus Cases Dwindle

Hong Kong announced plans to reopen government offices and some public facilities, as Chief Executive Carrie Lam took cautious steps to get the city back to work amid the threat of further coronavirus ... ( read original story ...)

Posted on 29/04/2020

China’s new ‘rule of law’ in Hong Kong sets stage for new protests

China's interpretation of the 'rule of law' governing Hong Kong is likely to further incite protesters following the arrest of activists. ( read original story ...)

Posted on 29/04/2020

Asia Stocks Set to Start Mixed; Treasuries Climb: Markets Wrap

Stocks in Asia were poised for a mixed start on Wednesday after a volatile U.S. session that saw equities slip and Treasuries climb amid a slide in consumer confidence and as more companies withdrew ... ( read original story ...)

Posted on 29/04/2020

Hong Kong airport brings in cleaning robots and disinfection booth

Hong Kong International Airport has provided a glimpse into what post-coronavirus airport procedures might look like once we're traveling again, and a lot of disinfection technologies are involved. ( read original story ...)

Posted on 29/04/2020

Hong Kong announces some services set to reopen May 4

Some public services in Hong Kong are set to resume on Monday, when thousands of the city's civil servants head back to work, Hong Kong Leader Carrie Lam Cheng Yuet-ngor said. ( read original story ...)

Posted on 28/04/2020

HSBC sees mounting credit losses after pandemic halves first-quarter profit

HSBC Holdings PLC on Tuesday warned of more earnings pain ahead after first-quarter profit nearly halved as it set aside a hefty $3 billion in bad loan provisions due to the coronavirus pandemic. ( read original story ...)

Posted on 28/04/2020

Hong Kong’s January-March unemployment rises to 4.2%, highest in more than nine years

Hong Kong's seasonally adjusted unemployment rate rose to 4.2% in the January to March period, the highest in more than nine years, as the coronavirus restricted activity in an economy already in ... ( read original story ...)

Posted on 28/04/2020

Hong Kong Preparing to Re-Open Public Facilities, Leader Says

Hong Kong government employees will start returning to work May 4 and the city is preparing to reopen public facilities that have been closed during the coronavirus pandemic, leader Carrie Lam said. ( read original story ...)

Posted on 28/04/2020

Top AI startup SenseTime inks deal with China’s digital currency research institute

SenseTime, the world’s most-valued artificial intelligence (AI) startup with over $7.5 billion valuation, has signed a cooperation agreement with China’s Digital Currency Research Institute.The post T ... ( read original story ...)

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