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Month: May 2020

Posted on 04/05/2020

Hong Kong falls about 4% as US-China tensions weigh on investor sentiment

Tensions are rising between Washington and Beijing, as U.S. President Donald Trump said Sunday that he believed that a "mistake" in China was the cause of the spreading coronavirus pandemic. ( read original story ...)

Posted on 04/05/2020

Hong Kong recession deepens further, first-quarter GDP shrinks 5.3% quarter-on-quarter

Hong Kong's recession deepened in the first quarter as the coronavirus pandemic dealt a heavy blow to business activity, already in decline following months of often violent anti-government protest ... ( read original story ...)

Posted on 04/05/2020

HSBC to buy out life insurance joint venture partner in China

HSBC Holdings PLC said on Monday its insurance unit had agreed to acquire its China life insurance venture partner's 50% stake to own fully the company under the new rules on foreign ownership that ... ( read original story ...)

Posted on 04/05/2020

Hong Kong recession deepens further, first-quarter GDP shrinks 5.3%

Hong Kong's recession deepened in the first quarter as the coronavirus pandemic dealt a heavy blow to business activity, already in decline following months of often violent anti-government protest ... ( read original story ...)

Posted on 04/05/2020

Hong Kong online brokerage banks on US parent as it targets younger traders with app-based services

Online brokerage start-up SoFi Hong Kong is banking on its new San Francisco-based parent to grow its customer base, especially among traders in their 20s and 30s, at a time when bricks-and-mortar ... ( read original story ...)

Posted on 04/05/2020

How Is the Virus Outbreak Affecting Hong Kong Airlines?

Luya You, transportation analyst at Bocom International, discusses how the coronavirus outbreak is affecting Hong Kong and mainland China airlines. She speaks with Tom Mackenzie and Yvonne Man on ": ... ( read original story ...)

Posted on 04/05/2020

Hong Kong Gaming Firm Leyou Tech Gets a New Buyout Offer

Leyou Technologies Holdings Ltd. has received a new non-binding takeover offer from a Shenzhen-listed rival gaming firm, according to people familiar with the matter.Zhejiang Century Huatong Group Co. ( read original story ...)

Posted on 04/05/2020

Explainer: Hong Kong police top brass embroiled in property scandals

The Hong Kong police force has come under public scrutiny after three senior officers were alleged to have broken land and housing laws. The controversy surrounded Rupert Dover, a British-born officer ... ( read original story ...)

Posted on 04/05/2020

Nongfu Spring plans $1 bln Hong Kong IPO as city’s capital markets start to recover

Chinese bottled water manufacturer Nongfu Spring is pressing ahead with its Hong Kong initial public offering (IPO) worth up to $1 billion, as the city's capital markets show signs of reviving ... ( read original story ...)

Posted on 04/05/2020

Citi names veteran Rizvi as APAC corporate banking head: memo

Citigroup Inc has named veteran banker Kaleem Rizvi as its Asia Pacific head of the corporate banking business, according to an internal memo reviewed by Reuters on Monday. ( read original story ...)

Posted on 04/05/2020

Hong Kong falls nearly 4% as US-China tensions weigh on investor sentiment

Tensions are rising between Washington and Beijing, as U.S. President Donald Trump said Sunday that he believed that a "mistake" in China was the cause of the spreading coronavirus pandemic. ( read original story ...)

Posted on 04/05/2020

Convicted Vietnam refugee fights deportation after 30 years in Hong Kong

Three decades after he landed on Hong Kong shores as a child refugee, Vo Van Hung is fighting efforts to deport him to Vietnam now that he has finished a lengthy jail sentence -- for murder. Vu Van ... ( read original story ...)

Posted on 04/05/2020

Coronavirus: every Hong Kong resident to get a reusable mask as city turns corner in pandemic fight to start gradual easing of Covid-19 curbs

Hong Kong government plan to mask city’s 7.5 million population for free set for roll-out next week with preparations ‘at final stage’. ( read original story ...)

Posted on 04/05/2020

Hong Kong’s Exchange Fund suffers $11 billion losses in first quarter

Hong Kong's Exchange Fund suffered losses of HK$86.1 billion ($11.11 billion) in the first quarter of 2020, central bank Hong Kong Monetary Authority told local lawmakers in a regular briefing on ... ( read original story ...)

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