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Month: July 2020

Posted on 08/07/2020

The tech industry comes to grips with Hong Kong’s national security law

Defour used to make frequent stops at a battery manufacturer in southern China for his energy startup based in Hong Kong. The appeal of Hong Kong, he said, is its adjacency to the plentiful ... ( read original story ...)

Posted on 08/07/2020

Hong Kong Reports 19 Local Virus Cases as Resurgence Fears Grow

Hong Kong reported a second day of rising local infections, disrupting a long virus-free stretch that had allowed life in the Asian financial hub to largely return to normal. ( read original story ...)

Posted on 08/07/2020

China’s grip on Hong Kong eroding its status as financial hub, investors believe

Money has already started leaving Hong Kong, with US$5bn quitting the territory last year, according to Bank of England figures Riot police after the passing of the national security law in Hong Kong. ( read original story ...)

Posted on 08/07/2020

Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion, sources say

Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the ... ( read original story ...)

Posted on 08/07/2020

U.K. Jobs Plan, Hong Kong Peg, Supply Chain Managers: Eco Day

Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: ... ( read original story ...)

Posted on 08/07/2020

China Opens New National Security Agency Headquarters in Hong Kong

The inauguration came as Hong Kong’s education bureau announced Wednesday that schools must not allow students to play, sing or broadcast the protest anthem “Glory to Hong Kong” because it contains ... ( read original story ...)

Posted on 08/07/2020

Hong Kong stocks mixed as market bulls weigh IPO outlook, fallout from new Covid-19 infections and security law

Chinese pharmaceutical company Shenzhen Hepalink Pharmaceutical Group slipped 4.2 per cent to HK$17.62 on its listing debut in Hong Kong. Three other IPOs – Qingdao Kutesmart Company, Nanjing Develop ... ( read original story ...)

Posted on 08/07/2020

HSBC Slumps as U.S. Weighs Moves to Punish Hong Kong Banks

(Bloomberg) -- HSBC Holdings Plc, which draws more than two-thirds of its pretax income from Hong Kong, slumped in early trading after a report that the U.S. is mulling a move to punish banks in the ... ( read original story ...)

Posted on 08/07/2020

Hong Kong inaugurates Beijing’s national security office

Beijing’s national security office was inaugurated in Hong Kong on Wednesday, just over a week after China's central government imposed a tough new law on the city that ... ( read original story ...)

Posted on 08/07/2020

Silicon Valley Wakes Up to Its Hong Kong Conundrum

Why did the passage of a sweeping new security law in Hong Kong prompt TikTok, a Chinese video service, to announce it was pulling out of the territory, while ... ( read original story ...)

Posted on 08/07/2020

U.S. Peg Threat Throws Another Test at Hong Kong’s Hardy Markets

The strengths that make Hong Kong appealing as an international financial center are increasingly coming under fire as Beijing and Washington escalate a damaging strategic fight. ( read original story ...)

Posted on 08/07/2020

Trump Aides Weigh Proposals to Undermine Hong Kong’s Dollar Peg

Some top advisers to President Donald Trump want the U.S. to undermine the Hong Kong dollar’s peg to the U.S. dollar as the administration considers options to punish China for recent moves to chip ... ( read original story ...)

Posted on 08/07/2020

Hong Kong security law: New office inaugurated in Hong Kong

The office is one element of a sweeping new law which outlaws criticism of China's government. Hong Kong was, until the law was passed, the only part of China not subject to such policies. The law has ... ( read original story ...)

Posted on 08/07/2020

‘Our spirit will never be crushed’: Hong Kong activists vow to keep fighting despite new laws

Joshua Wong, Lee Cheuk-yan and James To say they have no choice but to oppose draconian legislation imposed by Beijing ... ( read original story ...)

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