Hong Kong’s economy shrank by 9% from a year earlier in the latest quarter, hurt by the coronavirus pandemic and facing more potential damage from the loss of U.S. trade ... ( read original story ...)
Tokyo, Sydney Aim to Lure Edgy HK Financial Firms, but Singapore a Top Draw
High taxes and costs, bloated bureaucracies and cultural differences in some of these Asia-Pacific nations present formidable challenges for the Hong Kong financial institutions to relocate even ... ( read original story ...)
Hong Kong ‘on brink of large-scale’ coronavirus outbreak
Hong Kong's leader Carrie Lam has warned the city is on the brink of a "large-scale" coronavirus outbreak that could overwhelm hospitals, urging people to stay indoors as much as possible as strict ... ( read original story ...)
Hong Kong is ‘on the verge’ of an outbreak that could lead to hospital system’s collapse, chief executive says
Confirmed cases in Hong Kong have soared in July, with a new daily high of 145 reported this week alone. "We are on the verge of a large-scale community outbreak, which may lead to a collapse of our ... ( read original story ...)
Hong Kong Bourse Tipped To Open Under Pressure
BOC Hong Kong dropped 0.68 percent, AIA Group climbed 0.55 percent, Hong Kong &China Gas shed 0.37 percent, CSPC Pharmaceutical lost 0.26 percent, CNOOC advanced 0.23 percent, China Life Insurance ... ( read original story ...)
Hong Kong, China stocks climb; HSBC surges as investors buy shares beaten to record low as bank is dragged into Huawei fight
Wuxi Biologics, a Chinese drug maker, shot up after forecasting its net profit will jump by 58 per cent in the first half of the year from the same period last year. ( read original story ...)
Hong Kong official warns of potential virus outbreak, urges people to stay indoors
Hong Kong leader Carrie Lam warned of the potential of a large COVID-19 outbreak in the city and encouraged residents to stay indoors as new restrictions take effect in the city."We are on the verge ... ( read original story ...)
Hong Kong University sacks veteran democracy activist
The University of Hong Kong (HKU) on Tuesday sacked veteran pro-democracy activist Benny Tai from his tenured position as an associate professor of law, a move he called "the end of academic freedom" ... ( read original story ...)
Fund Scandal Was ‘Wake-Up Call’ for Noah’s Shadow-Banking Shift
Noah Holdings Ltd. was a poster child for the dangers lurking in China’s $8 trillion shadow banking system. Now it’s at the fore of a historic shift in Chinese asset management, one that policy makers ... ( read original story ...)
Coronavirus: Hong Kong implements strict measures amid new cases
Hong Kong confirmed another 106 coronavirus cases on Tuesday and reported its 23rd overall death. A record 145 cases were recorde ... ( read original story ...)
Trump signs bill to sanction China over treatment of Hong Kong
President Trump has announced that he signed the Hong Kong Autonomy Act to hold China accountable for its treatment of Hong Kong as well as an executive order to stop Hong Kong from receiving ... ( read original story ...)
Hong Kong moves to create regional hub for insurance-linked securities
Hong Kong is on track to soon join the UK and Singapore as newly minted hubs for insurance-linked securities. This is a field long dominated by offshore jurisdictions such as Berm ... ( read original story ...)
Hong Kong brings in tough new virus measures
Hong Kong is introducing some of its toughest measures yet to control the coronavirus, following a sustained peak in new cases. From Wednesday, dining in restaurants is banned and only two people from ... ( read original story ...)
Pandemic gives Hong Kong’s rulers a reason to delay vote
The Hong Kong government is poised to postpone elections for the city parliament, where the pro-Beijing majority was under threat, blaming a resurgence of coronavirus.Pro-Beijing politicians have ... ( read original story ...)