Hong Kong cut its economic outlook for the year on Friday, saying a recovery from recession depended on how fast it can get a new wave of coronavirus infections under control. ( read original story ...)
China’s national security law triggering radical transformation of Hong Kong’s human rights
Despite pledges from top Hong Kong officials that the draconian national security law, which contains 66 articles and criminalizes succession and subversion, to terrorism and collusion, would only ... ( read original story ...)
Hong Kong second-quarter GDP shrinks 9% year-on-year, full-year outlook downgraded
Hong Kong's economy shrank 9.0% in the second quarter compared with a year earlier, the government said on Friday, as the coronavirus pandemic continued to severely hit the city. ( read original story ...)
Hong Kong’s economy contracts 9% on-year in the second quarter, cuts full-year GDP forecast
Hong Kong reported its fourth consecutive quarter of year-over-year economic contraction, official statistics showed Friday. ( read original story ...)
‘Made in China’ label ruling hits a raw nerve in Hong Kong
The U.S. customs move signals a bumpy path ahead for the financial hub as countries increasingly treat the territory as just another Chinese city. ( read original story ...)
‘Ambiguity’ of Hong Kong national security law causes concern for U.S. businesses: AmCham HK
The national security law in Hong Kong is 'wide in scope,' which makes its implementation hard to understand, says Tara Joseph, president of the American Chamber of Commerce in Hong Kong. ( read original story ...)
Google to end responding directly to data requests from Hong Kong authorities – newspaper
Alphabet Inc's Google will stop responding directly to data requests from Hong Kong authorities, the Washington Post reported on Friday, citing an unnamed person familiar with the matter. ( read original story ...)
Evergrande sells property management unit stake for $3 billion ahead of possible IPO
China Evergrande Group said it sold 28% of a property management unit for HK$23.5 billion ($3 billion), bringing in strategic investors ahead of a possible IPO for the unit. ( read original story ...)
‘I Should Be Presumed Innocent.’ Hong Kong Media Tycoon Jimmy Lai Criticizes His Arrest
He said Hong Kong’s future as Asia’s main financial hub was uncertain if there was no respect for the rule of law under the new security measures ... ( read original story ...)
Hong Kong co-working operator theDesk, Kerry Hotel start profit-sharing venture to beat pandemic-driven slowdown
The coronavirus pandemic is forcing hotels and co-working space operators to collaborate in a whole new way, one that involves profit sharing instead of the traditional tenant-landlord relationship. ( read original story ...)
AI Unicorn SenseTime Is Said to Mull Hong Kong, China IPO
SenseTime Group Ltd., China’s largest artificial intelligence company, is exploring a dual listing in Hong Kong and China as it closes in on $1.5 billion of pre-IPO financing, according to people ... ( read original story ...)
Google ends direct cooperation with Hong Kong authorities on data requests
U.S. tech companies earlier halted reviews of data requests from the territory’s officials while assessing the human rights implications of a new national security law. ( read original story ...)
Continued Consolidation Called For Hong Kong Stock Market
The Hong Kong stock market on Thursday halted the two-day winning streak in which it had advanced more than 850 points or 2.9 percent. The Hang Seng Index now rests just above the 25,230-point plateau ... ( read original story ...)
Largest Chinese IPO of 2020 KE Holdings bags biggest billion-dollar pop since 2000
China's largest housing platform operating under the Lianjia and Beike brands, raised $2.1 billion in the largest US IPO from a Chinese issuer since 2018 and posted the best first-day pop for a ... ( read original story ...)