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Month: September 2020

Posted on 10/09/2020

Yum China Has Hong Kong’s Weakest Debut in More Than a Year

Yum China Holdings Inc. recorded the worst stock debut in more than a year among billion-dollar listings in Hong Kong. ( read original story ...)

Posted on 10/09/2020

Hong Kong police arrest 15 people over Next Digital stock surge

The surge began on August 10 as activists piled in to Next Digital’s normally thinly traded stock following Mr Lai’s arrest and a raid on the offices of Next-owned Apple Daily. The popular tabloid is ... ( read original story ...)

Posted on 10/09/2020

Disney’s ‘Mulan’ sparks backlash over Xinjiang, Hong Kong

Walt Disney Co's release of "Mulan", which is set in China and meant to appeal to audiences there, has provoked a backlash on social media over its star's support of Hong Kong police and for being ... ( read original story ...)

Posted on 10/09/2020

Hong Kong police hold 15 people over Next Digital share price surge

Move follows mass buying of shares in show of support for firm’s owner, Jimmy Lai, when he was arrested last month ... ( read original story ...)

Posted on 10/09/2020

Yum China shares tumble more than 5% as it debuts in Hong Kong

Yum China, which operates fast food restaurants KFC, Taco Bell and Pizza Hut in China, raised $2.22 billion by selling 41.9 million shares at 412 Hong Kong dollars ($53.16) apiece. ( read original story ...)

Posted on 10/09/2020

U.S. Government Sells a Hong Kong Compound For $332 Million

The U.S. government agreed to sell a compound for consulate staff in one of Hong Kong’s most exclusive residential areas to a local developer for nearly a third of a billion dollars. ( read original story ...)

Posted on 10/09/2020

‘We know where your parents live’: Hong Kong activists say Canadian police helpless against online threats

Activists working to defend Hong Kong's democracy say police in Canada appear to be helpless against what they call a campaign of harassment and threats against them by supporters of the Chinese state ... ( read original story ...)

Posted on 10/09/2020

‘Not a great day’ for Yum China’s IPO debut in Hong Kong: BOCOM International

Yum China's initial public offering debut in Hong Kong could have had its valuation referenced from its U.S.-listed entity, says Hao Hong from the Bank of Communications International. ( read original story ...)

Posted on 10/09/2020

Hong Kong shares track mainland stocks lower as China start-ups drag

Hong Kong shares retreated in the afternoon session to finish lower on Thursday, tracking broad weakness in the mainland market dragged down by a slump in China's start-up stocks. ** At the close of ... ( read original story ...)

Posted on 10/09/2020

Hong Kong’s financial future tied to Greater Bay Area growth, rising mainland China incomes, panel says

The potential for future growth in the Greater Bay Area (GBA) and rising incomes in mainland China will help Hong Kong maintain its role as an attractive destination for international investors and ... ( read original story ...)

Posted on 10/09/2020

Hong Kong police detain 15 over multimillion-dollar manipulation of Next Digital stock, after Jimmy Lai arrest

Hong Kong police have arrested 15 individuals on suspicion of manipulating the share price of media group Next Digital, which saw its stock soar after its founder, Jimmy Lai Chee-ying, was detained ... ( read original story ...)

Posted on 10/09/2020

Hong Kong Wins More Listings of U.S.-Traded Chinese Firms

The tally of U.S.-listed Chinese companies securing alternative listings in Hong Kong grew, as stock in China’s largest restaurant group started trading in the city and a major hotel chain began ... ( read original story ...)

Posted on 10/09/2020

Hong Kong facing slight rebound in new Covid-19 cases, day before city relaxes some social-distancing rules

Hong Kong is facing about 12 new Covid-19 cases on Thursday, the day before the city relaxes some of its social-distancing measures. If confirmed, that would be the same number as the two previous ... ( read original story ...)

Posted on 10/09/2020

HSBC plans to eliminate more banking fees in Hong Kong as virtual lenders disrupt troubled industry

HSBC plans to trim a host of banking fees from November for many of its retail customers to fend off competition from virtual banks. Rival lenders are likely to respond, pressuring margins in an ... ( read original story ...)

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