While one tier down in wealth terms, Asia’s affluent classes are also multiplying, as economic development spreads far and wide. While the Covid-19 pandemic has clouded economic predictions, ... ( read original story ...)
Ant Is Said to Face Slim Chance of Getting IPO Done in 2021
The chances that Jack Ma’s Ant Group Co. will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, according to ... ( read original story ...)
Hang Seng Index hits nine-month high as Chinese industrial profit report reassures investors mainland recovery is under way
Hong Kong and mainland China stocks both gained, with the city's benchmark closing at a nine-month high, as an acceleration in profit growth for industrial companies added to evidence that a recovery ... ( read original story ...)
HSBC Contemplates Complete Exit From U.S. Retail Banking
HSBC Holdings Plc is considering offloading its U.S. retail network. The bank’s management is looking at a complete withdrawal from its retail operations in the country, although a full exit from ... ( read original story ...)
HSBC shares surge by half in two months as hopes of Covid-19 vaccine rekindle investors’ appetite for old-economy stocks
Shares of HSBC Holdings have gained by almost half in the past two months as positive news about several Covid-19 vaccines has rekindled an appetite for stocks likely to pick up once the pandemic is ... ( read original story ...)
Hong Kong’s leader has ‘piles of cash’ at home after US sanctions
Hong Kong’s leader has said she is being forced to receive her salary in cash because of US sanctions, saying she has no access to banking services despite the prevalence of mainland Chinese ... ( read original story ...)
Anger Grows at Hong Kong’s Erratic Covid Rules as Cases Jump
As Hong Kong battles a new wave of coronavirus infections with yet another round of social restrictions, a sense of fatigue with the confusing and inconsistent nature of the city’s pandemic response ... ( read original story ...)
In aftermath of Hong Kong protests, top cop’s biggest challenge is fighting police smears amid rising crime rate
On November 3, construction worker Poon Yung-wai was sentenced to 160 hours of community service for spreading rumours online that police officers molested and raped women held at the San Uk Ling ... ( read original story ...)
Lam Wing-kee: ‘If they can take Hong Kong back, the next place I feel is Taiwan’
Bookseller who fled Hong Kong for Taiwan speaks of the danger the island faces and the ordeal of his detention in China ... ( read original story ...)
Chinaccelerator names 6 SaaS startups in 18th cohort
The chosen startups leverage AI and blockchain technology to build SaaS products aimed to disrupt the fintech, insurtech, legaltech, and media industries. ( read original story ...)
Hong Kong leader Carrie Lam keeps salary in ‘piles of cash’ because of US sanctions
The chief executive of Hong Kong has said she keeps her half-million-pound salary at home in “piles of cash” because she has no bank account after the imposition of US sanctions.Carrie Lam, who has ... ( read original story ...)
Hong Kong’s top leader piles up cash at home after U.S. sanctions
Hong Kong leader Carrie Lam says she has to pile up cash at home as she has been unable to open a bank account in the global financial centre since Washington sanctioned her shortly after Beijing ... ( read original story ...)
Iran New Fatalities Drop; Hong Kong Closes Schools: Virus Update
The Hong Kong government will suspend all in-person classes at schools as of Wednesday, amid a flare up in new infections. The U.K. government said it hopes to begin rolling out a vaccination program ... ( read original story ...)
Left Bankless by Sanctions, Hong Kong Leader Has ‘Piles of Cash’
Hong Kong’s Chief Executive Carrie Lam says that she has “piles of cash” at home because she is denied basic banking services due to U.S. sanctions. In a television interview, Lam said the Hong Kong ... ( read original story ...)