Activist investor Elliott Management Corp. plans to close its office in Hong Kong, and move its remaining staff there to offices in London and Tokyo, according to a person familiar with the matter. ( read original story ...)
Asia Set for Muted Start; U.S. Stocks Rebound: Markets Wrap
Asian stocks looked set for a muted start Wednesday after their U.S. peers rebounded from Friday’s selloff as traders parsed the latest earnings reports. The dollar retreated. ( read original story ...)
Rising joblessness calls for a revival of the Hong Kong spirit
To ride out the continued challenges, the city needs entrepreneurship, creative thinking and government support that provide short-term solutions and a forward-looking strategy to address the ... ( read original story ...)
Coronavirus highlights ‘urgent’ need for China’s digital currency, says state-owned bank
China’s e-yuan will allow closer scrutiny of risky investments and help ensure repayment of debt, says Guo Weimin, chief scientist at the Bank of China. ( read original story ...)
Financial Regulation, Chinese Style (And Where Is Jack Ma?)
China doesn’t fool around when it comes to financial regulation. On January 5, a Chinese court sentenced a senior finance industry executive to death. He was guilty – in the words of the court –of ... ( read original story ...)
Blow to Hong Kong as leading US hedge fund Elliott Management exits
One of the world’s biggest hedge funds is pulling out of Hong Kong in a decision that deals a blow to the city’s status as Asia’s financial hub.Elliott Management, the American activist firm, will ... ( read original story ...)
Hedge fund Elliott pulls out of Hong Kong
US hedge fund Elliott Management is closing its Hong Kong office, becoming one of the first large financial institutions to shutter operations in the territory since it entered a period of civil ... ( read original story ...)
Battered by the coronavirus pandemic, Hong Kong’s MTR Corporation warns of losses of HK$4.8 billion in 2020
The losses marked the first time the company has found itself in the red in the two decades since it was publicly listed. ( read original story ...)
Hong Kong train operator MTR warns of first annual loss
Hong Kong's public transportation operator MTR said Tuesday it expects to report a net loss of around 4.8 billion Hong Kong dollars ($619 million) for 2020, which would mark the company's first year ... ( read original story ...)
Hong Kong clinic launches city’s first domestic medical tourism package
Inbound international medical tourism to Hong Kong is on hold, with three-week quarantines, political uncertainty and no solution from talks with other countries. One local clinic is taking a ... ( read original story ...)
It took the coronavirus pandemic to get Hong Kong to embrace e-commerce, but it looks like it’s here to stay, industry leaders say
Those in the e-commerce sector say disruptions to bricks-and-mortar businesses have been a boon for online platforms. ( read original story ...)
Chinese Investors Pull More Than $3 Billion From Funds That Missed Out on Ant IPO
Millions of individual investors in China withdrew more than $3 billion from five mutual funds that previously touted access to Ant Group’s blockbuster IPO, drastically shrinking the funds just two ... ( read original story ...)
Hong Kong could spearhead China’s financial integration with world, digital yuan use: government officials
Attempts by Donald Trump to decouple the world’s two largest economies had cemented China’s resolve to integration financially with other countries. This presented an opportunity for Hong Kong, said ... ( read original story ...)
China Accuses U.S. of Abusing National Security Excuse While Doing Same in Hong Kong, Xinjiang
China's foreign ministry has again hit out at the U.S. for citing national security concerns in its latest action against Chinese firms, part of Washington's effort to contain Beijing's growing ... ( read original story ...)