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Month: September 2021

Posted on 18/09/2021

Qianhai red tape: relief coming for Hong Kong businesses, but opening mainland Chinese bank accounts still a hassle

Shenzhen Qianhai Authority will offer some services at Admiralty office, and pledges to work on businesses’ complaints that opening a mainland bank account takes too long. ( read original story ...)

Posted on 18/09/2021

Beijing’s sovereign digital currency push to boost Hong Kong’s fintech start-ups

As Beijing pushes ahead with a sovereign digital currency and a national blockchain network, Hong Kong’s fintech community is using the city’s role as a bridge between mainland China and the rest of ... ( read original story ...)

Posted on 18/09/2021

Blinken deletes, replaces tweet vowing US will ‘stand with the people of Hong Kong’

Antony Blinken has deleted a tweet which seemingly criticized the Chinese government and showed support from the United States for the people of Hong Kong. ( read original story ...)

Posted on 18/09/2021

Blinken Deletes Tweet Saying ‘We Stand with the People of Hong Kong’ in Favor of Milder Message

Secretary of State Antony Blinken has reportedly deleted a tweet accusing Chinese leaders of weakening Hong Kong's long-term political and social stability and affirming the United States's commitment ... ( read original story ...)

Posted on 18/09/2021

Hong Kong police to deploy one officer per voter for committee elections

Elections to a Beijing-controlled committee that installs Hong Kong’s chief executive and MPs will be guarded by almost as many riot police officers as voter ... ( read original story ...)

Posted on 18/09/2021

Hong Kong COVID tester Prenetics sets up $1.7B SPAC deal

The proceeds will fund Prenetics' global expansion as well as an acquisition strategy aimed at growing its U.S. footprint. ( read original story ...)

Posted on 18/09/2021

U.S. sanctions several Hong Kong-based Chinese entities over Iran -website

The United States issued Iran-related sanctions targeting several Hong Kong-based Chinese entities, according to a notice posted on the U.S. Department of Treasury website on Friday. ( read original story ...)

Posted on 18/09/2021

King & Wood Mallesons Advises on US$1.3B Hong Kong IPO As Market Lulls

King & Wood Mallesons, C&T Partners and Clifford Chance are advising on Dongguan Rural Commercial Bank’s US$1.3 billion Hong Kong IPO, a deal that could revive a tepid third quarter. ( read original story ...)

Posted on 18/09/2021

Podcast Leader Ximalaya Mounts New IPO Bid Closer to Home in Hong Kong

Ximalaya’s ditching of its New York listing plan in favor of Hong Kong could mark the start of a new trend for Chinese tech firms that previously favored the ... ( read original story ...)

Posted on 18/09/2021

US sanctions seven Hong Kong-based companies over Iran, Hezbollah

The designations came as part of a broader action by the US Treasury Department that targeted Lebanon and Kuwait-based financial conduits that fund the Lebanese Shiite group Hezbollah as well as ... ( read original story ...)

Posted on 18/09/2021

Blinken deletes tweet saying the US will ‘stand with the people of Hong Kong’

Secretary of State Antony Blinken deleted a tweet saying the United States stands with the people of Hong Kong and posted a more watered-down version in its place. An earlier version of his tweet came ... ( read original story ...)

Posted on 18/09/2021

Should Hong Kong follow mainland China’s tightened gaming time limits for kids? One party thinks so

An online poll by pro-establishment political party DAB found that many kids in the city played online games for up to three hours to five hours each day. ( read original story ...)

Posted on 18/09/2021

Antony Blinken Deletes Tweet Saying ‘We Stand With the People of Hong Kong’

Secretary of State Antony Blinken deleted a tweet on Thursday that criticized the Chinese government's recent actions in Hong Kong and said the U.S. stands with the people of the territory. Blinken ... ( read original story ...)

Posted on 17/09/2021

Hong Kong Proposes New Listing Regime for SPACs With Tight Restrictions

Hong Kong on Friday proposed changing its rules to allow SPACs to list, but with tighter restrictions than elsewhere as it becomes the latest to tap the desire for such investment vehicles even as the ... ( read original story ...)

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