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Month: March 2022

Posted on 16/03/2022

Hong Kong leader Lam says no plans to further tighten COVID rules

Hong Kong leader Carrie Lam said on Wednesday that there were no plans to further tighten COVID-19 rules in the global financial hubs, with measures in place already the strictest since the pandemic ... ( read original story ...)

Posted on 16/03/2022

As Cathay Pacific crew, expatriates and BN(O) holders flee Hong Kong, who will snap up those property bargains?

More expatriates are selling their property in Hong Kong to head home or elsewhere in rebuke to the city’s social-distancing and quarantine rules, with no respite in sight as the Omicron cases ... ( read original story ...)

Posted on 16/03/2022

Hong Kong’s Hang Seng index jumps more than 3%, rebounding after days of losses

The Hang Seng index in Hong Kong jumped 3.56% in early trade on Wednesday, recovering partially after big losses in the past few days. ( read original story ...)

Posted on 16/03/2022

Hong Kong stocks regain part of US$300 billion destruction with JD.com, Alibaba recovery as China fends off sanction fears

Stocks regain strong footing in early trading as buyers return to pick up JD.com, Alibaba and Chinese tech peers, lifting the benchmark index from a decade low. ( read original story ...)

Posted on 16/03/2022

Mainland support boosts confidence in fighting COVID-19 in Hong Kong

Hong Kong people are full of gratitude for the central authorities' support for the global financial hub to fight COVID-19, especially under the fifth wave of the epidemic when there is a temporary ... ( read original story ...)

Posted on 16/03/2022

Hong Kong Cinemas Expect the Worst as COVID and Restrictions Continue

Hong Kong’s ongoing anti-COVID restrictions are forecast to cost the city’s cinemas HK$1.5 billion ($192 million) in lost box office receipts and cause the unemployment of thousands of people in ... ( read original story ...)

Posted on 16/03/2022

Former Hong Kong adviser condemns Carrie Lam over deadly COVID-19 storm

A former top government adviser condemned Hong Kong's leader on Tuesday (Mar 15), calling for her to "resign in shame" over a deadly COVID-19 wave that has clogged the city's healthcare system and ... ( read original story ...)

Posted on 16/03/2022

Lithium battery startup files for IPO in Hong Kong

Chinese EV battery giant CALB plans to IPO in Hong Kong. After a bad year in 2020, the company has ridden on the success of China’s booming EV sales. ( read original story ...)

Posted on 16/03/2022

‘I am angry’: residents locked down in mainland China blame Hong Kong for sending over Covid-19 infections while taking in much-needed aid

Posts on mainland social media note that while residents in Shenzhen and Dongguan are locked down for testing, Hongkongers are out shopping and hitting the beach They accuse the financial capital of ... ( read original story ...)

Posted on 16/03/2022

Yang Guofu Tempts Investors with Spicy Hotpot IPO in Hong Kong

Leading Sichuan-style hotpot chain Yang Guofu has filed for a Hong Kong IPO, extending a recent series of restaurant ... ( read original story ...)

Posted on 16/03/2022

An Update On The Virtual Asset Regulatory Landscape In Hong Kong.

These publications, listed below, bring about new developments to Hong Kong’s virtual asset (and by extension, financial) industry. We explore these developments in this client alert. HKMA’s ... ( read original story ...)

Posted on 16/03/2022

Vaccine Skeptics Fear Communist Party As Much as Side Effects in Hong Kong

Having kept COVID-19 at bay for two years, Hong Kong is now experiencing one of the worst outbreaks in the world. ( read original story ...)

Posted on 16/03/2022

Chiang Chen, Hong Kong industrialist and philanthropist who changed the world of plastic mouldings, dies at 98

The founder of Chen Hsong Holdings rose to wealth and fame with a plastic blow-moulding machine that could handle two colours, and later became known for his charitable giving. ( read original story ...)

Posted on 16/03/2022

Will VC investment into Chinese startups slow as the country’s tech stocks shatter?

It does seem that the expected correction in investment into Chinese startups is here. It's just a few quarters late. ( read original story ...)

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