After two years of controlling the coronavirus pandemic with stringent border restrictions and social distancing measures, Hong Kong’s zero-COVID policy has collapsed under the weight of the omicron ... ( read original story ...)
Finance chief’s rental deferral plan for small Hong Kong firms in trouble as Carrie Lam wants cabinet to decide whether to support bill
An insider said Lam became sceptical of the proposal after facing strong opposition from ‘angry’ developers and big landlords. ( read original story ...)
C Ventures, EQT co-lead $70m Series B round in UK consumer tech startup Nothing
C Ventures, a venture capital (VC) firm co-founded by Hong Kong-based conglomerate New World Development’s CEO, and Sweden’s EQT Ventures have jointly led a $70-million Series B round of financing in ... ( read original story ...)
Hong Kong puts mass testing on hold as COVID-19 deaths rise
Hong Kong leader Carrie Lam said there is “no specific time frame” for a citywide testing, two weeks after she announced it would happen this month. Her earlier announcement, coupled with rumors of an ... ( read original story ...)
China builds new bridge to Hong Kong to rush in workers as Covid cases surge
The temporary bridge will aid work on a makeshift hospital as the city’s Covid death rate reaches world’s highest per 1m people ... ( read original story ...)
Empty Stores and an Exodus: Hong Kong’s COVID Crackdown Stirs Panic
As the government in Hong Kong struggles to contain the city’s worst COVID outbreak ever, some residents have panicked. They have emptied supermarket shelves of vegetables and meat. They have raided ... ( read original story ...)
Aquila Acquisition, Hong Kong’s first SPAC moves a step closer to IPO after HKEX approval
Chinese restaurant chain Green Tea Group and Aquila Acquisition have been cleared by Hong Kong stock exchange to launch IPOs New issuers face challenges from sliding stock markets amid a surge in oil ... ( read original story ...)
China Lithium Tech to File for $1.5 Billion Hong Kong IPO, Sources Say
China Aviation Lithium Battery Technology Co. plans to file for a Hong Kong initial public offering as early as this week, according to people familiar with the matter. ( read original story ...)
Hong Kong likely to maintain highest fine of US$1.3 million for audit lapses at listed firms when new regulatory regime takes over in fourth quarter
Financial Reporting Council is collecting views until May 4 on the procedures and penalties it can impose on Hong Kong accountants New rules will 'increase the accounting profession's accountability ... ( read original story ...)
Hong Kong Indefinitely Postpones Mass Testing Plan: Virus Update
Hong Kong’s plan to test the entire population for coronavirus in March has been indefinitely postponed as the city prioritizes vaccinating the elderly. ( read original story ...)
How Hong Kong Became China’s Biggest COVID-19 Problem
Hong Kong’s COVID-19 defenses are in freefall, posing a serious threat to the rest of China’s zero-COVID strategy ... ( read original story ...)
Hong Kong to maintain highest fine of US$1.3 million for audit lapses at listed firms
Auditors of listed companies might continue to face a maximum penalty of a HK$10 million (US$1.3 million) fine under new regulatory rules that come into force in the fourth quarter, according to a ... ( read original story ...)
Prudential continues pivot to Hong Kong despite ‘difficult’ conditions
FTSE 100 life insurance group with dual headquarters plans to increase share of head office staff in territory ... ( read original story ...)
Hong Kong leader says no fixed time frame for mass testing
Hong Kong leader Carrie Lam says reducing the skyrocketing number of deaths in the latest coronavirus surge is the city’s priority, putting a plan to test the entire population on hold in the latest f ... ( read original story ...)