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Month: August 2022

Posted on 24/08/2022

China to name Zhang Qingsong as vice governor of central bank

BEIJING: China is set to name Zhang Qingsong as a vice governor of the central bank, financial magazine Caixin said on Wednesday (Aug 24).  Zhang, president of the Agricultural Bank of China, one of ... ( read original story ...)

Posted on 24/08/2022

Ping An Stands By HSBC Spin-off Call But Says It Is Not An Activist Investor

China's Ping An Insurance Group defended its call to spin off HSBC's Asia business, saying it cared about investment returns from its large stake in Europe's biggest bank but was not an activist ... ( read original story ...)

Posted on 24/08/2022

Tropical Storm Ma-On Barrels Towards Hong Kong, Guangdong Province

At 12:40pm (0440 GMT), the Hong Kong Observatory issued a strong wind advisory, with speeds of 41kph to 62kph (25.5mph to 38.5mph) expected. The storm, about 440km (273 miles) southeast of Hong Kong, ... ( read original story ...)

Posted on 24/08/2022

Hong Kong Observatory upgrades typhoon signal to No. 3, considers raising it to No. 8 this evening as Ma-on nears

The Hong Kong Observatory upgraded the typhoon signal to No. 3 this afternoon (Aug. 24) and is considering raising it to the No. 8 signal this evening as tropical cyclone Ma-on nears. ( read original story ...)

Posted on 24/08/2022

Hong Kong, China stocks fall more than 1% on slowdown worries

SHANGHAI — Hong Kong shares fell to a three-month trough on Wednesday while mainland China stocks touched two-week lows, weighed down by concerns about a slowdown in the world’s second largest economy ... ( read original story ...)

Posted on 24/08/2022

Canadian accused of subverting Hong Kong’s government wants Ottawa to take action on threats

Former Sing Tao editor-in-chief Victor Ho was charged by the Hong Kong national security bureau for allegedly subverting the state because he and two others plan to form a virtual parliament in exile ... ( read original story ...)

Posted on 24/08/2022

Hong Kong social enterprise ReStore launches new candle range

The social enterprise supports people coming out of sexual exploitation to reclaim a life of independence and freedom by providing them with an alternative career path. The proceeds from the sale of ... ( read original story ...)

Posted on 24/08/2022

Nearly 400 Hong Kong students register for new border channel aimed at easing travel to mainland China for start of school year

Education minister had announced scheme a day earlier, aimed at easing travel for students so they can arrive on time for new school year in mainland China. ( read original story ...)

Posted on 24/08/2022

South Korean firms in Hong Kong want ‘free and open’ business climate, as Seoul marks 30 years of ties with China

South Korean businesses in Hong Kong need normalisation of land transport routes with Guangdong province, the Korean consul general says Hong Kong's strength lies in its 'free, open and competitive ... ( read original story ...)

Posted on 24/08/2022

No. 1 typhoon signal issued, Hong Kong Observatory considers raising it to No. 8 this evening as Ma-on nears

The No. 1 typhoon warning is currently in force and the Hong Kong Observatory is considering raising it to the No. 8 signal this evening (Aug. 24) as tropical cyclone Ma-on nears. ( read original story ...)

Posted on 24/08/2022

Ping An co-CEO defends HSBC spinoff call, says it’s not an activist investor

Ping An Insurance Group defended its call to spin off HSBC's Asia business, citing its large holdings in the bank that affects its investment returns. "It is a significant investment and we've ... ( read original story ...)

Posted on 24/08/2022

PingAn ‘Not Activist Investor’ of HSBC With Spinoff Call: Co-CEO

"We are not an activist investor," she said. Wealth of Knowledge is a weekly podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. ( read original story ...)

Posted on 24/08/2022

Hong Kong co-living operators endure Covid-19 hit, invest in capacity while awaiting open borders, end of quarantine

Rents for co-living units have declined by as much as a quarter over the last three years, with occupancy rates stuck at 60 per cent since last year, analysts say Operators remain optimistic about the ... ( read original story ...)

Posted on 24/08/2022

Hong Kong cannot afford to be complacent over jabs as concerns rise

Immunisation offers the best protection against a constantly evolving coronavirus and authorities must be alert to the latest vaccine developments Hong Kong's daily number of Covid-19 cases is ... ( read original story ...)

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