Hong Kong’s Jumbo Floating Restaurant, which closed its doors in 2020 but made headlines when it began to sink earlier this year, is now allegedly trapped upside down on a reef. A Hainan Maritime ... ( read original story ...)
Hong Kong Faces Long Slog of Cash Withdrawals to Defend Currency
A measure of Hong Kong’s interbank liquidity may need to drop further to help the local currency recover, even though the gauge has already slumped nearly 60% since May. ( read original story ...)
Hong Kong’s Secretary for Justice Paul Lam addresses concerns over timely court proceedings for 47 opposition activists arrested for national security law violations
Secretary for Justice Paul Lam says prosecutors have been grappling with a much heavier workload in recent years More than 30 opposition activists charged with subversion have spent over a year behind ... ( read original story ...)
Hong Kong reports 5,020 new COVID-19 cases
Hong Kong reported more than 5,000 new COVID-19 infections on Thursday (Aug 4) and three new deaths, as daily infections continue to rise. The island, which enforces some of the toughest COVID-19 ... ( read original story ...)
Hongjiu Fruit Gets IPO Go-ahead but Cash Flow Concerns May Bite
Hongjiu Fruit specializes in high-value fruit and was the biggest distributor of branded fresh fruit in China last year in revenue terms The company’s rapid expansion of new retail channels has ... ( read original story ...)
Hong Kong chief John Lee’s $690,000 salary beats Joe Biden’s pay
The new chief executive of Hong Kong will earn more than most of the world’s senior politicians as he presides over a further crackdown on freedom. Even as the ... ( read original story ...)
Protest Hides in Plain Sight in Hong Kong
Since the UK returned Hong Kong to China 25 years ago this summer, Beijing’s ever-tightening grip has made the city resemble Singapore all the more. In the 1960s, a severe crackdown on political ... ( read original story ...)
Alibaba Beats As Hong Kong Internet Rebounds & Defense Stocks Fall
Alibaba beat on the big three numbers investors and analysts care about: Revenue, Adjusted Net Income, and Adjusted EPS. ( read original story ...)
Haagen-Dazs cookies and cream, Belgian chocolate ice cream products to be pulled from Hong Kong shelves over pesticide fears
Hong Kong’s Centre for Food Safety says the products, imported from France, may be contaminated with a pesticide, ethylene oxide. ( read original story ...)
Little-known Hong Kong digital firm’s mcap more than Goldman Sachs, Disney and TCS
At an IPO price $7.80 a piece, AMTD Digital's stock price surged to a high of over $2,500 on volumes of a little over 2.5 lakh shares on Tuesday, taking the value of the company to more than $385 ... ( read original story ...)
Kingsoft Cloud Joins Chinese Companies Pivoting To Hong Kong As Delisting Risk Grows
Kingsoft Cloud has joined more than 100 companies that can be delisted in the U.S. amid an impasse in talks between Washington and Beijing. Read more. ( read original story ...)
Hong Kong Billionaire Li Ka-shing’s Firm To Sell Stake In Fintech Upstart
Hong Kong billionaire Li Ka-shing's firm is selling its stake in the parent company of fintech upstart AMTD Digital, according to a statement released Thursday, after the company enjoyed a massive ... ( read original story ...)
ANALYSIS-Hong Kong’s cheap funding window shrinks as banks feel cash tighten
Investors who have exploited Hong Kong's cheap interest rates all year to fund other trades globally are finding that the window is closing as local cash conditions tighten and the city's lenders come ... ( read original story ...)
Hong Kong reports 5,020 new COVID cases on Thursday
Hong Kong reported more than 5,000 new COVID-19 infections on Thursday and three new deaths, as daily infections continue to rise. The island, which enforces some of the toughest COVID restrictions in ... ( read original story ...)