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Month: August 2022

Posted on 02/08/2022

Hong Kong high court quashes reporting ban on key national security case

Hong Kong's High Court on Tuesday (Aug 2) quashed a court reporting restriction for a landmark national security case involving a now disbanded group that once organised the city's annual candlelight ... ( read original story ...)

Posted on 02/08/2022

Hong Kong’s Economy Seen Contracting in 2022 as GDP Slumps

Economists downgraded their forecasts for Hong Kong’s economy, predicting it could contract for the third time in four years, after data Monday showed growth is being weighed down by Covid ... ( read original story ...)

Posted on 02/08/2022

Hong Kong investors have been the most bearish on bonds, says funds network

Leo Chen of Calastone discusses the types of stocks investors are turning to in an inflationary environment. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get ... ( read original story ...)

Posted on 02/08/2022

HSBC aims to soothe Hong Kong investors after rejecting break-up call from Ping An

HSBC's bosses will meet retail investors on Tuesday in Hong Kong, the biggest market for Europe's largest lender, seeking to convince them their strategy to operate as a global bank is vital to ... ( read original story ...)

Posted on 02/08/2022

Hong Kong shares down nearly 3%, Asia markets drop as geopolitical tensions rise over Pelosi visit

Local media reports citing unnamed sources said Pelosi would go ahead with her visit to Taiwan, a self-ruled island that China sees as a runaway province. ( read original story ...)

Posted on 02/08/2022

Hong Kong’s Economy Seen Contracting in 2022 as GDP Disappoints

Economists downgraded their forecasts for Hong Kong’s economy, predicting it could contract for the third time in four years, after data Monday showed growth is being weighed down by Covid ... ( read original story ...)

Posted on 02/08/2022

HSBC Aims To Pacify Hong Kong Investors After Rejecting Break-up Call From Ping An

HSBC's bosses will meet retail investors on Tuesday in Hong Kong, the biggest market for Europe's largest lender, seeking to convince them their strategy to operate as a global bank is vital to ... ( read original story ...)

Posted on 02/08/2022

Hong Kong’s Hang Seng down 2% as Asia markets drop; South Korea’s inflation rises

Hong Kong's Hang Seng led losses in Asia on Tuesday as South Korea's inflation rose. Consumer prices in South Korea rose 6.3% in July compared with the same period in 2021, official data showed on ... ( read original story ...)

Posted on 02/08/2022

Hong Kong casino tycoon considers Macau move to avoid US delisting

Melco Resorts & Entertainment, a $2.5bn casino group run by Hong Kong casino mogul Lawrence Ho, is weighing relocating its headquarters to Macau to avoid being delisted in the US, according to two ... ( read original story ...)

Posted on 02/08/2022

HSBC gears up to meet Hong Kong investors after pushing back break-up call

Bosses of HSBC will meet retail investors on Tuesday in Hong Kong, the biggest market for Europe's largest lender, as they seek to convince shareholders that their strategy to operate as a global bank ... ( read original story ...)

Posted on 02/08/2022

Why Hong Kong should heed UN condemnation of its failure to protect basic rights

The UN's top human rights body has sharply criticised Hong Kong's application of the national security law, making it clear basic freedoms and the rule of law are in jeopardy Rather than trotting out ... ( read original story ...)

Posted on 02/08/2022

China mortgage strikes threaten property sector’s house of cards

HONG KONG -- Chen Peng put his entire life savings, and that of his parents, into a 300,000 yuan ($44,000) down payment for a condominium that should have been finished in 2018. Four years later ... ( read original story ...)

Posted on 02/08/2022

HSBC shareholder starts group to rally support for Ping An break-up plan

Shareholder Ken Lui said a split would make it easier for HSBC to navigate the rising tension between China and the West. Read more at straitstimes.com. ( read original story ...)

Posted on 02/08/2022

HSBC’s Promises Won’t Satisfy Ping An for Long

The London- and Hong Kong-based bank is facing breakup calls driven by its largest shareholder, Ping An Insurance Group of China, with the aim of freeing the faster-growing Asian businesses from ... ( read original story ...)

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