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Month: December 2022

Posted on 31/12/2022

Hong Kong health minister voices concerns as families with young children travel overseas following Covid policy rollback

Health minister Lo Chung-mau warns of ‘serious health consequences’ if children catch coronavirus while on holiday overseas.

Posted on 31/12/2022

China Evergrande: receivers plan to add value, boost appeal to Hong Kong tower for next auction

The receivers are hoping stronger buyers will emerge to snap up the trophy building, as they add value by bringing in new tenants and extending current leases.

Posted on 31/12/2022

Are foreclosed homes the answer for Hongkongers priced out of the world’s most expensive property market?

Foreclosed properties, sometimes discounted by up to 20 per cent, are rising in number and may offer a way on to the notoriously expensive property ladder. However, there are risks.

Posted on 31/12/2022

Hong Kong’s Octopus card stays on top: departing chairman pleased that elderly people, small merchants use it too

Keeping it simple has worked to win over users and vendors, says David Eldon, chairman since 2016 Company needs to persuade taxi drivers to accept e-payments, as most still prefer receiving cash Top ...

Posted on 31/12/2022

China Gives Hong Kong Leader Power to Bar Overseas Lawyers in National Security Cases

The use of foreign lawyers by both prosecutors and the defence have long been part of the former British colony's rule of law traditions. The move comes after a Hong Kong court this month postponed a ...

Posted on 31/12/2022

Hong Kong reopens to tourists — but do they want to come?

As I was spreading jam on my scone in a Ritz-Carlton executive club devoid of executives, on the 116th floor of Kowloon’s International Commerce Centre, the new ...

Posted on 31/12/2022

China Lets Hong Kong Rule on Overseas Lawyers in Security Cases

Chinese lawmakers said Hong Kong courts should get approval from the city’s leader or an oversight committee before an overseas lawyer takes part in national security cases.Most Read from BloombergMil ...

Posted on 31/12/2022

Beijing gives Hong Kong leader more power in security cases

Beijing ruled Friday that Hong Kong's leader has the power to decide whether foreign lawyers can be involved in national security cases in the city — a decision that could effectively block a ...

Posted on 30/12/2022

Hong Kong government tightens residential land supply amid faltering property market

The Hong Kong government will only sell one plot of residential land in the final three months of the current financial year as it withholds land sales amid falling property prices.

Posted on 30/12/2022

Hong Kong ends 2022 with five listings, ending a tough year with a bang as IPOs trickle back

The HK$394 million raised by three of the five companies are a much-needed boost for Hong Kong as it clings to fourth place behind Shanghai, Shenzhen and Seoul among the world’s top IPO destinations.

Posted on 30/12/2022

Futu ADRs Sink After Delay of Hong Kong Listing

By Dean Seal Futu Holdings Ltd.'s American depositary receipts were down 24% at $44.77 in premarket trading Friday after the company postponed the debut ...

Posted on 30/12/2022

Hong Kong pushes Seoul aside to climb to third place in Refinitiv’s 2022 list of the world’s biggest IPO markets, behind Shanghai and Shenzhen

A strong second half lifted the city from 10th place in June, according to Refinitiv data The city fared better than its two traditional rivals in the United States, as Nasdaq and the NYSE both ...

Posted on 30/12/2022

Optimism Over China’s Economic Recovery Boosts Hong Kong Shares Friday

Optimism over China's economic recovery next year, following relaxed COVID-19 policies for inbound travelers, pushed the Hong Kong Hang Seng Index slightly higher Friday. The broad gauge Hang Seng ...

Posted on 30/12/2022

Hong Kong offshore yuan deposit pool to get boost from China’s reopening

HONG Kong’s offshore yuan deposit pool edged up 0.8 per cent in November to 892.3 billion yuan (S$172.4 billion) from a month earlier, rising for the fourth straight month as an increase in yuan trade ...

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