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Month: January 2023

Posted on 27/01/2023

Biden extends deportation protection for Hong Kong residents

President Joe Biden on Thursday signed off on a two-year extension of a program that protects Hong Kong residents in the U.S. from deportation, renewing the protection until January 2025.

Posted on 26/01/2023

Xiaomi Shares Rise After EV Plans Leak

In recent days, leaked photos of car moldings related to Xiaomi's electric-vehicle plans have been circulated by users of Chinese social-media website Weibo.

Posted on 26/01/2023

70,000 Americans, 1,3000 US companies are currently present in Hong Kong

Roughly 15,000 Americans have left Hong Kong in the past two years for various reasons. Strict COVID-19 measures and "diminishing freedom" are two reasons Americans leave.

Posted on 26/01/2023

Hong Kong’s financial market ready to take big leap in Year of Rabbit

Hong Kong's stocks and gold went up on Thursday, with the benchmark Hang Seng Index rose 341.72 points to open at 22,386.37 points, while gold fetched 18,088 Hong Kong dollars (about 2,319 U.S.

Posted on 26/01/2023

Virtual assets outlook: Hong Kong expected to develop a thriving fintech ecosystem over the coming year

Leading companies in the world of virtual assets and Web3 set an optimistic mood for the industry, including New Huo Tech with its annual report showing virtual assets accounting for 95 per cent of ...

Posted on 26/01/2023

Consul: 20% of Americans in Hong Kong left in past 2 years

HONG KONG (AP) — About 20% of the Americans in Hong Kong have left for various reasons over the past two years, the U.S. consul general in the semi-autonomous Chinese city said, drawing harsh ...

Posted on 26/01/2023

Hong Kong’s card payments market to hit $106.7b in value by 2026

But rising interest rates and ongoing geopolitical tensions threaten growth. Hong Kong’s credit and charge card payments market will be valued $106.7b (HK$831.9b) by 2026, according to a report by ...

Posted on 26/01/2023

Hang Seng Index: Excitement as Golden Cross Forms

What is the outlook of the Hang Seng index as the golden cross pattern nears formation? We explain what to expect.

Posted on 26/01/2023

Opening of borders with mainland China no silver bullet for Hong Kong’s retail sector, economists say

Hong Kong economists do not expect a return of “revenge spending” following the reopening of the city’s borders with mainland China, as more people left than arrived over the Lunar New Year holiday.

Posted on 26/01/2023

Letting Hong Kong leader decide on foreign lawyers in national security trials erodes rule of law: US envoy

The US government’s top envoy to Hong Kong on Wednesday said a recent ruling by the Chinese government that handed the city’s chief executive the power to decide whether a defendant in a national ...

Posted on 26/01/2023

Red Bull’s Phil Wizard to headline Hong Kong breaking event as city’s athletes prepare for Paris Olympics qualifiers

The Under the Lions Rock competition will be held in Tsuen Wan in March and is expected to attract 200 athletes from around the world.

Posted on 26/01/2023

Hong Kong’s stock and gold exchanges resume live ceremony to greet the Year of the Rabbit as businesses return to normal

Businesses are getting back to normal as local stock and gold exchanges greet the Year of the Rabbit by inviting guests to their opening-day ceremonies for the first time since 2019.

Posted on 26/01/2023

Gold jewellery sales in Hong Kong poised to leap 30 per cent in Year of the Rabbit as weddings, mainland tourists return

She is the author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.

Posted on 26/01/2023

China’s IPOs lost their debut sizzle in 2022, boding ill for punters betting on a few quick yuan

That changed in 2019, when the regulator introduced a registration-based system for small-cap IPOs. It allows more flexibility to reflect demand from investors, taking the pricing closer to market ...

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