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Month: April 2023

Posted on 02/04/2023

‘They wish to return home’: Hong Kong families stuck in queue to bury their dead in mainland China, as hearses can’t cross border yet

At least 200 bodies waiting to be buried, Post learns, and it will take months to clear the backlog Authorities on both sides trying to resolve issue, as the only border crossing for hearses remains ...

Posted on 02/04/2023

US crackdown will push crypto’s ‘center of gravity’ to Hong Kong: Kaiko CEO

Kaiko CEO Ambre Soubiran said that Hong Kong’s friendly approach may just see the city become the “center of gravity” for crypto trading and investments. The U.S. government's frosty approach to ...

Posted on 02/04/2023

US crypto crackdown boosts Hong Kong’s DeFi ambitions – WSJ report

According to a WSJ report, Hong Kong’s attempt to attract crypto companies is getting help from an intensifying crackdown by American regulators. In recent years, the United States government has ...

Posted on 02/04/2023

‘He’s irreplaceable’: thousands of fans gather outside Hong Kong hotel to mark 20th anniversary of Leslie Cheung’s death

Fans line up outside Mandarin Oriental hotel to place bouquets and take pictures at spot where legendary singer and actor jumped to his death in 2003.

Posted on 02/04/2023

Titleholder Australia misses out on Hong Kong 7s quarters

Australia's defense of the Hong Kong Sevens title surprisingly ended in the pool stage on Saturday. The Australians were beaten to the quarterfinals by the United States and unheralded Spain.

Posted on 01/04/2023

Chinese Property Developer Sunac Posts $2 Billion Core Loss in 2022

Major property developer Sunac China on Friday logged a net narrowing core loss of 13.86 billion yuan ($2.02 billion) in 2022, as the debt-laden firm slowed its project construction and incurred ...

Posted on 01/04/2023

Cryptocurrency firms struggle to find banking partners after US bank collapses- Where to next? Singapore? Switzerland? Hong Kong?

Sources suggest that some cryptocurrency companies have turned to Cross River Bank as their preferred banking partner to address this issue ...

Posted on 01/04/2023

Hong Kong drops to 7th spot on global IPO venue ranking as fundraising plunges 52 per cent in first quarter: Refinitiv

"The high inflation and interest rate rises in the US and Europe, as well as the recent banking crisis all led to a quiet IPO market in Hong Kong and other markets." Shenzhen's ChiNext was the top ...

Posted on 01/04/2023

Hong Kong rejects US report criticising crackdown on freedoms

HONG KONG (Reuters) - Hong Kong on Saturday "firmly rejected" findings in a new U.S. government report that said U.S. interests had been threatened and that Beijing continued to "undermine" the rule ...

Posted on 01/04/2023

Explainer: Why Hong Kong is constitutionally obliged to balance the books

Terence Chong, executive director of the Chinese University of Hong Kong’s Lau Chor Tak Institute of Global Economics and Finance, told HKFP that the constitutional restriction was decided during ...

Posted on 01/04/2023

Blinken Says China Erodes Hong Kong’s Judicial Independence

US Secretary of State Antony Blinken denounced China for undermining the independence of Hong Kong’s courts, as the State Department released a new report condemning Beijing’s crackdown on dissent in ...

Posted on 01/04/2023

Global Finance CEOs Make First Post-COVID Visits to China

A flurry of top financial executives have visited China for the first time since the COVID-19 pandemic as global financial giants seek to cement their relations with Beijing at the start of President ...

Posted on 01/04/2023

HSBC chiefs hope to quell shareholder calls for break-up

The bosses of HSBC are preparing to face the bank’s legion of small investors in Hong Kong to try to quell a rebellion aimed at forcing it to break itself up. Mark Tucker, the chairman, and Noel Quinn ...

Posted on 01/04/2023

UPDATE 1-Global finance CEOs make first post-COVID visits to China

HONG KONG/SHANGHAI, March 31 (Reuters) - A flurry of top financial executives have visited China for the first time since the COVID-19 pandemic as global financial giants seek to cement their ...

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