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Month: May 2023

Posted on 27/05/2023

Hong Kong’s crypto rules come into effect, Binance CZ finds the timing interesting

Binance CEO Changpeng Zhao has noted that Hong Kong's crypto rules will come into play the week starting May 28. The comment comes after Beijing released a web3 white paper to promote the industry's ...

Posted on 27/05/2023

Hong Kong political party disbands amid China crackdown

The Civic Party, one of the main democratic groups in the Chinese territory, said its members had agreed to wind up their activities. The decision was made due to a leadership vacuum after its members ...

Posted on 27/05/2023

Hong Kong’s 2nd largest pro-democracy party disbands amid political crackdown

One of the few remaining pro-democracy parties in Hong Kong has voted to dissolve itself, joining a growing list of organizations that have disbanded as authorities crack down on dissent ...

Posted on 27/05/2023

Uyghur Scholar Is Missing in Hong Kong, Rights Group Says, Raising Fear of Detention

Abuduwaili Abudureheman was last heard from saying he was being interrogated by police, according to Amnesty International.

Posted on 27/05/2023

AP PHOTOS: Hong Kong’s colorful Bun Festival returns after COVID-19 cancellations

Hong Kong's colorful Bun Festival is back after three years of COVID-19 restrictions. Visitors packed the tiny island of Cheung Chau to watch children parade in costumes and to eat buns stamped with the Chinese characters for “peace” and “safety.

Posted on 27/05/2023

Hong Kong’s pro-democracy Civic Party disbands amid Chinese security clampdown

The Civic Party, alongside the Democratic Party, was a major democratic force in Hong Kong until a number of its members were arrested following the imposition of a 2020 national security law.

Posted on 27/05/2023

Hong Kong stocks fall about 2% to lowest level this year; Bank of Korea holds rates

Asia-Pacific markets are set for another day of losses ahead of the Bank of Korea's rate decision announcement later today. South Korea, which was one of the first Asian banks to pause its rate hikes, ...

Posted on 27/05/2023

HSBC Buys back Over 4.9M Shrs for $289M Ytd

Short selling $386.96M; Ratio 36.417% announced that it has repurchased a total of 4.9003 million shares in the U.K. and Hong Kong yesterday (17th), involving approximately HKD289 million in total.

Posted on 27/05/2023

Hong Kong’s development chief says companies granted land at proposed technopole will be banned from leaving it vacant, arbitrarily selling or changing its use

Secretary for Development Bernadette Linn says maximising land premiums is not a top priority for San Tin Technopole Lawmakers and groups voice concerns over regulation of granted land lots, including ...

Posted on 27/05/2023

Major Hong Kong Democratic Party Disbands Amid China Security Clampdown

The Civic Party, founded in 2006, had been a major democratic force in the financial hub that returned from British to Chinese rule in 1997, alongside the Democratic Party, performing strongly in ...

Posted on 27/05/2023

Hong Kong uses soft power to lure international travellers back

Also known as ‘silk-stocking milk tea’, Hong Kong-style milk tea is truly iconic.

Posted on 27/05/2023

Hong Kong’s bun festival returns after pandemic hiatus

STORY: At the stroke of midnight, the 12 brave participants scrambled up a 60-foot tower made of buns. The person who successfully retrieved the bun at the top of the structure would bring luck to ...

Posted on 27/05/2023

Ovolo Hotels founder on going from watches to serviced apartments to building a boutique hotel chain in Hong Kong and Australia

Girish Jhunjhnuwala, founder of Ovolo Hotels, got an early taste for entrepreneurship from his father and followed him into the watch manufacturing business He later opened a chain of serviced ...

Posted on 27/05/2023

UPDATE 1-Tsingshan-backed Fox ESS completes over $145 mln pre-IPO round of capital raising

China's Tsingshan-backed new energy firm Fox ESS said on Friday it has completed a pre-IPO round of capital raising of more than 1 billion yuan ($145 million).

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