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Month: July 2023

Posted on 06/07/2023

Fourth Paradigm Receives Hong Kong IPO Green Light from Chinese Regulator after Fourth Attempt at Public Listing

Following acceptance by the CSRC, Fourth Paradigm should proceed with launching its IPO in the Hong Kong market.

Posted on 06/07/2023

Hong Kong stocks slump on worries about Chinese banks, US interest rates

The Hang Seng Mainland Banks Index, which tracks mainland Chinese banks listed in Hong Kong, plummeted 6.5%. It was the worst daily decline since February 2018. In a lengthy report on China’s banking ...

Posted on 06/07/2023

Hong Kong police arrest 4 for allegedly aiding dissidents abroad

Hong Kong police have arrested four people on suspicion of financially aiding activists abroad, just days after they offered bounties for information leading to the arrest of eight pro-democracy ...

Posted on 06/07/2023

Hong Kong slashes directly elected seats in local polls, further reducing democracy

Hong Kong's legislature unanimously voted on Thursday to overhaul district level elections by drastically reducing directly elected seats, a move critics said removed some of the last vestiges of ...

Posted on 06/07/2023

Hong Kong changes law to slash directly elected council seats, undermining democratic challenges

Hong Kong lawmakers on Thursday passed an amendment to a law to eliminate most directly elected seats on local district councils, the last major political representative bodies chosen by the public.

Posted on 06/07/2023

Hong Kong men arrested for aiding overseas dissidents

STORY: Hong Kong national security police arrested four people on Wednesday, accusing them of financially supporting overseas dissidents and of advocating for Hong Kong’s independence from China. Two ...

Posted on 06/07/2023

Four arrested in Hong Kong after bounty set up for activists abroad

The local arrests come two days after Hong Kong put up bounties for eight pro-democracy activists living abroad. The bounties have sparked an overseas outcry and follow a sweeping national security ...

Posted on 06/07/2023

Hong Kong stocks tumble 3%, Asia-Pacific markets fall after Fed minutes point to more rate hikes

U.S. Federal Reserve officials said that a brief pause in its tightening cycle would give the committee time to assess the impacts of the hikes.

Posted on 06/07/2023

Brinc launches new program for climate tech startups

Brinc, the Hong Kong-based accelerator backed by investors like Animoca Brands, is launching a new program for fledgling climate tech startups. The three-month program is tailored for founders who are ...

Posted on 06/07/2023

Wheelock wins Kennedy Town tender at lowest price for Hong Kong Island since 2002

The government’s first land tender of the financial year has fetched the lowest price for Hong Kong Island since June 2002 and is more than 25 per cent lower than prices seen in November.

Posted on 06/07/2023

Chinese rush to buy Hong Kong insurance, dollars as confidence cracks, yuan weakens

Chinese investors are rushing offshore to make dollar deposits and buy Hong Kong insurance in a signal domestic confidence is languishing and that the ailing yuan faces more pressure.

Posted on 06/07/2023

Hong Kong police arrest four men accused of supporting dissidents overseas

The men are accused of providing financial support to people who fled overseas and are involved in activities endangering China's national security.

Posted on 06/07/2023

Hong Kong activists wanted by China seek help from ministers

Hong Kong activists have called for an urgent meeting with British ministers and vowed not to be silenced by a £100,000 bounty put on their heads by the Chine

Posted on 06/07/2023

Exiled Hong Kong Activists React to Their Million-Dollar Bounties

Hong Kong’s leader said Tuesday that a group of exiled pro-democracy activists will be “pursued for life.” Police announced a day earlier a reward of HK$1 million (a little over $125,000) in return for any information that could lead to the arrest of ...

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