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Month: September 2023

Posted on 20/09/2023

Rosaryhill school closure: private institution taking over Hong Kong campus to pay sponsoring body for use of land

Dalton School Hong Kong confirms it will provide ‘financial support’ for Dominican Mission, which is behind Rosaryhill Kindergarten and Rosaryhill School in Mid-Levels.

Posted on 20/09/2023

Hong Kong may be warming to crypto, but rules are rules: A crypto influencer and 5 others were just accused of ‘conspiracy’

Lam was a promoter of the crypto exchange JPEX, which was publicly admonished last week by the Hong Kong's version of the SEC, the Securities and Futures Commission, or SFC. Lam said he has incurred ...

Posted on 20/09/2023

Hong Kong clerk, 46, denied bail after court appearance on sedition charges

Chow man-wai accused at West Kowloon Court of publishing almost 50 offensive statements on Reddit-like online forum LIHKG.

Posted on 20/09/2023

Hong Kong loses pride of place in economic freedom league table to rival Singapore for first time in more than 50 years

Canadian think tank the Fraser Institute says Hong Kong dropped to second place amid fears over increasing mainland Chinese interference in city's affairs Hong Kong government rejects institute's views and insists 'one country,

Posted on 20/09/2023

China tells foreign consulates in Hong Kong to provide personal data of all local staff

China’s Foreign Ministry has asked all foreign consulates in Hong Kong to provide the personal details of their locally employed staff, as Beijing tightens its control over the semi-autonomous city.

Posted on 19/09/2023

Chinese property developer Sunac applies for Chapter 15 protection in US after creditors give go-ahead to restructuring plan

Sunac is following in the footsteps of Evergrande, which sought Chapter 15 protection last month Creditors holding 98.3 per cent of Sunac's outstanding bonds have approved a restructuring plan ...

Posted on 19/09/2023

Hong Kong’s poorest households struggle to benefit from post-pandemic recovery as wealth divide reaches worst point in over 10 years: NGO

Poverty report from Oxfam Hong Kong also finds wealthiest 10 per cent of city's households earned 57.7 times more than bottom 10 per cent in first quarter 'Economically inactive households make up a ...

Posted on 19/09/2023

Hong Kong to tighten regulation of cryptocurrencies after arrests

Hong Kong’s leader says the territory will scrutinize the regulation of digital assets after police arrested eight people over allegations of fraud at an unlicensed cryptocurrency exchange that ...

Posted on 19/09/2023

Hong Kong fund favours Macau, India and Indonesia credit as cracks in China’s junk bonds shrink market by 85 per cent in 3 years

The Chinese high-yield bond universe has shrunk by 85 per cent according to an index compiled by Intercontinental Exchange and Bank of America after snowballing debt defaults BEA Union favours bonds ...

Posted on 19/09/2023

Rosaryhill school closure: private institution taking over Hong Kong campus will pay sponsoring body for use of land

Dalton School Hong Kong confirms it will provide ‘financial support’ for Dominican Mission, which is behind Rosaryhill Kindergarten and Rosaryhill School in Mid-Levels.

Posted on 19/09/2023

Hong Kong to scrutinize cryptocurrency regulation after arrests linked to JPEX exchange

Hong Kong’s leader says the territory will scrutinize the regulation of digital assets after police arrested eight people over allegations of fraud at an unlicensed cryptocurrency exchange that impact

Posted on 19/09/2023

Sunac, Country Garden debt deals bring respite for China’s property sector

Chinese developers Sunac and Country Garden brought some relief to the crisis-hit property sector by forging debt deals with creditors, but the outlook remained clouded by uncertainty about a recovery ...

Posted on 19/09/2023

Tencent-Backed Tuhu Car Set to Price IPO at Bottom of Range at HK$28, Sources Say

By Dave Sebastian Tuhu Car, an automotive-services company backed by Chinese technology giant Tencent Holdings, is likely to price its initial ...

Posted on 19/09/2023

Hong Kong stocks slip to 4-week low as investors shun banks, developers before Fed, HKMA policy actions

Local stocks trade lower as investors shun banks and property developers before the Fed and HKMA deliver their policy decisions later this week. BYD and JD.com lead losses within their sectors.

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