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Month: January 2024

Posted on 30/01/2024

Hong Kong Property Tycoon Ronnie Chan Hands Control Of Hang Lung To His Eldest Son

Ronnie Chan will retire as chairman of his family’s Hang Lung Group and its subsidiary Hang Lung Properties and hand over the reins of both companies to his eldest son, Adriel, the Hong Kong-listed property developer said in a stock exchange filing on Tuesday.

Posted on 30/01/2024

Hong Kong court orders liquidation of China developer

HONG KONG -- A Hong Kong court ordered China Evergrande, the world's most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to ...

Posted on 30/01/2024

Hong Kong court liquidates failed Chinese property giant

The decision followed months of intense negotiations as international creditors moved against Evergrande to get some of their money back.

Posted on 30/01/2024

FTSE 100 Live 30 January: HSBC fined £57 million, Diageo profits slump further, shares seen higher

FTSE 100 Live Tuesday Diageo profits fall despite Guinness demandHSBC rapped for deposit protection failingsPets at Home warns on profits ...

Posted on 30/01/2024

Hong Kong already has a national security law. Now its leader is pushing for another one

Hong Kong on Tuesday formally began the process to enact a controversial homegrown national security law in a move that could have deep ramifications for the city’s status as a global financial hub.

Posted on 30/01/2024

Hong Kong’s fund industry on road to recovery as financial watchdog looks to raise global appeal of city’s markets

The Securities and Futures Commission aims to enhance cross-border trading schemes and ties with the Middle East, the rest of Asia and around the world.

Posted on 30/01/2024

Evergrande’s offshore units swing after Hong Kong court’s liquidation order

Shares of China Evergrande Group’s offshore units are fluctuating after their heavily indebted parent received a liquidation order from a Hong Kong court, raising questions over their future ownership ...

Posted on 30/01/2024

Amazon Prime’s ‘Expats’ was set and filmed in Hong Kong. But it’s not being shown there

Amazon Prime’s new drama series “Expats,” starring Nicole Kidman, is currently unavailable to watch in Hong Kong despite being set and partly filmed in the city.

Posted on 30/01/2024

‘Expats,’ starring Nicole Kidman, was filmed in Hong Kong, but you can’t watch it there

The first two episodes of “Expats,” a six-episode drama about expat women, were released on Amazon Prime on Jan. 26. But when viewers in Hong Kong try to watch it, they instead get a message saying ...

Posted on 30/01/2024

Hong Kong leader starts push for new security laws, says city “can’t afford to wait”

Hong Kong's leader confirmed on Tuesday his intention to pass tighter national security laws soon to build on sweeping legislation Beijing imposed on the city in 2020, saying the city "could not ...

Posted on 30/01/2024

Explainer: Why Hong Kong wants new national security laws

Hong Kong's government announced on Tuesday that it hopes to swiftly pass new national security laws. A public consultation document was also released. A deadline for its eventual passage into law has ...

Posted on 30/01/2024

With over $300 billion in debt, Hong Kong court orders liquidation of China’s Evergrande Group

As reported by Financial Times (FT), the order would allow court-appointed liquidators to attempt to seize control of assets of Evergrande Group in mainland China, as Hong Kong has a mutual ...

Posted on 30/01/2024

Hong Kong stocks slip in worst January since 2016 on BYD earnings miss, weak China manufacturing outlook

Stocks resume decline in Hong Kong, taking the city’s market to its worst January since 2016. While many Goldman Sachs clients are upbeat, a significant portion says the market remains uninvestable.

Posted on 30/01/2024

Hong Kong’s article 23: what is the new national security law and what will it mean for human rights?

The city’s chief executive, John Lee, announced a public consultation period after claiming advocates of independence are ‘still lurking in our society’ ...

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