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Month: January 2024

Posted on 30/01/2024

Stock market today: Chinese stocks lead Asia’s gains, Evergrande faces liquidation

Asian markets opened the week on a positive note, with Chinese regulators announcing measures to support the country’s teetering stock markets while heavily indebted property developer China Evergrande was ordered to undergo liquidation.

Posted on 29/01/2024

Hong Kong court orders liquidation of China’s Evergrande, once the country’s property giant

HONG KONG: A Hong Kong court on Monday ordered the liquidation of ... but it wasn't plugged in to the global financial system in the way that Lehman Brothers was as an international bank," said Daniel ...

Posted on 29/01/2024

Education lacking for Hong Kong pharmacies on single-use plastic ban, sector head says, amid waste-charging scheme delay after public confusion

Residents reportedly stock up on items such as toothpicks and cotton buds, with industry head urging more education for retailers ahead of already-delayed ban.

Posted on 29/01/2024

As China’s Economy Slows, Hong Kong Seeks To Redefine Its Future

(Photo by Vernon Yuen/NurPhoto via Getty Images) Faced with a slew of challenges, Hong Kong’s business leaders have put a brave face on the city’s prospects by launching a “Hello Hong Kong” campaign ...

Posted on 29/01/2024

China Evergrande Group ordered to liquidate; Hong Kong trading suspended

Chinese property giant Evergrande Group was placed into liquidation Monday by a court in Hong Kong after the company repeatedly failed to come up with a viable plan to restructure liabilities of at least $325 billion.

Posted on 29/01/2024

Harvest Fund Applies for Spot Bitcoin ETF in Hong Kong

Harvest Fund Management seeks approval for Hong Kong's first spot Bitcoin ETF, which is aiming for a post-Lunar New Year launch.

Posted on 29/01/2024

Evergrande shares halt trading after Hong Kong court orders liquidation; Asia markets mostly rise

China's CSI 300 index fell 0.9% and closed at 3,303.96, driven by losses in Shenzhen, while Hong Kong's Hang Seng index rose 0.71%, paring earlier gains. Stock chart icon In Singapore, its central ...

Posted on 29/01/2024

Beijing’s support aside, Hong Kong must shine as a financial hub

The central government may have stepped in to defend markets but Hong Kong needs to show its ability to fend off regional challengers, such as by tapping its Middle East and belt and road connections ...

Posted on 29/01/2024

Hong Kong to ‘begin consultation on home-grown national security law on Tuesday’

Consultation work on Hong Kong’s home-grown national security law will start on Tuesday rather than early February, according to sources, with the city leader suggesting “the sooner the better”.

Posted on 29/01/2024

‘Expats’ is set and filmed in Hong Kong, but the Amazon show isn’t streaming in the city

Expats,” a new Amazon Prime series set and partly filmed in Hong Kong, appears to be blocked in the Chinese territory amid growing concerns about censorship under Beijing’s tightening control.The ...

Posted on 29/01/2024

Sustainable aviation fuel: Hong Kong business group, Cathay Pacific lead coalition calling for policy support, collaboration on adoption

A Hong Kong business group promoting environmental sustainability has joined flagship airline Cathay Pacific and 11 other partners to push for greater public-private collaboration to increase adoption ...

Posted on 29/01/2024

Real estate giant China Evergrande ordered by Hong Kong court to liquidate

A government crackdown on surging debt has tipped China's property industry into crisis, making it a drag on the economy, with ripple effects on financial systems in and outside China.

Posted on 29/01/2024

Expats: Nicole Kidman show about Hong Kong not shown in city

It's a show about the life of foreigners in Hong Kong - but has aired everywhere except in the city itself. Expats - an Amazon Prime series starring Nicole Kidman - centres around the lives of three American women.

Posted on 29/01/2024

Hong Kong court orders China’s Evergrande, which owes $300 billion, to liquidate

China Evergrande is one of the biggest Chinese developers that have collapsed under pressure to rein in surging debt the ruling Communist Party views as a threat to China's slowing economic growth.

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