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Month: May 2024

Posted on 10/05/2024

Asia Deal Digest: In Hong Kong, Listings and Privatization Create Small Streams of Work While Southeast Asian Investors Go Global

Filings for Hong Kong listings have increased but so have privatizations. Kirkland, Clifford Chance, Davis Polk and Skadden pick up work.

Posted on 10/05/2024

Hong Kong’s Greater Bay Airlines to suspend flights to Singapore next month, announcing cuts 2 weeks after launching service

Carrier announces cuts just two weeks after launching service to city state, citing commercial considerations.

Posted on 10/05/2024

Inside ComplexCon Hong Kong: Exclusive Merch, Performances and Cultural Icons

At the first-ever ComplexCon in Hong Kong, a scene all too familiar to avid followers of the pop-culture festival unfolded. Thousands of streetwear fanatics lined up for hours awaiting the event and tornadoed the Complex Marketplace upon entry.

Posted on 10/05/2024

No ulterior motives for Jimmy Lai’s HK$500 million loan to media firm Next Digital when it was unprofitable, witness tells Hong Kong court

Royston Chow, former Next Digital chief financial officer, says it was not ‘very common’ for shareholder to lend substantial amount of money to company such as Lai’s.

Posted on 10/05/2024

Startup to launch new fleet of self-driving boats with important mission: ‘We are hoping that we will make a real impact’

"We want to be the leader that brings in the electric revolution, like Tesla has done for cars." Startup to launch new fleet of self-driving boats with important mission: 'We are hoping that we will ...

Posted on 10/05/2024

Hong Kong’s national security ‘conspiracy’ trial of media mogul drags on

Media mogul Jimmy Lai's trial for "conspiracy to collude with foreign forces" and "conspiracy to publish incitement" is set to drag on longer than the 80 days initially planned. As of Thursday, the 73rd day of the trial, only six of 14 scheduled witnesses had testified.

Posted on 10/05/2024

Hong Kong businessman, son surrender to police over abduction of cryptocurrency investor

Insider says businessman was unable to get HK$15 million he allegedly invested in virtual currency through victim, who was unreachable sometimes

Posted on 10/05/2024

Hong Kong property: mortgage insurance hits 10-month high as transactions rise on curbs’ removal

The value of mortgage insurance rose to HK$13.71 billion (US$1.75 billion) in April, the most since HK$16.07 billion in June last year, data from mortgage broker mReferral shows.

Posted on 09/05/2024

China Market Update: Hong Kong & Mainland China Rally Rebounds On Trade Data & Home Buying Restrictions Cancelled

Asian equities were overall lower overnight as Mainland China and Hong Kong outperformed while South Korea, Australia, India, and the Philippines underperformed, falling by more than -1%. Meanwhile, ...

Posted on 09/05/2024

Hong Kong puts Google in hot seat with ban on protest song

Hong Kong called it "unbelievable” when Google rebuffed its 2022 request to bury a popular protest song from search results. Now armed with an injunction, authorities are putting legal pressure on the ...

Posted on 09/05/2024

Hong Kong property: mortgage insurance hits 10-month high as property easing fuels transactions

The value of mortgage insurance rose to HK$13.71 billion (US$1.75 billion) in April, the most since HK$16.07 billion in June last year, data from mortgage broker mReferral shows.

Posted on 09/05/2024

Retired Hong Kong brokerage manager loses HK$18 million to scammer posing as security official

Source familiar with situation says scammer contacted 67-year-old woman in January and claimed to be mainland Chinese police officer investigating fraud case.

Posted on 09/05/2024

Hong Kong Housing, Urban Renewal Groups in Rare Loan Talks

Two Hong Kong bodies that work closely with the government are in rare talks with banks in the financial hub for syndicated loans, according to people familiar with the matter. The Hong Kong Housing Society and the Urban Renewal Authority are in initial ...

Posted on 09/05/2024

Hong Kong’s New Home Sales Hit Record High of $5.4 Billion

New home sales in Hong Kong surged to a record high in April, as buyers rushed to the market after the government removed property curbs.

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