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Month: September 2024

Posted on 27/09/2024

A new airline is coming to DFW Airport — with nonstop service to Hong Kong

Cathay Pacific will operate four flights per week on an Airbus A350-1000 aircraft. Flights depart on Mondays, Tuesdays, Thursdays and Saturdays, the release said.

Posted on 27/09/2024

For the first time, Hong Kong imprisons a journalist for ‘sedition’

The Stand News editors are the first journalists to be convicted of sedition in Hong Kong as China seeks to crush dissent and remake the city in its image.

Posted on 26/09/2024

China’s August net gold imports via HK lowest in over 2 years

China's monthly net gold imports via Hong Kong dropped 76% to their lowest level in more than two years in August, data showed on Thursday, as a record price rally curbed appetite in the world's top ...

Posted on 26/09/2024

Fitch: Pressures on HK Bank, Property Sector Linger as Monetary Easing Begins

The Hong Kong Monetary Authority (HKMA)'s recent 50 bps cut in the base rate to 5.25%, and expected further cuts reflecting projected monetary easing in the US, will help borrowers, property ...

Posted on 26/09/2024

Hong Kong Stock Rally Likely Driven by Short Covering, JPM Says

Short covering may have driven outsized gains in Hong Kong stocks on Tuesday after China’s central bank unveiled a broad package of monetary stimulus measures, according to JPMorgan Chase & Co.

Posted on 26/09/2024

Hong Kong Billionaire Cheng Family’s Scion Adrian Steps Down As CEO Of New World Development

Adrian Cheng, 44, said he resigned voluntarily to focus on public services after the Hong Kong property developer recorded its first annual loss in two decades.

Posted on 26/09/2024

Hong Kong Editors Sentenced in Landmark Case

The two journalists for Stand News were convicted in August of conspiracy to publish seditious articles, in a case signaling new limits on press freedom.

Posted on 26/09/2024

Klook: Bookings for Some Local Tourism Products Drop; Firm Always Plans for IPO Without Definite Timetable

In addition, a media asked about Klook's intention to list in Hong Kong. Sham said that the Company has always been interested in listing, and a team is planning for the listing. However, there is no ...

Posted on 26/09/2024

Senior Hong Kong journalist is sentenced to prison in sedition case seen as barometer of media freedom; second is freed

Senior Hong Kong journalist is sentenced to prison in sedition case seen as barometer of media freedom; second is freed

Posted on 26/09/2024

Hong Kong’s New World Development replaces CEO Adrian Cheng

Hong Kong property behemoth New World Development announced Thursday that its chief executive officer Adrian Cheng has been replaced, as the firm reported an annual loss of over US$2.5 billion. The ...

Posted on 26/09/2024

Adrian Cheng, member of one of Asia’s richest families, resigns as New World CEO after the Hong Kong developer posts $2.2 billion loss

His resignation adds to questions over succession at the Cheng family conglomerate, whose business also spans from jewelry to logistics.

Posted on 26/09/2024

Two Hong Kong journalists to be sentenced in sedition case criticized by U.S.

Two journalists who led a pro-democracy newspaper in Hong Kong were sentenced to TKTK on Thursday after being convicted of sedition last month.

Posted on 26/09/2024

Chinese AI firm Chongqing Terminus Smart Technology files papers for Hong Kong IPO

Chongqing Terminus Smart Technology, a Chinese AI company, joined a growing list of companies seeking to launch their IPOs in Hong Kong.

Posted on 26/09/2024

Hong Kong stocks lead global surge on reports of more China stimulus measures

Hong Kong’s equity market hit a one-year high and led a surge in global stocks as the China-stimulus-induced risk-asset rally received further propulsion ...

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