King & Wood Mallesons has added a new partner to its Hong Kong Office, in its most recent addition from an international rival. Corey Zhang joins the firm from Clifford Chance, where he was a ... ( read original story ...)
Hong Kong court finds a broker and three former executives guilty of fraud, in a win for ICAC’s clean-up of Convoy’s financial scandal
Hong Kong's graft busters scored a victory in their attempt to prosecute one of the city's biggest financial fraud cases in recent decades, when a court declared three former executives of Convoy ... ( read original story ...)
Hong Kong Tycoons Won’t Escape Chinese Populism
Investors are clearly worried that Beijing’s recent “common prosperity” call could soon be heard in the freewheeling financial center, too. ( read original story ...)
Hong Kong Stocks Drop As Evergrande Rout Deepens; Property, Banks Plunge As Contagion Spreads
Hong Kong’s benchmark stock index plunged 3.3% to close at a near one-year low of 24,099.14 as contagion spread from the collapse of shares at real estate developer China Evergrande Group into the ... ( read original story ...)
New Hong Kong Electors Chosen, With Only 1 Opposition Member
The 1,500-member panel that picks Hong Kong’s next leader will have only one opposition-leaning member, according to results from a tightly controlled selection process amid a crackdown on dissent in ... ( read original story ...)
Prudential plummets after revealing plans for Hong Kong share offering
Prudential shares tumbled this morning after the British insurance giant confirmed plans to raise up to £2.1 billion in a public offer and share placing in Hon ... ( read original story ...)
Hong Kong Market Tanks as Evergrande Property Scare Broadens
The broad Chinese property sector, the mainland's largest single industry, is selling off in Hong Kong as investors try to work out which will be the next domino to fall. ( read original story ...)
Hong Kong police arrest three members of student prisoner-support group
Hong Kong police arrested on Monday three members of a pro-democracy student group, accusing them of a "conspiracy to incite subversion" including by helping deliver snacks to prisoners with the aim ... ( read original story ...)
Hong Kong holds first ‘patriotic’ vote under electoral system overhaul
Beijing Hong Kong elites has held the city’s first vote since China overhauled Hong Kong’s electoral system last year to root out “anti-China” elements. The poll for the election committee, a ... ( read original story ...)
HKEX seeks feedback on Spac IPO framework
The HKEX published a consultation paper seeking feedback on a draft framework regulating Spacs, also known as blank cheque firms. These are shell companies that raise funds via an IPO for the sole ... ( read original story ...)
Southeast Asia’s Carousell is considering all growth options including IPO, CEO says
Carousell said last week it raised $100 million in fresh funds that valued the company at more than a billion dollars. ( read original story ...)
Hong Kong Seen Struggling to Lure SPACs With Strict Rulebook
Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to list in the city. In a consultation paper released on Friday, Hong Kong Exchanges & Clearing Ltd ... ( read original story ...)
COMMENT: Are Hong Kong property tycoons China’s next target?
Hong Kong's red-hot real estate market has been a driver of social unrest. It’s only a matter of time before Beijing targets the sector under its common prosperity campaign. ( read original story ...)
Hang Seng index drops more than 3% as Evergrande shares plunge 10%, other property stocks fall
The Hang Seng index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after falling as much as 17% earlier. The Hang Seng Properties index dropped to a ... ( read original story ...)