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Posted on 03/05/2022

Why Hong Kong plummeted 68 places in the recent press freedom rankings

A number of journalists in Hong Kong have been jailed due to their reportage and that result in their drastic fall in the rankings published by media rights watchdog Reporters Without Borders (RSF). ( read original story ...)

Posted on 03/05/2022

Hong Kong’s GDP falls more than expected on Covid curbs, trade

HONG KONG (BLOOMBERG) - Hong Kong's economy contracted last quarter for the first time in more than a year as local restrictions to curb Covid hit activity and China's own omicron outbreak disrupted ... ( read original story ...)

Posted on 03/05/2022

Hong Kong Q1 GDP Shrinks More Than Expected on COVID Curbs

Hong Kong's economy contracted in the first quarter of this year as the city imposed its most stringent restrictions to curb an outbreak of COVID-19 that has battered business, led to an exodus of ... ( read original story ...)

Posted on 03/05/2022

HSBC faces call to spin off Asia business with Hong Kong listing

Global banking group HSBC is under mounting pressure as Ping An argued that an independent Asia business listed in Hong Kong would have higher profitability, lower capital requirements and more ... ( read original story ...)

Posted on 03/05/2022

Hong Kong Q1 GDP shrinks more than expected on COVID-19 curbs

HONG KONG: Hong Kong's economy contracted in the first quarter of this year as the city imposed its most stringent restrictions to curb an outbreak of COVID-19 that has battered business, led to an ... ( read original story ...)

Posted on 03/05/2022

Hong Kong weather expert calls coldest day in May for more than 100 years ‘good sign’

HONG KONG: Hong Kong recorded its coldest day in May for more than a century on Monday morning, according to the city's weather forecaster, with a veteran meteorologist saying it was a "good sign" ... ( read original story ...)

Posted on 03/05/2022

Hong Kong migrants seeking property in the UK need hand-holding, and sometimes a reality check on what they can afford, UK agents say

It is common for new buyers to be unaware of the process of buying properties in the UK, which he described as less efficient and less standardised than in Hong Kong. "Many were making purchases at ... ( read original story ...)

Posted on 03/05/2022

Hong Kong to further ease coronavirus restrictions, bars to open until 2 a.m.

HONG KONG — Hong Kong will further ease COVID-19 restrictions ... had to lay off staff as they struggle to pay rent in one of the world’s most expensive property markets. ( read original story ...)

Posted on 03/05/2022

Hong Kong’s Exchange Fund posts US$7 billion quarterly investment loss amid ‘triple whammy’ hit from slumping stocks, bonds and a stronger US dollar

Hong Kong's financial markets remain "deep and liquid, so we can cope with these challenges," he said. The Exchange Fund, established to defend Hong Kong's currency peg with the US dollar, will have ... ( read original story ...)

Posted on 03/05/2022

Hong Kong Wealth Fund Hit By $7 Billion Quarterly Loss

(Bloomberg) -- Hong Kong’s wealth fund suffered a HK$55 billion ($7 billion) loss in the first quarter as stocks and bonds declined, opening a difficult year for the financial hub as it seeks to ... ( read original story ...)

Posted on 03/05/2022

Hong Kong police arrest 58 over online fraud totalling HK$51 million in losses, with HK$10 million love scam among cases

Most of the suspects were holders of bank accounts used to collect and launder money from a string of crimes New Territories South technology crime unit was set up in January amid a 265 per cent rise ... ( read original story ...)

Posted on 03/05/2022

Hong Kong Speeds Reopening at Bars, Beaches as Covid Eases

(Bloomberg) -- Hong Kong is accelerating its reopening plans as Covid cases drop, easing mask-wearing rules and allowing more leisure venues to reopen, despite continued circulation of the pathogen ... ( read original story ...)

Posted on 03/05/2022

Hong Kong Falls To Bottom Of Press Freedom Rankings

Hong Kong has plummeted down an international press freedom chart as authorities have wielded a draconian new security law to silence critical news outlets and jail journalists, a new report said on ... ( read original story ...)

Posted on 03/05/2022

HSBC shares rise as markets warm up to break-up proposal by top shareholder

SINGAPORE/HONG KONG (Reuters) -Shares in HSBC Holdings gained on Tuesday after its largest shareholder, Chinese insurance giant Ping An, urged a break-up of the London-headquartered bank in a bid to ... ( read original story ...)

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