Thousands of bars and restaurants in Hong Kong will shut as some of the world’s toughest Covid restrictions, aimed at taming a record outbreak, deal a heavy blow to the once-vibrant city’s economy. ( read original story ...)
Engineering Professor Debuts On Hong Kong’s 50 Richest After His AI Startup’s Red-Hot IPO
The growing appetite for AI stocks fueled the successful market debut of Shanghai-based smart-tech pioneer SenseTime and earned cofounder Tang Xiao’ou a $6 billion fortune. ( read original story ...)
Hong Kong Billionaire Richard Li’s Wealth Rises As His Asian Insurer FWD Mulls IPO
On the plate of Richard Li, the 55-year-old son of billionaire Li Ka Shing, there’s a major piece of unfinished business from 2021: listing regional life insurer FWD. ( read original story ...)
Hong Kong’s 50 Richest 2022: Collective Wealth Down Just A Tad Despite Uncertainties, Li Ka-Shing Retains Top Spot
Hong Kong’s economy revived with a 6.4% rise in 2021, but strict measures to fight the pandemic impacted the benchmark Hang Seng Index. Under such mixed circumstances, the combined wealth of the ... ( read original story ...)
Hong Kong budget sweeteners help, but city’s prolonged isolation from ‘zero-infection’ strategy a threat to growth, economists warn
Economists signal a tough ride in first half of the year, including an uncertain jobs outlook Business chambers welcome moves to support fight against Covid-19, prepare for post-pandemic growth Hong ... ( read original story ...)
Can’t pay the rent? Hong Kong’s stricken SMEs get respite with measure to stop landlords chasing after arrears
Legislative Council to pass law barring landlords from taking action against tenants who owe rent Financial Secretary Paul Chan hopes businesses, landlords can work together through tough times Hong ... ( read original story ...)
Virtual Lenders Shake Up Hong Kong’s Banking Industry
There are some signs that is happening. Winston Yung, a managing partner at McKinsey & Co. in Hong Kong, pointed to traditional banks’ ongoing efforts to keep up with the innovations of their digital ... ( read original story ...)
Hong Kong’s Covid Budget; HSBC Bankers Grounded: Virus Update
Sanofi and GlaxoSmithKline Plc, which stumbled in the race to develop a Covid-19 shot, found their vaccine protects against severe disease and hospitalization and will submit data to regulators for ... ( read original story ...)
Hong Kong unveils $22bn budget as ‘zero COVID’ hammers businesses
Finance chief admits businesses facing ‘intense pressure’ amid restrictions that have shut down much of the city. ( read original story ...)
Hong Kong to provide HK$10,000 vouchers, tax relief
The Hong Kong Special Administrative Region government on Wednesday (Feb 23) proposed allocating HK$54 billion (US$6.92 billion) to step up efforts to stabilise the pandemic situation with the central ... ( read original story ...)
Why HTC Invested In A Hong Kong Events Platform Startup In The Middle Of The Pandemic
When EventX, a fast-growing Hong Kong startup, raised $10 million in Series B financing last year, the funding round was led by two investors. One was ... ( read original story ...)
Hong Kong Lawmaker Calls for a Full Lockdown to Spare Business
Hong Kong should impose a strict, city-wide lockdown for nine days to rein in its snowballing Covid-19 outbreak rather than prolong social-distancing restrictions that are strangling business, ... ( read original story ...)
Coronavirus: Hong Kong companies on edge of collapse wonder how they will survive 2-month extension of social-distancing curbs
More small and medium-sized firms will be forced to close down as they have no hope of doing business, warns Hong Kong chamber chief 'Just like that, we've been asked to stop business for four months, ... ( read original story ...)
Hong Kong to Shut Schools to Fight Omicron; Foreigners Rush to Leave
A surge in cases has overwhelmed hospitals and threatens business confidence in the global financial hub. Photo: Bertha Wang/Bloomberg HONG KONG—Within hours of the city’s top official saying late ... ( read original story ...)