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Category: BUSINESS

Posted on 24/07/2021

China sanctions US citizens, entities over Hong Kong in tit-for-tat move

Beijing announced sanctions on seven American citizens and entities on Friday (July 23) in response to a US advisory on deteriorating freedoms in Hong Kong, just days ahead of a visit from a senior ... ( read original story ...)

Posted on 24/07/2021

China Sanctions Wilbur Ross, Others Over U.S. Hong Kong Warning

China’s Foreign Ministry said the government is sanctioning seven people and entities, including former U.S. Commerce Secretary Wilbur Ross, in retaliation for a Biden administration warning to ... ( read original story ...)

Posted on 23/07/2021

Chinese Startup Meicai Weighs Hong Kong IPO After Crackdown

Meicai, a Chinese startup that connects restaurants with vegetable producers, is considering shifting its initial public offering to Hong Kong from the U.S. after Beijing’s recent crackdown on ... ( read original story ...)

Posted on 23/07/2021

Hong Kong stocks head for weekly loss with market wary of tech crackdown, virus impact

Local stocks are set for a weekly loss with market still wary of Beijing’s crackdown on tech sector, while a surge in Delta variant cases clouds economic recovery outlook. ( read original story ...)

Posted on 23/07/2021

Hainan’s luxury market is here to stay and poised for stellar growth – McKinsey report

How will Hainan’s booming offshore duty free sector fare once Chinese outbound travel is normalised? That’s one of several key questions addressed in this insightful report, featuring a June survey of ... ( read original story ...)

Posted on 23/07/2021

Cannes’ Bombshell Hong Kong Protest Doc Director Speaks Out on Covering Pro-Democracy Demonstrations, Risking Imprisonment

The Cannes Film Festival always delivers a few cinematic discoveries, but the big surprise at this year’s edition was much more overt than usual. On July 16, just a day before the Palm ... ( read original story ...)

Posted on 23/07/2021

Coca-Cola Capitalism Meets Asia’s Plastic Disaster in Hong Kong

In 1978, when Coca-Cola became the first foreign firm allowed back into the People’s Republic of China after the Communist revolution, the company stuck with glass bottles at its new plant, rather ... ( read original story ...)

Posted on 23/07/2021

Ousted Hong Kong legislator Dennis Kwok warns of ‘risks’ to int’l business from security law

International businesses in Hong Kong face risks similar to those on mainland China under the Beijing-imposed security law, a paper co-authored by former lawmaker Dennis Kwok has warned. The paper, ... ( read original story ...)

Posted on 23/07/2021

Hong Kong privacy law change will let government block social media

The Hong Kong government will gain powers to restrict local access to the world’s biggest technology platforms under legislation to punish “doxing” offences expected to be passed this year. The ... ( read original story ...)

Posted on 22/07/2021

Hong Kong’s status as a financial center seems safe

Given its assault on democracy, imprisonment of publishers, and a slew of human rights violations, "stable" might not be the first word that springs to mind with respect to Hong Kong. But amid social ... ( read original story ...)

Posted on 22/07/2021

YAS MicroInsurance, a Hong Kong-based InsurTech startup Featured in the TOP 10 of Plug and Play Insurtech Batch 5 startups

Plug and Play APAC has announced the TOP 10 of the InsurTech Batch 5 in late June 2021 to showcase and recognize the outstanding InsurTech startups in APAC with unique business models which identify ... ( read original story ...)

Posted on 21/07/2021

Why Hong Kong’s proposed doxxing law alarms Google and Facebook

A proposed bill criminalizes doxxing—but doesn't define the term—and gives the city's privacy commissioner police powers. ( read original story ...)

Posted on 21/07/2021

Hong Kong Says Doxxing Law Alarming Tech Firms Strikes ‘Balance’

Hong Kong defended steps to toughen legislation banning the publication of personal information to harass people -- or “doxxing” -- as local lawmakers took up the latest measure in a security campaign ... ( read original story ...)

Posted on 21/07/2021

Hong Kong’s high business start-up cost fails to deter foreign companies seeking access to China’s breakneck growth pace

Overseas companies will keep coming to Hong Kong for its low-tax regime and access to mainland China, despite it being twice as expensive to set up here as in Singapore. ( read original story ...)

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