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Category: BUSINESS

Posted on 12/12/2020

Now, more than ever, we need to know how to manage our money. Yet many of us are financially illiterate

We need to cut spending, conserve savings and assume things are going to get worse. Yet, research suggests near-crisis levels of financial illiteracy, raising the prospect of greater suffering until ... ( read original story ...)

Posted on 12/12/2020

Hong Kong’s Shop King Struggles to Sell Billions in Property

Hong Kong property tycoon Tang Shing-bor is seeking to offload billions of dollars of real estate after an ill-timed expansion at the top of the market. ( read original story ...)

Posted on 12/12/2020

Treasury Takes No Action on Hong Kong Banking Sanctions

The U.S. Treasury Department said Friday it hasn’t identified any banks or other financial institutions linked to a group of people sanctioned in October over China’s crackdown on Hong Kong. ( read original story ...)

Posted on 12/12/2020

Hong Kong media mogul Jimmy Lai charged under national security law

Hong Kong's Jimmy Lai has been charged under China's new national security law for the city. Police said on Friday that the media tycoon had been charged with colluding with foreign forces. Specific ... ( read original story ...)

Posted on 11/12/2020

Hong Kong’s Pro-Democracy Media Tycoon Jimmy Lai Charged Under New National Security Law

Hong Kong business tycoon Jimmy Lai, who owns the pro-democracy newspaper Apple Daily, was charged under the city’s controversial new national security law, a move that comes as mainland China ... ( read original story ...)

Posted on 11/12/2020

Breakingviews – Hong Kong SPAC deal reeks of desperation

Its shares have been suspended since December 2017 and it is resisting an effort by the Hong Kong bourse to delist them. The company hasn’t filed audited financial statements since 2016. In August, it ... ( read original story ...)

Posted on 10/12/2020

Beijing’s crackdown improved HK business outlook: Lam

HONG KONG • Hong Kong Chief Executive Carrie Lam said Beijing's sweeping crackdown in the city she oversees has strengthened law and order and improved its business environment.. Read more at ... ( read original story ...)

Posted on 09/12/2020

Pompeo Warns Businesses Over Hong Kong as U.S.-China Tensions Rise

The secretary of state said the U.S. would treat the global trade and financial center as “another Chinese Communist-run city” in light of Beijing’s efforts to tighten its control over Hong Kong. ( read original story ...)

Posted on 09/12/2020

Pompeo warns businesses that U.S. will treat Hong Kong like mainland China

Secretary of State Mike Pompeo, who this week unveiled sanctions over China’s actions in Hong Kong, warned business leaders that the U.S. will treat ... ( read original story ...)

Posted on 08/12/2020

Hong Kong startups lead region’s charge into virtual banking

ZA Bank, Hong Kong's first virtual bank, has just 200 employees in a white and mint-green themed open-plan office on the southern fringes of Hong Kong's main island -- a far cry from HSBC Holdings' ... ( read original story ...)

Posted on 08/12/2020

Hong Kong police arrest 8 over ‘unauthorized’ protest

Hong Kong police on Tuesday arrested eight pro-democracy activists over their role in an unauthorized protest last summer, widening a crackdown on dissent in the semi-autonomous Chinese city. ( read original story ...)

Posted on 08/12/2020

Hong Kong lags behind Singapore in biotech race, but Greater Bay Area could prove its trump card

In Hong Kong, when you are not sure if you can plan ahead, it is very difficult to invest so much in a big business like biotech,” Hor said. Singapore’s current five-year plan, its sixth and covering ... ( read original story ...)

Posted on 08/12/2020

JD Health Shares Surge 34% on Their Market Debut in Hong Kong

JD Health issued 381.9 million shares pricing them at 70.58 Hong Kong dollars each. Those shares opened at 94.5 Hong Kong dollars, a 34% rise. ( read original story ...)

Posted on 08/12/2020

US hits China with Hong Kong sanctions, OKs Taiwan arms sale

The Trump administration on Monday approved a new major arms sale to Taiwan and slapped new sanctions on Chinese officials over the crackdown on pro-democracy advocates in Hong Kong. The moves are ... ( read original story ...)

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