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Category: BUSINESS

Posted on 20/07/2020

The Hong Kong Crackdown Is A Financial Disaster For China: Is It Time To Fire The CEO?

Xi Jinping's move against Hong Kong is a financial disaster for China. Once the magic of Hong Kong's status as global financial center — which was built up over two centuries – is gone, it will never ... ( read original story ...)

Posted on 19/07/2020

Hong Kong national security laws shouldn’t harm banks’ operations, regulator says

Hong Kong's capital markets regulator sought on Sunday to reassure global banks in the city that China's new national security laws for the financial hub would not harm their operations. ( read original story ...)

Posted on 19/07/2020

HK business magnate says national security law offers new beginning to Hong Kong

-- Allan Zeman, a Hong Kong-based entrepreneurial icon, says "No" to the question: "Is this the end of Hong Kong?" -- "In order to solve the problem that was happening in Hong Kong, we needed a ... ( read original story ...)

Posted on 19/07/2020

The Latest: Hong Kong tightens anti-coronavirus measures

HONG KONG — Hong Kong is tightening anti-coronavirus measures ... The Chinese capital has gone 13 days without a domestically transmitted case, although business at many restaurants and shops remains ... ( read original story ...)

Posted on 19/07/2020

National security law won’t affect normal operation of Hong Kong’s financial markets: official

Aerial photo taken on July 16, 2020 shows south China's Hong Kong. (Xinhua/Lui Siu Wai) Financial Secretary Paul Chan said security and order are crucial to the sustainable development of HKSAR as a ... ( read original story ...)

Posted on 19/07/2020

Coronavirus: Hong Kong start-up joins government’s mass community testing efforts to contain third wave

Prenetics, which has signed a contract with the government to test around 200,000 restaurant staff over the next few weeks, is also ramping up testing capacity. ( read original story ...)

Posted on 19/07/2020

What Mumbai needs to do to replace Hong Kong as Asia’s main financial hub

Hong Kong’s relationship with the world has been completely altered by China after it imposed a new national security law on June 30, undermining Asia’s top financial center. In the fast-moving world ... ( read original story ...)

Posted on 19/07/2020

Hong Kong third wave: infection of three health workers at Tuen Mun Eye Centre sparks Covid-19 cluster fears as city marks grim milestone

could start taking in those less serious cases within one to two weeks at the earliest. 122 days of Sars vs Covid-19 – which is worse for Hong Kong’s markets? Meanwhile, starting from July 25, ... ( read original story ...)

Posted on 18/07/2020

Some VPN firms shut down Hong Kong servers over security law concerns

A handful of virtual private network (VPN) providers have shut down their servers in Hong Kong, citing concerns over the national security law. ( read original story ...)

Posted on 18/07/2020

Autonomous Trucking Startup Plus.ai Reportedly Seeking $60M

Plus.ai, an autonomous trucking startup based in the U.S. and China, is in talks to raise $60 million, the Information reported. Hong Kong-based investment and securities firm Guotai Junan ... ( read original story ...)

Posted on 17/07/2020

Hong Kong’s Main Airline Expects $1.3 Billion Loss

Like the rest of the industry, Cathay Pacific Airways has been plunged into crisis by the coronavirus pandemic, which has grounded demand for travel and prompted official restrictions. ( read original story ...)

Posted on 17/07/2020

The United States is treating Hong Kong as mainland China. Business is starting to do the same

US President Donald Trump has signed an executive order ending Hong Kong’s special trade status to treat the city the same as mainland China. He also signed the Hong Kong Autonomy Act into law to ... ( read original story ...)

Posted on 17/07/2020

Trump’s Hong Kong Action Will Hurt U.S. Businesses, AmCham Says

President Donald Trump’s move to end Hong Kong’s special status under U.S. law will hurt the country’s business interests and deepen pessimism about the Asian financial hub’s future, the American ... ( read original story ...)

Posted on 17/07/2020

What Trump’s move to treat Hong Kong the same as China could mean for the U.S.

President Donald Trump announced the U.S. would end “preferential treatment for Hong Kong” and that the region “will now be treated the same as mainland China, no special privileges, no special ... ( read original story ...)

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