While Hong Kong’s US$466bil (RM2 trillion) foreign-reserves stockpile and plentiful interbank liquidity suggest little chance of an imminent crisis, signs of financial stress are building. This week ... ( read original story ...)
John Lee: What Hong Kong can expect from ‘Beijing’s enforcer’
This week, pro-Beijing hardliner John Lee was elected as Hong Kong's new leader, replacing Carrie Lam. The 64-year-old former security chief ran uncontested in the chief executive election, and was ... ( read original story ...)
What Hong Kong can expect from ‘Beijing’s enforcer’
This week, pro-Beijing hardliner John Lee was elected as Hong Kong's new leader, replacing Carrie Lam. The 64-year-old former security chief ran uncontested in the chief executive election, and was ... ( read original story ...)
Pelosi says Hong Kong’s arrest of cardinal ‘one of the clearest signs yet of Beijing’s worsening crackdown’
House Speaker Nancy Pelosi (D-Calif.) slammed the arrest of a cardinal in Hong Kong, calling it “one of the clearest signs yet of Beijing’s worsening crackdown” in an op-ed published Friday in The ... ( read original story ...)
The Arrest of Cardinal Zen Marks a New Low in Hong Kong
China’s Communist Party quietly crushes dissent in the first free, prosperous city to fall to totalitarians since World War II. ( read original story ...)
Hong Kong National Security Police Arrest 90-Year-Old Cardinal Zen
Hong Kong national security police arrested Cardinal Joseph Zen Ze-kiun on Wednesday for alleged conspiracy to collude with foreign powers. Cardinal Zen is a 90-year-old former bishop and senior f ... ( read original story ...)
Mao Zedong scroll thieves jailed in Hong Kong
Three people have been jailed in Hong Kong for stealing art said to be worth millions, including a calligraphy scroll written by former Chinese communist leader Mao Zedong.The thieves had been unaware ... ( read original story ...)
Hong Kong’s Q1 GDP Contracts by 4% Y/y; 2022 Growth Forecast Revised Down
Hong Kong's economy contracted by 4% in the first quarter from the same period a year earlier, government data showed on Friday, ending four quarters of recovery as the city imposed its most stringent ... ( read original story ...)
Hong Kong police arrest 17 over money-laundering syndicate behind HK$97 million handled in past 16 months
“We discovered that some of the accounts had 1,000 transactions involving more than HK$100,000, in a single day,” the senior inspector said. Tuen added that dividing a large sum of money into smaller ... ( read original story ...)
Hong Kong churches no longer off-limits as Beijing tightens grip on dissent
Churches are tightly controlled in mainland China, and that now appears to be the fate for Hong Kong's religious institutions, some of which had a major role in the city's activism. ( read original story ...)
Once a shining light, foreign investors abandon Hong Kong office space as slowing economy weighs on sentiment
Average central business district office yields stood at around 2.8 per cent in the first quarter, whereas retail and industrial property yields stood at 3 and 3.4 per cent, respectively. “The one ... ( read original story ...)
HSBC pressed to spin off Asian business
About 65% of HSBC’s of pretax profit last year came from Asia, and Hong Kong is the bank’s single largest market. However, HSBC has argued that while Asia appears to be the dominant source of its ... ( read original story ...)
Hong Kong finance sector teams up with universities to plug green finance and ESG talent gap, tap China opportunities
Hong Kong's financial sector and universities are working together to equip the city's professionals with the knowledge and skills they need to tap the huge decarbonisation opportunities in China, an ... ( read original story ...)
Trio jailed for Hong Kong’s priciest art heist
Three burglars who carried out a record-breaking $637 million art heist in Hong Kong but remained oblivious to the value of their historic haul were jailed Friday, local media reported. ( read original story ...)