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Posted on 16/07/2022

1.16 tonnes of drugs seized at Hong Kong airport in first half of 2022, double that of same period in 2021

Customs officers have confiscated 1.16 tonnes of illegal drugs at the Hong Kong International Airport in the first half of this year, double the 580kg of narcotics seized during the same period in ... ( read original story ...)

Posted on 16/07/2022

Hong Kong health minister Lo Chung-mau is in the hot seat – and his public appearances reveal how he plans to steer city out of pandemic

Flight suspensions are “soul destroying”. These are not the words of a frustrated traveller or a homesick Hongkonger, but from a sitting health minister of Hong Kong, a city that has become synonymous ... ( read original story ...)

Posted on 16/07/2022

Time to ‘get away’: Hong Kong residents cooped up by Covid pandemic take flight as travel bug bites, never mind soaring airfares

Outbound flight demand for travel from June to August grew more than 120 per cent year on year, and 35 per cent more than in the previous three-month period, said Lavinia Rajaram, ... ( read original story ...)

Posted on 16/07/2022

Commentary: Is China stumbling into its own mortgage crisis?

A rapidly spreading protest — borrowers refusing to make mortgage payments on unfinished homes — threatens to rattle the Chinese financial system, says Bloomberg’s Shuli Ren. ( read original story ...)

Posted on 16/07/2022

Hong Kong regulator moves to wind up Target Insurance

The Insurance Authority (IA), through its appointed managers, has presented a winding-up petition against Target Insurance, which is deemed insolvent under Hong Kong’s Insurance Ordinance. In January, ... ( read original story ...)

Posted on 16/07/2022

Exclusive-HSBC set to push back against Ping An breakup proposal – sources

HSBC Holdings Plc is set to speed up its exit from non-core markets and deploy additional capital in Asia, in a bid to push back against a breakup proposal put forward by its biggest shareholder, two ... ( read original story ...)

Posted on 16/07/2022

B.C. court sends wrongful dismissal suit against large Canadian bank to Hong Kong

The Supreme Court of B.C. granted an application from RBC DS and Royal Bank of Canada, which asked the court to rule that a $3.9 million wrongful dismissal lawsuit brought by a former executive, David ... ( read original story ...)

Posted on 16/07/2022

Hongkong Land’s emission reduction targets get SBTi approval

It is the fourth real estate company in Hong Kong that secured approval. Hongkong Land said its near-term greenhouse gas (GHG) emissions reduction targets in line with the goal to keep the temperature ... ( read original story ...)

Posted on 16/07/2022

150 Delisted Chinese Companies, Are Hong Kong Lawyers Licking Their Lips?

The SEC has said that an agreement between China and the U.S. over auditing rules will unlikely come in time to prevent the delisting of 150 Chinese companies—bad news for U.S.-China trade relations ... ( read original story ...)

Posted on 16/07/2022

Hong Kong Short Sellers Press Their Bets, Week In Review

Asian equity markets ended an off week lower though Taiwan and India bucked the trend with positive performance overnight. ( read original story ...)

Posted on 16/07/2022

National sci-tech programs to be further opened up to Hong Kong, Macao

A researcher works in a start-up company at the Guangdong, Hong Kong and Macao youth innovation and entrepreneurial base in the Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone in ... ( read original story ...)

Posted on 16/07/2022

Missionary priest’s hunger strike protests Hong Kong activists’ detention

The Milan-born priest arrived in Hong Kong in 1974, and since then has advanced human rights and freedom for the people of the Chinese-ruled city-state. ( read original story ...)

Posted on 16/07/2022

Hong Kong jails 7 protesters who attempted to flee to Taiwan

Seven protesters from Hong Kong are being sentenced to up to 10 months of jail HONG KONG -- Seven Hong Kongers who were caught at sea while attempting to flee the city by speedboat to Taiwan were ... ( read original story ...)

Posted on 15/07/2022

Hong Kong’s Office Sector Slowing Recovering after Fifth Covid Wave

Global property consultant JLL reported this week Hong Kong's overall Grade A office market was stable in the first half of 2022, despite the city being hit by the fifth wave of the Covid-19 pandemic. ( read original story ...)

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