Newly public Magic Empire (NASDAQ:MEGL) stock retreated 22% on Tuesday after rallying 116% the previous session. Shares of the Hong Kong-based company opened at $20.89, reaching a high of $22 in early ... ( read original story ...)
Hong Kong’s Wild Stock Swings Hit New York After IPO Clampdown
The wild stock swings that Hong Kong regulators spent more than half a decade trying to stamp out are now popping up in New York.Post-listing spikes of thousands of percent in two little-known Hong ... ( read original story ...)
All you need to know about Covid-19 vaccines for babies, toddlers in Hong Kong
According to experts children are at risk of contracting the virus because they do not know how to adhere to social distancing and are not aware of personal hygiene Any dose is better than none before ... ( read original story ...)
GCT IPO: GigaCloud Technology to Make Public Debut
It's quite clear that the GCT IPO will be a hot topic amongst investors over the coming days and the weeks ahead. ( read original story ...)
19 arrested on suspicion of laundering HK$100 million
Police said on Tuesday they had arrested 19 people on suspicion of money laundering in a case involving some HK$100 million. Chief Inspector Wong ... ( read original story ...)
Tencent Rumored Meituan Sale Weighs On Hong Kong, Can The China Real Estate Phoenix Rise From The Ashes?
Hong Kong was up through mid-day/intra-day with a high of +0.66% when a Reuters article was released stating that Tencent (700 HK), which gained +0.87% overnight, plans to sell its $24B/17% ownership ... ( read original story ...)
Hong Kong police increase surveillance of social media
Police in Hong Kong will increase their surveillance of social media and online discussions in an effort to fight misinformation and quell “rumours” before the ... ( read original story ...)
Hong Kong’s Crackdown on Dissent Hits Facebook Pages
Several pages that were used to share anonymous comments about government and educational institutions have shut down, following the arrest of two men on suspicion of sedition. ( read original story ...)
Non-jury trial ordered for Hong Kong’s largest national security case
Hong Kong's new Secretary for Justice Paul Lam has ordered a non-jury trial for the city's largest national security case to date in which dozens of pro-democracy politicians face up to life in prison ... ( read original story ...)
Former Hong Kong top national security cop denies buying sex
A police raid in March 2021 found Frederic Choi, 51, to be among the patrons of Viet Spa, an unlicensed massage parlour in the Wan Chai neighbourhood -- just a short walk away from the police ... ( read original story ...)
Hong Kong’s Brain-Drain Challenge Rises as Funds Relocate Roles
Signs keep emerging that Hong Kong’s financial hub status is increasingly at risk. Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna ... ( read original story ...)
Hong Kong’s Brain-Drain Challenge Rises as Funds Relocate Roles
Signs keep emerging that Hong Kong’s financial hub status is increasingly at risk. Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna ... ( read original story ...)
Hong Kong stocks slammed by Meituan on Tencent divestment report, while developers surge on state financial backing
Meituan sank by about 9 per cent after a Reuters report saying Tencent is considering selling part or all of its 17 per cent stake by this year Corporate earnings in focus as Li Auto and Sunny Optical ... ( read original story ...)
Hong Kong police arrest 4 suspects in crackdown on cryptocurrency fraud syndicate, which conned man out of HK$1.58 million
Victim transferred cryptocurrency to e-wallet account in exchange for what turned out to be fake banknotes Police urge public to stay alert while meeting strangers to conduct transactions and use ... ( read original story ...)