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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
Crowds angry at disqualification from HK$5,000 consumption voucher scheme descend on Hong Kong government offices
About 240,000 people disqualified from HK$5,000 consumption voucher scheme after officials rule there is no evidence they are Hong Kong residents. ( read original story ...)
Top court warns Hong Kong against risk of prosecuting ‘thought crimes’
Hong Kong's highest court on Friday overturned the conviction of a protester for carrying plastic zip fasteners, with judges warning that the authorities' expanded interpretation of the law risked ... ( read original story ...)
Hong Kong winds up Target Insurance after industry regulator finds the taxi insurer to be insolvent, flexing its muscle for the first time
Hong Kong's insurance regulator is winding up Target Insurance, concluding after six months of investigations that the city's biggest motor insurer is insolvent. Derek Lai Kar-yan, the vice-chairman ... ( read original story ...)