With gross domestic product shrinking sharply by 4 percent in the first quarter and the economy battling a slump, the last thing Hong Kong needs is a rise in interest rates that will hurt households ... ( read original story ...)
Jamie Richards doing his homework as he prepares ‘to start from zero’ on joining Hong Kong training ranks
The latest addition to the Hong Kong training ranks arrives in the city in the next couple of weeks rejuvenated by the challenge of starting ... ( read original story ...)
China’s EV darling Nio turns to Hong Kong and Singapore amid US delisting risk
Nio, an electric vehicle upstart from China, is planning to list its shares in Singapore, which will make the city-state the third base where it trades as geopolitical tensions between China and the ... ( read original story ...)
Alibaba, Meituan slump in Hong Kong as inflation, rate hikes deliver another blow to stock market
Local stocks face another torrid session as investors dump riskier assets. Concerns about rate hikes in a slowing global economy led to an overnight sell-off in US equities. ( read original story ...)
With Hong Kong’s new leader, the future for progressive politics looks more challenging – for feminists, it was already bleak
John Lee, a police veteran-turned-security chief who will run, unopposed, for the city's top position as the only candidate backed by China's ruling party. The choice to endorse Lee -- a hardline ... ( read original story ...)
Hong Kong Stock Market May Take Further Damage On Friday
The Hong Kong stock market has finished lower in two straight sessions, sinking more than 300 points or 1.5 percent along the way. The Hang Seng now rests just beneath the 20,800-point plateau and ... ( read original story ...)
Calls to break up HSBC are a bleak sign of things to come for our once-global economy
And yet, sometimes, we financial economists get it right. In October 2020, I forecast in my Post column that "it would be unsurprising if the Hong Kong and China operations of HSBC developed a ... ( read original story ...)
Will Hong Kong reopen for business under new leader Lee?
Hong Kong's next leader John Lee is inheriting a once vibrant Asian business hub mired in its third year of pandemic isolation but he may prioritise security over an economic reboot, business leaders ... ( read original story ...)
Hong Kong’s economic recovery, consumer spending could suffer as base lending rate rises by the most in 22 years, analysts warn
Finance chief Paul Chan says trend of rate hikes for rest of the year could reach cumulative increase of 2.5 per cent or more Hongkongers who borrowed for mortgages may be exposed to higher payments ... ( read original story ...)
Why the wind appears to be going out of SPACs’ sails in Singapore and Hong Kong
... Acquisition Corp. on March 18 becoming the first SPAC to list on the Hong Kong Stock Exchange (HKEX).This came after Hong Kong adopted new listing rules on Jan. 1 that opened the door to IPO ... ( read original story ...)
Hong Kong Arrivals Jump Most in Two Years Amid China Lockdowns
Hong Kong is seeing the fastest influx of people in more than two years as its emergence from a record virus outbreak entices people wanting to flee the harsh containment measures in mainland China. ( read original story ...)
Hong Kong reopens as Beijing begins less restrictive lockdown
BEIJING (AP) — Hong Kong reopened beaches and pools and relaxed other pandemic restrictions Thursday, a day after China’s capital, Beijing, announced it would ease its tough quarantine rules for ... ( read original story ...)
Hong Kong student jailed 14 months for carrying petrol bombs near police station
Magistrate dismisses argument that the arrest was an attempt to make the student a scapegoat for attacks on police station. ( read original story ...)
Coronavirus Hong Kong: more than 6,000 workers at isolation facilities ‘to become jobless’ as outbreak eases
Labour sector lawmaker Dennis Leung says health authorities plan to wind down operations at six community isolation facilities as early as next Thursday. ( read original story ...)