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Posted on 03/05/2022

Hong Kong Wealth Fund Hit By $7 Billion Quarterly Loss

(Bloomberg) -- Hong Kong’s wealth fund suffered a HK$55 billion ($7 billion) loss in the first quarter as stocks and bonds declined, opening a difficult year for the financial hub as it seeks to ... ( read original story ...)

Posted on 03/05/2022

Hong Kong police arrest 58 over online fraud totalling HK$51 million in losses, with HK$10 million love scam among cases

Most of the suspects were holders of bank accounts used to collect and launder money from a string of crimes New Territories South technology crime unit was set up in January amid a 265 per cent rise ... ( read original story ...)

Posted on 03/05/2022

Hong Kong Speeds Reopening at Bars, Beaches as Covid Eases

(Bloomberg) -- Hong Kong is accelerating its reopening plans as Covid cases drop, easing mask-wearing rules and allowing more leisure venues to reopen, despite continued circulation of the pathogen ... ( read original story ...)

Posted on 03/05/2022

Hong Kong Falls To Bottom Of Press Freedom Rankings

Hong Kong has plummeted down an international press freedom chart as authorities have wielded a draconian new security law to silence critical news outlets and jail journalists, a new report said on ... ( read original story ...)

Posted on 03/05/2022

HSBC shares rise as markets warm up to break-up proposal by top shareholder

SINGAPORE/HONG KONG (Reuters) -Shares in HSBC Holdings gained on Tuesday after its largest shareholder, Chinese insurance giant Ping An, urged a break-up of the London-headquartered bank in a bid to ... ( read original story ...)

Posted on 03/05/2022

Alibaba, JD.com, Xiaomi slide in Hong Kong while HSBC and Ping An advance amid calls to split bank’s Asian operations

Wild swings seen in prices of Chinese tech stocks following a massive rally on Friday amid speculation about an end to sector crackdown HSBC and Ping An Insurance jump amid reports calling for a break ... ( read original story ...)

Posted on 03/05/2022

Hong Kong stocks rise as Alibaba slips; Australia hikes interest rate

Alibaba and the Jack Ma Foundation did not immediately respond to a request for comment. U.K.-based bank HSBC's stock in Hong Kong rose 1.85%. On Friday, Reuters reported HSBC's top shareholder ... ( read original story ...)

Posted on 03/05/2022

HSBC shares edge up after top shareholder urges bank’s break-up

SINGAPORE, May 3 (Reuters) - Shares in HSBC Holdings rose in Hong Kong trade on Tuesday after its largest shareholder, Chinese insurance giant Ping An (601318.SS), called for a break-up of the ... ( read original story ...)

Posted on 03/05/2022

HSBC helps Hong Kong stocks to inch higher, Alibaba takes a spin

Hong Kong stocks edged higher on Tuesday, building on last Friday's gains, helped by index heavyweight HSBC which rose after its largest shareholder, Chinese insurance giant Ping An, called for a ... ( read original story ...)

Posted on 03/05/2022

How a digital revolution is redefining the way property owners design, operate and manage real estate in Hong Kong

According to a McKinsey report, existing buildings account for around 7 per cent of global CO2 emissions. In Hong Kong, a recent study found that because of its unique, high-density, built environment ... ( read original story ...)

Posted on 03/05/2022

Hong Kong plummets towards bottom of press freedom ranking

Hong Kong, a regional media hub for both international and local media, has been steadily slipping down the table under Chinese rule. In the last year alone it has plunged 68 places to 148th, ... ( read original story ...)

Posted on 03/05/2022

Hong Kong to further ease COVID curbs, bars to stay open until 2 a.m.

HONG KONG, May 3 (Reuters) - Hong Kong will further ease COVID-19 restrictions, allowing bars to open until 2 a.m. and raising the number of diners permitted at a table to eight from four, as cases in ... ( read original story ...)

Posted on 03/05/2022

Hong Kong to accelerate reopening from this week as Covid-19 cases fall

HONG KONG (BLOOMBERG) - Hong Kong will bring forward reopening plans as cases drop, easing mask-wearing rules and allowing more leisure venues to reopen from this week, Chief Executive Carrie Lam said ... ( read original story ...)

Posted on 03/05/2022

PayMe and BOC Pay to join next phase of consumption voucher scheme

The Hong Kong government has added HSBC's PayMe and Bank of China (Hong Kong)'s BoC Pay in implementing the second phase of the consumption voucher scheme this year. There will be a total of six ... ( read original story ...)

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