The Hang Seng now rests just beneath the 19,870-point plateau although it's tipped to open in the green on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with bargain ... ( read original story ...)
Dollar ascends on China COVID fears, Fed rate hike pace
The dollar climbed to around a two-year high against the euro and an 18-month high versus the pound as fears about the economic impact of China's COVID-19 lockdowns and an aggressive pace of U.S. rate ... ( read original story ...)
Asian stocks steady after China agrees to support Covid-19 affected economy, oil falls below $100/bbl
An Asia-Pacific equity index eked out a gain amid calmer conditions on Chinese bourses compared with Monday’s plunge. Tech stocks in Hong Kong jumped. European futures added about 1% and US contracts ... ( read original story ...)
Virtual Banking: Hong Kong’s WeLab Bank to Offer Digital Wealth Advisory Solutions
WeLab Bank has reportedly become the "first" digital bank in Hong Kong licensed "to offer digital wealth advisory services." ... ( read original story ...)
Hong Kong Looks to Start Trade in Yuan Stocks in Second Half
Hong Kong is ready to launch yuan-denominated stock trading to cater to investors in Shanghai and Shenzhen, with final clearances from regulators in mainland China expected in the second half of the ... ( read original story ...)
Covid-19: Hong Kong’s wage subsidy scheme to start hand outs in May; full amount must be spent on salaries
The next round of Hong Kong’s Covid-19 wage subsidy scheme will open for applications on Friday and begin disbursement in early May. Employers must spend all of the funds on employees salaries or face ... ( read original story ...)
Coronavirus: limited flights and strict rules blamed for keeping foreigners away from Hong Kong
Expensive airfares, limited flight options and strict quarantine rules are deterring visitors from heading to Hong Kong, despite officials announcing foreigners can travel to the city for the first ... ( read original story ...)
Hong Kong’s iconic Star Ferry may launch its final journey after 142 years in service
After 142 years of service, Hong Kong’s iconic Star Ferry may sail its last trip between Kowloon and Hong Kong Island — unless it gets help from big-bucks ... ( read original story ...)
Mainland China property companies pull back in Hong Kong
The Two International Finance Center building and other buildings in Hong Kong in 2021. The territory is also suffering from lower demand for premium office space from a wide range of mainland tenants ... ( read original story ...)
Free media in Hong Kong almost completely dismantled – report
Government crackdown has cleared market for an expanded pro-Beijing and state-owned media sector ... ( read original story ...)
Hong Kong reopens to non-residents on May 1, theme parks restart
Hong Kong's government announced the end of a 2-year-old ban on non-residents flying into the city as its outbreak fades. Streets in Shanghai were largely empty despite an easing of restrictions that ... ( read original story ...)
Hong Kong stocks open with small gains
Hong Kong stocks started Tuesday with small gains after suffering another hefty drop in the previous session, although traders remain on edge over ... ( read original story ...)
China lockdown angst rips through markets as stocks and yuan plunge
Fears about the economic toll of China’s strict Covid-zero policy intensified, as news that lockdowns were spreading to Beijing sent stocks, commodities and the yuan tumbling. ( read original story ...)
Hong Kong reports 242 new COVID-19 cases
A staff member guides citizens at a mobile nucleic acid testing site in Hong Kong, south China, April 25, 2022. On Monday, Hong Kong registered 242 new COVID-19 cases by nucleic acid tests, and 189 ... ( read original story ...)