An important chapter for Hong Kong's capital markets is ready to be unveiled as the rules for establishing a new SPACs listing regime are set to take effect on 1 January 2022. In this update, we will ... ( read original story ...)
In the shadow of Hong Kong’s skyscrapers, the poor scavenge for cardboard
Cheung Yuk-fong spends her day collecting discarded packaging for re-sale, a growing industry in one of the world’s most unequal cities, Hong Kong. “There seems to be more people scavenging cardboard ... ( read original story ...)
Hong Kong tears down ‘Pillar of Shame’ sculpture honoring Tiananmen victims
The artwork's removal underscored the dramatic political changes in the city, where authorities have sharply curtailed freedom of expression since China imposed a harsh security law last year. ( read original story ...)
China’s Xi Tells Lam Hong Kong Is Heading in Right Direction
Chinese President Xi Jinping told Hong Kong leader Carrie Lam the city is developing in a good direction, days after an election installed a legislature of Beijing loyalists in the Asian financial hub ... ( read original story ...)
Pillar of Shame: Hong Kong’s Tiananmen Square statue removed
A famous statue at the University of Hong Kong commemorating the Tiananmen Square massacre has been removed. Construction workers worked overnight behind plastic barriers to dismantle the 8m (26ft) ... ( read original story ...)
Hong Kong must wake up from ‘myth of American-style democracy’, says top Beijing diplomat
Liu Guangyuan makes remarks during briefing session for consul generals, foreign business chambers and selected media. But one diplomat calls event ‘very awkward’ and says China and West are ‘just ... ( read original story ...)
Hong Kong ‘Pillar of Shame’ Tribute to Tiananmen Victims Removed From University Campus
A monument at Hong Kong University (HKU) that commemorated the 1989 Tiananmen Square massacre was obscured from public view and removed on Wednesday, December 22, according to the South China Morning ... ( read original story ...)
Chinese AI Firm SenseTime Refiles for Hong Kong IPO
SenseTime, the Chinese artificial intelligence software company, has refiled for its Hong Kong initial public offering – without offering shares to U.S. investors. According to TheStreet’s Alex Frew ... ( read original story ...)
China’s economic growth will slow sharply in 2022, World Bank says
The World Bank has cut its forecasts for China's economic growth this year and next, as the world's second largest economy faces mounting headwinds from the new Omicron variant to a severe property ... ( read original story ...)
Hong Kong national security law: 3 months’ jail for former executive member of group behind Tiananmen Square vigil
Simon Leung, formerly of Hong Kong Alliance in Support of Patriotic Democratic Movements of China, is the first to be found guilty and sentenced for breaching implementation rules of the national ... ( read original story ...)
Hong Kong’s Li & Fung sells logistics arm to Danish shipping giant AP Moller-Maersk for US$3.6 billion
The sale of LF Logistics, which offers both contract logistics services across Asia and freight management services globally, is expected to close in 2022 pending regulatory approval. ( read original story ...)
Melco Resorts sues former mistress of jailed Macau ‘junket king’ for return of mortgaged luxury Hong Kong flat
Court documents show Mandy Lieu was listed as the mortgagor of the flat, with junket operator Alvin Chau’s Sun City Gaming Promotion named as the borrower and Melco as the lender. ( read original story ...)
Risky Business: Why US Firms Are Pulling Up Stakes in China
As tensions escalate and uncertainty abounds, it's getting harder for U.S. firms to find success in China. As relations between the United States and China have spiraled dangerously downward in recent ... ( read original story ...)
Tiananmen massacre statue barricaded at Hong Kong university
A monument at a Hong Kong university that commemorated the 1989 Tiananmen massacre was boarded up by workers late Wednesday, prompting fears over the future of the monument as the city’s authorities ... ( read original story ...)