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Posted on 17/06/2021

Hong Kong’s e-dollar study in spotlight as city’s US dollar peg remains strong

Hong Kong’s de facto central bank has set up a working group to study ‘legal and regulatory issues’ related to an e-Hong Kong dollar. ( read original story ...)

Posted on 17/06/2021

Choksi siphoned off Rs 6,345 crore PNB loan through Hong Kong firms: CBI

Choksi was running a "circular trade" with companies propped up by him as pearl suppliers in Hong Kong, through which he had managed to siphon off over Rs 6,345 crore borrowed from PNB, CBI alleged ... ( read original story ...)

Posted on 17/06/2021

Manhunt under way in Hong Kong after robbers assault worker, flee with electronic parts worth more than HK$5 million

The victim was delivering goods to an industrial unit in Tuen Mun soon after 3pm when he was attacked in a lift. ( read original story ...)

Posted on 17/06/2021

Hong Kong stock exchange must expand reforms to allow SPACs and smaller companies to raise funds, experts say

Hong Kong stock exchange must undertake more reforms to attract SPACs and tweak rules to make it easier for small firms to list in the city, market experts tell China Conference organised by the Post. ( read original story ...)

Posted on 17/06/2021

Choksi siphoned off Rs 6,345 crore PNB loan through Hong Kong firms controlled by him: CBI

The CBI has alleged that Choksi made his employees directors of Shanyao Gong Si Limited and 4C's Diamond Distributors and Crown Aim, based in Hong Kong, and was controlling them. ( read original story ...)

Posted on 17/06/2021

There’s a double standard in Alibaba exec Joe Tsai’s stance on Hong Kong

In a CNBC interview, the Alibaba co-founder took up for Beijing's oppressive national security law in Hong Kong. ( read original story ...)

Posted on 17/06/2021

Hong Kong Journalist Mistaken for Sexual Predator at Protest Convicted of Resisting Arrest

Police claim an officer thought the reporter was a man trying to take photos inside a woman's restroom. The reporter, Ho Ka-yan, was sentenced to four weeks in jail. ( read original story ...)

Posted on 16/06/2021

Hong Kong’s Avant Named WEF Technology Pioneer For Cell-Cultured Seafood

The World Economic Forum has named cell-cultured seafood startup Avant one of the most promising Technology Pioneers for 2021. ( read original story ...)

Posted on 16/06/2021

2 years after mass protests rocked Hong Kong, will unrest return to city’s streets as Beijing tightens grip?

While recent demonstrations have been scattered, opposition supporters still hold sliver of hope that their cause remains alive. ( read original story ...)

Posted on 16/06/2021

Hong Kong with its China-centric securities market has a big role to play in shaping global sustainability reporting standards, regulator tells China Conference

Hong Kong has an immensely important role in global green finance, but its success hinges on shaping and rapidly adopting international sustainability reporting standards. Regulators across the world ... ( read original story ...)

Posted on 16/06/2021

Chart of the Day: Hong Kong’s New Virtual Banks Bled Cash Last Year

Hong Kong’s eight virtual banks all lost money last year, with a combined pretax loss of HK$2.4 billion ($309 million), according to a report published Tuesday. Standard Chartered-backed Mox Bank ... ( read original story ...)

Posted on 16/06/2021

Coronavirus quarantine waiver: Hong Kong will need weeks to process hundreds of applications, but the plan is ongoing

Hong Kong’s government expanded the scope of a quarantine waiver programme in May allowing senior executives from the financial industry and listed companies to conduct business upon arrival in the ... ( read original story ...)

Posted on 16/06/2021

Alibaba co-founder: Jack Ma is doing well and Hong Kong will be ‘fine’

Joe Tsai has some reassurance for those who are worried about the future of Hong Kong — and his pal, Jack Ma.The Alibaba co-founder spoke out separately on both topics in an interview with CNBC on ... ( read original story ...)

Posted on 16/06/2021

Shares of ‘China’s Invisalign’ rise up to 183% in Hong Kong IPO

Shares of Angelalign Technology nearly tripled in price in the debut of China's version of Invisalign in Hong Kong on Wednesday, a performance that may put to rest concerns the city's IPO market was ... ( read original story ...)

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