U.S. businesses say lobbying Hong Kong’s government about reopening its borders with the rest of the world has been fruitless, a sign of frustration with the city’s “Covid Zero” strategy that could ... ( read original story ...)
Hong Kong university hires US law firm to seek Tiananmen statue’s removal
A Hong Kong university attempting to remove a memorial to the Tiananmen Square massacre from its campus has hired US law firm Mayer Brown. The so-called “Pillar of Shame” by Danish artist Jens ... ( read original story ...)
Digital Banking Reaches New Level of Maturity in APAC
In Asia-Pacific (APAC), the COVID-19 pandemic has brought the digital banking industry to a new level of maturity with penetration now approaching 90% across the region. This surge was largely driven ... ( read original story ...)
Use of mobile banking, digital services rose during Covid-19 pandemic, Visa survey finds
Covid-19 has accelerated the use of digital banking services in Hong Kong over the past year. A survey conducted by global payments giant Visa found that every four in 10 consumers in the city had ... ( read original story ...)
Rising inflation could trigger global sell-off that would harm UK, says Bank
Risky asset prices in several markets are at historically high levels and could be primed for sharp fall, it adds ... ( read original story ...)
1 dead, others trapped after Hong Kong scaffolding collapses
One worker died and others were trapped Friday when a major rainstorm blew traditional bamboo scaffolding off the side of a building under construction in Hong Kong, officials and reports said. ( read original story ...)
Chinese Big Tech Bounces Back From Record Lows in Hong Kong
Alibaba shares and the Hong Kong tech index are both coming off all-time lows in Hong Kong. Whether that continues has little to nothing to do with business. ( read original story ...)
Abbisko seals Hong Kong IPO at top end
Chinese biopharmaceutical firm Abbisko pocketed HK$1.75bn this week by pricing its IPO at the top of the marketed range, helped by a large group of cornerstone investors, according to a source close ... ( read original story ...)
Hong Kong prioritized opening to China over the rest of the world. Now it’s stuck in Covid limbo
Almost two years into the Covid-19 pandemic, some of the world's major business hubs -- including New York, London and Paris -- are reopening as travel restrictions relax and daily life resumes. ( read original story ...)
Hong Kong attracts Mainland companies, startup community sees a spike
Despite the social and economic challenges faced by Hong Kong over the past two years, Hong Kong remained resilient and maintained its unique advantages and attractiveness to the international and ... ( read original story ...)
Hong Kong Can Easily Raise Financing for New City: Chan
Top Adviser to Hong Kong Chief Executive and Executive Council of Hong Kong Convenor Bernard Chan discusses the plans to build a massive city on the Chinese border to ease the housing crunch in Hong ... ( read original story ...)
Top Hong Kong Adviser ‘Pretty Sure’ Anti-Sanctions Law Is Coming
A top adviser to Hong Kong’s leader says the Asian financial hub is still going to enact a local version of a Chinese anti-sanctions law after the legislation was temporarily shelved. ( read original story ...)
Hong Kong Stock Market May Crack 25,000-Point Barrier
The Hong Kong stock market has finished higher in two of three trading days since the end of the two-day slide in which it had plummeted more than 620 points or 2.6 percent. The Hang Seng Index now ... ( read original story ...)
Nearly 2 in 5 HK adults will have virtual bank accounts by 2026
A total of 2,051,387 adults is projected to be virtual bank owners in five years. The number of adults in Hong Kong with virtual bank accounts will rise to more than two million (32%) within a ... ( read original story ...)