With ironic timing, the management at Hong Kong’s public broadcaster Radio Television Hong Kong (RTHK) chose May 3—World Press Freedom Day—to initiate a spate of actions that flew in the face of the ... ( read original story ...)
Fitch Affirms Power Finance Corporation at ‘BBB-‘; Outlook Negative
Fitch Ratings has affirmed Power Finance Corporation Limited's (PFC) Long-Term Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Negative, in line with that on the India sovereign (BBB-/Negative). ( read original story ...)
Coronavirus: Hong Kong to launch ‘cruises to nowhere’ as early as July, with strict Covid-19 rules in place
Minister unveils details of scheme allowing Hongkongers to embark on stop-free sea voyages; conditions include full vaccination, compulsory testing and reduced capacity. ( read original story ...)
Hong Kong Voters to Elect 15 Fewer Lawmakers Under New Legislative Proposal
The amendments will allow the city's national security department to perform background checks of potential candidates. Voters will only directly elect 20 lawmakers, as opposed to the usual 35. ( read original story ...)
Hong Kong: Bond plans to be modified
The resolutions seek to raise the maximum amount of borrowings under the Government Bond Programme from $200 billion to $300 billion, and that under the Government Green Bond Programme (GGBP) from ... ( read original story ...)
Primavera’s founder splashes US$55 million on Hong Kong mansion after year of blockbuster deal making
More than HK$15 billion worth of luxury home sales, involving abodes of at least HK$100 million each, had changed hands this year in Hong Kong, underscoring how the ultra-wealthy continue to defy the ... ( read original story ...)
NetEase’s Music App Files for $1 Billion Hong Kong IPO
Chinese gaming giant NetEase Inc.’s music streaming arm has filed for an initial public offering in Hong Kong as the Tencent Holdings Ltd. rival ratchets up competition in online content. ( read original story ...)
Hong Kong shares end at near 4-week high as inflation woes ease on dovish Fed
Hong Kong shares closed at a near four-week high on Wednesday, led by tech and property stocks, as a strong yuan and U.S. Federal Reserve's dovish monetary policy stance soothed inflation concerns. ( read original story ...)
Storage wars: Hong Kong’s industrial buildings coveted by funds as pandemic lures Blackstone, boosts yield appeal
Hong Kong is experiencing a boom in demand for industrial buildings given the rise in external self-storage needs. Funds including US private equity giant Blackstone are heating up competition. ( read original story ...)
Hong Kong’s IPO Market: Resilience and Innovation
Hong Kong’s increasing focus on new-economy and high-tech financing has kept the stock exchange resilient through the coronavirus pandemic. ( read original story ...)
Hong Kong legislature due to approve curbs on public vote
Hong Kong’s legislature is expected to change electoral laws to drastically reduce the public’s ability to vote for lawmakers and increase the number of pro-Beijing lawmakers making decisions for the ... ( read original story ...)
Why China is bent on crushing dissent in Hong Kong
It passed a stringent national security law last year, and now it has reformed the way Hong Kong is run, ensuring only "patriots" can enter local government. But why exactly is China so? And what does ... ( read original story ...)
With Art Basel Hong Kong and Eurovision in the same weekend, the global arts scene signals a return
With two major events in the same weekend, the international arts scene signaled it has no intention of letting yet another year get canceled by Covid. ( read original story ...)
Hong Kong Luxury House Bought for $55 Million by Private Equity Firm Founder
Fred Hu, the founder of Chinese private equity firm Primavera Capital Ltd., has bought an ultra-luxury house in Hong Kong for HK$428 million ($55 million), as wealthy mainland citizens continue to ... ( read original story ...)