Ant Group, the fintech arm of Chinese e-commerce company Alibaba Group Holding, has made a preparatory filing with China's securities regulator for its planned blockbuster initial public offering ... ( read original story ...)
Alibaba leads Hang Seng Index tilt toward technology stocks
Alibaba Group Holding, Xiaomi and pharmaceutical research group WuXi Biologics (Cayman) will be added to the Hang Seng Index next month, a milestone in the Hong Kong market's growing focus on Chinese ... ( read original story ...)
Alibaba, Xiaomi, WuXi Biologics win green light to join the Hang Seng Index on September 7
ETFs with US$20 billion tracking the Hang Seng Index will be able to invest in the tech behemoths with weighted voting rights or secondary listings, strengthening Hong Kong as a tech listing hub. ( read original story ...)
Alibaba joins HK stocks benchmark in changing of the guard
The compiler of Hong Kong’s Hang Seng stock index has added Alibaba to its list of constituents, as the equities benchmark shifts to accommodate tech giants from the mainland. Hang Seng Bank’s index ... ( read original story ...)
Jimmy Lai says his arrest under Hong Kong’s national security law is a ‘symbolic exercise’
Hong Kong media tycoon Jimmy Lai has called his arrest a "symbolic exercise" by local authorities to demonstrate that the sweeping national security law imposed by Beijing last month has "teeth." ... ( read original story ...)
Hong Kong Forecasts Record GDP Contraction For 2020, After GDP Shrinks 9% In Second Quarter
GDP contraction recorded in Hong Kong was 5.9% in 1998 Hong Kong’s unemployment rate jumped to 6.2% in the second quarter, the highest level in more than 15 years. Hong Kong’s government said its ... ( read original story ...)
Google stops responding directly to data requests from Hong Kong government
"As always, authorities outside the U.S. may seek data needed for criminal investigations through diplomatic procedures," Google said in an emailed statement. Google reviewed all requests for user ... ( read original story ...)
In Showdown Between China and the West, HSBC Gets Caught in the Middle
Global businesses are increasingly being asked to pick political and legal sides in the confrontation between the world’s two biggest economies. ( read original story ...)
Hong Kong cuts full year economic outlook, recovery depends on virus control
Hong Kong cut its economic outlook for the year on Friday, saying a recovery from recession depended on how fast it can get a new wave of coronavirus infections under control. ( read original story ...)
China’s national security law triggering radical transformation of Hong Kong’s human rights
Despite pledges from top Hong Kong officials that the draconian national security law, which contains 66 articles and criminalizes succession and subversion, to terrorism and collusion, would only ... ( read original story ...)
Hong Kong second-quarter GDP shrinks 9% year-on-year, full-year outlook downgraded
Hong Kong's economy shrank 9.0% in the second quarter compared with a year earlier, the government said on Friday, as the coronavirus pandemic continued to severely hit the city. ( read original story ...)
Hong Kong’s economy contracts 9% on-year in the second quarter, cuts full-year GDP forecast
Hong Kong reported its fourth consecutive quarter of year-over-year economic contraction, official statistics showed Friday. ( read original story ...)
‘Made in China’ label ruling hits a raw nerve in Hong Kong
The U.S. customs move signals a bumpy path ahead for the financial hub as countries increasingly treat the territory as just another Chinese city. ( read original story ...)
‘Ambiguity’ of Hong Kong national security law causes concern for U.S. businesses: AmCham HK
The national security law in Hong Kong is 'wide in scope,' which makes its implementation hard to understand, says Tara Joseph, president of the American Chamber of Commerce in Hong Kong. ( read original story ...)