Commercial lenders in Hong Kong say they are concerned about a 30% drop in building values over the past 12 months and will consider calling in or restructuring loans if values fall much further. If ... ( read original story ...)
Nielsen: Virtual Banks to Become a Real Game Changer to Banking Industry Landscape
It has been a long journey for virtual banking to be officially in place in town. To explore the dynamics of virtual banking in Hong Kong, Nielsen has conducted a Personal Finance Monitor to study ... ( read original story ...)
Fund Scandal Was ‘Wake-Up Call’ for Noah’s Shadow-Bank Shift
Noah Holdings Ltd. was a poster child for the dangers lurking in China’s $8 trillion shadow banking system. Now it’s at the fore of a historic shift in Chinese asset management, one that policy makers ... ( read original story ...)
China’s polarising new security law: Sunset for Hong Kong, or a return to stability?
It is a new reality for Hongkongers, now that Beijing has powers to override the semi-autonomous region’s local laws and crack down on various ... ( read original story ...)
Coronavirus live news: Brazil sees record daily cases as Hong Kong on brink of ‘large-scale outbreak’
Hospitals under strain in multiple US states; Brazil reports nearly 70,000 new infections overnight; France sees highest new daily cases in a month. Follow the latest updates ... ( read original story ...)
Hong Kong’s economy shrank by 9 percent in the second quarter.
The fallout of the global coronavirus pandemic has pulled Hong Kong’s economy further into decline over the past three months, with the Chinese territory on Wednesday reporting a 9 percent contraction ... ( read original story ...)
Hong Kong’s Recession Extends With 9% Drop in Second Quarter
Hong Kong’s economy contracted for the fourth straight quarter as the coronavirus pandemic and political tensions extend the city’s first recession in a decade. ( read original story ...)
Hong Kong students arrested under national security law
Four students have been arrested in Hong Kong in the first police operation to enforce China's new national security law for the territory. The four were detained for "inciting secession" on social ... ( read original story ...)
Hong Kong Activists Arrested Under New Security Law
Police said three men and one woman aged between 16 and 21 were arrested on suspicion of organising and inciting secession. "Our sources and investigation show that the group recently announced on ... ( read original story ...)
Hong Kong Police Arrest Activists Over ‘Secessionist’ Social-Media Posts
A newly formed national-security police squad arrested four students on Wednesday for alleged secessionist activities on social media, the first such swoop on opposition activists since China imposed ... ( read original story ...)
Don’t Write Hong Kong’s Obituary Just Yet
Hong Kong did not die but has instead thrived as ... the new law but we will know things are not going well when they start leaving or are replaced, both of which appear very unlikely. ( read original story ...)
Global Banks Screening Clients for Ties to Hong Kong Pro-Democracy Movement
Wealth managers at global banks, including Britain's HSBC, are reportedly scrutinizing whether their clients have ties to Hong Kong's pro-democracy movement in an effort to avoid tangling with China’s ... ( read original story ...)
Coronavirus live news: US deaths near 150,000 as Hong Kong warns hospitals could collapse
Hong Kong outbreak ‘overwhelming’ medical system; pilgrims quarantined in Mecca as hajj begins; WHO warns pandemic is ‘one big wave’ ... ( read original story ...)
China’s banks urged to switch away from SWIFT as US sanctions over Hong Kong national security law loom
US legislation could penalise banks for serving officials who implement the new national security for Hong Kong, including cutting off access to the SWIFT financial messaging service. ( read original story ...)