Two of Hong Kong’s biggest landlords reported lackluster results Thursday, early evidence of how deep the retail pain extends in the city. ( read original story ...)
Hong Kong reports 149 new coronavirus cases, a daily record
Hong Kong reported 149 new coronavirus cases on Thursday, a daily record, including 145 that were locally transmitted, with authorities warning the global financial hub faces a critical period as it ... ( read original story ...)
Hong Kong’s Dollar Peg Is ‘Unassailable,’ StanChart CEO Says
Standard Chartered Plc Chief Executive Officer Bill Winters said Hong Kong dollar’s peg to the greenback is “unassailable” at a time when the U.S. has threatened action against China for imposing a ... ( read original story ...)
Hong Kong police help #HKIndependence trend on Twitter
As China moves to intimidate and punish anyone who voices support for Hong Kong independence, an unlikely source has inadvertently ignited a Twitter trending hashtag advocating just that –- the city's ... ( read original story ...)
Hong Kong Eases Dining Ban; Cases Hit 17 Million: Virus Update
Hong Kong will relax its dine-in ban and allow breakfast and lunch services at restaurants starting Friday, a move that comes after the government imposed some of its tightest virus-related ... ( read original story ...)
Four Hong Kong student activists arrested for ‘secession’ over social media posts
Police in Hong Kong have arrested four members of a student-led pro-independence group for suspected secessionist offenses on social media under the city's sweeping new national security law. ( read original story ...)
Hong Kong’s homegrown WeLab Bank is now open to public
Offering 8% cash back on WeLab Debit Card spending[1] HONG KONG, July 30, 2020 /PRNewswire/ -- WeLab Bank ("WeLab Bank" or the "Bank"), a homegrown virtual bank licensed by the Hong Kong Monetary ... ( read original story ...)
Hong Kong’s commercial lenders on edge as building values tumble
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 ...)