Executive Council convenor Bernard Chan believes move was made because he is considered to be a ‘politically exposed person. ( read original story ...)
Hong Kong-based EMQ raises $20 million for its cross-border financial settlement tech
Cross-border financial transactions are a major headache for individuals and large companies alike, who often have to deal with long wait times and high fees in order to send money to recipients in ... ( read original story ...)
‘Already Punished’: Acquitted Hong Kong Protest Couple Rebuild
Henry Tong and Elaine To were preparing to spend their first wedding anniversary in separate prison cells -- until their acquittal for rioting during Hong Kong's pro-democracy protests. There were ... ( read original story ...)
Migrant Workers, Hong Kong Wave, TikTok: Your Tuesday Briefing
Good morning. We’re covering a devastating time for hundreds of millions of migrant workers, designers getting creative with face masks and a vacation ritual canceled this year. The pandemic has ... ( read original story ...)
Hang Seng Index May Find Traction On Tuesday
Hang Seng Bank tumbled 1.45 percent, Power Assets Holdings spiked 1.42 percent, WH Group skidded 1.33 percent, AAC Technologies retreated 1.22 percent, Hong Kong & China Gas declined 1.09 percent, ... ( read original story ...)
Hang Seng Index, China stocks gain as Moderna launches large-scale vaccine trial in US in hunt to beat Covid-19
Hong Kong, China and elsewhere. The Hang Seng Index rose 1.1 per cent to 24,863.60 on Tuesday, following two straight sessions of losses and last week’s big reversals as US and China ratcheted up ... ( read original story ...)
A lawyer who helps ultrawealthy families get secondary citizenships says business is booming in 2020 — and not just because of the coronavirus
Wealthy Americans are already looking to the election and are prepared to "vote with their feet" if taxes go up. ( read original story ...)
Ant Group’s IPO Has Deep Implications For Alibaba
Chinese equity markets were seemingly impervious to the escalating tensions between the U.S. and China which saw the closure of a consulate in each of the two countries. ( read original story ...)
Bankers Leaving Hong Kong Face Grim Job Markets and Higher Taxes
After several years weighing the pros and cons of leaving Hong Kong, Ms Lee is taking the plunge and moving to Canada. Though she has no job lined up, faces higher taxes and will have to endure harsh ... ( read original story ...)
New Zealand Suspends Extradition Treaty With Hong Kong
New Zealand has suspended its extradition treaty with Hong Kong and made a number of other changes in light of China's decision to pass a national security law for Hong Kong, Foreign Affairs Minister ... ( read original story ...)
Foreign banks refuse accounts of senior Hong Kong officials
A leading Hong Kong official has said senior members of the city’s government are finding it increasingly difficult to bank with foreign institutions as tensions mount between China and the US over ... ( read original story ...)
Asian Stocks Set for Muted Start; Gold Steadies: Markets Wrap
Asian stocks looked set to for a muted start to trading Tuesday after their U.S. counterparts closed higher on speculation the Federal Reserve will reinforce its dovish message. Gold steadied at a ... ( read original story ...)
Hong Kong Tension May Hasten Daiwa’s Plans to Shift to Mainland
Daiwa Securities Group Inc. may accelerate plans to scale back its presence in Hong Kong if the tension in the Chinese territory worsens significantly, according to the Japanese brokerage’s deputy ... ( read original story ...)
Hang Seng to Launch New Index of Benchmark-Beating Tech Stocks
A new index focused on China’s technology giants is set to give investors greater access to their growing dominance in Hong Kong’s market.The new index will track the 30 largest tech companies listed ... ( read original story ...)