Among them is HSBC, which is to donate more than HK$60 million (US$7.7 million) to benefit 600,000 people after its controversial decision to cancel dividends angered many shareholders. Those with ... ( read original story ...)
Hong Kong downgrades to AA- rating with a ‘stable’ outlook amid virus: Fitch Ratings
Andrew Fennell of Fitch Ratings discusses Hong Kong's downgraded rating, citing the coronavirus pandemic as its "second major economic shock" in the last twelve months. The senior director of ... ( read original story ...)
Hong Kong Charges Teens With Murder Tied to Protests
Charges related to a man who was hit on the head by a brick thrown during an antigovernment protest last year is the most serious criminal indictment yet over the unrest. ( read original story ...)
Hong Kong reshuffles govt. as debate rages over Beijing’s role
Hong Kong unveiled a government shake-up on Wednesday that it said was aimed at reviving the financial hub's beleaguered economy and had nothing to do with a recent controversy over Beijing's role in ... ( read original story ...)
Hong Kong’s central bank sets dollar liquidity facility at $10 bln
The Hong Kong Monetary Authority's (HKMA) said on Wednesday its new U.S. dollar lending facility will total $10 billion, in a bid to shore up U.S. dollar liquidity among local banks. Add details HONG ... ( read original story ...)
How Hong Kong’s Intervention Battle Will Chill The Carry Trade
Hong Kong’s defense of its currency peg will likely boost the interbank liquidity pool to a level unseen in two years, lowering local borrowing costs and weakening its dollars. ( read original story ...)
Why Hong Kong Is Extending Coronavirus Restrictions – Even as New Cases Dwindle to Zero
Hong Kong's conservative approach is in sharp contrast to the U.S., where some leaders are pushing to lift restrictions and reopen the economy as quickly as possible ... ( read original story ...)
What’s Next in Hong Kong’s Protests After the Coronavirus Lull?
The coronavirus outbreak put a damper on months of protests in Hong Kong, but political tension over China’s tightening grip on the city looks set to intensify rather than dissipate ahead of local ... ( read original story ...)
Fitch cites Hong Kong’s increasing closeness to China as a reason for rating downgrade
Ratings agency Fitch lowered Hong Kong's sovereign rating from AA to AA- with a stable outlook. The move was the agency's second downgrade of the city's rating in less than a year, and places Hong ... ( read original story ...)
Hong Kong Leader Carrie Lam Replaces Five Ministers in Cabinet Reshuffle
Hong Kong Chief Executive Carrie Lam replaced five senior officials, including the minister overseeing ties with Beijing, in the biggest cabinet reshuffle since hundreds of thousands of demonstrators ... ( read original story ...)
Hong Kong security chief warns of rising risk of ‘home-grown terrorism’
Critics say authorities in Hong Kong and Beijing are increasingly using the threat of what they call terrorism to justify calls for new national security laws. ( read original story ...)
A fresh crackdown in Hong Kong ‘will result in deaths’, says democracy leader
Martin Lee, who was arrested on Saturday, says protests will turn fatal if authorities go ahead with expected national security push ... ( read original story ...)
Hong Kong reshuffles cabinet as war of words with Beijing intensifies
China’s state council approved a Hong Kong government shake-up on Wednesday at a time when Beijing is reaffirming its authority over the city, raising political tensions and risking a revival of ... ( read original story ...)
Hong Kong Leader Says Reshuffle Aimed at Economic Recovery After Coronavirus
Hong Kong Leader Says Reshuffle Aimed at Economic Recovery After Coronavirus China's state council approved a Hong Kong government shake-up earlier on Wednesday. Ratcheting up tensions in the past ... ( read original story ...)