A Hong Kong court sentenced activist Edward Leung to six years in prison Monday for his part in a violent nightlong clash with police over illegal street food hawkers two years ago. Leung, 27, was among a generation of young political activists who emerged ... ( read original story ...)
China’s Xiaomi books $1 billion quarterly loss ahead of blockbuster IPO
HONG KONG (Reuters) - Chinese smartphone maker Xiaomi booked a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering. That compares with a net loss of 43.89 billion yuan for the whole of 2017, according ... ( read original story ...)
HSBC to invest $15-17 billion as strategy swings from shrink to grow
LONDON (Reuters) - HSBC will invest $15-17 billion in areas including technology and its core Asian markets of Hong Kong and China as it swings from a strategy of cost-cutting to growth, new Chief Executive John Flint said on Monday. The announcement is ... ( read original story ...)
Standard Chartered says it will apply to operate a virtual bank in Hong Kong
Hong Kong and London-listed Standard Chartered Bank plans to apply for a virtual bank licence, making it the first traditional bank seeking a licence locally to operate purely online without physical branches. The Hong Kong Monetary Authority last month ... ( read original story ...)
Hong Kong Activist Sentenced to 6 Years for Clash With Police
HONG KONG — A Hong Kong activist was sentenced to six years in prison on Monday for his role in a 2016 clash between protesters and the police over unlicensed street vendors selling traditional snacks during the Lunar New Year. The activist, Edward Leung ... ( read original story ...)
Three Hong Kong democracy activists jailed up to seven years for rioting
HONG KONG (Reuters) - Three protesters from Hong Kong's radical youth opposition were jailed on Monday for taking part in a violent unrest, receiving the harshest sentences handed down to democracy activists since the city returned to Chinese rule in 1997. ( read original story ...)
Hong Kong pro-democracy activist jailed six years for rioting, assaulting police
HONG KONG (Reuters) - A former rising star in Hong Kong's radical youth opposition was sentenced to 6 years in jail on Monday for rioting and assaulting police, one of the city's harshest sentences against a democracy activist in recent years. Edward Leung ... ( read original story ...)
Hong Kong pro-democracy activist jailed for six years for rioting, assaulting police
HONG KONG (Reuters) - A former rising star in Hong Kong’s radical youth opposition was sentenced to 6 years in jail on Monday for rioting and assaulting the police, one of the city’s harshest sentences against a democracy activist in recent years. ( read original story ...)
Hong Kong sentences activist Leung to 6 years in prison
Chinese President Xi Jinping warned in a speech last year marking 20 years since the city became a semi-autonomous region of China that any activities in Hong Kong seen as threatening China's sovereignty and stability would be "absolutely impermissible." ( read original story ...)
Hong Kong ETF market must build up ‘one-stop shop’ ahead of Connect launch, says bourse operator
The Hong Kong exchange-traded fund industry needs more assets under management and product variety to fully benefit from the launch of the ETF Connect programme, Brian Roberts, head of exchange-traded products at bourse operator Hong Kong Exchanges and ... ( read original story ...)
Hong Kong housing: ‘useless’ land supply consultation fails to address concerns over affordable homes, participants say
A public consultation on land supply in Hong Kong has been labelled “useless” by participants who said it failed to address key concerns, such as whether it would result in more affordable housing. Others questioned whether their opinions would make a ... ( read original story ...)
Why is firm behind Hong Kong’s MTR system, known for being reliable and world-class, having a crisis of confidence?
Hong Kong’s MTR Corporation, one of the most profitable rail firms in the world, has become embroiled in a series of scandals, with one issue after another piling pressure on management. In the past few weeks, several pieces of bad news, some still ... ( read original story ...)
Donald Trump-shaped Ecstasy pills surge in popularity in Hong Kong as seizure of drug leaps by more than 60 times
Seizures of Ecstasy in Hong Kong have jumped more than 60 times to about 30,000 tablets in the first four months of this year on foreign nationals’ demand, law enforcement officials said. Amid the spike, ‘US President Donald Trump-shaped’ Ecstasy ... ( read original story ...)
Henderson’s Mong Kok launch gets strong response as Hong Kong’s property sales keep pace
Hong Kong homebuyers rushed to buy small flats that kicked off sales over the weekend, underscoring insatiable demand in the world’s priciest property market even as signs of overheating are almost ubiquitous. At Henderson Land Development’s Cetus ... ( read original story ...)