China’s largest banks have $1.1 trillion in dollar funding at stake and face potentially steep fines from U.S. legislation that targets penalizing lenders doing businesses with Chinese officials ... ( read original story ...)
Hong Kong National Security Law Passes in Beijing Amid Global Concern
Local media reports that the law is expected to come into effect on July 1, the 23rd anniversary of the resumption of Chinese sovereignty over the territory ... ( read original story ...)
China Passes Security Law With Sweeping Powers Over Hong Kong
Lawmakers in Beijing voted in a process that has been criticized for its secrecy and haste. The law will extend the Communist Party’s reach into Hong Kong. ( read original story ...)
End of Hong Kong’s financial sector greatly exaggerated – Global Times
The Global Times has reported that the Stock Exchange of Hong Kong (HKEX) is set to welcome six IPOs this week. The article sets out to debunk the fearmongering headlines over the city's prospects in ... ( read original story ...)
China Opens Wealth Tap to Hong Kong Amid Political Crackdown
China moved to further deepen its economic ties to Hong Kong, allowing two-way cross border purchases of wealth products at the same time as authorities in Beijing push to quell dissent in the former ... ( read original story ...)
China unveils wealth management scheme for Hong Kong, Macau and mainland
China unveiled on Monday a long-anticipated scheme linking up investment in wealth management products in Hong Kong, Macau and neighbouring mainland Chinese cities. ( read original story ...)
‘Relaunch Hong Kong’ PR contract worth US$6.2 million goes to firm linked to controversy, raising eyebrows in industry
The Hong Kong government’s choice of a public relations firm to help rebuild the city’s shattered international image has raised eyebrows in the industry. PR experts wondered why the government handed ... ( read original story ...)
New World Development speeds up sale of noncore assets as disposals top HK$10 billion in financial year
Developer sells two noncore assets in Hong Kong for a combined value of HK$3.57 billion (US$460.6 million) New World says it is optimistic about Hong Kong and Greater Bay Area, which will continue to ... ( read original story ...)
Hong Kong stocks slide as a resurgence in coronavirus cases shakes optimism for swift economic recovery
A resurgence in coronavirus infections from Beijing to cities across America sends the Hang Seng Index into a third consecutive day of losses, while global death toll mounts. ( read original story ...)
HSBC, Citibank predict Hong Kong’s economy will contract by up to 5 per cent this year before recovering in 2021
HSBC Private Banking expects economy will contract 5 per cent this year, while Citibank has forecast a 4.6 per cent slump. ( read original story ...)
Asset manager Federated Hermes raises concerns over HSBC’s public support of national security law for Hong Kong
Federated Hermes, an asset manager, is concerned the new legislation could have an ‘adverse impact’ on human rights in Hong Kong, and wants to ‘fully understand’ HSBC’s reason for supporting it. ( read original story ...)
China unveils cross border wealth management scheme with Hong Kong, Macau
China announced details of a long-anticipated pilot scheme on Monday linking up investment of wealth management products in Hong Kong and Macau with neighbouring cities, to further integrate the ... ( read original story ...)
China Ties Hong Kong Closer With Cross Border Wealth Flows
China moved to further deepen its economic ties to Hong Kong, allowing two-way cross border purchases of wealth products at the same time as authorities in Beijing push to quell dissent in the former ... ( read original story ...)
China to restrict visas for some Americans over Hong Kong row
China announced Monday visa restrictions on US citizens who have "behaved egregiously" over Hong Kong, ahead of the expected approval by Chinese lawmakers of a controversial national security law for ... ( read original story ...)