Hong Kong's leader says he will implement only United Nations sanctions, not U.S. ones, after a yacht linked to a Russian tycoon docked in the city. ( read original story ...)
Hong Kong leader says he ‘laughs off’ US sanctions
Hong Kong's leader laughed off US sanctions against him Tuesday (Oct 11) as he defended his government's decision not to act against a superyacht reportedly owned by a Kremlin ally. The Nord - a US$50 ... ( read original story ...)
Hong Kong leader says “no legal basis” to act on Russian superyacht
Hong Kong leader John Lee said on Tuesday there was "no legal basis" for the city to act on Western sanctions, when asked about a Russian yacht berthed in the financial centre that belongs to a ... ( read original story ...)
Hong Kong nixes US sanctions on Russian-owned superyacht
A U.S. State Department spokesperson said in a statement Monday that “the possible use of Hong Kong as a safe haven by individuals evading sanctions from multiple jurisdictions further calls into ... ( read original story ...)
Airwallex raises $100M to power cross-border business banking, valuation stays flat at $5.5B
The economy may be showing many signs of contraction right now, but many companies still need to do business internationally. Airwallex, the Hong Kong/Australia startup that provides cross-border ... ( read original story ...)
Russian Firms Turn to Hong Kong in Bid to Avoid Sanctions
Russian companies shut out of Western financial capitals are exploring Hong Kong as an alternative, stoking concern among US officials that the Asian hub will become a haven for businesses sanctioned ... ( read original story ...)
Hong Kong’s PolyU launches city’s first metaverse postgraduate programme
The one-year Master of Science in Metaverse Technology programme is set to kick off next September, according to Hong Kong Polytechnic University Last ... what is necessary to "pursue careers in start ... ( read original story ...)
Hong Kong tech stocks drag market down 2%; Asia markets drop
Shares in the Asia-Pacific fell on Monday, with Hong Kong stocks leading losses. The Hang Seng index fell more than 2% in early trade, with the Hang Seng Tech index down 3.17%. In mainland China, the ... ( read original story ...)
As Hong Kong eases Covid-19 rules, airlines race to find pilots and cabin crew, get parked aircraft flying again
Airlines have been eager to increase flights to Hong Kong since the city stopped requiring arriving travellers to undergo compulsory quarantine last month, but many operations cannot be rushed. The ... ( read original story ...)
Hong Kong’s property market is the most volatile in the world — by far, says investment firm
Peter Churchouse of Portwood Capital says expect continued weakness in the Hong Kong property market as the "very negative sentiment" will probably continue over the next six to 12 months. ( read original story ...)
US Warns Hong Kong To Not Be ‘Haven’ for Sanctioned Russians
The US warned Hong Kong that assisting sanctioned individuals could threaten its status as a financial hub, after a megayacht linked to one of Russia’s richest men docked in the city’s harbor. Most ... ( read original story ...)
Russian superyacht in Hong Kong: Beijing and Washington cross swords over vessel, as Chinese government accuses US of ‘smearing city’
The Russian-flagged Nord, believed to be owned by steel tycoon Alexei Mordashov, arrived in Hong Kong waters on Wednesday. ( read original story ...)
Hong Kong’s axed quarantine brings no joy for China-focused business
Hong Kong's move to axe its hotel quarantine won applause from the city's battered aviation sector, but scores of other struggling businesses are pinning their hopes on cracking open a still-closed ... ( read original story ...)
A Russian oligarch’s $500M mega yacht is roiling U.S.-Hong Kong relations
Alexey Mordashov’s ‘Nord’ mega yacht avoided seizure this spring—and is now docked in Hong Kong undisturbed by authorities. ( read original story ...)