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Chinese EV Maker Nio’s Stock Gains Then Slows Down on Hong Kong Debut
Shares of Chinese electric vehicle startup Nio surged rapidly in the morning before slowing down on their first day of trading in Hong Kong. Nio [HKG: 9866] was trading up 0.8 percent at HKD159 (USD20 ... ( read original story ...)
Chinese Startups’ SPAC Listings Gather Pace as Tougher Offshore IPO Rules Loom
Capital-hungry smaller Chinese startups are vying for speedy offshore listings by merging with blank-check firms at a time when Beijing's tighter scrutiny has slowed capital raising via overseas IPOs, ... ( read original story ...)
Hong Kong stocks halt four-day rout as commodity prices cool, Russia and Ukraine eye ceasefire plan
Stocks rebound from near a six-year low as weaker commodity prices temper concerns about global inflation and recession. Alibaba leads a big recovery among Chinese tech companies. ( read original story ...)
Hong Kong leader plans to reopen city after controlling latest COVID outbreak
Hong Kong leader Carrie Lam said on Thursday it was not the time to lift a ban on flights from nine countries including the United States and Britain, with plans to reopen the city only after the ... ( read original story ...)
Unprecedented use of emergency alert system saved time, Hong Kong leader says
I think the message sent yesterday was suitable,’ Carrie Lam said of the alert notifying Hongkongers of the conversion of Queen Elizabeth Hospital into a Covid treatment facility. ‘Nobody can question ... ( read original story ...)
Four things you missed from Hong Kong’s latest epidemic control measures (March 2022 update)
Hong Kong Chief Executive Carrie Lam says Compulsory Universal Testing (CUT) is no longer the government's top priority, although plans are still underway for it. ( read original story ...)
Malaysian Billionaire Glove Maker Delays Hong Kong Listing As Profit Slumps
Top Glove—controlled by billionaire Lim Wee Chai—has postponed plans to list on the Hong Kong bourse as profits tumbled after prices of rubber gloves moved closer to pre-pandemic levels. ( read original story ...)
Squat toilets and power adapters: Inside Hong Kong’s first Covid-19 isolation facility built with mainland China’s help
The 3,900-bed Tsing Yi Covid-19 isolation centre was the first of eight new quarantine facilities built with mainland help from mainland China to be completed. From its electric sockets to its ... ( read original story ...)
Coronavirus: Hong Kong school where gold medallist Cheung Ka-long learned to fence facing cash crisis because of Covid-19
Hong Kong Fencing School where Olympian Cheung Ka-long learned the sport has been closed since January because of the coronavirus surge in the city. ( read original story ...)
C Ventures, EQT co-lead $70m Series B round in UK consumer tech startup Nothing
C Ventures, a venture capital (VC) firm co-founded by Hong Kong-based conglomerate New World Development’s CEO, and Sweden’s EQT Ventures have jointly led a $70-million Series B round of financing in ... ( read original story ...)
How Hong Kong Became China’s Biggest COVID-19 Problem
Hong Kong’s COVID-19 defenses are in freefall, posing a serious threat to the rest of China’s zero-COVID strategy ... ( read original story ...)
Hong Kong to maintain highest fine of US$1.3 million for audit lapses at listed firms
Auditors of listed companies might continue to face a maximum penalty of a HK$10 million (US$1.3 million) fine under new regulatory rules that come into force in the fourth quarter, according to a ... ( read original story ...)
Prudential continues pivot to Hong Kong despite ‘difficult’ conditions
FTSE 100 life insurance group with dual headquarters plans to increase share of head office staff in territory ... ( read original story ...)