HONG KONG -- Electric vehicle startup WM Motor, one of China's ambitious challengers to Tesla, said it raised 10 billion yuan ($1.47 billion) from a group of state-backed investors -- among others ... ( read original story ...)
EXCLUSIVE-Hong Kong-listed semiconductor maker ASM Pacific plans to go private – sources
Hong Kong-listed semiconductor equipment manufacturer ASM Pacific Technology Ltd is in talks with potential investors to help take it private, people with direct knowledge of the matter told Reuters. ( read original story ...)
Hong Kong’s Disneyland to reopen on September 25
Hong Kong's Disneyland said on Tuesday it will reopen on Friday to a reduced number of visitors and limited days, with enhanced health measures after the latest wave of coronavirus infections forced ... ( read original story ...)
Hong Kong Disneyland Theme Park to Reopen This Week
The Hong Kong Disneyland theme park is to reopen this week after being closed two times for coronavirus control reasons. It will reopen on Friday (Sept. 25) and operate a five days per week regime. ( read original story ...)
Hong Kong Extends Social Distancing Measures for Another Week
Hong Kong will extend virus-related social distancing measures for another week amid persisting signs of hidden Covid-19 transmission, Chief Executive Carrie Lam said. ( read original story ...)
Continued Consolidation Anticipated For Hong Kong Stock Market
The Hong Kong stock market headed south again on Monday, one session after it had ended the two-day losing streak in which it had ... ( read original story ...)
Asia-Pacific stocks slip; HSBC and StanChart shares in Hong Kong continue to drop
Investor reaction to the overnight drop in stocks stateside, where the Dow Jones Industrial Average dropped more than 500 points, was watched. ( read original story ...)
Hong Kong activists detained in mainland China denied family access
The families of 12 Hong Kong activists intercepted at sea by China after fleeing the city have not had contact with them since they were arrested almost a month ago, according to the relatives of one ... ( read original story ...)
BOC Aviation: All Eyes On Aircraft Deliveries And Impairment Losses
BOC Aviation's net profit after tax increased +1% YoY in 1H 2020, as a strong +11% topline growth was offset by impairment losses on financial assets and aircraft. ( read original story ...)
HSBC and StanChart shares tumble after reports claim they moved suspicious funds; Hong Kong leads losses in Asia-Pacific
The banks were identified in reports as having allegedly moved large sums of suspicious funds over a period of nearly two decades. ( read original story ...)
Jack Ma’s Ant Group raises its funding target to $35 billion, likely making it the largest IPO ever
When Ant goes public, it will likely earn a massive valuation that puts it ahead of Saudi Aramco's record-shattering $25.6 billion IPO late last year. ( read original story ...)
Coronavirus: Hong Kong government to give one-time handout of HK$10,000 to non-permanent residents in need
Critics of the move maintain newcomers to Hong Kong haven’t contributed enough to warrant help, while supporters insist they are part of the city’s fabric. ( read original story ...)
Asia-Pacific Markets Rocked by Plunge in Hong Kong Bank Stocks, Rising Global Virus Fears
Pacific stock indexes were lower on Monday, with Hong Kong’s Hang Seng Index leading losses. Markets in Japan were closed on Monday for a holiday. The catalysts behind the weakness were reports that ... ( read original story ...)
Hong Kong has effective anti-money laundering supervision: regulator
Hong Kong's banking regulator said the financial hub was committed to meeting international standards on anti-money laundering, after media reports that some leading banks had moved large sums of ... ( read original story ...)