Alibaba will shut down operations of Tmall Hong Kong on October 31, as the company sharpens its focus on cross-border e-commerce opportunities That move comes as no surprise, according to analysts, ... ( read original story ...)
Hong Kong raises benchmark interest rate following Fed move
The Hong Kong Monetary Authority increased its base rate by 75 basis points to 2.75% on Thursday after the Federal Reserve raised interest rates. The HKMA moves in lockstep with the Fed, given the ... ( read original story ...)
Hong Kong must repeal national security law: UN watchdog
A UN watchdog voiced alarm at deteriorating rights in Hong Kong, especially calling on the Chinese territory to repeal the sweeping National Security Law imposed by Beijing two years ago. ( read original story ...)
Tech Giant Alibaba Seeks Primary Listing Status on Hong Kong Stock Exchange
If completed, the move would also take advantage of incentives in Hong Kong aiming to attract Chinese high-tech companies to the “special autonomous region.” ... ( read original story ...)
Hong Kong raises base rate to 2.75 per cent in lockstep with US Fed’s 75-basis point hike
The HKMA's chief executive Eddie Yue Wai-man is expected to hold a press briefing on Thursday morning after the interest rate increase Hong Kong's monetary policy has been run in lockstep with the Fed ... ( read original story ...)
Classic Hong Kong bakery Happy Cake Shop to close after 45 years in business as landlord takes back premises
Happy Cake Shop leaves fans miserable after it announces it will close its Wan Chai operation at the start of next month Shop joins list of city food institutions that have shut down in recent times. ( read original story ...)
Wall Street Watchdog ‘Not Willing’ to Send Auditors to China, Hong Kong Before Complete Audit Deal
The head of the U.S. Securities and Exchange Commission (SEC) said Wednesday that he will not send public accounting inspectors to China or Hong Kong unless Washington and Beijing can agree on ... ( read original story ...)
Hong Kong’s Star Ferry faces an uncertain future, as ridership falls and debt climbs
A drop in tourism due to political turmoil and the pandemic led to financial woes for the ferry, which has taken passengers across Victoria Harbor for decades. Now there are fears it may go bankrupt. ( read original story ...)
Classic Hong Kong bakery Happy Cake Shop to close after 45 years in business
Happy Cake Shop leaves fans miserable after it announces it will close its Wan Chai operation at the start of next month. ( read original story ...)
Hong Kong property tycoon accuses US of intending to destroy city’s financial status, mainland China
Hang Lung Group chairman Ronnie Chan says city must not underestimate 'madness with which the US wants to destroy mainland China', and Hong Kong Property tycoon and ex-head of securities watchdog also ... ( read original story ...)
HSBC to be told it must break up bank in meeting with Hong Kong investors
The boss of HSBC will be urged to carve the bank in two when he meets retail investors in Hong Kong for the first time in three years as China increasingly asserts control over the business. Noel ... ( read original story ...)
Hong Kong to launch tech fund to attract local firms, foreign start-ups
Hong Kong will launch a fund worth HK$5 billion (23 billion baht) next month to support local tech companies and attract foreign start-ups, the city's finance chief has said. ( read original story ...)
Hong Kong protesters are leaving prison as pariahs under China’s tight grip
More than 10,000 Hong Kongers were arrested during the 2019 political unrest. As the mostly young people trickle out, their future remains uncertain in a city firmly under the grip of authoritarian ... ( read original story ...)
Hong Kong security law, imposed by China and denounced by the West, must be repealed, says UN panel
Hong Kong's controversial national security law should be repealed, experts on the UN Human Rights Committee said on Wednesday, amid concerns the legislation is being used to crack down on free speech ... ( read original story ...)