Banks operating in Hong Kong are stepping up scrutiny of their customers and at least one U.S. bank is moving to suspend accounts to avoid running afoul of U.S. sanctions slapped on city officials, ... ( read original story ...)
Manulife Hong Kong reports financial results for second quarter and first half of 2020
The Manulife group of companies operating in Hong Kong ("Manulife Hong Kong") today announced positive financial results for the second quarter and first half of 2020. Despite the challenges of ... ( read original story ...)
China bank failure fires quiet warning shot
Beijing will let Baoshang Bank go under in the first such insolvency since 2001 – a quiet warning shot fired at Chinese financial markets. The liquidation of the municipal lender, used as a piggy bank ... ( read original story ...)
Mild Support Anticipated For Hong Kong Stock Market
The Hong Kong stock market has moved lower in back-to-back trading days, sinking almost 600 points or 2.4 percent along the way. The Hang Seng Index now rests just above the 24,530-point plateau and ... ( read original story ...)
Hong Kong media mogul Jimmy Lai arrested under security law
Hong Kong media mogul Jimmy Lai, one of the city's most vocal Beijing critics, was arrested Monday under a new national security law for colluding with foreign forces, deepening a crackdown on ... ( read original story ...)
National security law: Hong Kong’s financial institutions gripped by anxiety over United States sanctions
Bank insiders say they are walking a tightrope between following US requirements and ensuring they comply with Hong Kong laws. ( read original story ...)
Hong Kong Crisis Deals $7.7 Billion Blow to Property Tycoons
CK Asset, Wharf, Sun Hung Kai have all been affected, and prime office rents may drop 15% to 20% in 2020, an analyst says. ( read original story ...)
Hong Kong musicians falling on hard times as Covid-19 financial relief packages pass them by
Working performers not always eligible for financial support from government, with venues such as bars not recognised under scheme. ( read original story ...)
Hong Kong reports 72 new coronavirus cases
Hong Kong reported 72 new coronavirus cases on Sunday, of which 63 were locally transmitted, as authorities continued efforts to contain a resurgence of infections in the global financial hub over the ... ( read original story ...)
Hong Kong fires back at “shameless” U.S. sanctions
China slammed the United States for imposing "barbarous" sanctions in response to Beijing's crackdown in Hong Kong. ( read original story ...)
UPDATE 1-HK regulators see limited sanctions impact as banks weigh action
Hong Kong financial regulators sought to calm market fears on Saturday as global financial firms in Hong Kong weighed cutting ties with local clients after the United States imposed sanctions on ... ( read original story ...)
Hong Kong markets watchdog says it does not think sanctions will affect financial firms
Hong Kong's markets watchdog is not aware of any aspect of U.S. sanctions imposed on Hong Kong officials that will affect how financial firms carry on their normal operations in the city, a spokesman ... ( read original story ...)
U.S. Sanctions Hong Kong’s Chief Carrie Lam Over China Crackdown
The U.S. is placing sanctions on 11 Chinese officials and their allies in Hong Kong, including Chief Executive Carrie Lam, over their roles in curtailing political freedoms in the former U.K. colony, ... ( read original story ...)
U.S. to impose sanctions on Hong Kong leader Lam, other Chinese officials: Bloomberg
U.S. President Donald Trump's administration will impose sanctions on Hong Kong Chief Executive Carrie Lam and other Chinese officials on Friday for their role in curtailing political freedoms in the ... ( read original story ...)