A former economist at HSBC Holdings Plc plans to run for a seat in Hong Kong’s legislature, vowing to stand up for the financial services sector against growing influence from China. ( read original story ...)
Hong Kong Citizens Turn to Stablecoins to Resist National Security Law
Hong Kong's national security law enables the government to seize and confiscate assets if one commits a "political crime." Some local citizens are turning to stablecoins for protection, while ... ( read original story ...)
Hong Kong will remain ‘extremely important’ financial centre despite short-term security law fallout: Andrew Sheng
Hong Kong’s proximity to China means global financial managers will continue to flock to the city for access to the mainland, says prominent ex-financial regulator Andrew Sheng. ( read original story ...)
Deutsche Bank Asia CEO Picks Singapore Base in Snub to Hong Kong
Deutsche Bank AG new Asia chief executive officer will be based in Singapore, picking the city over Hong Kong at a volatile time for the Chinese territory. ( read original story ...)
Australia financial hub push to replace Hong Kong
The federal government will consider tax and regulatory concessions to help attract capital and skilled workers fleeing Hong Kong and to make Australia an international financial services hub. Senator ... ( read original story ...)
SMOORE, VAPORESSO’s Parent, Is the First Vaping Company Listed in Hong Kong
SMOORE submitted the listing application materials to the Hong Kong Stock Exchange in the name of the holding company SMOORE International Holdings Limited. At 9:30 am on July 10, 2020, SMOORE ... ( read original story ...)
NY Times to relocate part of Hong Kong office to Seoul
The New York Times will shift part of its Hong Kong office to Seoul, the latest sign of the chill spreading in the global financial centre just two weeks after Beijing imposed a new national security ... ( read original story ...)
Nikkei 225 Breaks 22,700 Resistance, Hang Seng Wobbles on US Sanctions
The Nikkei 225 Index rose 1.5%, breaking key resistance. The Hang Seng Index struggled to hold gains after Donald Trump’s order to end Hong Kong’s special status with the US. ( read original story ...)
USD/CAD snaps four-day winning streak ahead of BOC
BOC is expected to keep the benchmark rate unchanged at 0.25 ... However, America’s shunning of Hong Kong’s special trading status and anticipated retaliation from China kept the moves capped ... ( read original story ...)
JD.com’s $3.9 billion Hong Kong IPO sees another Chinese giant diversify away from U.S. markets
Chinese e-commerce giant JD.com will go public on Thursday in Hong Kong and is expected to raise at least $3.9 billion, boosting Asia into its biggest week for initial public offerings so far in 2020. ( read original story ...)
Hong Kong Bourse Expected To Erase Tuesday’s Losses
The Hong Kong stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had gathered more than 230 points or 0.9 percent. The Hang Seng Index ... ( read original story ...)
Trump Ends Hong Kong Trade Preferences, Backs Banking Sanctions
US President Donald Trump said Tuesday he was ending trade preferences for Hong Kong and signed into law an act that authorizes sanctions on banks over China's clampdown in the international finance ... ( read original story ...)
Bankers Shocked by 45% China Tax Rate Consider Leaving Hong Kong
Fears of a Hong Kong brain drain are increasing after China moved to tax its citizens’ global income, undermining the financial hub’s appeal to thousands of bankers and other white-collar workers from ... ( read original story ...)
Wall Street stays unsettled as bank earnings reports roll in
Wall Street is flipping between gains and losses Tuesday after CEOs of the country’s biggest banks painted a mixed picture of how badly the coronavirus pandemic ... ( read original story ...)