Bookstore owner to ask Pelosi to help Hong Kongers at Taipei meeting
By Sarah Wu TAIPEI – A staunch defender of human rights and long-time China critic, U.S. House of Representatives Speaker Nancy Pelosi is set to meet rights activists in Taiwan on Wednesday,…
Mediolanum leads Italian investors in Ferretti’s Hong Kong IPO-source
MILAN – Italian investors led by Milanese asset manager Banca Mediolanum bought into an Hong Kong initial public offering by luxury yacht maker Ferretti, which saw Chinese investors take the lion’s share,…
Goldman Sachs expects Hong Kong home prices to fall 20% by end-2025
HONG KONG – Goldman Sachs said Hong Kong residential property prices could drop as much as 20% through 2025, hurt by a drag on household income and homebuyer demand caused by the…
Hong Kong replaces State Street as manager of largest ETF
By Selena Li HONG KONG – A supervisory body of Hong Kong’s central bank has decided to replace a unit of State Street Corp as manager of the territory’s largest exchange-traded fund…
Yacht maker Ferretti raises $243 million in Hong Kong IPO
SYDNEY – Italian luxury yacht maker Ferretti Group has priced its shares at HK$22.88 each, the lower end of its proposed range, to raise HK$1.9 billion ($242.75 million) in its Hong Kong…
State Street’s SSGA set to lose $14 billion Hong Kong ETF mandate -sources
By Selena Li HONG KONG – Hong Kong Monetary Authority (HKMA) has decided to replace State Street Corp unit State Street Global Advisors (SSGA) as manager of the HK$111 billion ($14.2 billion)…
Hong Kong’s first SPAC listing sees Aquila shares slip
By Donny Kwok and Scott Murdoch HONG KONG – Aquila Acquisition Corp shares slipped on Friday in the first special purpose acquisition company (SPAC) listing in Hong Kong as the city’s bourse…
Airline startup Greater Bay’s launch slowed by COVID situation in Hong Kong – CEO
By Jamie Freed – Hong Kong startup Greater Bay Airlines has scaled back its initial growth ambitions due to tight pandemic-related quarantine restrictions and has yet to set a date for its…
China bars mainland brokers from promoting SPAC deals in Hong Kong – sources
By Scott Murdoch, Samuel Shen and Selena Li SYDNEY/HONG KONG – China’s securities regulator has barred the country’s investment banks it regulates from acting as promoters of blank-check firms in Hong Kong,…
U.S. CDC urges Americans to avoid travel to Hong Kong, New Zealand
By David Shepardson WASHINGTON -The Centers for Disease Control and Prevention (CDC) on Monday urged Americans to avoid travel to Hong Kong, New Zealand and Thailand over COVID-19 cases. The CDC elevated…
Hong Kong January exports rises 18.4 pct y/y
HONG KONG, Feb 24 – Hong Kong released January export data on Thursday: * January exports rises 18.4 pct y/y Hong Kong trade: Percent change on a year earlier: All exports Imports…
Hong Kong bourse operator’s annual net profit rises 9%
HONG KONG – The Hong Kong stock exchange operator’s 2021 net profit rose 9% but missed expectations, as China’s regulatory crackdowns resulted in fewer listings and struggling markets hurt its investment income.…
Hong Kong economy expected to grow 2.0%-3.5% in 2022- finance sec
HONG KONG – Hong Kong’s economy is expected to grow 2.0% to 3.5% this year after expanding 6.4% in 2021, as social restrictions to tackle a growing COVID-19 outbreak are expected to…
JPMorgan’s Holsheimer to leave Hong Kong -memo
SYDNEY – One of JPMorgan’s most senior Asia Pacific equities bankers, Ryan Holsheimer, is leaving the bank and Hong Kong to return to Australia, according to a memo seen by Reuters. Holsheimer…
Hong Kong’s Nov-Jan unemployment unchanged at 3.9%, outlook gloomy
HONG KONG – Hong Kong’s seasonally adjusted unemployment rate was unchanged at 3.9% in the November-January quarter, the government said on Monday, and the outlook is overshadowed by a surge in coronavirus…
Hong Kong ‘cannot afford to lose’ fight against surging COVID
By Joyce Zhou and Twinnie Siu HONG KONG – Hong Kong leader Carrie Lam said on Friday that it would take up to three months to stabilise a worsening COVID-19 pandemic that…
Hong Kong leader election postponed as city battles COVID surge
HONG KONG – The election of Hong Kong’s chief executive, scheduled to be held in March, will be postponed to May as the Asian financial hub battles to control an accelerating surge…
Hong Kong group says retail traffic has dropped 40% from Dec
HONG KONG – The Hong Kong Retail Management Association said on Thursday retail traffic in the global financial hub has dropped 40% from December as a surge in coronavirus cases and tighter…
Xi Orders Hong Kong To Get Its COVID Outbreak Under Control
Chinese leader Xi Jinping demanded that Hong Kong’s government get its Omicron coronavirus surge, which has overwhelmed the city’s healthcare system, under control, The Wall Street Journal reported. Xi’s order was published…
Hong Kong Arrests Pro-Democracy Pop Singer For Sedition
Hong Kong police announced Tuesday they had arrested a 41-year-old man, identified by local media as singer Tommy Yuen, for suspected sedition and money laundering, Reuters reported. Yuen was taken into custody…
HSBC names Lim as CEO of Hong Kong business
SINGAPORE – HSBC said on Monday it has appointed Luanne Lim as the chief executive officer of its Hong Kong business, its biggest market, as the Asia-focussed bank looks to expand its…
Ex-Bank of America lawyer loses appeal of conviction for assault of Hong Kong policeman
By Jessie Pang HONG KONG – An American lawyer convicted of assaulting a plain-clothes Hong Kong police officer during anti-government protests in 2019 lost his appeal on Tuesday and was taken back…
Hong Kong university covers up Tiananmen crackdown memorial slogan
By Jessie Pang HONG KONG – A leading Hong Kong university on Saturday covered a painted slogan commemorating China’s Tiananmen Square crackdown, the latest instance of a public June 4 memorial being…
Hong Kong’s Bank of East Asia proposes $372 million share buyback
– Hong Kong’s Bank of East Asia Ltd said on Friday it intends to buy back 8.43% of its total issued shares worth HK$2.904 billion ($372.65 million) owned by hedge fund Elliot…
Hong Kong Exchange Fund’s 2021 investment income falls 27.7% y/y – HKMA
HONG KONG -Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$170.5 billion ($21.9 billion) in 2021, the Hong Kong Monetary Authority said on…
Leaping Lizards, New Jersey man sentenced for illegally shipping reptiles to Hong Kong
TRENTON, N.J. — A New Jersey man who illegally tried to send 10 live lizards to Hong Kong has been sentenced to three years of probation, including with six months of home…
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