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The Latest Breaking News from Hong Kong

Global Markets: Chinese fast fashion retailer Shein finally wins approval for Hong Kong IPO

Fast-fashion titan Shein has gained approval for its Hong Kong IPO after previous attempts were blocked. Although the company has faced strict regulatory examination and backlash in the US and UK markets, it seeks to rebound. Currently, investors project its valuation could be between forty to fifty billion dollars. This…

The Economic Times

Thai authorities detain Canada-bound Hong Kong activist

Thai authorities have detained an activist wanted by Hong Kong authorities for national security violations just hours before she was to fly to Canada under a refugee resettlement agreement.

Bangkok Post

Brazil: Sao Paulo's AI surveillance system accused of racial profiling

Under the guise of fighting crime, Sao Paulo has rolled out the world's largest facial recognition system operated by a city. India, China, Hong Kong and the United Kingdom have introduced similar technologies under vague legal frameworks. But no city has embraced surveillance on the same scale as Sao Paulo,…

France 24

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HOT 70 debuts in Thailand with big battery, rugged build

Hong Kong-based tech brand Infinix has launched the HOT 70 in Thailand, a budget-friendly handset starting at 4,999 baht that pairs a 6,000 mAh battery and 45W fast charging with rugged build quality and unusually long software support for the entry-level segment.

Bangkok Post

Cathay Pacific aircraft's tail hit runway at Hong Kong airport, airline confirms

Cathay Pacific Airways has confirmed that the tail of a passenger aircraft struck the runway at Hong Kong airport last week, prompting the city's aviation regulator to order the airline to submit a report.

Bangkok Post

Dozens of Hong Kong flights cancelled as Typhoon Bavi nears Taiwan

Dozens of outbound flights from Hong Kong to Taiwan, mainland China and Japan originally scheduled for later this week have been cancelled due to Super Typhoon Bavi, with some local carriers offering special arrangements for affected passengers.

Bangkok Post

Hong Kong eateries welcome dogs in a step to promote a pet-friendly society

Hong Kong has relaxed a decades-old rule, allowing dogs in over 900 approved restaurants

The Independent UK

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Racing warrior Rebel’s Romance continues world tour with Newmarket victory

From San Diego to Hong Kong, via Dubai, Saudi Arabia, Germany and Qatar the gelding keeps on winning

The Guardian - UK

London art gallery linked to Princess Eugenie cleared of breaching Russia sanctions

Hauser & Wirth has a showroom in Savile Row, Mayfair, and locations in New York, Los Angeles, Hong Kong, and Paris

Evening Standard

Apple supplier Luxshare drops 4% in Hong Kong debut

Shares in Chinese electronics manufacturer Luxshare dropped by more than four percent in its Hong Kong debut on Thursday, after raising around US$3.1 billion to become the finance hub's largest listing this year. Hong Kong stock exchange was abuzz with listing celebrations on Thursday, welcoming five other Chinese technology and…

The Economic Times

Business Brief (July 8): Asia Stocks Decline

China’s gold reserves rise for 20th consecutive month, PBOC to deepen Hong Kong’s bond, offshore yuan markets

Caixin Global

Cathay Pacific cuts fuel surcharges again as jet fuel prices ease

Cathay Pacific Airways will reduce fuel surcharges on most passenger flights starting July sixteenth. This marks the third reduction since the Middle East crisis began. Fuel surcharges for flights to North America and Europe will decrease by seventeen percent. Surcharges for flights to the South Asian subcontinent will also see…

The Economic Times

Global Market: Momenta Global debuts nearly flat in Hong Kong after $751 million IPO

Momenta Global shares debuted on the Hong Kong Stock Exchange with a muted reception. The autonomous-driving software developer raised HK$5.89 billion in its initial public offering. Investor sentiment remains cautious despite strong cornerstone backing from major firms. The company plans to use IPO proceeds for research and expansion. Momenta's listing…

The Economic Times

Gold eases as fresh US-Iran tensions lift oil prices, rate-hike bets

Gold prices fell to a near-weekly low as U.S. strikes on Iran boosted oil and the dollar. Higher interest rate expectations are pressuring the non-yielding precious metal. China's central bank reported its largest monthly gold reserve increase in over two years. Hong Kong authorities unveiled measures to bolster currency and…

The Economic Times

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The Economic Times

Global Market: Beijing, Hong Kong unveil measures to boost Yuan, bond and gold markets

Beijing and Hong Kong announced measures to boost financial connectivity and yuan internationalization. The southbound Bond Connect quota increased, and yuan liquidity support expanded significantly. Hong Kong launched new gold clearing infrastructure and revived gold futures trading. Authorities are also developing electronic platforms for bond and foreign exchange trading. These…

The Independent UK

Hong Kong activist Joshua Wong set for September sentencing in second national security case

Hong Kong activist Joshua Wong is scheduled to be sentenced in September in a case brought under a Beijing-imposed national security law

Bangkok Post

Hong Kong launches gold clearing system, aims to be regional reserve hub

HONG ⁠KONG - Hong Kong launched a central clearing system for ‌gold on Tuesday and also revived gold futures trading as it seeks to become a regional reserve hub ⁠for the precious metal.

Bangkok Post

Bangchak finalises B8.91bn acquisition of Chevron HK

Energy conglomerate Bangchak Corporation has completed its acquisition of Chevron Hong Kong, a move the company believes will strengthen its foothold in North Asia despite mounting challenges in the oil retail sector.

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The Economic Times

Global Market: Profit-booking fears rise as Hong Kong's hottest IPOs face lock-up expiry

Hong Kong's equity market is set for a record wave of lock-up expirations, with billions of dollars' worth of previously restricted shares becoming eligible for trading. Analysts warn the increased supply could weigh on stock prices, even as strong IPO gains encourage profit-booking and investors closely monitor market sentiment.

The Economic Times

Indian toy market holds strong growth potential: China Toy Association Chair

A delegation from China, Taiwan and Hong Kong visited the Indian toy show, where industry representatives explored opportunities for collaboration with their Indian counterparts.

Caixin Global

The Week Ahead (July 6-11): Major Stock Exchanges to Implement New Trading Rules

Momenta to debut on the Hong Kong Stock Exchange; the 25th China Internet Conference opens in Beijing

The Times of India

Death by diet: Hong Kong man convicted of manslaughter for beating girlfriend to death during weight-loss plan

A Hong Kong man has been found guilty of manslaughter but acquitted of murdering his girlfriend after jurors accepted his claim that he may have accidentally beaten her to death while trying to help her lose weight by keeping her awake overnight.

The Independent UK

Hong Kong bookseller Lam Wing-kee, seized by Chinese authorities in 2015, dies in Taiwan at 70

Lam Wing-kee, a former Hong Kong bookseller and symbol of resistance to Beijing's crackdown on free speech, has died in Taiwan

Bangkok Post

Hong Kong bookseller Lam Wing-kee, once detained by China, dies in Taipei

Hong Kong bookseller Lam Wing-kee, who fled to Taiwan amid fears of ‌Chinese persecution, has died at the age of 70, the South China Morning Post reported on Thursday, citing Taiwanese media.

The Economic Times

Hong Kong's AUM hits record $5.4 trillion on 193% rise in inflows

Hong Kong has taken numerous steps to attract wealth in recent years, an attempt to rebound after the city lost some of its allure in the wake of political upheavals and the Covid pandemic. It has overtaken Switzerland as the world's largest cross-border wealth hub, driven by an influx of…

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