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The Latest Breaking News from Hong Kong

Alibaba, Nio Stocks Fall As Hong Kong Investors Turn Cautious Ahead Of Fed Meet

Hong Kong stocks opened lower on Wednesday morning as all eyes turned toward the Federal Reserve’s policy announcement later in the day. The benchmark Hang Seng fell 0.8% and Xpeng shares fell over 8%, while Nio shares lost over 6%. Alibaba shares lost over 2%.

Benzinga

Hong Kong, struggling to revive hub status, sells 'China advantage' to global banks

Hong Kong and Chinese officials on Wednesday touted the city's connection to the world's second-largest economy as they looked to restore its reputation as a global financial hub after years of punishing COVID crackdowns.

Reuters

Lakshya Sen crashes out of Hylo Open badminton in first round

SAARBRUCKEN (GERMANY): Top Indian shuttler Lakshya Sen suffered a straight-game defeat at the hands of Ng Ka Long Angus of Hong Kong in the men's singles to make a first-round exit from the Hylo Open badminton tournament here on Tuesday.

The Times of India

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Cyclone, absences threaten to dull Hong Kong finance meeting

A tropic storm and absences of VIP guests are casting a shadow over a financial conference meant to help Hong Kong restore its image as a financial hub and destination for business travel

The Independent UK

Deep in recession, Hong Kong eyes comeback with rugby, bank meet

The financial centre is hoping to convince the world it is back in business after nearly three years of pandemic curbs.

Al Jazeera

Covid-19 Rules Take Shine Off Hong Kong's Bid to Reopen

Hong Kong will attempt to show it is back in business with a financial summit and premier rugby tournament this week, as strict pandemic controls have led to an exodus of talent and business from the city.

Bangkok Post

Things Don't Add Up Well in Used Computer Renter's IPO Bid

Key Takeaways: LX Technology, parent of Little Bear Rental, has been approved for a Hong Kong IPO, despite losing over 740 million yuan in the past three and a half years Its major early shareholders, including Tencent, Lenovo and JD.com, have started cutting their ties with the company even before…

Benzinga

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Collectible Toy Maker Pop Mart Falls Out of Favor

Key Takeaways: Pop Mart said its third-quarter revenue fell between 5% and 10% year-over-year, deteriorating from an already-weak first half of 2022 The company has launched a series of initiatives to jumpstart its growth, including a ramp-up in overseas development, though none have reaped significant success yet By Trevor Mo

Benzinga

Hong Kong travel sector appeals for coronavirus breaks for tour groups

Representatives of Hong Kong's travel sector are pressing the government to grant special privileges to tour groups so they can eat in private areas of restaurants and visit attractions, instead of restricting their movements for three days of Covid-19 medical surveillance on arrival, a senior industry executive has told the…

Bangkok Post

Tottenham urged to ditch Chinese main sponsor AIA and ‘show support for human rights and freedom’

A group of politicians have called on Tottenham to cut ties with their main sponsor AIA and accused the club of “collaborating with supporters of human rights abuses in Hong Kong”.

Evening Standard

Hong Kong bets on summit to herald its comeback as financial hub

Hong Kong aims to restore its reputation as a global financial hub by playing host to a bevy of top Wall Street executives this week, defying critics who say a talent crunch and geopolitical tensions will hobble its ambition.

Reuters

Sedition trial begins for closed Hong Kong news site editors

A sedition trial has opened in Hong Kong for two former top editors of a shuttered online media outlet who have been detained without bail for 10 months

The Independent UK

Wall Street accused of whitewashing China crackdown in Hong Kong

Activists and US legislators say banking summit being used to legitimise the dismantling of city’s freedoms.

Al Jazeera

The Guardian view on China’s response to dissent: repression, at home and away

Editorial: There are growing concerns over Beijing’s attempts to restrict political expression overseas

The Guardian - UK

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Reuters

Australia and Hong Kong claim record $1.6 billion meth seizure

Australian police said on Sunday they had seized in Hong Kong some A$1.6 billion ($1.0 billion) worth of liquid methamphetamines bound for Australia, in a joint operation with Hong Kong authorities.

The National (Scotland)

Experts say China’s use of ‘secret police stations’ no surprise

A CANTONESE restaurant in the centre of Glasgow seems an unlikely focus of international intrigue.

Bangkok Post

Does China intend to rule Taiwan under 'one country, two systems'?

Latest amendments to the Chinese Communist Party's constitution concerning Hong Kong have reaffirmed Beijing's commitment to the "one country, two systems" policy and its vision the principle would be the governing solution for Taiwan, according to analysts.

Bangkok Post

SET bucks downbeat regional trend

RECAP: Most Asian stock markets fell yesterday following declines on Wall Street as investors contended with disappointing results from US tech giants and Hong Kong-listed tech stocks.

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Bangkok Post

T-Rex skeleton wows Singaporeans before auction

SINGAPORE: The skeleton of a Tyrannosaurus Rex drew thousands of visitors in Singapore on Friday eager to have a look at the huge fossil before it heads for auction in Hong Kong.

The News Lens

Judicial Repression Becomes the Norm in Hong Kong

As of 2022, more than 100 civil society organizations and trade unions have been dissolved or closed in Hong Kong under the threat of the National Security Law.

Bangkok Post

Singapore retreat from retail crypto opens way for rivals

SINGAPORE: Asia may be heading for a reordering of sorts in cryptocurrency markets, with Hong Kong moving to legalize retail trading of digital tokens just as Singapore looks to impose fresh restrictions on consumers.

Benzinga

Alibaba Falls Over 3%, Nio Plunges 6%: Hang Seng Opens Weaker As China COVID Curbs, Earnings Season Fray Nerves

Hong Kong shares opened in the red on Friday, with the benchmark Hang Seng falling 1.5%, as mixed earnings prompted traders and investors to pare positions before the end of the week.

The Independent UK

Hong Kongers who clapped in court found guilty of sedition

Two Hong Kongers have been found guilty on a sedition charge after they clapped and criticized the judge during a previous trial over a banned Tiananmen Square vigil in the city

Reuters

Hong Kong finance chief stuck in Saudi Arabia after catching COVID

Hong Kong's Financial Secretary Paul Chan tested positive for COVID-19 during a visit to Saudi Arabia and will stay there for a "short while" to observe health requirements, the city's government said on Thursday.

Benzinga

Fifth Time Lucky? Wheel Maker Buyang Takes New Spin at Hong Kong IPO

Key Takeaways: Buyang International is making a fifth attempt to list in Hong Kong, hoping to raise funds for a major new expansion that will double its capacity The company churns out a majority of its revenue from overseas markets, leaving it largely in the dust in its home market…

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