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The Latest Breaking News from Hong Kong

Kingsoft Cloud Joins Chinese Companies Pivoting To Hong Kong as Delisting Risk Grows

Key Takeaway: Kingsoft Cloud has joined more than 100 companies that can be delisted in the U.S. amid an impasse in talks between Washington and Beijing over a U.S. law that requires Chinese companies listed in the country to share audit records, which the Chinese government considers state secrets

Benzinga

Cathay Pacific avoiding designated airspace zones around Taiwan

Hong Kong's Cathay Pacific Airways said on Thursday its flights are currently not flying through designated airspace zones around Taiwan.

Reuters

Property companies behind Newcastle Glassworks student block sold out of administration

Administrators have been appointed to three companies within the Hong Kong-based Bricks Group

Birmingham Post

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Alibaba Surges Over 5% Ahead Of Earnings As Hang Seng Tracks Wall Street Higher

Hong Kong’s benchmark Hang Seng Index rose over 2% in opening trade on Thursday, following an upbeat session on Wall Street overnight.

Benzinga

Review: 'On Java Road,' by Lawrence Osborne

FICTION: An engaging mystery about a journalist who investigates the disappearance of a student activist in Hong Kong.

Tribune News Service

Hong Kong 'Captain America' protester gets lighter sentence after appeal

A Hong Kong activist dubbed "Captain America 2.0" for wielding the superhero's shield during pro-democracy protests in 2019 had his jail sentence reduced to five years on Wednesday after winning an appeal.

Reuters

Bookstore owner to ask Pelosi to help Hong Kongers at Taipei meeting

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, a move certain to ramp up already fraught tensions between Beijing and Washington.

Reuters

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Alibaba, JD Surge Over 3% As Earnings Come Into Focus: Hong Kong Traders Shrug Off Pelosi-Linked Taiwan Tensions

Shares of Alibaba and JD.com rose over 3% in Wednesday morning opening trade, with Hong Kong’s benchmark Hang Seng Index also beginning on a positive note, gaining 0.91%. Alibaba is set to release its June-quarter earnings on Thursday.

Benzinga

Arlene Foster and Michelle O'Neill's office breached transparency laws over Chinese consul meeting, watchdog finds

The Information Commissioner's Office examined the Executive Office's response to requests for minutes of the meeting

Belfast Live

Hong Kong's 1922 general strike: when the British empire struck back

Following last year’s centenary of the foundation of the Chinese Communist Party (CCP), 2022 marks the 100th anniversary of the first general strike to shut down a British colonial territory – Hong Kong.

The Conversation

US Navy deploys four warships east of Taiwan as Pelosi heads to Taipei

HONG KONG: As US House of Representatives Speaker Nancy Pelosi headed to Taipei on Tuesday amid intensifying warnings from China, four US warships, including an aircraft carrier, were positioned in waters east of the island on "routine" deployments.

Bangkok Post

Hong Kong high court quashes reporting ban on key national security case

Hong Kong's High Court on Tuesday quashed a court reporting restriction for a landmark national security case involving a now disbanded group that once organised the city's annual candlelight vigils to commemorate the 1989 Tiananmen crackdown.

Reuters

U.S. targets Chinese, UAE firms in new Iran oil sanctions

The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia as it seeks to raise pressure on Tehran to curb its nuclear programme.

Reuters

Alibaba, JD, Nio Fall In Hong Kong As Nancy Pelosi's Taiwan Plan Keeps Markets On Edge

Hong Kong’s benchmark Hang Seng Index opened in the red, losing over 2.5% in opening trade, following the trend in broader Asian markets after reports emerged that U.S. House Speaker Nancy Pelosi was to arrive in Taiwan on Tuesday. China has issued a strongly worded statement saying it will take…

Benzinga

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Al Jazeera

Issuing fresh sanctions on Iran, US targets Chinese, UAE firms

The firms were being used by Iran to facilitate the sale of Iranian oil and petrochemical products, the US said.

The Independent UK

US sanctions UAE, Hong Kong firms that ship Iranian oil

The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to East Asia

Asharq Al-Awsat

US Targets Chinese Firms in New Iran Oil Sanctions

Benzinga

Alibaba Eyes Hong Kong Primary Listing as Hedge to U.S. Delisting Threat

Key Takeaways: Alibaba said it expects the upgrade of its secondary Hong Kong listing to primary listing status to be complete by the end of 2022 The SEC has placed Alibaba on a list of Chinese firms facing potential delisting as the deadline nears for U.S.-listed Chinese firms to comply…

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The Independent UK

Alibaba striving to maintain US listing amid delisting fears

Chinese e-commerce firm Alibaba said Monday that it would strive to maintain its listing status both in New York and Hong Kong, days after U.S. regulators included it in a list of companies facing possible delisting if they don't meet auditing requirements

The Independent UK

Asian shares advance, Hong Kong sags on weak factory data

Shares are mostly higher in Asia after a strong close on Wall Street last week, though the latest manufacturing surveys showed weakening factory activity in the region's biggest economies

Bangkok Post

Organisers of shows in Hong Kong face temporary ban on large stage sets

HONG KONG: Concert organisers may be barred from installing large stage sets for coming shows until the full completion of a probe into a shocking accident involving boy band Mirror, the city's culture minister has said.

Reuters

Rugby-Hong Kong Rugby Sevens to be held in Nov after 3-year COVID break

Bangkok Post

Healthy earnings, less aggressive Fed lift shares

Recap: European and US stocks advanced yesterday amid positive corporate earnings reports and the prospect of less aggressive rate hikes from the US Federal Reserve. Hong Kong and Chinese markets pulled back as tech stocks corrected and the Chinese government signalled limited new stimulus ahead.

Irish Mirror

Shocking moment huge screen crushes dancer on stage during performance

A back-up dancer for the Cantopop boy band Mirror is in intensive care while another is being treated following the gig in Hong Kong

Benzinga

3D Medicines Bleeds Red Ink As It Struggles to Swim in 'Red Ocean'

Key Takeaways: 3D Medicines competes for a share in an already hotly contested and very small market, potentially dimming its appeal to investors

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