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The Latest Breaking News from Hong Kong

Cathay Pacific Plans To Lure Pilots With Special Allowances: Bloomberg

Cathay Pacific Airways Ltd (OTC:CPCAY) (OTC:CPCAF) has come up with a slew of allowances for pilots to curb mass resignations, Bloomberg reported. The pilots operating in Hong Kong are seemingly upset about the effect of the country’s stringent COVID-19 policies on travel. The report noted that starting in 2023, senior captains will…

Benzinga

Goldman Sachs Reported Morgan Stanley Bulk Share Sales To Hong Kong Regulator: FT

Goldman Sachs Group Inc (NYSE:GS) reported bank Morgan Stanley (NYSE:MS) to Hong Kong’s financial regulator over a series of block trades, Financial Times reported citing people familiar with the matter. As part of an “informal” discussion, Goldman alerted the territory’s Securities and Futures Commission three years ago about share price drops in a few Hong…

Benzinga

Hong Kong Disney opens as COVID eases; Shanghai deaths rise

Hong Kong has relaxed pandemic restrictions with Disneyland and museums reopening and nighttime restaurant dining resuming as the city’s worst COVID-19 outbreak appears to be fading

The Independent UK

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Nio, Xpeng Fall Over 5%: What's Weighing On Hong Kong EV Stocks Today?

Shares of Tesla Inc (NASDAQ: TSLA) rivals and U.S.-listed Chinese electric automakers Nio Inc. (NYSE: NIO), Xpeng Inc (NYSE:

Benzinga

Why Alibaba, Other Tech Peers Are Sliding For A Third Straight Day In Hong Kong

Shares of U.S.-listed Chinese tech firms Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ: JD), and

Benzinga

Cathay offers pilots allowances, perks to stem exodus

Cathay Pacific Airways Ltd will alter monthly allowances and other perks for pilots as it tries to stem a wave of resignations among crew frustrated by the impact of Hong Kong’s Covid-19 policies on their lives.

Bangkok Post

Hong Kong reopens venues, extends dining hours as COVID cases fall

Hong Kong reopened gyms, beauty parlours, theme parks and cinemas on Thursday for the first time in more than four months, as authorities relaxed some of the world's toughest COVID-19 curbs, which have weighed on people and businesses.

Reuters

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Alibaba, JD Stocks Suffer Heightened US Exodus Over Regulatory Clash

Chinese e-commerce giants have seen more of their shares shift to the Hong Kong market as Beijing failed to impress U.S. regulators, Bloomberg reports. Bloomberg saw ~77% of JD.com Inc's (NASDAQ:JD) shares circulating in Hong Kong's clearing and settling system as of April 19, versus 44% at the 2022 beginning. The shift highlighted…

Benzinga

YouTube removes Hong Kong leader candidate’s channel

YouTube has taken down the channel of Hong Kong’s only candidate to become its next leader citing US sanctions on him.

Evening Standard

Human rights declined during the COVID-19 pandemic, in countries from Angola to the US to New Zealand

Human rights activists and international leaders first warned in April 2020 that countries could use the COVID-19 pandemic as an excuse to crack down on human rights.

The Conversation

Business booms for Hong Kong restaurants and shopping malls over Easter break

HONG KONG: Hong Kong's catering and retail sectors have reported a double-digit surge in business during the Easter holidays, despite social-distancing curbs reining in some of their growth, according to industry professionals.

Bangkok Post

YouTube takes down Hong Kong leader candidate's channel

YouTube has taken down the campaign channel of Hong Kong’s sole candidate to become its next leader, John Lee, citing compliance with U.S. sanctions imposed against the former No. 2 official

The Independent UK

YouTube blocks account of Hong Kong's sole leadership candidate

YouTube blocked the account of Hong Kong's sole leadership candidate John Lee on Wednesday as part of U.S. sanctions against the city's former No. 2 official who said the move will not affect his bid to lead the financial hub for the next five years.

Reuters

SoftBank Robotics Invests In Hong Kong Startup Avalon SteriTech: Bloomberg

SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) robotics arm has agreed to buy a minority stake in cleaning technology startup Avalon SteriTech Ltd, Bloomberg reports. SoftBank Robotics looks to acquire a 5% stake in the Hong Kong-based company. The financial terms of the deal remain undisclosed. The investment marks SoftBank's Hong Kong debut. The…

Benzinga

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Benzinga

JPMorgan's Chinese Tech Sector Downgrade Proved Costly for Them - Read How

JPMorgan Chase & Co (NYSE:JPM) lost its position as the most senior underwriter for Kingsoft Cloud Holdings Ltd's (NASDAQ:KC) Hong Kong stock offering, Bloomberg reports. The size of the offering in Hong Kong is relatively small, amounting to ~$100 million. The change came after one of JPMorgan's analysts cut the share-price target for the…

Evening Standard

Hong Kong jails DJ for ‘uttering seditious words’ in latest crackdown

Tam Tak-chi was the first person to be charged with sedition since 1997

Al Jazeera

Hong Kong activist jailed for 40 months in sedition trial

Activist Tam Tak-chi was a defendant in the city’s first sedition trial since it was handed back to China in 1997.

The Guardian - AU

Hong Kong jails pro-democracy activist and former DJ for ‘uttering seditious words’

Tam Tak-chi was the first person charged with sedition since 1997 under colonial-era law amid a wider crackdown by authorities

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Reuters

Hong Kong activist jailed for sedition in first case since 1997 handover

A Hong Kong opposition activist was jailed for 40 months on Wednesday after the city's first sedition trial since its handover from British to Chinese rule nearly 25 years ago.

Reuters

Hong Kong's elite join leadership candidate's campaign as Beijing watches

Hong Kong's sole leadership candidate John Lee has picked nearly 150 heavyweights, including the city's richest man Li Ka-shing and other powerful businessmen and politicians, to join his advisory teams to show broad support for his bid.

Benzinga

Nio, Xpeng Rise, While Li Edges Lower: What's Up With Hong Kong EV Stocks?

Shares of U.S.-listed Chinese electric automakers Nio Inc (NYSE: NIO), Xpeng Inc (NYSE: XPEV) rose in Hong Kong trading on Wednesday morning, while Li Auto Inc (NASD

Benzinga

Alibaba Slips Alongside Tech Peers: What's Dragging Hong Kong Markets Today?

Shares of U.S.-listed Chinese tech firms Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ:

Axios

Taiwanese group provides democracy ratings for milk tea shops

The group hopes to mobilize consumers to push back against Beijing.

Benzinga

InnoCare Pharma Goes Back to Funding Trough With STAR Market Listing

Key Takeaways:

Benzinga

Titanium Miner LB Group Seeks to Shine in Hong Kong IPO Raising up to $1.5 Billion

Key Takeaways: LB Group has filed for a Hong Kong IPO to raise up to $1.5 billion, aiming to consolidate its place as Asia’s leading producer of titanium dioxide pigments Listing would complement company’s existing Shenzhen A-shares, which look sharply undervalued compared with industry peers By Andrew Curran

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