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The Latest Breaking News from Hong Kong

Yang Guofu Tempts Investors with Spicy Hotpot IPO in Hong Kong

Key takeaways: • Leading Sichuan-style hotpot chain Yang Guofu has filed for a Hong Kong IPO, extending a recent series of restaurant listing applications • Company has expanded rapidly using a franchise model, but poses investor risk due to its nature as a family-run business

Benzinga

Chinese markets slump over fears of how Covid-19 lockdowns will hurt economy

Stock markets in Shanghai and Hong Kong slumped on Tuesday, as investors fear the impact of the latest Covid-19 lockdowns on China's economy. Nearly 30 million people are now living under restrictions in the country, including in the technology manufacturing hub of Shenzen. Also today, Volkswagen has suspended production of…

France 24

Chinese virus cases climb, raise threat of trade disruption

Anti-virus controls have forced auto and electronics makers to shut factories in China and are raising risks of wider disruptions if the curbs spread to Chinese ports that are among the world’s busiest

The Independent UK

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Why you shouldn't press COVID panic button yet

New Delhi: Will India also see another surge in Covid-19 cases? This question is exercising the minds of many people with reports of the viral infection re-emerging in Hong Kong, parts of China, South Korea and some European countries. According to media reports, Hong Kong is seeing an unprecedented number…

The Times of India

Alibaba And Tesla Rival Nio Slide For Third Day Straight In Hong Kong — What's Behind The Tech Rout?

Shares of U.S.-listed Chinese tech companies extended losses in Hong Kong for a third straight session on Tuesday, hurt by fears of global repercussions if China was seen as supporting Russia over its invasion of Ukraine.

Benzinga

New HK strain found in Thailand

The Public Health Ministry on Monday reported four cases of coronavirus infections which it suspects may be caused by a new strain responsible for the Covid-19 outbreak in Hong Kong.

Bangkok Post

Ministry reports HK strain

The Public Health Ministry on Monday reported four cases of coronavirus infections which it suspects may be caused by a new mutant strain responsible for the worrying Covid-19 outbreak in Hong Kong, but assured that so far, authorities see no reason to be concerned.

Bangkok Post

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Green Tea Group Looks for Room at the Listing Table With Hong Kong IPO

Key Takeaways: Popular restaurant operator Green Tea Group has been approved for a Hong Kong listing The company plans to raise $150 million, which it will spend to open 75 to 100 new restaurants each year from 2022 to 2024 By Tina Yip

Benzinga

Why ditching the China film market won’t hurt Asian representation on film

We find ourselves in an exciting moment for American cinema telling Chinese stories, with movies such as Turning Red refusing to pander to the authoritarian regime

The Guardian - UK

Flora Growth CBD Skin-Care Brand Mind Naturals To Reach The Hong Kong Region

Flora Growth Corp. (NASDAQ: FLGC) has signed a distribution agreement with Israel-based, DNO Group, to distribute the Mind Naturals brand in the Hong Kong region.

Benzinga

Pfizer’s Covid-19 Drug Arrives in Hong Kong, City’s Leader Says

The first batch of 75 Chinese mainland medical personnel has also arrived in Hong Kong to boost the city’s capacity to treat severe cases amid the worst local outbreak

Caixin Global

Chinese EV-Battery Giant Files for Hong Kong IPO

CALB’s planned listing comes after China’s new-energy vehicle sales more than doubled in 2021

Caixin Global

China locks down province of 24m as new Covid infections rise

Jilin residents ordered to stay at home and reservists sent to disinfect streets as 1,437 new cases reported across China

The Guardian - UK

UK politics: Gove makes statement on homes for Ukrainian refugees as website for scheme opens – as it happened

Latest updates: minister announces details of scheme to MPs as website for people interested to house refugees goes live

The Guardian - UK

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Tribune News Service

Hong Kong, Beijing know a thing or two about aging well. Take a lesson from them

Two days after my 40th birthday, my husband and I attended a friend’s wedding in Palm Springs, California. Seated among strangers, we made small talk about fashion and first-world problems that filled time rather than stimulated the mind. It was then that a wedding guest narrowed in at my roots…

The Independent UK

Truss condemns China and Hong Kong authorities over threat to ‘silence’ critics

Foreign Secretary Liz Truss said the action by the administrations in Beijing and Hong Kong was “unjustifiable”.

ABC News

China's worst COVID-19 outbreak in two years shuts down major cities

China's government is responding to a spike in coronavirus infections by shutting down its southern business centre of Shenzhen and restricting access to Shanghai.

Reuters

U.K.-based rights group says Hong Kong police accused it of violating security law

Hong Kong police have accused UK-based rights group Hong Kong Watch of "collusion with foreign forces," a "likely" violation of the China-imposed national security law, the group said on Monday.

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Asharq Al-Awsat

Chinese Cities and Factories Lock Down as Outbreak Spreads

Seventeen million people in the Chinese tech hub of Shenzhen began their first full day under lockdown Monday, as a key factory making iPhones closed and restrictions spread across Shanghai and other major cities in an effort to extinguish the biggest-ever threat to the nation's zero-tolerance Covid strategy. The southern…

Reuters

Hong Kong rules out tightening COVID curbs for now as death toll soars

Hong Kong leader Carrie Lam said on Monday there were no plans to tighten strict social distancing measures as the Chinese-ruled territory battles to contain a coronavirus surge that has submerged its health system amid soaring deaths.

Bangkok Post

Fear over new Omicron strain

Health experts have sounded the alarm after the discovery of a new mutation of the Omicron coronavirus variant in Hong Kong.

Bangkok Post

Fear over 'new bug strain'

Health experts have sounded the alarm after the discovery of a new mutation of the Omicron coronavirus variant in Hong Kong.

Bangkok Post

Hong Kong funeral homes ‘fully booked until mid-April’ amid rising Covid death toll

HONG KONG: Funeral homes are fully booked until mid-April amid Hong Kong's rising Covid-19 death toll, with the suspension of simple farewell ceremonies at hospitals and the long processing time of death documents worsening the bottleneck, according to operators.

The Independent UK

Pet hamsters can pass on Covid to humans, study suggests

Researchers say ‘convincing evidence’ suggests pet shop was most likely source of Delta outbreak in Hong Kong

Benzinga

EV Week In Review: Tesla Feels Pinch Of Higher Input Costs, Nio's Hong Kong Listing Hedges Against Delisting Threat, Rivian's Teething Problems To The Fore And More

The EV space turned in a mixed performance in the week ending March 11, with some second-rung EV manufacturers and charging stocks rebounding from their losses. Shares of Tesla, Inc. (NASDAQ: TSLA), however, reversed course and ended the week in the red.

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