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The Latest Breaking News from Hong Kong

China tightens controls as more virus cases reported

Hong Kong has reported over 27,600 new coronavirus cases while Shanghai closed schools and parks and authorities in Beijing suspended access to a residential area after new infections were found

The Independent UK

Covid hasn't peaked yet, says HK leader

HONG KONG: Hong Kong leader Carrie Lam said on Saturday that the city’s Covid-19 outbreak wasn’t yet past its peak despite recent daily case numbers showing a slight levelling off.

Bangkok Post

Hong Kong leader Lam says city not yet past COVID peak

Hong Kong reported 27,647 new COVID-19 cases on Saturday, with city leader Carrie Lam saying the outbreak was not yet past its peak despite recent daily case numbers slightly levelling off.

Reuters

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SF Express Halts Deliveries From Hong Kong to Mainland

Covid flare-up spurs move by logistics giant as Hong Kong battles its worst outbreak of the pandemic and infections spread to mainland

Caixin Global

DiDi Had To Postpone Its IPO After Jack Ma's Ant: Bloomberg

DiDi Global Inc (NYSE:DIDI) had to pull the brakes on its Hong Kong listing as it failed to satisfy China's concerns over sensitive data leak, Bloomberg reports. Uber Technologies Inc's (NYSE:UBER) Chinese counterpart remained vulnerable to the possible derailing of its listing plans and regulatory penalties. The ride-hailing company's main apps were removed from local…

Benzinga

Hong Kong refugees struggle to find food on empty supermarket shelves

Panic buying in Hong Kong on fears of a new COVID-19 lockdown has hit the city's refugees particularly hard because they can only spend their food allowance in supermarkets that regularly run out of supplies, aid workers and refugees say.

Reuters

Hong Kongers rush to get haircuts as salons reopen

HONG KONG: Hong Kong residents have flocked to hair salons after they reopened following a month-long closure, but hairdressers and shop owners say they are worried about "inconsistent" social-distancing policies leading to financial uncertainties amid the city's fifth wave of coronavirus infections.

Bangkok Post

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Why Alibaba, JD And Tesla Rivals Nio, Xpeng Are Crashing In Hong Kong Today

Shares of U.S.-listed Chinese tech companies tumbled in Hong Kong on Friday, dragging the benchmark Hang Seng Index into negative territory, on fears of increased scrutiny by American regulators and the escalating Russia-Ukraine war.

Benzinga

WHO Foundation chief ‘very concerned’ over UK dismantling Covid testing as pandemic ‘isn’t over’

Exclusive: UK’s choice to dismantle Covid-19 testing is “very worrying” says leading WHO head

The Independent UK

Here's How Nio Fared In Hong Kong Debut, As It Joined Rivals Xpeng, Li Auto On The Bourse

Nio Inc’s (NYSE: NIO) shares soared as much as 12% in their Hong Kong debut on Thursday. What Happened: Nio stock traded at HK$162 apiece around noon.

Benzinga

China Fights New COVID-19 Spike with More Selective Approach

China is tackling a COVID-19 spike with selective lockdowns and other measures that appear to slightly ease its draconian “zero tolerance” strategy. In Hong Kong, which recorded more than 58,000 new cases on Thursday, barber shops and hair salons were reopening.

Asharq Al-Awsat

Hong Kong protests documentary breaks Taiwan box office record in opening weeks

Revolution of Our Times looks at the 2019 demonstrations, which some Taiwanese saw as a warning sign about their own future

The Guardian - AU

Alibaba, EV Stocks Snap Losing Streak In Hong Kong Today; Tesla Rival Nio Surges On Debut — What's Driving The Rebound?

Shares of U.S.-listed Chinese tech companies traded higher in Hong Kong on Thursday, lifting the benchmark Hang Seng Index into positive territory after a four-day slump.

Benzinga

Hong Kong leader plans to reopen city only after controlling latest COVID outbreak

Hong Kong leader Carrie Lam said on Thursday it was not the time to lift a ban on flights from nine countries including the United States and Britain, with plans to reopen the city only after the government controls a deepening coronavirus outbreak.

Reuters

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Caixin Global

Hong Kong Shifts Covid Strategy to Reduce Surge in Fatalities

Mass testing plan goes on hold as authorities focus on vaccinating the elderly and expanding treatment capacity for the sick

Benzinga

Nio Bounces Off Bottom Ahead Of Thursday's Hong Kong Listing: What Investors Should Know

Nio, Inc. (NASDAQ: NIO) shares, which fell to their lowest level in 1-1/2 years on Tuesday, are rebounding from the depressed level. In addition to the broader market strength, the stock is receiving support from the optimism around its planned debut on the Hong Kong stock exchange on Thursday.

Benzinga

Here's Why Jack Ma Led Alibaba Affiliate's IPO Got Postponed Indefinitely

Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) affiliated fintech Ant Group's Hong Kong listing got postponed indefinitely as the bankers remained concerned over China's continued crackdown on the domestic tech sector, the Infomation reports. The weakness of publicly traded Chinese tech stocks, including Alibaba, has made it difficult for Ant and its stakeholders.…

The Independent UK

Cathay Pacific operating at 2 per cent of normal capacity as Hong Kong remains sealed off

Company memo says airline will go through HK$1 billion (£97m) and HK$1.5 billion (£145m) every month ‘until conditions improve’

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The Independent UK

Hong Kong leader says no fixed time frame for mass testing

Hong Kong leader Carrie Lam says reducing the skyrocketing number of deaths in the latest coronavirus surge is the city’s priority, putting a plan to test the entire population on hold in the latest flip-flop in the government’s pandemic response

Al Jazeera

In ‘zero COVID’ Hong Kong, deaths smash global records

Poor vaccine coverage among elderly population results in city reporting the highest death rate in the world.

The Guardian - AU

China builds new bridge to Hong Kong to rush in workers as Covid cases surge

The temporary bridge will aid work on a makeshift hospital as the city’s Covid death rate reaches world’s highest per 1m people

Benzinga

Alibaba, Tech Peers Drag Hong Kong Shares Down For Fourth Day — What's Fraying Investor Nerves?

Shares of U.S.-listed Chinese tech companies slumped in Hong Kong on Wednesday and weighed on the benchmark Hang Seng Index, which extended losses to a fourth straight day.

Reuters

Hong Kong’s zero-COVID fight takes mental toll on society, experts say

Hong Kong resident Yeung waited for 13 hours outside a hospital in the city's eastern district in cold, rainy weather with his 3-year-old daughter, who had a high fever, before they could be admitted for COVID-19 treatment.

Reuters

Hong Kong leader urges suitable timing for mass testing effort

Compulsory mass testing for coronavirus would be useful but needs to be done at a suitable time, Hong Kong leader Carrie Lam said on Wednesday, following anxiety among the 7.4 million residents of the financial hub bracing for a citywide lockdown.

Reuters

Hong Kong to focus COVID resources on elderly, no date set for mass tests

Hong Kong announced plans to devote more medical resources to elderly people on Wednesday as COVID-19 infections swept through care homes and deaths climbed rapidly among the mainly unvaccinated seniors.

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