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The Latest Breaking News from Hong Kong

Alibaba, Nio Stocks Surge: Hang Seng Rises Over 3% As Tech, EV Rally Outweighs COVID-19 Worries

Hong Kong shares traded in the green on Friday with the benchmark Hang Seng opening 3.36% higher. Investors and traders seem to have shrugged off a rise in COVID-19 cases in China which hit their highest since August.

Benzinga

Casetify pop-up now open at CentralWorld

Casetify, the renowned Hong Kong-based lifestyle and tech gadget brand, has finally arrived in Bangkok with the opening of Casetify Pop-Up Store Preview. It is available until March 26 at CentralWorld.

Bangkok Post

China wants sixfold growth in VR industry in five years

HONG KONG: The Chinese government wants to expand the country's virtual reality (VR) industry output by 2026 to 350 billion yuan (US$48 billion) - six times the level last year - showing Beijing's ambitions in becoming a world leader in metaverse technology.

Bangkok Post

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Hong Kong set for Asean cooperation and entry into RCEP

Hong Kong is set to gain early admission into the Regional Comprehensive Economic Partnership (RCEP), city leader John Lee Ka-chiu has said as he expressed confidence the city would bring "enormous value" to the free-trade grouping and revealed that member states of the Association of Southeast Asian Nations (Asean) supported…

Bangkok Post

Hong Kong exiles in UK unnerved by ‘weak’ response to beating of protester

Activists fear for their safety after limited UK riposte to assault on demonstrator outside Chinese consulate

The Guardian - UK

Alibaba, Nio Fall Over 5%: Hang Seng Opens Weaker As Fed Stays Hawkish, China Asserts COVID-Zero Policy

Hong Kong shares opened in the red on Thursday, with the benchmark Hang Seng falling over 0.9% in morning trade, after the Federal Reserve’s anticipation of a higher bar for interest rates to rein in inflation

Benzinga

Hong Kong braces for Tropical Storm Nalgae

Schools and offices closed and some events in Hong Kong were canceled as tropical storm Nalgae swept past south of the city, while a finance conference that was meant to restore Hong Kong's image as an international business center went ahead

The Independent UK

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Singapore’s reopening boom draws big money and bubble fears

Earlier this month, a record 302,000 people attended Singapore’s first Formula 1 car race in three years. Some forked out $900 for a grandstand seat for three days, while others booked hotel suites overlooking the Marina Bay track for as much as $10,000. Nightclub tables were fetching up to $70,000…

Bangkok Post

Profits more than double at Bentley as new models drive sales

Sales increased in the Americas, Europe, Asia Pacific and the UK but fell on the Chinese mainland, Hong Kong and Macau and in the Middle East, Africa and India

Birmingham Post

In Hong Kong, world bankers urged not to ‘bet against’ China

Hong Kong leader tells investment summit city remains a unique link to the rest of China.

Al Jazeera

UK sewage scandals put Hong Kong billionaire in firing line

Hong Kong firm’s $1bn deal to sell stake in water company receives cool response in UK after pollution controversies.

Al Jazeera

China says must 'rectify what needs to be rectified' in Hong Kong for long-term stability

China should "resolutely rectify" and "correct" what must be rectified and corrected to resolve long-term stability issues in Hong Kong and Macau, a senior official said, according to a 20th Communist Party Congress party supplementary document reading published in October.

Reuters

In Hong Kong, world bankers urged not to 'bet against' China

Chinese regulators have downplayed risks from the country's real estate slump and slowing growth at a financial conference in Hong Kong

The Independent UK

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

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Reuters

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.

The Independent UK

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

Al Jazeera

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.

Bangkok Post

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.

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Benzinga

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

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

Bangkok Post

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…

Evening Standard

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”.

Reuters

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.

The Independent UK

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

Al Jazeera

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.

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