Daily Flash
What’s going on here? US-China tech tensions and Alibaba’s disappointing earnings have taken a toll on Chinese and Hong Kong markets, with key sectors feeling the pinch. What does this mean? Recently, both the Shanghai Composite and CSI300 Indexes have trended downwards, largely due to cooling sentiments in tech and other major sectors including financial,…
SYDNEY (Reuters) -China’s Foshan Haitian Flavouring and Food Company has received approval from the Hong Kong Stock Exchange to list in the city and it aims to raise about $1 billion, according to two sources with direct knowledge of the matter. The Sh… Source link
Hong Kong authorities have warned ride-hailing platform operators to ensure their services are legal ahead of a meeting with them, as more than 30 disgruntled taxi drivers gathered outside the city government headquarters to petition for tougher law enforcement against illegal services. The Transport and Logistics Bureau issued a statement on Friday morning expressing concerns…
For mainland Chinese entrepreneur Wang Chaoyou, joining a Hong Kong delegation to the Middle East has fast-tracked his entry into the emerging market of Kuwait after an earlier attempt to gain a foothold fizzled out. “We were in discussions on a deal but couldn’t reach a consensus on the shareholding ratio – they asked for…
Hong Kong actor and singer Andy Lau (C) and his Malaysian wife Carol Chu (R) attend the memorial service of Cantonese opera actress Hung Sin Nui in Guangzhou city, China, Dec. 17, 2013. Photo by AFP According to Jayne Stars, Ye shared details about Lau and Chu’s relationship on social media, saying he had kept…
Hong Kong has been stepping up its attempts to become Asia’s prime hub for trading digital assets, including a series of new regulations to achieve its ambition of attracting global investors. The move comes as competition from the US and other countries in the Asia-Pacific region, led by Singapore, intensifies. Law practices in the Chinese…
A Hong Kong student has been arrested on suspicion of using a woodworking chisel to attack a teacher who tried to stop him from eating during class. Police said they received a report at about 9am on Wednesday about a dispute between a Form Three pupil and a male teacher at Carmel Alison Lam Foundation…
The 37-year-old Grand Kornhill Cinema in Quarry Bay will close at the end of the month, the owner has announced, joining the growing list of movie theatres going out of business in Hong Kong. The five-theatre venue, located in Kornhill Plaza South in Quarry Bay and operating as part of the MCL cinema chain, will…
“The growth of the general insurance industry in Hong Kong (China SAR) is supported by rising demand for personal accident and health insurance from local and non-local customers, including mainland Chinese residents, the unpredictability of climate events, and the increasing demand for cyber insurance,” he said. Source link
Hongkongers can take photos of six premises belonging to Beijing’s national security office deemed “prohibited places” but disobeying law enforcement officers’ orders to stop will risk running afoul of the newly gazetted subsidiary legislation, senior officials have said. In another move to fast track scrutiny of the newly enacted subsidiary legislation to the city’s domestic…