Welcome to Hong Kong Edition. Subscribe here if you like this free newsletter. Or email us with any feedback. This week, a big Wall Street gathering in Hong Kong coincided with a couple of geopolitically sensitive trials. So we looked into what it all means. As to the conference, who could forget the Goldman Stanley…
Property tycoons are lending their support to the Hong Kong IPO market for the first time in years, a move that could help fan the flames of a nascent recovery. Billionaire Robert Ng’s Sino Land Co. is one of the largest cornerstone investors in the $793 million Hong Kong listing from courier service SF Holding…
When Joshua Wong went to a Hong Kong court to face charges for alleged subversive acts in 2020, he wore a T-shirt with the words, “THEY CAN’T KILL US ALL.” The democracy advocate is still alive, but will spend a total of four-plus years in prison, including time already served, for being part of what…
China’s push to improve the finances of cash-strapped localities will mean they have less money to spend on big infrastructure projects because for the first time funds from the sale of new local government special bonds are being used to repay old loans. In March, Beijing said local governments could sell 3.9 trillion yuan ($539…
UK Prime Minister Keir Starmer says Hong Kong businessman Jimmy Lai’s release from prison is a priority for his government. He backed up that stance by raising the matter with Chinese President Xi Jinping in Rio de Janeiro on Monday. US President-elect Donald Trump, meanwhile, has pledged “100%” to secure the freedom of the pro-democracy…
Hong Kong revised growth expectations to the lowest end of its previous forecast, showing mounting pressures from weaknesses in exports and consumption. The city changed its 2024 growth forecast to 2.5% from a range of 2.5%-3.5% estimated in August, the Census and Statistics Department said Friday. The adjustment suggests expansion will slow from last year’s…
China Mobile Hong Kong is in talks to buy commercial property in Hong Kong once owned by struggling tycoon Chen Hongtian, according to people familiar with matter. The state-owned telecommunications operator’s Hong Kong unit made an offer in recent weeks for Cheung Kei Center, which has been on the market since 2023, the people said,…
By Wednesday afternoon, an eerie quiet hung over the site of China’s deadliest known act of civilian violence in years. As traffic flowed freely past the now-deserted Zhuhai Sports Center Stadium, a yellow-and-black-clad Meituan courier pulled up on his motorbike. The driver opened his delivery box — usually used to ferry food — and took…
A typhoon is brewing over Hong Kong but for the first time in decades, it’s business as usual for the city’s $5.4 trillion stock market. Traders, brokers and money managers clocked in on Thursday morning as the financial hub ended a long-standing practice of shutting its markets during severe weather, in a bid to keep…
For the first time on Thursday, Hong Kong’s stock exchange will keep its markets open through severe weather. The Hong Kong Observatory saidBloomberg Terminal it will issue a so-called Typhoon Signal 8, the third highest, at 11:10 p.m. local time Wednesday as tropical storm Toraji is edging closer to the Pearl River Estuary and local…