Page 15 - Hong Kong

Hong Kong's Cathay Pacific losses narrow as COVID restrictions ease

- Hong Kong airline Cathay Pacific Airways said on Wednesday that losses in the first half of the year narrowed as a relaxation in quarantine rules boosted passenger numbers. But it cautioned that quarantine restrictions on its crew were limiting the airline's ability to increase flight capacity. The company reported losses of about USD 5 billion Hong Kong dollars (USD 637 million) in the first six months, down from 7.57 billion Hong Kong dollars (USD 964.5 million) in the same period last year. Hong Kong relaxed strict quarantine rules from 14 to seven days in mandatory hotel quarantine earlier this year, and to just three days from Friday. It still remains one of the few places in the world, together with mainland China, to require mandatory quarantine for inbound travellers. Such measures have limited recovery for Cathay and the city's tourism industry, as travellers opt for other destinations that have opened up completely. Cathay's first-half revenue grew 17 per cent to 18.6

Hong Kong eases quarantine on entry in bid to boost business activity

Hong Kong has slashed its Covid-19 quarantine requirement for overseas arrivals from seven to three days in a bid to attract business travellers and kick-start economic activity

Why the Hong Kong-based $200 billion AMTD Digital stock is no GameStop

AMTD Digital Inc. has risen 14,000% since listing in New York, giving it a market value of more than $470 billion at one point this week

How a celebrity CEO's rule of fear helped bring down hot startup Zilingo

The story of how globetrotting tech star Ankiti Bose built and lost one of Asia's most vaunted startups

Meme stock traders have a new favorite: Hong Kong's AMTD Digital

The company's market capitalization surged above $450 billion in a 244% jump on Tuesday, reminding investors of the meme stock mania last year that drove record rallies in shares of companies

HSBC rejects break-up call, promises higher quarterly dividend

Hard-sells growth plan to disgruntled investors

Alibaba aims to add primary listing in Hong Kong, woo China investors

Removes Ant executives amid shake-up, increased scrutiny

Alibaba says will seek primary listing in Hong Kong, adding to NYSE

Alibaba, the world's biggest e-commerce company by sales, announced plans to change the status of its shares traded in Hong Kong, making them more accessible to Chinese investors

World's oldest male giant panda dies at age 35 in Hong Kong

An An had high blood pressure, a common condition among geriatric pandas

Hong Kong lifts flight ban citing 'little effect' on coronavirus cases

Starting Thursday, the city will no longer ban arriving airline flights just because they'd brought in passengers infected with COVID-19, the government announced

A timeline of Hong Kong's history under 25 years of Chinese rule

China had promised the territory could retain its civil, economic and political liberties for 50 years under the one country, two systems" framework

Xi swears in new Hong Kong leader John Lee as city marks 25th anniversary

Lee, a former security official who oversaw the crackdown on dissent in the city since 2019 pro-democracy protests, pledged to uphold the city's mini-constitution

Hong Kong leaders attend flag-raising marking 25th anniversary under China

The several hundred attendees at the flag-raising ceremony included city leader Carrie Lam, former leaders Leung Chun-ying and Donald Tsang, and incoming leader John Lee

Hong Kong gears up to welcome Xi Jinping for handover anniversary

Xi, who has not left mainland China since the pandemic began 2 1/2 years ago, will attend a ceremony marking Hong Kong's return to Chinese rule on July 1, 1997

Hong Kong's future uncertain 25 years after British handover to China

Hong Kong's honeymoon period, when it carried on much as it always had, has passed, and its future remains uncertain, determined by forces beyond its control

Tencent Holdings top backer Prosus to cut $134 billion stake: Report

Tencent declined in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company's biggest shareholder, will unload its stock

Chinese President Xi's presence at Hong Kong anniversary still unclear

Questions continue to circle over whether Chinese leader Xi Jinping will attend the 25th year anniversary of Hong Kong's handover from British to Chinese rule

New house in Hong Kong sells for $111 million, the most this year

A new house in Hong Kong was sold for HK$870 million ($111 million), the highest price this year, buoying the city's slowing luxury market

China's Xi Jinping to visit Hong Kong for 25th handover anniversary

Chinese leader Xi Jinping will visit Hong Kong this week to celebrate the 25th anniversary of the former British colony's 1997 return to China, a state news agency said Saturday

Nomura names Jwalant Nanavati as Southeast Asia investment banking head

Hong Kong-based Nanavati, who joined Nomura nearly four years ago to head its Asia ex-Japan technology, media and telecom (TMT) investment banking team, will take over the new role from July 1