Page 3 - Hong Kong

Taiwan probes 16 Chinese technology companies for illegal operations

Investigators said the companies allegedly faked business registrations, pretending to be branches of overseas firms with foreign or Taiwanese investment

Sacred Buddha relics set for auction in Hong Kong in May, returns to India

A portion of the sacred Buddhist relics excavated in the northern parts of the country in 1898, which was earlier set to go under the hammer at an international auction house in Hong Kong in May, was returned to India on Wednesday. "This momentous repatriation has been made possible through an exemplary public-private partnership between the government of India and the Godrej Industries Group," the Ministry of Culture said. The sacred Piprahwa relics, carried in a box, were received by Union Culture Minister Gajendra Singh Shekhawat at a technical area of the Delhi airport, a senior official said. "This successful repatriation sets a benchmark in cultural diplomacy and collaboration, showcasing how strategic partnerships between public institutions and private enterprise can protect and preserve global heritage," the ministry said. The sacred Piprahwa relics will be formally unveiled during a special ceremony and placed on public display, allowing citizens and visitors to pay homag

Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal

A Hong Kong conglomerate that's selling ports at the Panama Canal said Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more U.S. scrutiny to the geopolitically fraught deal. CK Hutchison Holdings' initial plan to sell its port assets to a group that includes U.S. investment firm BlackRock Inc. pleased President Donald Trump, who has alleged that China interferes with the critical shipping lane's operations in Panama. However, they apparently angered Beijing and drew a review from Chinese anti-monopoly authorities. A Beijing-backed newspaper posted scathing commentaries about the deal, with one describing it as a betrayal of all Chinese. Beijing's offices overseeing Hong Kong affairs have reposted some of these commentaries, widely seen as an indication of Chinese leaders' stance. A Hutchison subsidiary has operated ports at both ends of the Panama Canal since 1997. After months of uncertainty brought by tensions betwe

HKMA penalises IOB's Hong Kong branch for breaching AML regulations

The Hong Kong Monetary Authority imposes a penalty on Indian Overseas Bank's Hong Kong branch for violating anti-money laundering regulations from May 2021 to January 2024

Typhoon Wipha causes major flight disruptions in Hong Kong, southern China

Airports in Hong Kong, Shenzhen, Zhuhai and Macao canceled or postponed all their daytime flights, their websites showed

Hong Kong's new prison rules to restrict visits, including those by lawyers

Hong Kong tightened prison rules, allowing authorities to restrict visits, including those by certain lawyers and religious personnel, on national security grounds, in the latest expansion of its stringent control. Under the new rules, effective Friday, magistrates can issue warrants on application by correctional service officers to bar exchanges between specific legal representatives and persons in custody if the judges believe such connections could harm national security or cause bodily harm to any person, among other reasons. The department can also restrict certain visits, including those made by specific chaplains, for purposes such as maintaining national security, preventing crime and facilitating inmate rehabilitation. Critics worry the changes could undermine inmate rights in a city where many democracy advocates were arrested for their political activism following massive anti-government protests in 2019. The city now has two national security laws that Beijing deemed ..

Apple supplier Lens Technology to debut in Hong Kong after $607 mn float

Headed by China's second-richest woman, Lens Technology is the latest China-traded company to set its sights on Hong Kong

Shein files for IPO in Hong Kong after facing setbacks in US, UK listings

Shein's plan to go public in the US, and later in the UK, hit a roadblock due to growing scrutiny over its labour practices, data handling, and rising regulatory and geopolitical pressure

Apple supplier Lens Tech seeks up to $606 million in Hong Kong listing

The maker of mobile phone glass covers and other components for consumer electronics is part of a wave of Chinese companies listed on mainland exchanges seeking to sell shares in Hong Kong

WFM Asia offloads 2.84% stake in Star Health Insurance for ₹701 crore

Hong Kong-based WFM Asia on Wednesday divested a 2.84 per cent stake in Star Health and Allied Insurance Company for nearly Rs 701 crore through an open market transaction. Hedge fund manager WFM Asia, through its affiliate WF Asian Smaller Companies Fund, offloaded more than 1.66 crore equity shares or 2.84 per cent stake in Star Health and Allied Insurance Company, as per the bulk deal data on the NSE. The shares were disposed of at an average price of Rs 420.03 apiece, taking the deal value to Rs 700.86 crore. At the end of the March quarter, WFM Asia, through its arms WF Asian Reconnaissance Fund and WF Asian Smaller Companies Fund, owned a 3.48 per cent stake in Chennai-based Star Health and Allied Insurance. Meanwhile, SBI Mutual Fund acquired over 1.64 crore shares, representing a 2.8 per cent stake in Star Health for nearly Rs 690 crore. Shares were purchased at an average price of Rs 420 per piece. Details of other buyers of Star Health and Allied Insurance Company's sha

Security key to Hong Kong's continued prosperity, says China's HK official

Xia's speech at the forum represents the most public appearance he has made during his five-day trip that began Wednesday, which has included meetings with political and business leaders

'We don't want to continue': Air India pilot returns flight to Hong Kong

The aircraft was a Boeing 787-8 Dreamliner, the same as the one involved in the brutal crash that killed 241 people out of 242 on board in Ahmedabad

China, Hong Kong authorities launch 1st publicly known joint operation

China's national security authorities in Hong Kong and the city's police launched their first publicly known joint operation, raiding the homes of six people on suspicion of colluding with foreign forces to endanger national security. The police's statement on late Thursday did not disclose the identity of the six people suspected of breaking the 2020 Beijing-imposed national security law between November 2020 and June 2024. Beyond their homes, officers searched the office of the organisation involved and seized exhibits such as bank documents and devices for further investigation, according to the statement. The six people were required to surrender their travel documents. Beijing's national security arm in Hong Kong also had requested assistance from the city's national security police, including in arranging interviews with the people in the case, the police said. But the local force did not elaborate details of their accusations and which organization it was, saying the ...

Top Indian dealmakers earn 37% more than Singapore, Hong Kong peers

India is seeing a boost from a rebound in investments even as global trade uncertainties weigh on the country's broader outlook

HK Express airfares fall amid rising competition, aircraft issues: CEO

Many airlines, including HK Express and its low-cost rivals, are capitalising on the third runway that opened in November to add more flights

FDA may change Covid-19 booster rules from 2025: What it means for you

The US Food and Drug Administration may limit Covid-19 boosters shots to high-risk groups from 2025; Pfizer reviewing proposal as agency seeks new trials, clearer risk labels for younger males

How the trade war shaped Chinese battery giant's Hong Kong debut

CATL, the biggest EV battery maker, raised about $4.6 billion in the world's largest IPO this year

Chinese EV battery maker CATL debuts on Hong Kong exchange, raises $4.6 bn

CATL's listing, the largest globally this year, could be a nudge for other major mainland China firms that are already eyeing Hong Kong's equity markets

Covid-19 spike in Hong Kong, Singapore not yet a concern for India: Experts

Doctors advise calm as India sees just 58 new Covid-19 cases amid a rise in HK and Singapore; experts highlight low hospitalisation and no serious strain currently

Covid-19 wave returns in Asia, cases increase in Hong Kong, Singapore

Covid-19 cases are rising sharply across Asia, with Hong Kong, Singapore, China, and Thailand reporting spikes. However, despite rising cases elsewhere in Asia, India has not reported any increase