Page 31 - Hong Kong

Yum China to raise $2.2 billion in Hong Kong secondary listing: Report

The company had flagged it would sell 41.91 million shares in the deal and the price is a 4.8% discount to the stock's Thursday closing price of $55.92 in the US

Hong Kong financial firms step up compliance hiring amid US sanctions

Demand for compliance staff has risen by as much as a third from a few months earlier, two headhunters said

Hong Kong media baron Jimmy Lai found not guilty in intimidation case

Magistrate May Chung told a Hong Kong Court on Thursday that she found insufficient evidence to support allegations

Hong Kong begins mass-testing for virus amid public doubts

The virus-testing program has become a flash point of political debate in Hong Kong, with many distrustful over resources and staff being provided by the China

Nearly 500,000 people register for free coronavirus tests in Hong Kong

Hong Kong authorities say nearly half a million people have registered for a free universal coronavirus testing programme that is due to begin on Tuesday

Chinese investors snap up Hong Kong property as new law deters foreigners

In August alone, mainland buyers snapped up at least two office towers and one hotel building worth 386.74 million pounds in total

China's mega banks post worst profit slump in a decade on bad debt wave

Pressured by the government to lend to businesses, loans and advances at the four big banks rose between 7% and 10% in the first half, even though bad debt surged

Hong Kong-based PAG picks 51% stake in Edelweiss Wealth for Rs 2,200 cr

PAG has been an active investor in the Asian region and most of its deals involve taking control as is the case with the latest Edelweiss investment

Job losses loom as Vanguard Group closes Hong Kong, Japan operations

The largest mutual fund company, with roughly $6 trillion in assets under management, said in a statement its Hong Kong business mostly served institutional clients and not retail investors

US says China 'bullying' UK, cites HSBC Hong Kong-related accounts

HSBC has in recent months faced mounting pressure on both sides of the Atlantic, as it attempts to balance its need to maintain access to the Chinese market

Ant's mega IPO set to turn early investors, employees into billionaires

Ant Chairman Eric Jing's fortune will swell to $2.9 billion, and another 17 current and former Alibaba and Ant executives will join the ranks of billionaires

Hong Kong police arrest 2 opposition lawmakers, 14 others over protests

Hong Kong police arrested 16 people Wednesday on charges related to anti-government protests last year, including two opposition lawmakers

Alibaba's Ant Group files for blockbuster Hong Kong, Shanghai dual listing

Ant's initial public offering would be the first simultaneous listing in Hong Kong and the year-old STAR Market

No need to be alarmed over Covid-19 reinfection cases in Hong Kong: ICMR

At a press briefing, ICMR Director-General Balram Bhargava said the Hong Kong case is a stray example and the reinfection can depend upon various factors

Hong Kong reports first coronavirus re-infection in technology worker

The 33-year-old's second SARS-CoV-2 infection was detected via airport screening on his return to Hong Kong from Europe this month

China vows support for Hong Kong as financial hub amid US standoff

Tensions between the US and China over Hong Kong has sparked tit-for-tat sanctions

Hong Kong to offer free, universal Covid-19 testing to all residents

Hong Kong will offer free, universal testing to its residents starting September 1

Jack Ma's Ant Financial plans dual IPO, targets $225 bn valuation: Report

The share sales could raise about $30 billion in total if markets are favorable, said one of the people

US ends extradition pacts with Hong Kong, escalating tensions with China

The moves are part of the Trump administration's efforts to pressure China over the imposition of a national security law

Trump administration suspends extradition, tax agreements with Hong Kong

The State Department announced it had taken the steps as part of the administration's response to China's imposition of strict national security laws over the former British territory