Page 4 - 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

Covid-19 cases spike in Hong Kong, S'pore as new wave spreads across Asia

Covid's comeback just as much of the northern hemisphere enters into summer shows the virus can still sicken a large swath of the population even when the weather is hot

Hong Kong's 1967 lesson: Move fast to win Asia's rich in dollar turmoil

Hong Kong must expand yuan-denominated options to attract asset inflows, leveraging its liquidity edge over Singapore in the race for wealthy investors

China to sanction US officials, NGO heads in response to Hong Kong actions

China will sanction United States officials, lawmakers and leaders of non-governmental organisations who it says have "performed poorly on Hong Kong issues, the foreign ministry announced. The US in March sanctioned six Chinese and Hong Kong officials who it alleged were involved in transnational repression and acts threatening to further erode the city's autonomy. The officials included Justice Secretary Paul Lam, security office director Dong Jingwei and former police commissioner Raymond Siu. In a retaliatory move against Washington, DC, on Monday, Chinese foreign ministry spokesperson Guo Jiakun in Beijing said China strongly condemned the acts, calling them despicable". The US has seriously interfered in the affairs of Hong Kong and violated international law principles, he said China has decided to impose sanctions on US congressmen, officials, and NGO leaders who have performed poorly on Hong Kong-related issues, Guo said, adding the response was made according to the ...

Hong Kong suspends US parcel shipments amid Trump's tariff hike plans

Chinese city's says it will suspend all goods mail services to the US in response to Trump's 'unreasonable and bullying action' of imposing 120% tariff on small-value parcels

Hong Kong defends immigration procedures after British MP denied entry

Hong Kong's government on Monday defended its immigration procedures after a British member of parliament was denied entry to the Chinese city last week, an incident that has prompted concerns among UK officials. Wera Hobhouse, a member of the Liberal Democratic Party representing Bath, on Sunday wrote on the social media platform Bluesky that authorities gave her no explanation for what she described as a cruel and upsetting blow. She noted that she was the first British MP to face such a situation upon arrival in the former British colony since it returned to Chinese rule in 1997. Hobhouse had told British media that she flew to Hong Kong to visit her newborn grandchild. She is also a member of the Inter-Parliamentary Alliance on China that has scrutinised Beijing's human rights record. The Hong Kong government, in a statement released late Monday, maintained that its immigration officers are duty-bound to question individuals to ascertain the purpose of any visit. The person ..

Hong Kong's largest pro-democracy party moves to disband as freedoms shrink

When Yeung Sum co-founded the city's largest pro-democracy party more than 30 years ago, he knew building a democratic Hong Kong would be a difficult dream." Still, it was not impossible. Today, his Democratic Party is moving toward dissolution, a symbolic marker of the diminishing Western-style civil liberties and high degree of autonomy that the ruling Communist Party in Beijing promised to keep intact in the former British colony for at least 50 years when it returned to China in 1997. Pro-democracy protests that paralysed Hong Kong in 2019 led to a crackdown that has all but silenced dissent through restricted elections, media censorship and a China-imposed national security law that saw some of Yeung's party members jailed. Dozens of civil society groups closed down. Former chairperson Yeung said in an interview with The Associated Press that Chinese officials told him the party needed to disband. He urged his members to support the motion to give the leadership mandate to hand

Hong Kong Weekender: Neha Dhupia And Angad Bedi's Ultimate Family-friendly Itinerary

Neha Dhupia and Angad Bedi are serving some serious travel inspo from their recent Hong Kong journey.

US sanctions six Chinese and Hong Kong officials for rights abuses

Western countries have criticized Beijing for imposing the national security law on Hong Kong and using it to jail pro-democracy activists

China tells state firms to halt deals with Hong Kong tycoon Li Ka-shing

CK Hutchison, the telecoms-to-retail conglomerate owned by Li, has been caught in China's crosshairs in the highly politicised deal with the US firm