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The Latest Breaking News from Hong Kong

Alibaba Falls Over 3%, Nio Plunges 6%: Hang Seng Opens Weaker As China COVID Curbs, Earnings Season Fray Nerves

Hong Kong shares opened in the red on Friday, with the benchmark Hang Seng falling 1.5%, as mixed earnings prompted traders and investors to pare positions before the end of the week.

Benzinga

Hong Kongers who clapped in court found guilty of sedition

Two Hong Kongers have been found guilty on a sedition charge after they clapped and criticized the judge during a previous trial over a banned Tiananmen Square vigil in the city

The Independent UK

Hong Kong finance chief stuck in Saudi Arabia after catching COVID

Hong Kong's Financial Secretary Paul Chan tested positive for COVID-19 during a visit to Saudi Arabia and will stay there for a "short while" to observe health requirements, the city's government said on Thursday.

Reuters

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Fifth Time Lucky? Wheel Maker Buyang Takes New Spin at Hong Kong IPO

Key Takeaways: Buyang International is making a fifth attempt to list in Hong Kong, hoping to raise funds for a major new expansion that will double its capacity The company churns out a majority of its revenue from overseas markets, leaving it largely in the dust in its home market…

Benzinga

Hong Kong-based professional services firms ramp up in Singapore

HONG KONG: Professional services companies are expanding their presence in Singapore as they seek to gain a bigger share of the growing Southeast Asian market, with some eyeing the medical tourism sector.

Bangkok Post

South Africa to let Russian billionaire's superyacht dock

South Africa will allow a $500 million superyacht linked to sanctioned Russian billionaire Alexey Mordashov to dock in Cape Town despite attempts from the city’s mayor to get its entry blocked

The Independent UK

U.S. blasts verdict against Hong Kong democracy advocate Jimmy Lai

The United States condemns the verdict against Hong Kong democracy advocate Jimmy Lai on "spurious fraud charges," State Department spokesperson Ned Price said on Wednesday.

Reuters

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Saudi Arabia Warns against Upcoming Economic Pressure

As the ongoing Future Investment Initiative forum in Riyadh is discussing ways to address the turbulent conditions and the immediate economic pressures in the world, economy, trade, and investment ministers presented their ideas and strategies to adapt to the current global situation. - Proactive outlook Eng. Khalid Al-Falih, the Saudi…

Asharq Al-Awsat

South Africa allows superyacht belonging to Putin ally billionaire to dock in Cape Town

Russian tycoon Alexey Mordashov is one of the many sanctioned by western countries

The Independent UK

Nio Surges 15%, Alibaba Up Nearly 1%: What's Pushing Hong Kong Stocks Higher Today

Hong Kong shares opened in the green on Wednesday, with the benchmark Hang Seng gaining 2.5%, as investors began considering the possibility of slowing aggression by the Federal Reserve when it announces its monetary policy next week.

Benzinga

Pro-democracy publisher Lai found guilty on fraud charges

Pro-democracy Hong Kong publisher Jimmy Lai has been found guilty on a pair of fraud charges related to lease violations

The Independent UK

Alibaba, JD Put Up Resistance As Hang Seng Index Falls Below 15,000 Level For 1st Time Since 2009

Hong Kong stocks traded mixed on Tuesday with the benchmark Hang Seng Index falling over 1% in morning trade as investors continued to flee mainland Chinese stocks following President Xi Jinping’s historic consolidation of power.

Benzinga

Emotions run high at protest held after man 'attacked' outside Chinese consulate in Manchester

Signs were held aloft, displaying messages ranging from 'Expel China' and 'Free Hong Kong' to 'British Blood On China Hands' and 'Hang Xi Jinping'

Manchester Evening News

Hong Kong rolls out measures to attract new talent

Hong Kong's leader has rolled out a slew of measures to woo global talent but Covid-19 restrictions and the high cost of living are two major hurdles that may prevent them from remaining in the city.

Bangkok Post

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The Independent UK

Young Chinese people – tired of Hong Kong – are escaping to find peace on Peng Chau island

Jessie Pang and Tyrone Siu capture the young Hong Kongers who are seeking relief and escape from the pressure of the metropolis on an island that’s just a short ferry ride away from the city

Reuters

Members of disbanded Hong Kong group jailed up to 3 years for inciting subversion

Three members of a Hong Kong pro-democracy student group were sentenced on Saturday to up to three years jail for conspiracy to incite subversion, after setting up street booths that allegedly called on people to oppose the government.

Bangkok Post

Hong Kong jails three more young activists

 Three young Hong Kong activists were jailed on Saturday under the Beijing-imposed national security law, in the latest case of authorities taking a hardline approach toward political speech.

Benzinga

Cannabis Policy News: Australia City Decriminalizes Cocaine And Heroin, Hong Kong To Ban CBD, Missouri Legalization Ad Featuring Police Officers

Australia's Capital Decriminalizes Possession Of Small Amounts Of Heroin, Cocaine

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news in one place.

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France 24

Continental selections of contemporary art come to Paris

After the Covid-19 pandemic put many international art fairs on hold, the French capital is now host to several major events displaying contemporary pieces from around the globe. Art Basel has spread its wings beyond Miami and Hong Kong to create the first edition of "Paris +", staged at the…

Benzinga

Newly profitable Kanzhun Steps Aboard Hong Kong's Dual Listing Train

Key Takeaways: Having finally turned a profit, Kanzhun has filed for a dual primary listing on the Hong Kong Stock Exchange to insure against its shares being pulled from New York

Benzinga

Domino's China Operator Makes Second Toss at Hong Kong IPO

Key Takeaways: DPC Dash, operator of the Domino’s pizza chain in China, has filed an updated prospectus to list its shares in Hong Kong The company differs from larger rival Pizza Hut in China due to its bigger focus on delivery, and also due to its earlier stage of development…

Benzinga

Is TV Giant TCL Quietly Preparing to Privatize Its Consumer Electronics Arm?

Key Takeaways: • Under a new chairwoman, the parent of TCL Electronics has acquired more shares in the Hong Kong-listed unit, raising its stake to 54.03%

Bangkok Post

Hong Kong to ban CBD

Hong Kong will outlaw cannabidiol (CBD) by February, the government announced on Thursday, placing it in the same category as heroin, cocaine and methamphetamine with users facing hefty jail time.

The Independent UK

Yacht linked to sanctioned Russian tycoon leaves Hong Kong

A superyacht linked to sanctioned Russian tycoon Alexey Mordashov has left Hong Kong for South Africa nearly two weeks after the U.S. accused the city of operating as a safe haven for sanctioned individuals

Reuters

Russian oligarch's luxury yacht departs Hong Kong port

A luxury yacht belonging to sanctioned Russian oligarch Alexey Mordashov departed Hong Kong waters on Thursday heading for the South African port of Cape Town, according to private tracking site MarineTraffic.

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