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The Latest Breaking News from Hong Kong

Alibaba and Tencent stocks plunge after latest fines

Shares of Chinese technology firms Alibaba and Tencent have tumbled after Chinese regulators fined their subsidiaries for failing to disclose transactions and not complying with anti-monopoly rules

The Independent UK

Macao streets empty after casinos shut to fight outbreak

Streets in the gambling center of Macao are empty after casinos and most other businesses were ordered to close while the Chinese territory near Hong Kong fights a coronavirus outbreak

The Independent UK

Nearly 80% of recent Hong Kong travellers planning trips before October

HONG KONG: Many Hong Kong travellers are raring to go, according to a recent survey by online travel agency Expedia, with 79% of respondents in the city planning to venture overseas before the end of September.

Bangkok Post

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HS Prannoy loses in Malaysia Masters semis, India's campaign over

KUALA LUMPUR: Star Indian shuttler HS Prannoy's rampaging run at the Malaysia Masters Super 500 tournament hit a roadblock as he slipped to a narrow three-game loss against Hong Kong's NG Ka Long Angus in a mistake-filled men's singles semifinal here on Saturday.

The Times of India

Couples caught 'having sex' in posh hotel hot tub could face jail after being secretly filmed

WARNING, EXPLICIT CONTENT: Two separate couples could see jail time after they were filmed from a floor above engaging in steamy behaviour in what is reportedly in Hong Kong's North Point area, on July 1

Irish Mirror

New Traffic Device Leaves Hong Kong Pedestrians Red in the Face

Pedestrians crossing the road in Hong Kong may now find themselves bathed in a red glow after authorities installed a device reminding the public to obey traffic lights. Too often, Hong Kongers walk into traffic because they are distracted by their smartphones, Alex Au, chief engineer of the city's transport…

Asharq Al-Awsat

City watchdog recruits new chair from Hong Kong regulator

Ashley Alder moving back to London to top job at FCA

Evening Standard

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Financial Conduct Authority names Hong Kong regulator as chair

Ashley Alder will join UK watchdog, which is mired in internal strife, in January 2023

The Guardian - UK

Alibaba, Nio Spike, EV Peers Mixed: What's Weighing On Hong Kong Stocks Today

Hong Kong shares edged higher by mid-day trading on Friday, with gains among energy and property stocks offsetting weakness in most tech and consumer discretionary sectors. Electric vehicle stocks traded on a mixed note.

Benzinga

British lawyers defending Hong Kong tycoon say they receive threats

Barristers from a British law firm who are representing jailed Hong Kong tycoon and democracy campaigner Jimmy Lai said on Thursday they had received anonymous emails warning them against travelling to the city to defend him.

Reuters

London lawyers representing jailed tycoon Jimmy Lai ‘threatened’ by Hong Kong police

The barristers allegedly received emails claiming to be from an ‘officer of the national security wing’ in Hong Kong

Evening Standard

The Hong Kong Diaries by Chris Patten review – handover notes

The journal of Britain’s last governor makes for candid reading, supplemented by a polemical essay on Hong Kong 25 years on

The Guardian - UK

Hong Kong lifts flight ban citing 'little effect' on COVID

Hong Kong is shelving a COVID-19 measure that has resulted in dozens of canceled flights in recent months and thwarted travel plans for thousands

The Independent UK

Hong Kong suspends COVID flight bans that fuelled expat exodus

Restrictions eased as authorities cite ‘social chaos’ and flight ban’s negative effect on returning students

Al Jazeera

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Reuters

Hong Kong suspends flight bans as it eases COVID rules

Hong Kong has suspended a rule that banned individual flights for bringing in passengers infected with the COVID-19 virus, as it caused "unnecessary trouble" and inconvenience to residents of the global financial hub, the government said on Thursday.

Reuters

In China's Shenzhen, nostalgia persists for the old days of Hong Kong culture

A trip to glamorous Hong Kong was a distant dream for most Chinese mainlanders in the mid-1990s, but for schoolgirl Tracey Chen in the southern boomtown of Shenzhen, it was just a lunchtime stroll.

Benzinga

Weilong's Hong Kong IPO Valuation Halved as Investors Lose Appetite

Key Takeaways: Weilong is reportedly seeking to raise $500 million and is valued at $4.9 billion, both of which are nearly half that from a year ago The company has maintained strong sales, but profitability has stalled, triggering a switch to foreign markets in search of new growth drivers By…

Benzinga

Beauty Products Maker Imeik Makes Second Try at Hong Kong IPO

Key Takeaways: Started in 2004, Imeik is the largest provider of hyaluronic acid-based skin fillers in China The firm’s products lack variety and tighter government regulations could throw a wrench in ambitious plans By Tina Yip

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Benzinga

Wego's Dialysis Business Seeks Hong Kong IPO in MedTech Boom

Key Takeaways: Weigao Blood Purification filed for a Hong Kong IPO soon after bringing in well-known institutional investors The company is a domestic leader in China’s blood purification industry across a range of products, including blood filters and dialysis tubing By Molly Wen

Benzinga

Benzinga Before The Bell: FDA Temporarily Suspends Juul Ban, FTX Wants Bitcoin Derivatives, Voyager Digital Files For Chapter 11 Bankruptcy And Other Top Financial Stories Wednesday, July 6

CNBC Ben & Jerry’s Sues Parent Unilever On Israeli business Sale

Benzinga

Xi Jinping's Key Speech In Hong Kong Spurs Seminars To Study and Promote His Vision

Hong Kong is prepping to gain further insights into the latest speech delivered by President Xi Jinping in China’s Special Administrative Region.

Benzinga

Why Alibaba, Other Chinese Firms Could Seek Shifting Primary Listings to Hong Kong

Alibaba Group Holding Limited (NYSE: BABA) and other U.S.-listed Chinese stocks could convert their secondary listings in Hong Kong to primary, Bloomberg

The Independent UK

Shanghai, Beijing order new round of mass COVID-19 testing

Residents of parts of Shanghai and Beijing have been ordered to undergo further rounds of COVID-19 testing following the discovery of new cases in the two cities

The Guardian - AU

Five stand trial for sedition in Hong Kong over children’s books about sheep

The group are accused of trying to ‘incite hatred’ with books depicting Hong Kong residents as sheep and mainland Chinese as wolves

Benzinga

Alibaba, Nio, EV Stocks Buck Broader Slide: What's Weighing On Hong Kong Markets Today

E-commerce giant Alibaba Holding, Inc. (NYSE: BABA) and some major Chinese electric vehicle stocks bucked a broader slide in Hong Kong equities on Wednesday morning amid mostly weak global cues.

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