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The Latest Breaking News from Hong Kong

Yuan Pricing for Mainland China Buyers Could Lift Hong Kong Stocks

Key Takeaways: Hong Kong and mainland stock regulators will create a mechanism allowing mainland Chinese to buy Hong Kong stocks using China’s yuan through an existing connect program

Benzinga

Why DiDi Global Shares Are Plunging Today

Senior Chinese officials have pushed back on proposed punishments for DiDi Global Inc (NYSE: DIDI) submitted by the nation's cybersecurity regulator, jeopardizing its Hong Kong listing plans,

Benzinga

Hong Kong and China denounce foreign interference after YouTube blocks leadership candidate's channel

Governments in Hong Kong and China on Thursday denounced YouTube's blocking of a campaign account for Hong Kong's sole leadership candidate John Lee because of U.S. sanctions against him, accusing the U.S. of undermining freedom of speech.

Reuters

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Google, Facebook Restrict Social Media Presence Of Hong Kong's Leadership Candidate

Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Meta Platforms Inc (NASDAQ: FB) have restricted the social media presence of former Hong Kong security chief John Lee due to U.S. sanctions, the Financial Times reports. Google-owned video streaming platform YouTube suspended Lee’s campaign channel, while Meta’s Facebook and Instagram banned payment services by the former official despite…

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, April 21

CNBC Ford Unveils Lincoln Star Electric SUV Concept

Benzinga

Hong Kong Disney Opens as COVID Eases

Hong Kong relaxed pandemic restrictions on Thursday, with Disneyland and museums reopening and nighttime restaurant dining resuming as the city's worst COVID-19 outbreak appears to be fading. Enthusiastic visitors ran into Disneyland the moment the gates opened after a three-month closure, The Associated Press reported. Popular theme parks were ordered…

Asharq Al-Awsat

Cathay Pacific Plans To Lure Pilots With Special Allowances: Bloomberg

Cathay Pacific Airways Ltd (OTC:CPCAY) (OTC:CPCAF) has come up with a slew of allowances for pilots to curb mass resignations, Bloomberg reported. The pilots operating in Hong Kong are seemingly upset about the effect of the country’s stringent COVID-19 policies on travel. The report noted that starting in 2023, senior captains will…

Benzinga

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Goldman Sachs Reported Morgan Stanley Bulk Share Sales To Hong Kong Regulator: FT

Goldman Sachs Group Inc (NYSE:GS) reported bank Morgan Stanley (NYSE:MS) to Hong Kong’s financial regulator over a series of block trades, Financial Times reported citing people familiar with the matter. As part of an “informal” discussion, Goldman alerted the territory’s Securities and Futures Commission three years ago about share price drops in a few Hong…

Benzinga

Hong Kong Disney opens as COVID eases; Shanghai deaths rise

Hong Kong has relaxed pandemic restrictions with Disneyland and museums reopening and nighttime restaurant dining resuming as the city’s worst COVID-19 outbreak appears to be fading

The Independent UK

Nio, Xpeng Fall Over 5%: What's Weighing On Hong Kong EV Stocks Today?

Shares of Tesla Inc (NASDAQ: TSLA) rivals and U.S.-listed Chinese electric automakers Nio Inc. (NYSE: NIO), Xpeng Inc (NYSE:

Benzinga

Why Alibaba, Other Tech Peers Are Sliding For A Third Straight Day In Hong Kong

Shares of U.S.-listed Chinese tech firms Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ: JD), and

Benzinga

Cathay offers pilots allowances, perks to stem exodus

Cathay Pacific Airways Ltd will alter monthly allowances and other perks for pilots as it tries to stem a wave of resignations among crew frustrated by the impact of Hong Kong’s Covid-19 policies on their lives.

Bangkok Post

Hong Kong reopens venues, extends dining hours as COVID cases fall

Hong Kong reopened gyms, beauty parlours, theme parks and cinemas on Thursday for the first time in more than four months, as authorities relaxed some of the world's toughest COVID-19 curbs, which have weighed on people and businesses.

Reuters

Alibaba, JD Stocks Suffer Heightened US Exodus Over Regulatory Clash

Chinese e-commerce giants have seen more of their shares shift to the Hong Kong market as Beijing failed to impress U.S. regulators, Bloomberg reports. Bloomberg saw ~77% of JD.com Inc's (NASDAQ:JD) shares circulating in Hong Kong's clearing and settling system as of April 19, versus 44% at the 2022 beginning. The shift highlighted…

Benzinga

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Evening Standard

YouTube removes Hong Kong leader candidate’s channel

YouTube has taken down the channel of Hong Kong’s only candidate to become its next leader citing US sanctions on him.

The Conversation

Human rights declined during the COVID-19 pandemic, in countries from Angola to the US to New Zealand

Human rights activists and international leaders first warned in April 2020 that countries could use the COVID-19 pandemic as an excuse to crack down on human rights.

Bangkok Post

Business booms for Hong Kong restaurants and shopping malls over Easter break

HONG KONG: Hong Kong's catering and retail sectors have reported a double-digit surge in business during the Easter holidays, despite social-distancing curbs reining in some of their growth, according to industry professionals.

The Independent UK

YouTube takes down Hong Kong leader candidate's channel

YouTube has taken down the campaign channel of Hong Kong’s sole candidate to become its next leader, John Lee, citing compliance with U.S. sanctions imposed against the former No. 2 official

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Reuters

YouTube blocks account of Hong Kong's sole leadership candidate

YouTube blocked the account of Hong Kong's sole leadership candidate John Lee on Wednesday as part of U.S. sanctions against the city's former No. 2 official who said the move will not affect his bid to lead the financial hub for the next five years.

Benzinga

SoftBank Robotics Invests In Hong Kong Startup Avalon SteriTech: Bloomberg

SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) robotics arm has agreed to buy a minority stake in cleaning technology startup Avalon SteriTech Ltd, Bloomberg reports. SoftBank Robotics looks to acquire a 5% stake in the Hong Kong-based company. The financial terms of the deal remain undisclosed. The investment marks SoftBank's Hong Kong debut. The…

Benzinga

JPMorgan's Chinese Tech Sector Downgrade Proved Costly for Them - Read How

JPMorgan Chase & Co (NYSE:JPM) lost its position as the most senior underwriter for Kingsoft Cloud Holdings Ltd's (NASDAQ:KC) Hong Kong stock offering, Bloomberg reports. The size of the offering in Hong Kong is relatively small, amounting to ~$100 million. The change came after one of JPMorgan's analysts cut the share-price target for the…

Evening Standard

Hong Kong jails DJ for ‘uttering seditious words’ in latest crackdown

Tam Tak-chi was the first person to be charged with sedition since 1997

Al Jazeera

Hong Kong activist jailed for 40 months in sedition trial

Activist Tam Tak-chi was a defendant in the city’s first sedition trial since it was handed back to China in 1997.

The Guardian - AU

Hong Kong jails pro-democracy activist and former DJ for ‘uttering seditious words’

Tam Tak-chi was the first person charged with sedition since 1997 under colonial-era law amid a wider crackdown by authorities

Reuters

Hong Kong activist jailed for sedition in first case since 1997 handover

A Hong Kong opposition activist was jailed for 40 months on Wednesday after the city's first sedition trial since its handover from British to Chinese rule nearly 25 years ago.

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