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The Latest Breaking News from Hong Kong

China trials digital currencies for cross-border deals

SHANGHAI: A central bank digital currency trial focused on cross-border transactions involving China, Thailand, Hong Kong and the United Arab Emirates has been completed, as Beijing tries to internationalise its digital yuan.

Bangkok Post

Old sedition law finds new life in Hong Kong

HONG KONG: Authorities in Hong Kong have charged two men, one of them a teenager, for posting “seditious messages” on social media and inciting violence, police said on Thursday, using a colonial-era law that critics say is a tool to quash dissent.

Bangkok Post

Sterling, markets drop again as BoE boost wears off

Hong Kong (AFP) - The pound and European equities fell Thursday after the previous day's bank of England-fuelled rally, with investors growing increasingly worried about the UK economy as Prime Minister Liz Truss backed the controversial mini-budget that sparked turmoil across global markets.

AFP

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Equities pick up after BoE steps in, but pound resumes losses

Hong Kong (AFP) - Most Asian stocks bounced Thursday as UK and US government yields fell after the Bank of England jumped into bond markets to prevent a financial catastrophe.

AFP

Thailand, China conduct digital currency trial

A central bank digital currency trial focused on cross-border transactions involving China, Thailand, Hong Kong and the United Arab Emirates has been completed, as Beijing tries to internationalise its digital yuan.

Bangkok Post

Hong Kong sentences democracy activist who fled overseas

Hong Kong (AFP) - Former Hong Kong opposition lawmaker Ted Hui was sentenced in absentia on Thursday to three-and-a-half years in jail, after a court found that he misled authorities when fleeing the city.

AFP

Hong Kong pro-democracy figure Ted Hui sentenced to jail over 2019 protests

Former legislator, who fled to Australia last year, said earlier that any sentence would not harm his reputation or lobbying work

The Guardian - AU

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Hong Kong confirms November banking summit after ending quarantine

Hong Kong (AFP) - Hong Kong confirmed Thursday it will host an international banking summit in early November, days after it lifted mandatory quarantine rules for arrivals that have battered the city's reputation as a business hub.

AFP

Asian stocks pick up after BoE steps in, but pound rally wanes

Hong Kong (AFP) - Asian stocks rallied Thursday as UK and US government yields fell after the Bank of England jumped into bond markets to prevent a fresh financial catastrophe.

AFP

Which countries still have Covid travel restrictions?

While much of Europe and many popular tourist destinations have done away with Covid-19 documentation at the border, these 31 countries and territories still insist on it

The Independent UK

'Stock Advisor' JF Wealth Defies Market Basics with Ill-Timed IPO Bid

Key Takeaways: Online investment advisor JF Wealth has filed for a Hong Kong IPO, deriving most of its revenue from high-end education and content services The company faces mounting headwinds from rapidly growing sales and marketing costs and increasing refund requests By Emily Chan

Benzinga

Hony Capital Switches SPAC IPO Focus from U.S. to Hong Kong

Key Takeaways: Everest Acquisition Corporation, a SPAC co-funded by Hony Capital and ABCI Capital, applied to list in Hong Kong with the aim of acquiring companies in the healthcare, consumer goods and green sectors

Benzinga

Hong Kong defends currency peg amid outflow of capital chasing US dollar assets

HONG KONG: The Hong Kong Monetary Authority (HKMA) on Wednesday intervened in the foreign-exchange market for the first time in seven weeks to defend the local currency's peg against the US dollar, following flight of capital from the Hong Kong dollar market after US rates rose to a 14-year high…

Bangkok Post

Stocks and oil drop as dollar gains on recession, Ukraine fears

Hong Kong (AFP) - Equities and crude prices fell while the dollar held at multi-year highs Wednesday as recession fears mount and traders grow increasingly concerned about tensions between Russia and the West.

AFP

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Benzinga

Asian Bloodbath Continues: Alibaba, XPeng Shed 2%, Yuan Hits Weakest Levels Since 2008

Hong Kong shares opened lower on Wednesday, with the benchmark Hang Seng slipping 2.5%, taking cues from the S&P 500 which fell deeper into the bear territory after hitting a near two-year low. The Chinese yuan hit its lowest level since 2008 and was trading at 7.2296 against the dollar…

360info

Conflicts in a river’s revival reveals a way out

After decades of decline, a formerly pristine river with high ecological value in Hong Kong is on the path to revitalisation.

AFP

Dollar softens after rally, stocks stable but uncertainty reigns

Hong Kong (AFP) - The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, but while equity markets stabilised, sentiment remained dampened by recession fears.

The Independent UK

As Cantonese language wanes, efforts grow to preserve it

Three decades ago, finding opportunities to learn the Cantonese language in San Francisco wasn’t hard

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Benzinga

Alibaba, JD, Nio Mixed: Hang Seng Muted As Investors Await Cues, Gloomy World Bank Forecast For China Weighs

Hong Kong stocks opened mixed on Tuesday, with the benchmark Hang Seng Index edging 0.05% lower and investors searching for cues, as global markets continued to bleed in the aftermath of the U.S. Federal Reserve’s aggressive rate hike and projections.

AFP

Dollar softens after rally but Asian stocks struggle to recover

Hong Kong (AFP) - The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to recession fears.

Bangkok Post

Ant Group's Alipay+ to boost cashless travel in South Korea

HONG KONG: Chinese financial technology giant Ant Group is ramping up cashless travel in South Korea through its Alipay+ programme, which supports a major collaboration between trusted mobile payment services providers across Asia.

Reuters

Hong Kong's Cardinal Zen goes on trial over protest charity fund

Cardinal Joseph Zen, 90, one of the most senior Catholic clerics in Asia, and five others were accused on Monday by government prosecutors of using a now-disbanded charity fund for pro-democracy protesters as a front for "political activities".

Bangkok Post

Hong Kong prepares for surge in travel after Covid curbs ease

HONG KONG: Hong Kong is readying for a surge in travel after the global financial hub ended mandatory Covid-19 hotel quarantine for international arrivals on Monday, with travel companies reporting 10-fold jumps in requests.

The Guardian - UK

Wood and Water review – slender but powerful tale of a mother in search of her son

Left to fend for herself when she arrives in Hong Kong with protests in full swing, a German woman makes a series of chance encounters

AFP

Pound hits record low versus dollar, markets hit by recession fears

Hong Kong (AFP) - The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget.

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