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The Latest Breaking News from Hong Kong

China's yuan becomes most traded foreign currency on Russian exchange

HONG KONG: The yuan surpassed the US dollar for the first time this week to become the most traded foreign currency on the Moscow exchange as tensions with the West push the Russian economy closer to China.

Bangkok Post

Iran’s brave young women must break their own chains. The west won’t help

The uprising against Tehran’s vile regime could fail like those in Hong Kong, Belarus, Egypt and Syria – but this time something feels different

The Guardian - UK

Marco Fu delights big home crowd with maximum in Hong Kong Masters

The 44-year-old’s feat draw a roar of approval at the Hong Kong Coliseum.

The Independent UK

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Teens sentenced under Hong Kong security law

HONG KONG: Five teenagers with a Hong Kong group advocating independence from Chinese rule were sentenced on Saturday to up to three years in detention at a correctional facility, for urging an “armed revolution” in a national security case.

Bangkok Post

Plastic bag charge in Hong Kong to double by end of year

HONG KONG: Hong Kong plans to raise its plastic bag levy to HK$1 (4.80 baht) by the end of this year under a finalised proposal submitted to the legislature for a vote later this month, an increase environmental groups say is long overdue.

Bangkok Post

‘It’s a living organism, a crazy cacophony of life’: Scott A Woodward’s best phone picture

The Canadian photographer on capturing a moment of calm – and a little slice of humanity – at Hong Kong’s Monster Building

The Guardian - UK

Five Hong Kong teenagers sentenced in first security case involving minors

Five teenagers with a Hong Kong group advocating independence from Chinese rule were ordered by a judge on Saturday to serve up to three years in detention at a correctional facility, for urging an "armed revolution" in a national security case.

Reuters

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Pink Diamond Sells for Nearly $58 Million in Hong Kong

A rare pink diamond has sold in Hong Kong for nearly $58 million, setting a record for price per carat paid at auction for any diamond or gemstone, according to Sotheby's. The 11.15-carat Williamson Pink Star on Friday fetched HK$453.2 million ($57.7 million), the second-highest price paid at auction for…

Asharq Al-Awsat

Ronnie O’Sullivan pulls in world record crowd for snooker as he progresses in Hong Kong

More than 5,000 spectators amassed to break the previous record by an incredible 2,000

Wales Online

Snooker sets new attendance record as Ronnie O’Sullivan progresses in Hong Kong

More than 5,000 spectators were present at the Hong Kong Coliseum.

The Independent UK

Williamson Pink Star diamond sells for record £45m in Hong Kong auction

The diamond was originally estimated at £18.9million

Evening Standard

Pink Diamond Breaks Auction Record in Hong Kong

A pink diamond was sold for $49.9 million in Hong Kong on Friday, setting a world record for the highest price per carat for a diamond sold at auction. The 11.15-carat Williamson Pink Star diamond, auctioned by Sotheby’s Hong Kong, sold for $392 million Hong Kong dollars ($49.9 million). It…

Asharq Al-Awsat

Pink diamond breaks auction record in Hong Kong

A pink diamond has been sold for $49.9 million in Hong Kong, setting a world record for the highest price per carat for a diamond sold at auction

The Independent UK

Cross-Border E-commerce Trader Zibuyu Files for IPO Despite Sinking Profits

Key Takeaways: Cross-border e-commerce company Zibuyu has filed for a Hong Kong IPO, but could be undermined by its heavy reliance on Amazon and the U.S. market The company’s first-half profit plunged 46% as its merchandise return rates and costs both rose sharply By Stone Shek

Benzinga

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Daily Mirror

Hong Kong is giving away 500,000 free flights after ditching quarantine rules

Days after it announced that mandatory hotel quarantine to limit the spread of coronavirus would be ditched, Hong Kong has said 500,000 free plane tickets will be given out

Al Jazeera

Megayacht tied to sanctioned Russian tycoon anchors in Hong Kong

Superyacht linked to Russian billionaire Alexey Mordashov is estimated to be worth $500m.

Reuters

Luxury yacht owned by sanctioned Russian oligarch docked in Hong Kong

A luxury yacht worth over half a billion U.S. dollars belonging to sanctioned Russian oligarch Alexey Mordashov has docked in Hong Kong waters, according to shipping records, after a week-long voyage from Russia.

The Independent UK

Yacht owned by sanctioned Russian tycoon docks in Hong Kong

A superyacht connected to Russian tycoon Alexey Mordashov has anchored in Hong Kong this week amid moves by Western governments to seize yachts connected to sanctioned Russian businessmen

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The Guardian - UK

Pink diamond expected to fetch more than £20m at Hong Kong auction

Williamson Pink Star is second largest ‘fancy vivid pink’ diamond to ever appear at auction

Benzinga

Alibaba Sheds 1%, Nio, EV Peers Tank Over 6%: Hong Kong Stocks Open Lower As Focus Turns To US Jobs Data

Hong Kong stocks opened in the red on Friday ahead of the release of the U.S.

ABC News

Who are the possible contenders for the 2022 Nobel Peace Prize?

While Ukrainian President Volodymyr Zelenskyy is a favourite to win, here are some other figures working towards making the world a peaceful place.

Benzinga

Lepu Biopharma Marches Towards First Sales as Costs Mount

Key Takeaways: Lepu Biopharma will incur more operational costs as it builds up its production capacity and sales and marketing teams to commercialize its first approved product The company’s stock surged after it said it would list on Shanghai’s STAR Market and be included in the Shenzhen-Hong Kong Stock Connect…

Benzinga

Falling IPO Star: Hong Kong Tipped to Lose Top-Three Ranking Again

Key Takeaways: As of the third quarter of this year, the world’s top three IPO capital raisers were the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the Korea Exchange, with Hong Kong lagging in fourth place

Bristol Post

Japan and Hong Kong have finally re-opened their borders to international tourists

Covid restrictions are continuing to ease every day and now some countries are back on the table for eager travellers

The Independent UK

Hong Kong to offer 500,000 free flight tickets to lure back tourists

Virgin Atlantic is dropping its London-Hong Kong route for the first time in 30 years

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