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The Latest Breaking News from Hong Kong

Maserati Debuts New Showroom Design Bridging Online, Offline Shopping

Maserati plans to launch this in its stores in Berlin, Hong Kong, Madrid, Melbourne, and Shanghai by the end of 2022.

Motor1

AIM Vaccine Shrinks Its IPO But Gives Chairman a Mega Paycheck

Key Takeaways: AIM Vaccine is finally landing on the Hong Kong Stock Exchange at its third attempt, but has only issued 0.8% of its total share capital, raising a net HK$70 million The company issued equity incentives worth a whopping 900 million yuan to its chairman before going public, and…

Benzinga

Hong Kong government to further ease coronavirus measures

The Hong Kong government said on Friday it aims to ease some coronavirus curbs in an orderly way as pandemic trends in the Asia financial hub were continuing to stabilise.

Reuters

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Siki Reddy-Rohan Kapoor enter mixed doubles quarters at Vietnam Open

HO CHI MINH CITY: India's Sikki Reddy and Rohan Kapoor dug deep to beat Hong Kong's Fan Ka Yan and Yeung Shing Choi and reach the mixed doubles quarterfinals at the Vietnam Open Super 100 badminton tournament on Thursday.

The Times of India

Trip.com Gets Boost From Reopening Global Borders

Key Takeaways: Strongly recovering business in the U.S. and Europe helped Trip.com return to the black with a 69 million yuan profit in the second quarter The company said outbound bookings from Hong Kong jumped nearly four times last week from the previous week as the city prepared to end…

Benzinga

Former Hong Kong lawmaker sentenced to 3 1/2 years in jail

Former Hong Kong lawmaker and pro-democracy activist Ted Hui has been sentenced to 3 1/2 years in jail for criminal contempt after he skipped bail and fled overseas, missing trial for cases against him

The Independent UK

Self-exiled Hong Kong democrat sentenced to 3 1/2 years in jail in absentia

A court in Hong Kong on Thursday sentenced a pro-democracy activist and former lawmaker, Ted Hui, to 3 1/2 years in jail for "criminal contempt" after he failed to show up for trial in several criminal cases.

Reuters

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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

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 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

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

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Bangkok Post

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…

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.

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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news in one place.

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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.

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

Reuters

Hong Kong prepares for surge in travel after COVID curbs ease

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.

Al Jazeera

Cardinal Zen, activists face Hong Kong court over legal aid fund

90-year-old former bishop of Hong Kong charged with improperly registering fund for those arrested in 2019 protests.

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