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The Latest Breaking News from Hong Kong

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

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…

Benzinga

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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.

360info

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

The Independent UK

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.

Benzinga

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.

Bangkok Post

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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".

Reuters

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.

Bangkok Post

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

The Guardian - UK

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.

Reuters

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.

Al Jazeera

Cardinal Zen, 5 others stand trial in Hong Kong over fund

A 90-year-old Catholic cardinal and five others are standing trial in Hong Kong for allegedly failing to register a now-defunct fund set up to assist people arrested in the mass anti-government protests three years ago

The Independent UK

Hong Kong's crypto industry eager for policy support

HONG KONG: Hong Kong's cryptocurrency entrepreneurs and investors are looking to the government to take more measures to support the industry amid growing concerns about the city's diminishing status as a crypto hub resulting from regulatory uncertainty.

Bangkok Post

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Bangkok Post

Fewer Hong Kong students to study in US this year

HONG KONG: The number of Hong Kong students pursuing studies in the United States during the first seven months of this year has fallen by 30% compared with the same period in 2019, just before the city's Covid-19 outbreak, official data shows.

Bangkok Post

Hong Kong businesses push for full reopening as quarantine ends

Hong Kong’s dismantling of hotel quarantine for arrivals is being met by calls for the city to remove remaining restrictions on travellers to help revive its fortunes as an international financial hub.

Bangkok Post

Hong Kong football fans boo Chinese anthem

HONG KONG: Football fans in Hong Kong were heard booing China’s national anthem on Saturday at the first match open to spectators in the city since legislation outlawing the practice was passed more than two years ago.

Wales Online

Hong Kong travellers no longer need to quarantine in hotels as Covid rules relaxed

The decision comes weeks before the city hosts the Rugby Sevens tournament

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Reuters

Hong Kong will scrap COVID hotel quarantine from Sept. 26

Hong Kong will scrap its controversial COVID-19 hotel quarantine policy for all arrivals from Sept. 26, more than 2.5 years after it was first implemented, in a long-awaited move for many residents and businesses in the financial hub.

Evening Standard

Hong Kong scraps hotel Covid quarantine measures for all travellers

The stringent Covid-19 measures had been in place for more than two years

Bangkok Post

Here are Hong Kong’s remaining Covid restrictions

Hong Kong Chief Executive John Lee announced an end to hotel quarantine and pre-flight laboratory tests for travellers from Sept 26, the most significant step towards reopening since the pandemic began.

The Independent UK

Hong Kong to end mandatory quarantine for overseas arrivals within days

Incoming travellers will take an arrival test and must monitor their health for three days – during which they cannot visit bars and restaurants

The Independent UK

Hong Kong to end mandatory hotel quarantine for travelers

Hong Kong’s leader has announced the city would no longer require incoming travelers to quarantine in designated hotels after nearly two years

Al Jazeera

Hong Kong to end quarantine after outcry from firms, residents

Move to lift travel restriction comes amid fears the former British colony is losing its competitive edge.

Bangkok Post

Singapore overtakes Hong Kong in world financial centres ranking

NEW YORK: Singapore has overtaken Hong Kong to become Asia’s top financial centre — and the third in the world — according to a new report that puts New York and London in the first and second spots.

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