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The Latest Breaking News from Hong Kong

Alibaba, XPeng Fall Over 1%: Hang Seng Opens Weaker As Investors Continue To Gauge Impact Of US Fed Rate Projections

Hong Kong stocks opened in the red on Friday, with shares of Alibaba and XPeng falling over 1% each as investors continued to gauge the U.S. Federal Reserve’s rate projections for tackling inflation. The Hang Seng Index fell 0.34% at the open and continues to trade near its 2011 lows.

Benzinga

Hong Kong journalist is on a trumped-up charge

Letter: It is distressing that the authorities have targeted Ronson Chan, who was about to start a new life in the UK, writes Natalie Bennett

The Guardian - UK

Hong Kong journalist allowed to travel to UK after court grants bail

Ronson Chan was arrested in September as part of an ongoing crackdown on dissent and free expression in the city

The Guardian - AU

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Betters Medical Looks Ailing Going Into Hong Kong IPO

Key Takeaways: Betters Medical has launched a Hong Kong listing, relying on high-margin microwave ablation needles as its major revenue contributor The company could face liability of tens of millions of yuan for failing to meet terms of an agreement with one of the investors in its Series C funding…

Benzinga

Exclusive-China sends regulators to Hong Kong to assist U.S. audit inspection -sources

Beijing has sent a team of regulatory officials to Hong Kong to assist the U.S. audit watchdog with onsite audit inspections involving Chinese companies, four people familiar with the matter said, as part of a landmark deal between the two countries.

Reuters

Hong Kong journalist granted bail, trip for fellowship

The head of Hong Kong’s largest journalist group has been granted bail

The Independent UK

Hong Kong 'to end hotel quarantine' next month

HONG KONG: Hong Kong will scrap its controversial Covid-19 hotel quarantine policy for all arrivals from early October, more than two and a half years after it was first adopted, according to local reports.

Bangkok Post

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Hong Kong to scrap hotel quarantine for travellers from early Oct -media

Hong Kong will scrap its controversial COVID-19 hotel quarantine policy for all arrivals from early October, more than 2-1/2 years after it was first adopted, news portal HK01 said on Thursday, citing unidentified sources.

Reuters

Hong Kong raises benchmark interest rate to 14-year high

Financial hub’s de facto central bank lifts key rate to 3.5 percent after latest rate hike in the United States.

Al Jazeera

Alibaba Plunges, Xpeng, Nio Nosedive: Fed Rate Hike and Projections Push Hang Seng To 2011 Lows

Hong Kong's benchmark Hang Seng Index lost over 1.9% in opening trade to hit 2011 lows after the U.S. Federal Reserve raised interest rates by 0.75% and indicated they could be hit as high as 4.6% next year. That dented stocks of U.S.-listed Chinese EV makers, whose business prospects depend a lot…

Benzinga

Lepu ScienTech Revives IPO After Policy Move Brightens Its Prospects

Key Takeaways: After taking its Lepu Biopharma unit public in February, Lepu Medical is pressing ahead with a third attempt at listing is Lepu ScienTech unit in Hong Kong

Benzinga

Hong Kong plans to launch trial of e-HKD in fourth quarter

HONG KONG: Hong Kong will start testing out a digital coin called the e-HKD from the fourth quarter, paving the way for a virtual currency the public can use in the future to shop, dine out and make money transfers.

Bangkok Post

Hong Kong has lost aviation hub status, airline body head says

International Air Transport Association head says China’s pandemic policies have ‘devastated’ former British colony.

Al Jazeera

China's record-breaking drought hits major rice-growing regions

HONG KONG: A record-breaking drought has continued to hit China's two major rice-growing regions, adding to challenges over food security, drinking water and the conservation of endangered Yangtze River mammals.

Bangkok Post

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The Independent UK

Hong Kong arrests man who briefly attended vigil for Queen

The 43-year-old man was playing songs on his harmonica, including the British national anthem

Al Jazeera

China says will do all it can for peaceful Taiwan ‘reunification’

Beijing says the self-ruled island is part of China and has been increasingly assertive over its claim.

Benzinga

Lifted by Southeast Asia Growth, Insurer FWD Seeks IPO Safe Landing

Key Takeaways: FWD has switched its focus from opportunities in China to the growth potential in Southeast Asia as its main IPO selling point for investors

The Independent UK

Hong Kong man arrested after paying tribute to queen

Hong Kong police say they have arrested a man who paid tribute to Queen Elizabeth II near the city’s British Consulate for alleged sedition

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Bangkok Post

Where is the best place to live for expats in 2022?

When evaluating the best and worst places for expatriates to live and work overseas, InterNations goes straight to the source.

Bangkok Post

Hong Kong to cut hotel quarantine as China shows support

Hong Kong wants to relax Covid rules like mandatory hotel quarantine that have made travel difficult for nearly three years, Chief Executive John Lee said Tuesday, as mainland officials signalled their approval.

The Guardian - AU

Hong Kong journalist charged days before leaving for Oxford fellowship

Ronson Chan was due to travel to the UK when he was arrested for ‘obstructing police’

Al Jazeera

Hong Kong leader ‘exploring’ easing of controversial COVID curbs

John Lee says changes to controversial hotel quarantine scheme should not cause “chaos or confusion”.

Reuters

Hong Kong flags COVID quarantine policy change, wants an orderly opening-up

Hong Kong said on Tuesday it aims to make an announcement soon on its controversial COVID-19 hotel quarantine policy for all arrivals, as it wants to keep the city connected with the rest of the world and allow an "orderly opening-up".

Benzinga

Lacking Revenue, Jenscare Scientific Hopes IPO Investors Take Heart in Its Potential

Key Takeaways: Jenscare Scientific is preparing to raise a reported $30 million in a Hong Kong IPO, even though it doesn’t expect to earn any product-related revenue until the latter half of next year at earliest

Reuters

World bids farewell to Queen Elizabeth from cafes and consulates

In Hong Kong, hundreds kept up with Queen Elizabeth's funeral on their phones as they queued for hours to pay their tributes. In Sydney, Australia, customers packed into pubs to watch the ceremony on screens.

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