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The Latest Breaking News from Hong Kong

In China's Shenzhen, nostalgia persists for the old days of Hong Kong culture

A trip to glamorous Hong Kong was a distant dream for most Chinese mainlanders in the mid-1990s, but for schoolgirl Tracey Chen in the southern boomtown of Shenzhen, it was just a lunchtime stroll.

Reuters

Weilong's Hong Kong IPO Valuation Halved as Investors Lose Appetite

Key Takeaways: Weilong is reportedly seeking to raise $500 million and is valued at $4.9 billion, both of which are nearly half that from a year ago The company has maintained strong sales, but profitability has stalled, triggering a switch to foreign markets in search of new growth drivers By…

Benzinga

Beauty Products Maker Imeik Makes Second Try at Hong Kong IPO

Key Takeaways: Started in 2004, Imeik is the largest provider of hyaluronic acid-based skin fillers in China The firm’s products lack variety and tighter government regulations could throw a wrench in ambitious plans By Tina Yip

Benzinga

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Wego's Dialysis Business Seeks Hong Kong IPO in MedTech Boom

Key Takeaways: Weigao Blood Purification filed for a Hong Kong IPO soon after bringing in well-known institutional investors The company is a domestic leader in China’s blood purification industry across a range of products, including blood filters and dialysis tubing By Molly Wen

Benzinga

Benzinga Before The Bell: FDA Temporarily Suspends Juul Ban, FTX Wants Bitcoin Derivatives, Voyager Digital Files For Chapter 11 Bankruptcy And Other Top Financial Stories Wednesday, July 6

CNBC Ben & Jerry’s Sues Parent Unilever On Israeli business Sale

Benzinga

Xi Jinping's Key Speech In Hong Kong Spurs Seminars To Study and Promote His Vision

Hong Kong is prepping to gain further insights into the latest speech delivered by President Xi Jinping in China’s Special Administrative Region.

Benzinga

Why Alibaba, Other Chinese Firms Could Seek Shifting Primary Listings to Hong Kong

Alibaba Group Holding Limited (NYSE: BABA) and other U.S.-listed Chinese stocks could convert their secondary listings in Hong Kong to primary, Bloomberg

Benzinga

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Shanghai, Beijing order new round of mass COVID-19 testing

Residents of parts of Shanghai and Beijing have been ordered to undergo further rounds of COVID-19 testing following the discovery of new cases in the two cities

The Independent UK

Five stand trial for sedition in Hong Kong over children’s books about sheep

The group are accused of trying to ‘incite hatred’ with books depicting Hong Kong residents as sheep and mainland Chinese as wolves

The Guardian - AU

Alibaba, Nio, EV Stocks Buck Broader Slide: What's Weighing On Hong Kong Markets Today

E-commerce giant Alibaba Holding, Inc. (NYSE: BABA) and some major Chinese electric vehicle stocks bucked a broader slide in Hong Kong equities on Wednesday morning amid mostly weak global cues.

Benzinga

Sedition trial opens in Hong Kong for group held over 'pro-democracy' content in kids’ books

Five speech therapists face up to two years in jail if found guilty of sedition for writing children’s books.

Al Jazeera

Hongkongers who fled to UK criticise lack of mental health support

Advocacy groups and BNO passport holders say not enough is being done to help them after arriving in Britain

The Guardian - UK

Vatican envoy in Hong Kong warns Catholic missions to prepare for China crackdown

Monsignor Javier Herrera-Corona, the Vatican's unofficial representative in Hong Kong, delivered a stark message to the city's 50-odd Catholic missions before finishing his six-year posting in March: the freedoms they had enjoyed for decades were over.

Reuters

Hong Kong's John Lee stresses balance in easing quarantine

Hong Kong’s new leader John Lee says he will work on easing restrictions for travelers while balancing the risks of a coronavirus outbreak overwhelming the health care system

The Independent UK

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The Independent UK

Canada says China bars diplomats from Canadian tycoon trial

The Canadian government says Chinese authorities refused to allow diplomats to attend the trial of a Chinese-born Canadian tycoon who disappeared from Hong Kong five years ago

Reuters

Hong Kong raises prospect of Shenzhen border easing by Aug 4

Hong Kong's new health secretary said on Monday he hoped the border with Shenzhen would reopen before Aug. 4, a move that would mark a significant relaxation of China's strict border controls, generating divided opinions on Chinese social media.

Caixin Global

China to Expand Global Investors’ Access to Its Financial Derivatives Market

As offshore investors become more active in trading Chinese bonds, their demand for derivatives to manage the risks of fluctuating interest rates has grown

Bangkok Post

HK environmental group: Plastic shopping bag charge should be increased

HONG KONG: A charge on plastic shopping bags should be increased to at least HK$2 (nine baht), a Hong Kong environmental group has said, pointing to its survey that estimates supermarkets hand out more than 170 million of such items each year.

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Al Jazeera

China says 12 bodies found after typhoon shipwreck off Hong Kong

An engineering vessel had suffered substantial damage and broke into two pieces during a typhoon last week.

Reuters

China retrieves dozen bodies after Typhoon Chaba sinks ship

Chinese search and rescue officials pulled 12 bodies on Monday from waters southwest of Hong Kong after an engineering vessel snapped in two as tropical storm Chaba passed through, state television said.

Bangkok Post

Hong Kong's Palace Museum opens its doors to public

HONG KONG: Hong Kong welcomed the opening of the Palace Museum on Sunday, just days after the 25th anniversary of the city's handover from Britain to China, in a continued effort to position itself as an international arts and culture hub amid mounting concern over censorship.

Tribune News Service

Xi Jinping’s suppression of Hong Kong democracy pushes Taiwan further from China

A year before Britain handed Hong Kong to China, then-President Jiang Zemin hailed the “one country, two systems” plan for the city as a model for the country to one day unify with Taiwan.

The Independent UK

Canadian government: Tycoon in China due to stand trial

The Canadian government says a Chinese-born Canadian tycoon is being put on trial in China

Reuters

Chinese-Canadian billionaire due to go on trial in China on Monday - embassy

Chinese-Canadian billionaire Xiao Jianhua, who went missing in Hong Kong five years ago, was due to go on trial in China on Monday, the Canadian embassy in Beijing said.

WEKU

4 crew members are rescued after a floating crane sinks south of Hong Kong

The rescued people were part of a 30-strong crew on board a China-registered floating crane that was involved in building several offshore wind farms, according to local media reports.

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