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The Latest Breaking News from Hong Kong

Beijing loyalist John Lee elected as Hong Kong's next leader

John Lee was elected as Hong Kong's next leader Sunday by an election committee comprised of nearly 1,500 largely pro-Beijing members.

WEKU

Lex in depth: why the luxury market needs to hedge against China

A shift in spending habits in Asia and a crackdown on wealth by Beijing threaten a profit squeeze for high-end brands

Financial Times

Hong Kong kicks off leadership polls with sole candidate

A Hong Kong election committee is voting for the city’s only leadership candidate, John Lee, who is widely expected to win and become Hong Kong’s next chief executive

The Independent UK

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Hong Kong's next leader set to be endorsed by pro-Beijing elites

Hong Kong's leader-in-waiting, John Lee, is expected to be endorsed for the city's top job on Sunday by a committee stacked with pro-Beijing loyalists, as the financial hub attempts to relaunch itself after several years of political upheaval.

Reuters

As tensions rise between east and west, will HSBC be torn apart?

The bank, once a herald of globalisation, is struggling to placate investors amid US-China trade wars and crisis in Hong Kong

The Guardian - UK

Security chief who led pro-democracy crackdown set to be Hong Kong’s new leader

John Lee is the only candidate in the running to succeed Carrie Lam as chief executive

The Guardian - UK

Lam steps down as fractured Hong Kong faces more uncertainty

Chief Executive Carrie Lam will be remembered for her pivotal role in setting off 2019’s mass protests.

Al Jazeera

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Kiwi Chow's film cannot be named in Hong Kong. But Revolution of Our Times is empowering the diaspora in Australia

Even uttering the name of this film in Hong Kong and China could land you in prison, but Hong Kong Australians say it has empowered them to continue the pursuit of social justice.

ABC News

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

The Independent UK

China travel, tourism 'unlikely to improve materially' as coronavirus curbs hit Labour Day holiday

HONG KONG: Travel and tourism spending plunged during China's Labour Day holiday due to coronavirus lockdowns and restrictions rolled out across the country, with the "situation unlikely to improve materially in May", analysts said.

Bangkok Post

China installing former security chief as Hong Kong leader

China is installing a career security official as the new leader of Hong Kong in the culmination of a sweeping political transformation that has gutted any opposition in the Asian financial center and placed it ever more firmly under Beijing’s control

The Independent UK

Why Nio, Other EV Peers Are Nosediving In Hong Kong Today

U.S.-listed Chinese EV makers Nio Inc (NASDAQ: LI), XPeng Inc (NYSE: XPEV), and Li Auto (NASDAQ: LI) plunged in Hong Kong on Friday after the stocks of these Tesla Inc (NASDAQ:

Benzinga

Why Alibaba, Other Tech Peers Are Slumping In Hong Kong Today

Shares of U.S.-listed Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA), Baidu Inc (NASDAQ: BIDU), JD.Com (NASDAQ: JD), and <

Benzinga

Chinese Property Agency, Facing US Delisting Threat Alongside JD, Nio, Gets A Breather In Hong Kong

Tencent Holdings (OTC: TCEHY)-backed Chinese property agency KE Holdings (NYSE: BEKE) has received a regulatory nod for a dual-primary listing in Hong Kong, as it faces a possible delisting from U.S. exchanges.

Benzinga

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The Independent UK

Hong Kong reopens beaches, Beijing relaxes quarantine rules

Hong Kong is reopening beaches and pools in a relaxation of COVID-19 restrictions, while China's capital Beijing is easing quarantine rules for arrivals from overseas

Benzinga

Why Nio, Other EV Peers Are Shooting Up In Hong Kong Today

Shares of U.S.-listed Chinese electric vehicle makers and Tesla Inc (NASDAQ: TSLA) rivals traded higher on Thursday in Hong Kong as the local stock exchange extended gains amid positive cues from global markets.

Benzinga

Why Alibaba, Other Tech Peers Are Trading Higher In Hong Kong Today

Shares of U.S.-listed Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA), Baidu Inc (NASDAQ: BIDU), JD.Com (NASDAQ: JD), and <

Benzinga

De Well Files for Hong Kong IPO, Flush With New Ties to Cainiao

Key Takeaways: • Global logistics services provider De Well has filed for a Hong Kong IPO, aiming to boost its footprint on booming demand for cross-border e-commerce

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Chronicle Live

Former Tory chairman Chris Patten slams 'moral vacuum' Boris Johnson on eve of local elections

The former governor of Hong Kong does not expect Thursday's elections to decide the PM's future, but said the "continuing pitter patter of fines" for lockdown breaches could do more damage

Benzinga

EyePoint, Expands Pact With Betta Pharma For EYP-1901 In China, Posts Deeper Q1 Loss

EyePoint Pharmaceuticals Inc (NASDAQ:EYPT) executed a license agreement with Betta Pharmaceuticals Co Ltd to develop and commercialize EYP-1901 in Mainland China, Hong Kong, Macau, and Taiwan. This agreement expands the collaboration between EyePoint and Equinox Sciences, LLC, a Betta Pharmaceuticals affiliate established in February 2020. EyePoint will retain global ophthalmic rights for EYP-1901 in the…

Benzinga

DiDi Faces Double Whammy Of US, China Investigations

The U.S. SEC is probing DiDi Global Inc's (NYSE:DIDI) botched U.S. IPO, the Financial Times reports. DiDi's annual report disclosed that "the SEC contacted us and made inquiries in relation to the offering." DiDi President Jean Liu also made her posts on the Chinese social media platform Weibo Corporation (NASDAQ:WB) invisible to her 10 million…

Benzinga

Nio Down 1.6%, Xpeng Falls 3%: Why Hong Kong EV Stocks Are Slipping Today

Shares of U.S.-listed Chinese electric vehicle makers Nio Inc (NYSE: NIO), XPeng Inc (NYSE: XPEV), and Li Auto (NASDAQ: LI) traded in red

Benzinga

Why Alibaba, JD, Meituan Are Falling In Hong Kong Today

Shares of U.S.-listed Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA), Baidu Inc (NASDAQ: BIDU), JD.Com (NASDAQ: JD),

The Guardian - UK

Record 28 countries rated ‘very bad’ in press freedom index

Myanmar and Hong Kong among worst performers while UK ranked 24th and US 42nd

Daily Record

Celebrity television chef opens new Hong Kong street food venue in Lanarkshire

Salt and Chilli Oriental opens in Hamilton on Tuesday.

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