The Latest Breaking News from Hong Kong

New Traffic Device Leaves Hong Kong Pedestrians Red in the Face

Pedestrians crossing the road in Hong Kong may now find themselves bathed in a red glow after authorities installed a device reminding the public to obey traffic lights. Too often, Hong Kongers walk into traffic because they are distracted by their smartphones, Alex Au, chief engineer of the city's transport…

Asharq Al-Awsat · Jul 8, 2022

City watchdog recruits new chair from Hong Kong regulator

Ashley Alder moving back to London to top job at FCA

Evening Standard · Jul 8, 2022

Financial Conduct Authority names Hong Kong regulator as chair

Ashley Alder will join UK watchdog, which is mired in internal strife, in January 2023

The Guardian - UK · Jul 8, 2022

Hong Kong lifts flight ban citing 'little effect' on COVID

Hong Kong is shelving a COVID-19 measure that has resulted in dozens of canceled flights in recent months and thwarted travel plans for thousands

The Independent UK · Jul 7, 2022

Hong Kong suspends COVID flight bans that fuelled expat exodus

Restrictions eased as authorities cite ‘social chaos’ and flight ban’s negative effect on returning students

Al Jazeera · Jul 7, 2022

Hong Kong suspends flight bans as it eases COVID rules

Hong Kong has suspended a rule that banned individual flights for bringing in passengers infected with the COVID-19 virus, as it caused "unnecessary trouble" and inconvenience to residents of the global financial hub, the government said on Thursday.

Reuters · Jul 7, 2022

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 · Jul 7, 2022

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 · Jul 6, 2022

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 · Jul 6, 2022

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 · Jul 6, 2022