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The Latest Breaking News from Hong Kong

Alibaba Slips, While Other Tech Peers Climb: What's Weighing On Hong Kong Markets Today?

Shares of U.S.-listed Chinese tech firms traded mixed in Hong Kong on Wednesday at press time.

Benzinga

China says G7 concern over Hong Kong leader selection is interference

China said on Tuesday that an expression of concern by the Group of Seven industrialised nations over the selection process for Hong Kong's new chief executive was interference in China's internal affairs.

Reuters

Nasdaq-Delisted Luckin Coffee Denies It’s Planning Hong Kong IPO

Scandal-dogged Chinese Starbucks challenger says it remains ‘committed to U.S. capital markets’

Caixin Global

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G7 flags rights concerns in selection of new Hong Kong leader

The selection process for a new chief executive in Hong Kong is a source of grave concern and underscores wider worries about fundamental freedoms there, a Group of Seven statement said on Monday, prompting a rebuke from China.

Reuters

Nio Down 9%, Xpeng Skids 12%: Why Are Hong Kong EV Stocks Crashing Today

Shares of Tesla Inc. (NASDAQ: TSLA) rivals and U.S.-listed Chinese firms Xpeng Inc (NYSE: NIO), Li Auto (NASDAQ: LI), a

Benzinga

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

Shares of U.S.-listed Chinese companies slumped heavily in Hong Kong on Tuesday as the market opened after a long weekend.

Benzinga

G-7 expresses ‘grave concern’ over Hong Kong leader’s election

The foreign ministers of the Group of Seven most industrialized nations expressed “grave concern” over the process by which Hong Kong selected its next chief executive, calling it an assault on the fundamental freedoms of the former British colony that returned to Chinese control in 1997.

Tribune News Service

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What's Going On With Ballard Power Systems Shares Today

Ballard Power Systems Inc (NASDAQ:BLDP) (TSX:BLDP) reported first-quarter revenue of $21 million, an increase of 19% year-over-year, driven by growth in Power Product sales, more than offsetting the decline in Technology Solutions revenue. EPS loss widened to $(0.14) compared to $(0.06) in 1Q21. The gross loss was $(0.2) million, compared to a $2.6…

Benzinga

Hong Kong: ‘Chinese patriots’ now firmly in charge of city says Carrie Lam in election handover

Hong Kong’s leader Carrie Lam said “Chinese patriots” are now firmly in charge of the city following the unopposed election of a new leader in a rubber-stamp process.

Evening Standard

The Pandemic Killed Dissent in Hong Kong

Every June since 1990, residents had held a vigil for the Tiananmen Square dead. But in 2020, Hong Kong announced an extension of social distancing restrictions until June 5, the day after the anniversary.

Reason

Hong Kong leader says China patriots now firmly in charge

Hong Kong leader Carrie Lam says Chinese patriots are now firmly in charge of the city following the election of its new leader, who ran unopposed in a process controlled by Beijing from start to finish

The Independent UK

Explainer: Arriving in Hong Kong and unsure about city's vaccine pass scheme?

HONG KONG: Hong Kong ended its entry ban on overseas travellers on May 1 but under the city's vaccine pass scheme, arrivals may find they cannot enter certain premises from the end of the month if they have not received three doses of a Covid-19 shot.

Bangkok Post

Hong Kong's new Chief Executive John Lee seen as pro-Beijing enforcer of security law

Hong Kong's new leader has a reputation of being hardline pro-Beijing and is expected to oversee the further integration of the special administrative region into the mainland.

ABC News

Western Multinationals Congratulate Hong Kong's New Leader

Western multinationals and local tycoons published newspaper adverts on Monday congratulating John Lee on becoming Hong Kong's next leader, following a rubber-stamp selection process condemned by critics as anti-democratic. Lee, 64, a former security chief who oversaw the crackdown on Hong Kong's democracy movement, was anointed the business hub's new…

Asharq Al-Awsat

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The Independent UK

EXPLAINER: What comes next with John Lee leading Hong Kong?

A Hong Kong committee stacked with mostly pro-Beijing members has almost unanimously voted for John Lee to become the city's next leader

The Guardian - AU

Once a zero-Covid poster child, Taiwan learns to live with the virus

By rejecting super-strict lockdowns, the island is pioneering a new and ‘very successful’ approach at odds with China and Hong Kong

Tribune News Service

Hong Kong’s Lee vows more China integration after election win

John Lee, named Hong Kong’s next chief executive in a rubber-stamp election after Beijing asserted greater control over the financial hub, vowed to strengthen national security and accelerate the city’s integration with mainland China.

Evening Standard

Pro-Beijing hardline ex-security chief becomes Hong Kong’s new leader

John Lee was the only candidate in the polls and was backed by Beijing

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news in one place.

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Asharq Al-Awsat

Beijing Loyalist John Lee Elected as Hong Kong Leader

John Lee was elected as Hong Kong's next leader Sunday, after winning over 99% of votes cast by a largely pro-Beijing election committee. Lee received 1,416 votes in the chief executive election, far exceeding the 751 votes he needed to win.

WEKU

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.

Financial Times

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

The Independent UK

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

Reuters

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.

The Guardian - UK

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

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