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The Latest Breaking News from Hong Kong

Hong Kong Shifts Covid Strategy to Reduce Surge in Fatalities

Mass testing plan goes on hold as authorities focus on vaccinating the elderly and expanding treatment capacity for the sick

Caixin Global

Nio Bounces Off Bottom Ahead Of Thursday's Hong Kong Listing: What Investors Should Know

Nio, Inc. (NASDAQ: NIO) shares, which fell to their lowest level in 1-1/2 years on Tuesday, are rebounding from the depressed level. In addition to the broader market strength, the stock is receiving support from the optimism around its planned debut on the Hong Kong stock exchange on Thursday.

Benzinga

Here's Why Jack Ma Led Alibaba Affiliate's IPO Got Postponed Indefinitely

Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) affiliated fintech Ant Group's Hong Kong listing got postponed indefinitely as the bankers remained concerned over China's continued crackdown on the domestic tech sector, the Infomation reports. The weakness of publicly traded Chinese tech stocks, including Alibaba, has made it difficult for Ant and its stakeholders.…

Benzinga

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Cathay Pacific operating at 2 per cent of normal capacity as Hong Kong remains sealed off

Company memo says airline will go through HK$1 billion (£97m) and HK$1.5 billion (£145m) every month ‘until conditions improve’

The Independent UK

Hong Kong leader says no fixed time frame for mass testing

Hong Kong leader Carrie Lam says reducing the skyrocketing number of deaths in the latest coronavirus surge is the city’s priority, putting a plan to test the entire population on hold in the latest flip-flop in the government’s pandemic response

The Independent UK

In ‘zero COVID’ Hong Kong, deaths smash global records

Poor vaccine coverage among elderly population results in city reporting the highest death rate in the world.

Al Jazeera

China builds new bridge to Hong Kong to rush in workers as Covid cases surge

The temporary bridge will aid work on a makeshift hospital as the city’s Covid death rate reaches world’s highest per 1m people

The Guardian - AU

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Alibaba, Tech Peers Drag Hong Kong Shares Down For Fourth Day — What's Fraying Investor Nerves?

Shares of U.S.-listed Chinese tech companies slumped in Hong Kong on Wednesday and weighed on the benchmark Hang Seng Index, which extended losses to a fourth straight day.

Benzinga

Hong Kong’s zero-COVID fight takes mental toll on society, experts say

Hong Kong resident Yeung waited for 13 hours outside a hospital in the city's eastern district in cold, rainy weather with his 3-year-old daughter, who had a high fever, before they could be admitted for COVID-19 treatment.

Reuters

Hong Kong leader urges suitable timing for mass testing effort

Compulsory mass testing for coronavirus would be useful but needs to be done at a suitable time, Hong Kong leader Carrie Lam said on Wednesday, following anxiety among the 7.4 million residents of the financial hub bracing for a citywide lockdown.

Reuters

Hong Kong to focus COVID resources on elderly, no date set for mass tests

Hong Kong announced plans to devote more medical resources to elderly people on Wednesday as COVID-19 infections swept through care homes and deaths climbed rapidly among the mainly unvaccinated seniors.

Reuters

China Throws Up Temporary Bridge to Build Covid Hospital in Hong Kong

Span will convey workers and materials as special administrative region fights the world’s highest Covid death rate

Caixin Global

Why it's so hard for China to exit 'Covid Zero'

BEIJING: When Covid-19 flared in the northern Chinese border region of Ejin late last year, it revealed a key impediment to the country charting an exit from its zero-tolerance pandemic strategy.

The Times of India

China says Hong Kong must stick to "dynamic zero" COVID strategy

A top Chinese health official rallied embattled Hong Kong on Tuesday to stick with a "dynamic zero" coronavirus strategy and warned that the city's "lifeline" health system was at risk and the situation had to be turned around as soon as possible.

Reuters

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Benzinga

Alibaba Strikes Gains Even As Tech Peers Drop In Hong Kong Today - What's At Play?

Shares of U.S.-listed Chinese tech companies fell in Hong Kong on Tuesday, weighing on the benchmark Hang Seng Index, while Alibaba Group Holding Limited (NYSE: BABA) bucked the trend to jump over 1%.

The Independent UK

AP PHOTOS: Scenes from Hong Kong's COVID-19 crisis

The fast-spreading omicron variant is overwhelming Hong Kong, prompting mass testing, quarantines, supermarket panic-buying and a shortage of hospital beds. Even the morgues are overflowing, forcing authorities to store bodies in refrigerated shipping containers.

Bangkok Post

US issues Thailand travel warning

The US Centers for Disease Control and Prevention (CDC) on Monday urged Americans to avoid travel to Thailand, Hong Kong and New Zealand over Covid-19 cases.

Bangkok Post

Americans advised to avoid travel to Thailand

WASHINGTON: The Centers for Disease Control and Prevention (CDC) on Monday added Thailand, Hong Kong and New Zealand to its list of destinations Americans are advised not to visit because of Covid-19.

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Reuters

U.S. CDC urges Americans to avoid travel to Hong Kong, New Zealand

The Centers for Disease Control and Prevention (CDC) on Monday urged Americans to avoid travel to Hong Kong, New Zealand and Thailand over COVID-19 cases.

Benzinga

One Man's Loss Is Nissin Foods' Gain in Hong Kong Outbreak

Key takeaways： Nomura says Nissin Foods is profiting from recent panic buying in Hong Kong, adding it sees more than 30% potential upside to its stock The instant noodle maker is valued higher than its peers, suggesting the market thinks it is better positioned to succeed in the vast mainland…

Asharq Al-Awsat

Virus Chaos Pushes More Expats to Join Hong Kong Exodus

For the last eight years Mathilde and her family have called Hong Kong home, but as the coronavirus tears through the city they are joining an exodus of foreign workers looking for an escape route. "We are leaving and we will come back to empty our house whenever that is…

Asharq Al-Awsat

China Seeing New Surge in COVID Cases Despite ‘Zero Tolerance'

China is seeing a new surge in COVID-19 cases across the vast country, despite its draconian “zero tolerance” approach to dealing with outbreaks. The mainland on Monday reported 214 new cases of infection over the previous 24 hours, with the most, 69, in the southern province of Guangdong bordering on…

Bangkok Post

China to stick with zero-Covid policy, but the rules may be 'refined'

HONG KONG: China's strict Covid-19 control measures are unlikely to be eased in the near future, but will be fine-tuned to minimise disruptions to economic growth, Chinese Premier Li Keqiang implied.

Bangkok Post

Chinese students are heading home to escape Covid-hit Hong Kong

HONG KONG: As Hong Kong grapples with a worsening Covid-19 outbreak and fears of a full lockdown grow, some mainland university students are fleeing the city.

Reuters

Hong Kong residents urged not to panic ahead of COVID mass testing

Hong Kong reported 31,008 new COVID-19 cases and 153 deaths on Sunday as the city's chief secretary said residents should not worry about a looming mass testing scheme, with details to be announced and authorities ensuring a steady supply of food.

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