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The Latest Breaking News from Hong Kong

Virus-hit Hong Kong Invokes Emergency Powers to Allow in China Medics

Hong Kong's government invoked emergency powers on Thursday to allow doctors, nurses and other personnel from the Chinese mainland to help combat a spiraling coronavirus outbreak. The densely populated metropolis is in the throes of its worst-ever Covid wave, registering thousands of cases every day, overwhelming hospitals and government efforts…

Asharq Al-Awsat

Thailand to face Uzbekistan in quest for Asian Cup berth

HONG KONG: Southeast Asian champions Thailand will take on 2011 Asian Cup semi-finalists Uzbekistan in the next round of qualifying for the 2023 Asian Cup finals in June.

Bangkok Post

Covid: Iceland to lift all remaining curbs; coronavirus isolation rules end in England – as it happened

Latest updates: Iceland confirms no extra restrictions for unvaccinated; people in England who test positive for Covid no longer have to self-isolate

The Guardian - UK

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Hong Kong rolls out COVID vaccine passport, paves way for mainland doctors

Hong Kong rolled out vaccine passports on Thursday requiring people aged 12 and above to have at least one COVID-19 jab, and paved the way for mainland China manpower to help bring a worsening outbreak under control.

Reuters

Alibaba, Other Tech Stocks Lead Sell-Off In Hong Kong As Russia Launches Attack On Ukraine

Shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Wednesday, dragging the benchmark Hang Seng Index into negative territory amid news that Russia will launch an attack on Ukraine.

Benzinga

Hong Kong turns to emergency powers for China help in COVID surge

Authorities say ‘dire epidemic situation’ behind move as territory struggles to contain COVID cases driven by Omicron.

Al Jazeera

Ronson Chan: the former Hong Kong editor who is now a delivery driver

The journalist’s career was dramatically paused when Stand News was raided – and now he is in limbo

The Guardian - UK

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Hong Kong domestic workers left homeless after being fired for contracting Covid-19

Dozens of live-in workers have been forced to sleep rough in the Hong Kong winter after bosses refuse to allow them back in the house

The Guardian - AU

COVID updates: All the coronavirus news you need in one place

Get up to speed on all the coronavirus news from across Australia.

ABC News

Huitongda Network Finds Big Bucks, But Thin Margins, in 'Sunken Market'

Key takeaways: Despite counting Alibaba as its second biggest shareholder, Huitongda’s Hong Kong IPO met with a tepid reception due to concerns about its thin margins Company appears overvalued compared with major competitor Pinduoduo, which spends far more on R&D By Ken Lo

Benzinga

Hong Kong applies to join RCEP trade agreement

Hong Kong has submitted an application to join the 15-member Regional Comprehensive Economic Partnership agreement, a mega trade agreement involving countries such as Thailand, Japan and South Korea, the government said on Wednesday.

Bangkok Post

Grumbling grows as Hong Kong sticks with zero-COVID policy

Hong Kong residents are becoming increasingly annoyed with the administration’s insistence on sticking to Beijing’s zero-COVID strategy as the city posted another record number of new cases

The Independent UK

Here's Why Alibaba Dumped Its Fundraising Plans

Alibaba Group Holding Ltd (NYSE:BABA) discussed raising at least $1 billion for Lazada before calling off negotiations when talks bogged down over the Southeast Asian online mall's valuation, Bloomberg reports. Alibaba had aimed to secure financing for Lazada ahead of its spinoff and a potential initial public offering. Alibaba ditched the fundraising…

Benzinga

'Kids are broken' with online teaching as Hong Kong upsets parents with early school break

Insurance agent Emily Kwong, 30, is struggling to home-school her five-year-old daughter and is worried she has learned nothing due to Hong Kong's strict COVID-19 restrictions that have forced toddlers and teens into online classes.

Reuters

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Evening Standard

Hong Kong Covid cases hit record as compulsory testing looms

Hong Kong reported a record 8,674 new Covid-19 infections on Wednesday, as the city prepares for compulsory testing of its residents after authorities extended the toughest social restrictions imposed since the pandemic began.

Al Jazeera

Hong Kong unveils $22bn budget as ‘zero COVID’ hammers businesses

Finance chief admits businesses facing ‘intense pressure’ amid restrictions that have shut down much of the city.

The Guardian - UK

Covid live: Poland, Slovakia and Iceland latest countries set to end most coronavirus restrictions — as it happened

Move comes as case numbers and deaths continue to fall in many nations

Benzinga

Is Recovery Already Here? Alibaba Rises In Hong Kong, Alongside JD, Tesla Rival Li Auto And Other Tech Stocks

Shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Wednesday, lifting the benchmark Hang Seng Index into positive territory.

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Tribune News Service

Hong Kong lawmaker calls for short lockdown to nail outbreak

Hong Kong should impose a strict, city-wide lockdown for nine days to rein in its snowballing COVID-19 outbreak rather than prolong social-distancing restrictions that are strangling business, lawmaker Michael Tien said.

Al Jazeera

Hong Kong to test everyone in territory for COVID three times over

Mass compulsory testing plan to begin in the middle of March, as the territory struggles to get control of Omicron wave.

Benzinga

Alibaba (BABA) Shares Under Pressure Again As Concerns Continue To Mount

Shares of Alibaba Group (NYSE: BABA) are trading lower in pre-open Tuesday in the United States on several reports that are being interpreted as headwinds for the e-commerce giant. Alibaba's share price closed 3.05% in the red in Hong Kong on the concerns discussed below.

Benzinga

Lygend Resources Mines Nickel Business to Tempt Investors With Hong Kong IPO

Key takeaways: Lygend Resources has filed for a Hong Kong IPO, hoping to draw investors as demand for its core nickel business booms on demand from EV battery makers Company’s business expansion requires big capital spending, which will remain one of its biggest challenges going forward By Lau Ming

Benzinga

Capvision Tempts Investors With Fast Growth, Fat Margins In Hong Kong IPO

Key Takeaways: ‘Expert network’ operator Capvision Partners has filed for a Hong Kong listing to raise up to $300 million The company boasts fast revenue growth and impressive profit margins, but also faces regulatory risk that was the focus of a U.S. crackdown a decade ago By Doug Young

Benzinga

Hong Kong Set to Overtake Singapore in SPAC Market, With Help From Mainland Sponsors

Key Takeaways: Hong Kong has received six SPAC listing applications in the last month, even as regional rival Singapore’s similar program starts to turn quiet Most of Hong Kong’s SPAC applicants are backed by mainland Chinese companies, highlighting a major advantage the city enjoys over Singapore By Jony Ho

The Independent UK

Hong Kong orders mandatory COVID-19 tests for all residents

Hong Kong's leader says the city will test its entire population for COVID-19 in March as it grapples with its worst outbreak driven by the omicron variant

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