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The Latest Breaking News from Hong Kong

Crypto Price Check: Fed Rate Hike Spurs Caution Among Traders

Cryptocurrency prices are off following the fed's decision to raise interest rates and one analyst says Fed Chair Jerome Powell ' is on a mission to bring down inflation.'

The Street

Casetify pop-up now open at CentralWorld

Casetify, the renowned Hong Kong-based lifestyle and tech gadget brand, has finally arrived in Bangkok with the opening of Casetify Pop-Up Store Preview. It is available until March 26 at CentralWorld.

Bangkok Post

China wants sixfold growth in VR industry in five years

HONG KONG: The Chinese government wants to expand the country's virtual reality (VR) industry output by 2026 to 350 billion yuan (US$48 billion) - six times the level last year - showing Beijing's ambitions in becoming a world leader in metaverse technology.

Bangkok Post

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Hong Kong set for Asean cooperation and entry into RCEP

Hong Kong is set to gain early admission into the Regional Comprehensive Economic Partnership (RCEP), city leader John Lee Ka-chiu has said as he expressed confidence the city would bring "enormous value" to the free-trade grouping and revealed that member states of the Association of Southeast Asian Nations (Asean) supported…

Bangkok Post

Asia, Europe join Wall St plunge as Powell wrecks Fed pivot hopes

Hong Kong (AFP) - Asian and European markets sank Thursday after the Federal Reserve hiked interest rates and boss Jerome Powell suggested they would go higher than expected, blowing a hole in hopes for a more dovish pivot in its fight against inflation.

AFP

Hong Kong exiles in UK unnerved by ‘weak’ response to beating of protester

Activists fear for their safety after limited UK riposte to assault on demonstrator outside Chinese consulate

The Guardian - UK

Alibaba, Nio Fall Over 5%: Hang Seng Opens Weaker As Fed Stays Hawkish, China Asserts COVID-Zero Policy

Hong Kong shares opened in the red on Thursday, with the benchmark Hang Seng falling over 0.9% in morning trade, after the Federal Reserve’s anticipation of a higher bar for interest rates to rein in inflation

Benzinga

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Asia joins Wall St plunge as Powell wrecks Fed pivot hopes

Hong Kong (AFP) - Asian markets sank Thursday after the Federal Reserve hiked interest rates and boss Jerome Powell suggested they would go higher than expected, blowing a hole in hopes for a more dovish pivot in its fight against inflation.

AFP

Hong Kong braces for Tropical Storm Nalgae

Schools and offices closed and some events in Hong Kong were canceled as tropical storm Nalgae swept past south of the city, while a finance conference that was meant to restore Hong Kong's image as an international business center went ahead

The Independent UK

Singapore’s reopening boom draws big money and bubble fears

Earlier this month, a record 302,000 people attended Singapore’s first Formula 1 car race in three years. Some forked out $900 for a grandstand seat for three days, while others booked hotel suites overlooking the Marina Bay track for as much as $10,000. Nightclub tables were fetching up to $70,000…

Bangkok Post

Profits more than double at Bentley as new models drive sales

Sales increased in the Americas, Europe, Asia Pacific and the UK but fell on the Chinese mainland, Hong Kong and Macau and in the Middle East, Africa and India

Birmingham Post

Hong Kong Sevens back after three years but will it be party time?

Hong Kong (AFP) - The Hong Kong Sevens kicks off on Friday for the first time since the pandemic began -- but Covid controls including compulsory face masks threaten to dampen the rugby tournament's hard-partying atmosphere.

AFP

In Hong Kong, world bankers urged not to ‘bet against’ China

Hong Kong leader tells investment summit city remains a unique link to the rest of China.

Al Jazeera

UK sewage scandals put Hong Kong billionaire in firing line

Hong Kong firm’s $1bn deal to sell stake in water company receives cool response in UK after pollution controversies.

Al Jazeera

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AFP

Asian markets mixed as US data tempers Fed hopes

Hong Kong (AFP) - Asian stocks were mixed Wednesday following losses on Wall Street as forecast-beating US data jolted hopes the Federal Reserve could soon tone down its hawkish pace of interest rate hikes.

Reuters

China says must 'rectify what needs to be rectified' in Hong Kong for long-term stability

China should "resolutely rectify" and "correct" what must be rectified and corrected to resolve long-term stability issues in Hong Kong and Macau, a senior official said, according to a 20th Communist Party Congress party supplementary document reading published in October.

AFP

Top Chinese regulator urges investors to avoid foreign news

Hong Kong (AFP) - Investors should avoid reading international press coverage of China's economy, a top Chinese securities regulator told a summit of global bankers on Wednesday in comments that received endorsement from two senior executives.

AFP

Hong Kong Sevens back after three years - will it be party time?

Hong Kong (AFP) - The Hong Kong Sevens will kick off Friday for the first time since the coronavirus pandemic began -- but virus controls may dampen the high-octane rugby tournament's famous hard-partying atmosphere.

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The Independent UK

In Hong Kong, world bankers urged not to 'bet against' China

Chinese regulators have downplayed risks from the country's real estate slump and slowing growth at a financial conference in Hong Kong

AFP

'Law and order returned' Hong Kong's US-sanctioned leader tells bankers

Hong Kong (AFP) - Hong Kong's US-sanctioned leader said political stability and business confidence have been restored following the crushing of democracy protests, as he opened a summit on Wednesday attended by global bankers including leading Wall Street executives.

AFP

Asian markets swing as US data tempers Fed hopes

Benzinga

Alibaba, Nio Stocks Fall As Hong Kong Investors Turn Cautious Ahead Of Fed Meet

Hong Kong stocks opened lower on Wednesday morning as all eyes turned toward the Federal Reserve’s policy announcement later in the day. The benchmark Hang Seng fell 0.8% and Xpeng shares fell over 8%, while Nio shares lost over 6%. Alibaba shares lost over 2%.

Reuters

Hong Kong, struggling to revive hub status, sells 'China advantage' to global banks

Hong Kong and Chinese officials on Wednesday touted the city's connection to the world's second-largest economy as they looked to restore its reputation as a global financial hub after years of punishing COVID crackdowns.

AFP

'Law and order returned' Hong Kong's US-sanctioned leader says at banking summit

Hong Kong (AFP) - Hong Kong’s US-sanctioned leader insisted Wednesday that political stability and business confidence in the city has been restored following the crushing of democracy protests, as he opened a financial summit attended by global bankers including leading Wall Street executives.

AFP

Wall Street chiefs to share stage with Hong Kong's sanctioned leader

Hong Kong (AFP) - Some of the world's top bankers will attend a Hong Kong finance summit on Wednesday, defying criticism by US lawmakers over their decision to share a stage with the city's leader who is sanctioned by Washington.

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