On Tuesday, in a report the Financial Times said, the U.S. government is slated to companies of heightened risks in operating in Hong Kong; it is also scheduled to update a previously issued warning on Xinjiang. The report draws attention… Read More ›
Hong Kong
Blackstone closing in to acquire office developer Hong Kong listed Soho China
According to a report from Bloomberg News, Blackstone Group Inc is closing in on a deal to acquire office developer Soho China Ltd in what could be its biggest real estate investment in China. Hong Kong-listed Soho China could be… Read More ›
Hong Kong extends bridging loan facility to Cathay Pacific Airways to June 2022
On Tuesday, in a statement Cathay Pacific Airways Ltd said, the Hong Kong government had permitted the extension of the drawdown period for its $1.01 billion (HK$7.8 billion) loan facility by a year to June 2022. The development will help ease… Read More ›
Freezing public listed company assets of Hong Kong tycoon Jimmy Lai a wake-up call to global investors: Taiwan
On Saturday, in a statement aimed at international investors, Taiwan warned of the very real dangers of doing business in Chinese-controlled Hong Kong after the city state decided to freeze the media assets of Chinese tycoon Jimmy Lai, who has… Read More ›
China reneged on 1984 Sino-British Joint Declaration on Hong Kong: Britain’s Foreign Secretary Dominic Raab
China has broken the 1984 Joint Declaration after it enacted sweeping changes to Hong Kong’s electoral system, undermining the freedoms of people in the former British colony. “Today China enacted changes to Hong Kong’s electoral system which are a clear… Read More ›
Baidu raises $3.08 billion from Hong Kong secondary listing
According to two sources with direct knowledge of the matter at hand, China’s Baidu Inc is set to raise $3.08 billion by pricing its shares at $HK252 each in its Hong Kong secondary listing. The New York listed Baidu is… Read More ›
Chinese clamps down on Alibaba, orders divestiture of media assets
According to a report from the Wall Street Journal, the Chinese government has ordered Alibaba Group Holding Ltd to divest all of its media assets. Discussions over the matter have been ongoing since the beginning of this year, with sources… Read More ›
Myanmar coup likely to dampen investment interest: trade experts
According to analysts and trade experts, the coup by Myanmar’s military is likely to dampen the interest of western companies in investing in the country and may even prompt big U.S. companies to relocate. In the first 11 months of… Read More ›
U.S. hedge fund Elliot Management closes Hong Kong Office
U.S. hedge fund Elliott Management will be closing its office in Hong Kong. It has shifted responsibility for Asian investment decisions to London and Tokyo in the last three years. According to a source familiar with the matter at hand,… Read More ›
U.S. sanctions coming over Hong Kong crackdown : Sources
According to three sources familiar with the matter at hand, Washington is preparing to impose sanctions on at least 12 Chinese officials over their alleged role in disqualifying elected legislators in Hong Kong. The move is likely to be formally… Read More ›