(Bloomberg) — Hong Kong shelved a waste-charging plan that had been discussed for almost two decades, putting in doubt its target for reducing rubbish sent to landfills and undermining its environmental efforts. Most Read from Bloomberg Most people were against the proposal, which was seen placing businesses under pressure in a difficult economic situation, according […]
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LONDON (AP) — A man charged with assisting Hong Kong authorities with gathering intelligence in the United Kingdom has died in unexplained circumstances, British police said Tuesday. Matthew Trickett, 37, was one of three men charged earlier this month with agreeing to engage in information gathering, surveillance and acts of deception that were likely to […]
icon Semafor Signals Supported by Microsoft logo Insights from the South China Morning Post, The Sunday Times, and The Spectator Arrow Down Title icon The News Following several high-profile espionage arrests in recent weeks, the UK has summoned China’s ambassador — both to condemn the alleged behavior and warn that it risks deteriorating already fragile Sino-British […]
(Bloomberg) — The trading discount that Chinese companies listed in Hong Kong offer compared to their mainland peers has fallen sharply, driven by a potential tax waiver and hopes of a market revival on the island. Most Read from Bloomberg The Hang Seng Stock Connect China AH Premium Index, which tracks the price difference between […]
Hong Kong’s government will be able to outlaw the famous protest anthem “Glory to Hong Kong” after a court of appeal overturned a ruling last year that permitted its use. Judges on Wednesday said that the song had been used as a “weapon,” making it dangerous to authorities if played in public settings. The verdict […]
HONG KONG (AP) — An appeals court Wednesday granted the Hong Kong government’s request to ban a popular protest song, overturning an earlier ruling and deepening concerns over the erosion of freedoms in the once-freewheeling global financial hub. “Glory to Hong Kong” was often sung by demonstrators during the huge anti-government protests in 2019. The […]
By Jessie Pang and Joyce Zhou HONG KONG (Reuters) – Cost-conscious Chinese tourists have replaced many of the cash-rich mainland travellers who once flocked to Hong Kong, with some only interested in free walking tours of the city and staying across the border in Shenzhen overnight to save money. During China’s Labour Day holiday last […]
(Bloomberg) — Hong Kong’s world-beating stock rally is showing no signs of letting up, with the city’s currency peg to the greenback burnishing its haven appeal amid the threat of higher-for-longer US interest rates. Most Read from Bloomberg The Hang Seng Index jumped 2.5% on Thursday to enter a technical bull market, even without the […]
BTC, ETH nurse losses after weak demand for Hong Kong ETFs. The six ETFs registered a first-day trading volume of just $11 million. Bitcoin {{BTC}} faced selling pressure during European hours after data showed poor uptake for Hong Kong’s newly listed exchange-traded funds tied to bitcoin and ether. The leading cryptocurrency by market value fell […]
Hong Kong launched its first six spot Bitcoin and Ethereum exchange-traded funds (ETFs) on Tuesday. The three, spot bitcoin ETFs by China AMC, Harvest and Bosera all closed the day in green, with Bosera leading with 1.8%. All three Ether ETFs fell by the end of the trading day in Hong Kong, with China AMC’s […]
By Summer Zhen and Samuel Shen HONG KONG (Reuters) -Six spot bitcoin and ether exchange traded funds (ETFs) gained in their Hong Kong debut on Tuesday, with the three bitcoin ETFs climbing more than 2% by midday, reflecting Asian investor enthusiasm for cryptocurrency assets. The debuts mark the first launch of spot cryptocurrency ETFs in […]