The momentum of Hong Kong’s initial public offerings (IPO) has picked up since April, auguring well for the exchange as it claws its way back in the rankings of the world’s top spots for fundraising. “We are vetting about 110 listing applications, many of them coming in the second quarter,” Bonnie Chan Yi-ting said in […]
LONDON (AP) — A former chief justice of the Supreme Court of Canada is stepping down from Hong Kong’s top court, city officials said Monday, following a raft of other overseas judges’ resignations from the court amid concerns about Hong Kong’s judicial independence. Beverly McLachlin would end her term serving as a non-permanent overseas judge […]
Two British judges have resigned from Hong Kong’s top court, the city’s judiciary said, deepening worries over the city’s rule of law under Beijing-imposed national security measures. The judiciary said that Jonathan Sumption and Lawrence Collins, who both serve as non-permanent overseas judges of Hong Kong’s Court of Final Appeal, have tendered their resignations to […]
Hong Kong’s status as an international financial centre will be reinforced by yuan internationalisation and China’s economic transformations, according to top finance officials and industry players. Despite facing “unprecedented changes”, Hong Kong’s connectivity with mainland China and potential to tap growing opportunities arising from the increased use of the mainland currency globally will consolidate and […]
(Bloomberg) — Hong Kong’s benchmark equity index headed for a technical bull market as stocks in the city extended this month’s stellar rebound sparked by overseas inflows. Most Read from Bloomberg The Hang Seng Index rose almost 2% on Monday, taking its advance from a January 22 low to more than 20%. A close at […]
(Bloomberg) — One of Hong Kong’s last big hopes for a resurgence of its IPO market has been dashed by Alibaba Group Holding Ltd.’s move to scrap a listing of its logistics unit, piling pressure on the financial hub’s leaders to find new paths to a revival. Most Read from Bloomberg The Chinese e-commerce giant […]
(Bloomberg) — One of Hong Kong’s last big hopes for a resurgence of its IPO market has been dashed by Alibaba Group Holding Ltd.’s move to scrap a listing of its logistics unit, piling pressure on the financial hub’s leaders to find new paths to a revival. Most Read from Bloomberg The Chinese e-commerce giant […]
(Bloomberg) — China’s top official in charge of Hong Kong said the city’s governing principle of “one country, two systems” will be kept as a “permanent feature,” South China Morning Post reported. Most Read from Bloomberg Xia Baolong, who leads the Hong Kong and Macau Affairs Office, said the one country, two systems principle is […]
HONG KONG (Reuters) – Hong Kong’s population rose 0.4% to 7.50 million in 2023, boosted by a net inflow of returning residents and people on residential schemes, the government said, as the financial hub marked its second year of population growth since the pandemic. The increase of 30,500 people from 7.47 million in 2022 comes […]
(Bloomberg) — Hong Kong’s top court overturned a local democracy activist’s acquittal over her role in a banned Tiananmen memorial in June 2021, restoring a conviction handed in early 2022. Most Read from Bloomberg In December 2022, Hong Kong’s High Court cleared Chow Hang Tung of charges of inciting others to take part in a […]