Mr Rous said many of the Council’s members felt the Government had not fully explained the reasons behind its U-turn on Huawei. “It is the sovereign right of any government to change policy but we want to understand, what is the evidence base for this?” he said. Dominic Raab, the […]
Kong
HSBC under fresh pressure over claims it checks Hong Kong clients’ pro-democracy links
Bob Seely, a Conservative MP, said it was appalling if HSBC is involved in carrying out such checks and that aiding the destruction of Hong Kong’s political and economic freedoms is “entirely wrong”. He said: “This is how democracy dies in reality. It’s not so much with the high profile […]
How Britain could become home to a new Hong Kong
Hong Kong’s ‘one country, two systems’ status is gravely under threat. Local dissatisfaction is so great that even last October, a survey by the Chinese University of Hong Kong found that 40pc of the city’s 7.5 million residents were interested in emigrating. Now, the question mark over the future of the […]
JD.com climbs on Hong Kong debut with more new stocks to follow
HONG KONG — JD.com shares rose 3.5% on their Hong Kong trading debut on Thursday after the company raised as much as $3.88 billion in the city’s largest listing so far this year, sending an encouraging signal for companies lining up to raise capital. China’s second-largest online retailer’s shares closed at […]
JD.com shares surge on Hong Kong debut in positive sign for market
HONG KONG — JD.com shares surged nearly 6% on their Hong Kong trading debut on Thursday after raising as much as $3.88 billion in the city’s largest listing this year, sending an encouraging signal for companies lining up to raise capital. China’s second-largest online retailer’s shares were at 235.60 Hong […]
G-7 calls on China to reconsider Hong Kong security law
BERLIN (AP) — The Group of Seven leading economies is calling on China to reconsider plans to impose a national security law in Hong Kong, according to a joint statement issued Wednesday. The national security legislation is aimed at curbing secessionist activities that Beijing says fueled monthslong anti-government protests in […]
Coronavirus latest: Hong Kong unemployment surges
The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan. Global cases have reached 8,005,294, according to Johns Hopkins University. The worldwide death toll has hit 435,662. To see how the disease has spread, view our virus tracker charts: […]
Hong Kong tumbles down IMD world competitiveness ranking
SINGAPORE — Battered by violent anti-government protests, Hong Kong has tumbled down a list of the world’s most competitive economies, amid growing fears over Beijing’s efforts to rein in the semi-autonomous territory. Hong Kong dropped from second to fifth place in the “World Competitiveness Ranking 2020” released Tuesday by Swiss business […]
Will HSBC’s divided loyalties over Hong Kong lead to a break-up?
However, its shareholders are largely US and UK-based, it is the sixth-biggest company in the FTSE and it has been headquartered in Britain since 1993 after it bought Midland Bank (which has seen its former base become City hotspot The Ned). One of the UK’s biggest investors Aviva, HSBC’s 12th […]
Japan fires up plans to scout Hong Kong talent for financial hub
TOKYO — Plans to boost Tokyo’s status as an international financial center moved forward Friday with a draft proposal from the ruling party, but attracting Hong Kong talent looking to leave the territory may prove to be a challenge. “It’s important for us to revive Tokyo as a finance center,” […]