Japan companies heading to exit after Hong Kong crackdown

Japan companies heading to exit after Hong Kong crackdowns

(ATF) China's crackdown on political and social dissent in Hong Kong will force Japanese companies to leave the territory, a top banker has warned. Yoshitaka Kitao, chief executive of SBI Holdings, which runs Japan's largest online brokerage, told the Financial Times on March 8 that he was planning to pull …

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China denies ‘patriots’ plan for HK legislature is a purge  

China denies ‘patriots’ plan for HK legislature is a purge  

Critics say a radical overhaul of Hong Kong’s limited democratic system will destroy what remains of the pro-democracy opposition and ensure only loyalists remain in control. But the city’s leader, Chief Executive Carrie Lam, has praised China's plan to ensure only "patriots" remain in politics, denying the move was a …

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HKEX eyes another banner year 

(ATF) Hong Kong’s stock market is looking at another banner year propelled by a change of guard at the top, a rash of new economy issuance and US listed Chinese companies seeking secondary listings. Last month, Hong Kong Exchanges & Clearing announced that 52-year-old Argentine Nicolas Aguzin will succeed Charles …

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Hong Kong’s recovery splutters as Covid’s return curbs spending 

Hong Kong’s recovery splutters as Covid’s return curbs spending 

(ATF) Hong Kong’s economy was treading water by the end of 2020 as the reintroduction of Covid containment measures held back spending. And, according to research consultancy Capital Economics, unless the authorities bring the ongoing outbreak under control soon, the region’s recovery is at risk of reversing this quarter. The …

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State Street-managed tracker fund to invest in sanctioned stocks again

State Street-managed tracker fund to invest in sanctioned stocks again

Hong Kong’s most active exchange-traded fund (ETF), the Tracker Fund of Hong Kong (TraHK), has reversed a decision to stop buying shares in Chinese firms sanctioned by the US after some called for the fund’s manager, State Street Global Advisors Asia, to be replaced. In an exchange filing on Wednesday, …

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Hong Kong online banks to venture into business lending 

Hong Kong online banks to venture into business lending 

Hong Kong's new online banks are planning to move into business lending and wealth management, in search of more lucrative activities beyond savings accounts, senior executives said. Eight online banks were launched this year and, as of November, had taken more than $1 billion in deposits and attracted nearly 300,000 …

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Supporting Hong Kong’s businesses and households in new normal  

Supporting Hong Kong’s businesses and households in 'new normal'  

(ATF) In Hong Kong, the transition from face-to-face to contactless interactions has been swift and widespread as a result of the Covid-19 pandemic. The so-called “new normal” economic activities such as online shopping, digital payments, and remote working have accelerated as consumers and businesses adapt to the new environment. As …

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