Hong Kong


China's annual NPC session looks to sustainable high-tech future

China's annual NPC session looks to sustainable high-tech future

(ATF) While the international focus on China’s annual legislative meeting, the National People’s Congress (NPC), will be on the country’s plans for hot-button issues such as Hong Kong and Xinjiang, business will be watching for clues to economic policy underlined in the forthcoming Five-Year Plan (FYP).The annual NPC session – …

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Rosewood hotels, casino magnate join Hong Kong SPAC mania 

Rosewood hotels, casino magnate join Hong Kong SPAC mania

(ATF) Hong Kong's luxury Rosewood Hotel Group is the latest company to join the Asia craze for Special Purpose Acquisition Company (SPAC) listings.Reuters reported that the unit of property developer New World Development (NWD) has enlisted Credit Suisse and JPMorgan to lead the US SPAC listing.In a typical SPAC transaction, …

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US calls grow to boycott China's 2022 Winter Olympics 

US calls grow to boycott China's 2022 Winter Olympics 

(ATF) The former US ambassador to the United Nations, Nikki Haley, is the latest public figure to join a growing chorus demanding a boycott of the Winter Olympics in China next year over Beijing's human rights record.The Games are scheduled to begin on February 4 next year, just six months …

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Hong Kong-US WTO dispute sparks friction amid hurt civic pride

Hong Kong-US WTO dispute sparks frictions amid hurt civic pride

(ATF) The World Trade Organisation’s decision to proceed with a dispute hearing on the new US rule that all goods imported from Hong Kong must be stamped "Made in China" has reignited trade tensions and split the territory’s community.This week, the WTO's Dispute Settlement Body accepted a second request from …

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HK investors stamp their disapproval 

HK investors stamp their disapproval 

(ATF) Hong Kong: Asian markets retreated as the relentless surge in US Treasury yields prompted investors to lighten up on risk with Hong Kong markets taking an additional hit from an increase in stamp duties proposed in the government budget.Hong Kong announced its first stamp-duty increase on stock market transactions …

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HSBC to focus on wealth management across Asia

HSBC to focus on wealth management across Asia

(ATF) HSBC plans to plough $6 billion into its operations across Asia and focus on targeting wealth management in the region where it makes most of its profit.Europe's biggest bank reported a 30% plunge in profit for 2020 – $6.1 billion after tax, a result that stemmed mainly from the …

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New broom could sweep in SPACs to Hong Kong stock exchange

New broom could sweep in SPACs to Hong Kong stock exchange

(ATF) The new management expected at the Hong Kong Stock Exchange could see the Asian financial hub embrace the SPAC boom that has engulfed Wall Street, reports indicate.The boom in SPACs – special-purpose acquisition companies – has swept the US and brought avid interest from Asian financial centres like Singapore, …

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Soaring yields spark funding cost worries

Soaring yields spark funding cost worries

(ATF) Hong Kong: Asian markets retreated amid worries about the impact of rising bond yields on corporate funding costs at a time when economic recovery is just starting to take root.Financial analysts remain cautious about the new strains of the coronavirus that continue to emerge, although the vaccine roll-out and …

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Some tips and history for HKEX’s new chief

Some tips and history for Hong Kong Exchange’s new chief

(ATF) Earlier this month, Hong Kong Exchanges & Clearing announced that 52-year-old Argentine Nicolas Aguzin will succeed Charles Li as CEO of the world’s 5th largest stock exchange. Both executives share an American educational background – Li went to Columbia, Aguzin to Wharton – and both joined HKEX directly from …

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Xi-Biden call lifts investor mood

Xi-Biden call lifts investor mood

(ATF) Hong Kong: Asian markets clung to their recent gains as risk appetite remained strong on easing US-China tensions and following dovish comments by the Federal Reserve chairman.But trading volumes were light as China, Japan, South Korea and Taiwan were all on holiday.Hopes of improving relations between the world’s two …

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