Page 5 - Hong Kong

Trading turnover: Indian markets at highest ever against Hong Kong

Analysts say trend underscores the shift in investor sentiment

Anger over Lionel Messi's behaviour grows in China before Japan game

Many commentators drew comparisons between Messi's behaviour in Hong Kong and his demeanor in Japan, where he is scheduled to play in a friendly on Wednesday evening.

Deepfake video scams multinational company out of $26 million: Report

The swindlers fabricated representations of the firm's CFO and other people in the call using public footage and convinced the victim to make 15 transfers to five accounts

Alibaba considers sale of consumer assets including Freshippo, RT-Mart

Alibaba announced a plan in March to split into six units and explore fundraisings or listings for most of them. It has since filed a Hong Kong listing application for the logistics arm Cainiao in Sep

Hong Kong begins public consultation to implement national security law

Hong Kong begun public consultation on Tuesday on enacting its own national security law, beginning a process to implement legislation that for years was widely opposed by residents who feared the erosion of their civil liberties. Beijing imposed a national security law on Hong Kong in 2020 and a crackdown on dissent followed. Many of the city's leading pro-democracy activists have been arrested, silenced or forced into self-exile. Dozens of civil society groups have been disbanded, and outspoken media outlets like Apple Daily and Stand News have been forced to shut down. Both the Hong Kong and Beijing governments have hailed the law for restoring stability after the massive pro-democracy protests in 2019. But the Basic Law, Hong Kong's mini-constitution, requires the city to enact its own national security law. I want to say that legislation for Article 23 of the Basic Law is something that we need to do and have to do as soon as possible because it is our constitutional ...

Questions on China

Evergrande liquidation would be keenly watched

Statsguru: How India fares in stock mkt metrics after overtaking Hong Kong

Investors were willing to buy Hong Kong-listed shares at 21 times their earnings in March 2019. This price-to-earnings ratio fell to under 15 by the end of 2023

Stock market of Hong Kong bounces after PBOC announces rate RRR cut

Mounting hopes that Chinese authorities would come to the rescue of the battered market with more measures and news of Jack Ma scooping up Alibaba Group shares also lifted overall market sentiment

In a first, India overtakes Hong Kong as world's fourth-largest stock mkt

The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday's close, versus $4.29 trillion for Hong Kong, according to data compiled by Bloomberg

US sanctions Hong Kong, UAE firms over 'financial support' to Houthi rebels

The two companies sanctioned by the US Treasury Department on Friday were Hong Kong-based Cielo Maritime and UAE-based Global Tech Marine Services

China's Harvest Fund cuts Hong Kong staff in pullback from offshore biz

Harvest is one of the first Chinese asset managers to make sizable layoffs in Hong Kong in recent years

HK activist Jimmy Lai pleads not guilty to sedition, collusion charges

Prominent activist and publisher Jimmy Lai on Tuesday pleaded not guilty to three charges of sedition and collusion with foreign countries in a landmark national security trial in Hong Kong. Lai, a media tycoon who founded the now-defunct Apple Daily newspaper, faces one count of conspiring to print seditious publications to incite hatred against the Chinese and Hong Kong governments, as well as two counts of collusion with foreign countries to call for sanctions and other hostile actions against China and Hong Kong. Flanked by three prison officers, Lai formally pleaded not guilty to the charges read to him, shortly after the court rejected a last-ditch attempt by his counsel to throw out a sedition charge against him. The court began hearing opening statements from the prosecution on Tuesday. Dressed in a navy blazer and a white shirt, Lai smiled and waved at his family members as he entered the courtroom ahead of the start of the court session. Lai, 76, was arrested during the .

India, Hong Kong customs dept unearth trade-based money laundering case

The Indian and Hong Kong Customs have unearthed a major case of Trade-Based Money Laundering (TBML) involving Hong Kong-based exporters and Indian importers located in a Special Economic Zone (SEZ), the finance ministry said on Friday. In an exemplary case of bilateral cooperation and exchange of information, this crackdown showcases investigation and enforcement actions taken by both administrations under their respective laws to expose an international cartel. DRI had unearthed a case of Trade-Based Money Laundering from a SEZ, wherein cheap synthetic diamonds were being imported into India in the guise of natural diamonds, to remit foreign currency out of India. Investigations revealed that cheap synthetic diamonds were being mis-declared as natural diamonds and overvalued more than 100 times and being imported from firms based in Hong Kong to SEZ in India. During the investigation, it was also observed that some real diamonds were imported but replaced with synthetic diamonds a

After jail term, Hong Kong pro-independence activist seeks asylum in UK

An activist who advocated for Hong Kong independence and was jailed under a sweeping national security law fled to Britain to seek political asylum, according to his social media posts Friday. Tony Chung was among the first convicted under the Beijing-imposed law that was introduced after the 2019 pro-democracy protests. He was found guilty of secession and money laundering in 2020 and sentenced to 43 months in prison. In two Instagram posts Friday, Chung detailed how authorities closely watched him after he was released from prison: He was asked to meet with national security authorities regularly and report to them on where he had been, whom he had met with and his conversations, and authorities offered to pay him for information on others to prove he had reformed himself. They also proposed he go to mainland China. Chung said he was made to sign a document that barred him from disclosing his conversations with the authorities, so he could not seek help from any lawyers nor tell .

Hong Kong court rejects Jimmy Lai's bid to throw out sedition charge

A Hong Kong court on Friday rejected a bid by prominent activist publisher Jimmy Lai to throw out a sedition charge against him, delivering the ruling on the third day of his landmark national security trial. Lai, 76, was arrested during the city's crackdown on dissidents following huge pro-democracy protests in 2019. He faces possible life imprisonment if convicted under a sweeping national security law imposed by Beijing. He is charged with colluding with foreign forces to endanger national security and conspiring with others to publish seditious publications. Foreign governments, business professionals and legal scholars are closely watching the case, which is tied to the now-shuttered pro-democracy newspaper Apple Daily that Lai founded. Many view it as a trial of the city's freedoms and a test for judicial independence in the Asian financial hub. Hong Kong is a former British colony that returned to China's rule in 1997 under a promise the city retain its Western-style civil .

Hong Kong to offer residency to wealthy for $3.8 million investment

Known as the Capital Investment Entrant Scheme, the plan was announced during Hong Kong Chief Executive John Lee's policy address in October.

Hong Kong court begins Day 2 of activist publisher Jimmy Lai's trial

The national security trial of Hong Kong's famous activist publisher Jimmy Lai entered its second day Tuesday, with judges expected to rule by the end of the week on his lawyers' bid to throw out a sedition charge that has been increasingly used to target dissidents. Lai, 76, was arrested in August 2020 during a crackdown on the city's pro-democracy movement following massive protests in 2019. He faces a possible life sentence if convicted under a national security law imposed by Beijing. He was charged with colluding with foreign forces to endanger national security and conspiring with others to put out seditious publications. His landmark trial tied to the now-shuttered pro-democracy newspaper Apple Daily that Lai founded is widely seen as a trial for press freedom and a test for judicial independence in the former British colony, which was promised to have its Western-style civil liberties remain intact for 50 years after returning to Chinese rule in 1997. After Lai walked into

National security trial opens in Hong Kong for activist publisher Jimmy Lai

A landmark national security trial opened Monday in Hong Kong for prominent activist publisher Jimmy Lai, who faces a possible life sentence if convicted under a law imposed by Beijing to crush dissidents. Lai, 76, was arrested in August 2020 during a crackdown on the city's pro-democracy movement under the sweeping national security law enacted following huge protests four years ago. He is charged with colluding with foreign forces to endanger national security and conspiring with others to put out seditious publications. The closely watched case tied to the now-shuttered pro-democracy newspaper Apple Daily that Lai founded is widely seen as a trial of press freedom and a test for judicial independence in the Asian financial hub. China promised that the former British colony could retain its Western-style civil liberties for 50 years after returning to Chinese rule in 1997. But in recent years, the Hong Kong government has severely limited free speech and assembly and virtually .

India's market cap now just a whisker away from toppling Hong Kong's

A significant portion of Hong Kong's market cap is due to companies from Mainland China choosing to list in the city

China's homegrown C919 aircraft arrives in Hong Kong in maiden flight

A Chinese C919 jet arrived in Hong Kong on Tuesday in the Chinese-made plane's first foray outside of mainland China as its manufacturer prepares to take on Airbus and Boeing in the market for single-aisle commercial aircraft. The C919 and another Chinese-made aircraft, an ARJ21, will be on display at Hong Kong's international airport until Sunday. The C919 is due to perform a fly-past over the city's scenic Victoria Harbor on Saturday. The maker of the C919, the Commercial Aircraft Company of China, or COMAC, designed many of the C919's parts, but some of its key components are still sourced from the West, including its engine. The narrow-bodied airliner was in development for 16 years and received certification in 2022. It has a maximum range of about 3,500 miles (5,630 kilometres) and is designed to carry 158-168 passengers.