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HKEX to set up two overseas offices in US, Europe to attract more global IPOs, investment, CEO Aguzin says
Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock market, will establish two international offices over the next year to reach out to more overseas investors and market the city as a fundraising destination, according to its chief executive.
While grandparents worldwide often enjoy the retired life – pursuing hobbies, travelling the world and occasionally visiting their children and grandchildren – retirees in China are often stuck at home, tasked with taking care of the little ones while their sons and daughters go to work.
Investors rushing back into Chinese technology stocks on recent market upgrades face a pitfall in the form of weak corporate earnings. The latest results from Tencent Holdings and JD.com show it may still be a falling-knife market.
Hong Kong to ramp up security for handover anniversary, guard against ‘new threats’ including Covid-19, ‘home-grown terrorism’
Protecting the Chinese state leader and his entourage from terrorist attacks and Covid-19 infection are among the challenges law enforcement agencies will face during the 25th anniversary of Hong Kong’s handover, the security minister has revealed.
Police superintendent Wong Ping-ping says she believes ‘a lot of people are actively using’ new reporting platform to report non-urgent traffic violations. WeChat was chosen as officers can preset the information required from users, including data about the person reporting and details about incidents.
China-watchers are keeping a close watch on the rise of politicians born in the 1970s, as the Communist Party’s next generation of leaders is likely to come from this group.
Alibaba, Kuaishou pace Hong Kong stock losses on tech earnings outlook while Beijing faces tighter Covid rules
Hong Kong stocks fell from a two-week high amid concerns about earnings slippage on Covid-19 lockdowns as XPeng, Kuaishou and Alibaba Group Holding prepare to issue their report cards this week. Beijing also stoked concerns about tighter social mobility controls.
Beijing has rejected Washington’s Indo-Pacific initiatives as tools to contain China that are “doomed to fail”, as US President Joe Biden prepares to unveil the latest strategy to step up regional engagement.
Beijing mulls reducing hotel quarantine to one week for international travellers with 7+7 policy, sources say
Beijing is considering relaxing its quarantine requirements for international arrivals to a 7+7 policy, which would consist of seven days in a hotel and then seven days of health monitoring at home, reducing the hotel stay from 10 days, in response to appeals from investors.
Hong Kong’s Planto ties up with New Zealand fintech firm Cogo to create awareness about sustainability, launch carbon footprint
Planto, a Hong Kong-based online banking solutions provider, has partnered with Cogo, a New Zealand-headquartered carbon footprint tracking fintech firm, to develop a software for the city’s banks that encourages consumers and small businesses to cut their greenhouse gas emissions.