Hong Kong Airlines delays salary payments as protests take their toll November 29, 2019 Hong Kong Airlines has delayed the payment of salaries for almost half of its staff members as widespread protests in the city have hit the carrier. Only cabin crew and overseas employees will receive their November wages on time, while all other Hong Kong-based workers will be paid on 6 December, the airline said in [...]
China’s human rights abuses should silence the declinists and self-haters in the west November 27, 2019 One of the most damaging tendencies of contemporary western modernity has been the growth of declinism and self-hatred within our societies. The declinists argue that the era of western leadership is over, and that the future belongs to the east. They are content to go quietly into the night, rather than recognise that the rise [...]
Hong Kong elections: Carrie Lam will reflect after pro-democracy candidates win in rout November 25, 2019 Hong Kong leader Carrie Lam has said today that the government will take heed of the public after pro-democracy parties overwhelmingly won local elections. Seventeen of 18 Hong Kong councils are now in the hands of pro-democracy councillors after citizens’ votes wiped out pro-Beijing candidates. The vote – and record voter turnout of 71 per [...]
Top MP denies British interference in Hong Kong after Chinese ambassador’s warning November 18, 2019 A senior Tory MP has denied that the UK is interfering in foreign affairs after the Chinese ambassador to London blasted Western countries for their response to the Hong Kong crisis. In a speech today Liu Xiaoming accused the government and the influential foreign affairs committee of making “irresponsible remarks” and taking the side of [...]
China condemns ‘attack’ on Hong Kong minister in London November 15, 2019 The Chinese government has condemned what it called an “attack” on Hong Kong’s justice minister after she fell to the ground while surrounded by furious pro-democracy protesters in London last night. Teresa Cheng, who was in London to promote Hong Kong as a dispute resolution and deal-making hub, was circled by protesters shouting “murder” and [...]
Asian markets sink further as Hong Kong protests escalate November 14, 2019 Asian markets have closed lower as anti-government protests continued to paralyse Hong Kong, with escalating violence forcing schools and universities to close and disrupting transport systems in the financial hub. Police fired tear gas at protesters blockading the entrance to a major tunnel linking Hong Kong island to the northern part of the city, while [...]
Alibaba poised to launch record-breaking $13.4bn Hong Kong listing November 13, 2019 Alibaba has launched the share sale for its Hong Kong listing, in a $13.4bn (£10.4bn) fundraising effort that’s set to be the biggest cross-border secondary listing ever. The Chinese online retail giant opened the books for institutional investors looking to buy the shares during trading in New York on Wednesday after winning approval for the [...]
Alibaba’s secondary Hong Kong listing gets exchange approval November 13, 2019 Alibaba has been given the green light by the Hong Kong stock exchange (HKEX)for a secondary listing in the city that could raise up to $15bn (£11.7bn), in what is set to be one of the biggest fundraisings in the world this year. The Chinese online retail giant is set to begin a week-long investor [...]
Hong Kong falls into recession amid ongoing unrest October 31, 2019 Hong Kong has officially entered a recession for the first time in a decade after the its economy contracted for a second successive quarter, as the territory prepares for Halloween protests. The financial hub’s economy shrank by 3.2 per cent in the three months to the end of September, much more than the 0.6 per [...]
Hong Kong stock exchange boss questions ‘one country, two systems’ October 30, 2019 Charles Li, head of the Hong Kong stock exchange (HKEX), has publicly questioned the “one country, two systems” framework governing the territory’s relationship with mainland China. In a speech in London last night, Li said the model had “fundamental flaws” in how it was implemented from the outset, the Financial Times reported. Read more: Carrie [...]