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Three UK has shelled out a record dividend of £2bn to its Hong Kong-listed owner, CK Hutchinson, after selling mobile phone masts.
A Hong Kong court has rejected a bid by prominent activist publisher Jimmy Lai to throw out a sedition charge against him.
David Cameron has called for pro-democracy newspaper publisher Jimmy Lai to be released, as his high-profile trial in Hong Kong gets underway.
Luxury French skincare brand L'occitane saw its share price jump 8.82 per cent this morning on the Hong Kong Stock Exchange following news its billionaire owner was mulling plans to take the business private.
Last week in this space we suggested that Hong Kong’s decision to place a bounty on the head of eight effectively-exiled pro-democracy protestors, including the young campaigner Nathan Law, showed the true autocratic colours of the territory’s government and its Beijing masters. That Hong Kong police yesterday raided the home of Law’s family, and questioned [...]
HSBC has been criticised for closing bank accounts held by one of the few remaining opposition parties in Hong Kong as well as some of its core members. According to the Hong Kong Free Press, HSBC has closed three accounts belonging to the League of Social Democrats. In a letter explaining the decision, the bank [...]
A leading Hong Kong rights activist, exiled in London, has described the first visit of a UK minister to the territory since 2018 as “unimaginable”. Dominic Johnson, a business minister, was in Hong Kong this weekend “as part of [his] mission to promote the UK as a leading destination for investment and trade”. “Hong Kong [...]
Asian stock markets fell on Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis. Ahead of a Federal Reserve meeting to decide on more possible interest rate hikes, markets in Hong Kong, Tokyo and Sydney declined. While in Shanghai, stocks edged up. Oil prices also retreated. [...]
Hong Kong Exchanges and Clearing (HKEX) confirmed today that it will open an office in London in the first half of 2023. It said the new office will expand the group’s international reach and promote greater global connectivity. HKEX chief executive Nicolas Aguzin, said: “HKEX has strong ties with the financial community in London through [...]
MPs have accused HSBC and other British banks of tacitly endorsing the suppression of human rights in Hong Kong. “British banks such as HSBC Bank Plc have been complicit in suppressing the human rights of Hongkongers, by proactively supporting the National Security Law,” the Hong Kong All-Party Parliamentary Group said in a report published today. [...]
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