‘Isolated status’ of Hong Kong pushes half of European firms to consider their exit March 25, 2022 Hong Kong’s pandemic-induced “isolated status” has pushed half of European businesses in the financial hub to consider packing up their bags, according to a new report. With firms unable to keep hold of staff, the city’s “ongoing ‘Zero-Covid’ strategy has come at a very high cost for Hong Kong’s business community,” the European Chamber of [...]
Hong Kong to soon ‘open up to world’ just as Singapore eases its own restrictions March 24, 2022 Hong Kong is looking likely to “open up to the rest of the world” once its latest Covid-19 wave fades, before the lights of Singapore grow too tempting for corporate expats. Hong Kong leader Carrie Lam said she is “very optimistic” the financial hub will soon pull off pandemic restrictions which have blanketed the city [...]
‘Financial institutions are losing patience’ with Hong Kong, admits Lam March 17, 2022 Hong Kong’s leader has admitted today that the city’s controversial ‘Zero-Covid’ restrictions are blocking out businesses and wearing down its residents. Carrie Lam has since been forced to reconsider the financial hub’s tough Covid-19 restrictions, while case numbers remain high – but are thought to have peaked. “The time has come” to review the measures, [...]
Long way to go: Hong Kong Covid-19 spiral appears to have peaked, says Lam March 16, 2022 Hong Kong’s Covid-19 spiral appears to have peaked, but there remains a long way to go for the finance hub as it ushers in extra medics from the mainland. The city of 7.4m people reported 29,272 new infections on Wednesday, and recorded 217deaths, compared with 228 in the previous 24 hours. Hong Kong leader [...]
Hong Kong developer swoops in with £96m steal for Vauxhall Square site March 16, 2022 Vauxhall Square in London has been sold by a Chinese developer for £96m, which is a reported discounted price of 42 per cent. A subsidiary of Hong Kong-based company the Far East Consortium International (FEC) swooped in for the 14m square-foot site, buying it off rival firm, Guangzhou-based R&F Properties, on the cheap. It was [...]
Chinese cities on lockdown as Covid-19 cases spiral and local stocks tumble March 14, 2022 As China battles its largest surge in Covid-19 cases since the beginning of the pandemic, Beijing has shuttered several cities including technology hub Shenzhen. It comes as Covid-19 cases in the country, which has adopted a controversial ‘Zero-Covid’ stance, tripled in just one day. With fresh restrictions also being blanketed across Shanghai, China’s CSI 300 [...]
‘Unjustifiable’: Hong Kong rights group targeted by Beijing’s security law March 14, 2022 Hong Kong police have accused human rights group Hong Kong Watch of violating Beijing’s controversial national security law. Police in the city accused the UK-based group of “collusion with foreign forces”, a key violation of the law which China imposed on the city in June 2020. Foreign secretary Liz Truss has called the move “unjustifiable” [...]
Hong Kong Covid-19 death rate hits world’s highest March 7, 2022 Hong Kong’s Covid-19 death rate is now the highest in the world, according to new calculations today, as the city’s residents struggle under tough restrictions. The city has adopted Beijing’s controversial ‘zero-Covid’ stance, which pushed the US to caution against travelling to the financial hub last week. Hong Kong’s weekly rolling average climbed to 27 [...]
British human rights lawyer flees Hong Kong after meeting with national security police March 3, 2022 A British human rights lawyer has left Hong Kong after being ordered to meet with the city-state’s National Security police. British barrister Paul Harris, the former head of the Hong Kong Bar Association, got on a flight to Turkey, after attending an interview with Hong Kong police officers over alleged violations of Hong Kong’s national [...]
‘Zero-Covid’ measures: US warns against Hong Kong travel due to child separations March 2, 2022 The US has cautioned against travelling to Hong Kong, as the city records record Covid-19 cases, with cautions of children having to isolate alone if they test positive for the virus. The State Department said in a statement: “In some cases, children in Hong Kong who test positive have been separated from their parents and [...]