hong kong

China says NGO chief barred from entering Hong Kong is paying price for inciting protests   8%


Human Rights Watch calls Chinese official's remarks 'insulting to millions across Hong Kong who have come out week after week to peacefully demonstrate for their rights'


Taiwan election: Tsai Ing-wen wins second term as president as voters back tough China stance  


Beijing's crackdown on Hong Kong seen as boosting re-election campaign of pro-independence incumbent


Where to find the best-value winter sun  


From the Middle East to Hong Kong, there are bargains to be had, says Mark Jones


George Freeman obituary   -11%


My father, George Freeman, who has died aged 89, was an interior designer whose varied career took him all over the world. As George Freeman Design Consultants, working from a small office close to his home in London, he specialised in designing the interiors of hotels in places such as Egypt, Hong Kong, Singapore, China, Morocco and Kenya. He loved that line of work, as he particularly enjoyed the chance to visit new countries and to experience different cultures.

George was born to a working-class couple, Elizabeth (nee Quickenden) and Richard Freeman, and grew up in north London. Along with his elder brother, Dick, he was evacuated in the early years of the second world war to Childwickbury Manor in Hertfordshire, which later became the home of the film director Stanley Kubrick.

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Lawyers for Hong Kong teen who claims she was gang-raped by police accuse citys top cop of trying to undermine case  


Lawyers for a teenager who claimed she was gang-raped inside a Hong Kong police station have accused the city’s top cop of trying to discredit their client and undermine the case.Vidler & Co., representing the girl, known as Ms X, responded on Saturday to comments made by Commissioner of Police Chris Tang Ping-keung, who earlier in the week suggested officers had shifted the focus of the investigation onto the complainant.“Police are [making] an outrageous further attempt to publicly discredit…


Hong Kong protest art goes on sale at independent Lunar New Year fairs in city after changes at official events   -15%


A ban on selling crafts and gifts at Hong Kong’s government-run Lunar New Year markets has sparked a wave of independent festive fairs, but organisers and retailers have struggled to find venues and make products.Supporters of the anti-government movement will hold festive bazaars over the new-year period in at least five areas – Causeway Bay, Tai Po, Kwun Tong Fanling, and Wong Tai Sin. They will offer products such as artworks and snacks modelled on icons of the protests which have gripped…


CK Assets sale of Seaside Sonata sputters in the final pre-holiday weekend as Hong Kongs home market tries to find its footing  


Hong Kong’s home sales sputtered in the final weekend before the start of the Lunar New Year holiday, in a sign that the city’s struggling property market is still trying to find its footing.CK Asset Holdings, one of the city’s biggest developers, sold 30 flats out of 123 units on offer at its Seaside Sonata project in Cheung Sha Wan as of 9pm, according to Midland Realty, one of the sales agents for the apartment complex.“Buyers may be more cautious” ahead of a large pipeline of new property…


Hong Kong Financial Secretary Paul Chan hints at scaling back one-off relief measures in upcoming budget amid concerns over increase in recurrent expenditure   12%


Hong Kong’s financial secretary on Saturday hinted at scaling back some one-off sweeteners in his upcoming budget, amid concerns that the newly announced HK$10 billion (US$1.29 billion) relief package would significantly increase the city’s recurrent expenditure.Paul Chan Mo-po also voiced caution in the face of public calls for cash handouts on Saturday, stressing that the government had to consider the financial burden given the estimated budget deficit.Chan dropped the hint after a forum…


Hong Kong officials to shun pro-democracy councillors panel   -25%


A committee set up by pro-democracy local councillors in Hong Kong will be shunned by the government and cut adrift from official channels after it was deemed illegal, the city’s No 2 official said on Saturday.Chief Secretary Matthew Cheung Kin-chung said setting up the panel, which was intended to focus on security and constitutional affairs, went beyond the powers of Tai Po District Council.On Wednesday, a district officer for Tai Po and a group of her colleagues walked out during a council…


Phone-snatching lawmaker Ted Hui cleared by party disciplinary panel, likely to contest Legco elections again  


An opposition lawmaker is expected to seek re-election in the Legislative Council polls in September after surviving his party’s disciplinary action for snatching a civil servant’s phone in 2018.Democratic Party lawmaker Ted Hui Chi-fung, 37, will likely be endorsed to defend his Hong Kong Island seat, party vice-chairman Lo Kin-hei said on Friday.“I believe the public can see his level of involvement in the recent social movement,” Lo said, referring to the ongoing anti-government protests…


Watch your carbon footprint: Hong Kongs getting hotter, as climate change makes its presence felt   -20%


Hong Kong saw its warmest year on record in 2019, which is also likely to be the second or third warmest globally, according to the Hong Kong Observatory and the World Meteorological Organisation.The decade ended with record heatwaves across the northern hemisphere, while Australia fought some of its worst wildfires in decades which have left at least 28 people dead and destroyed more than 2,000 homes in the state of New South Wales alone. Half a billion animals have been affected, with…


Notorious Hong Kong gangster Kwai Ping-hung released from prison ahead of deportation to US   1%


One of Hong Kong’s most notorious gangsters was released from prison on Saturday morning under heavy security after 16 years behind bars, and taken to the airport ahead of his deportation to the United States.Kwai Ping-hung, the “King of Thieves”, had prompted law-enforcement officers to be on high alert, having been labelled “an extremely dangerous gangster” by police.At about 5.45am, Stanley Prison – the maximum-security facility where the 59-year-old US passport holder has been jailed since…


Hong Kong Express sorry for forcing Japanese woman take pregnancy test   5%


A Hong Kong airline forced a Japanese woman to take a pregnancy test before allowing her on a flight to a Pacific island popular with mothers seeking US citizenship for their babies.Midori Nishida, 25, was escorted to a public toilet at Hong Kong airport and told to urinate on a strip in November before being granted permission to board her Hong Kong Express flight to the US territory of Saipan.She had declared in a questionnaire at check-in that she was not pregnant but airline staff…


Guangdong legislators meet in shadow of US-China trade war and Hong Kong protests   -10%


As the more than 700 deputies of Guangdong People’s Congress, the provincial legislature, meet on Tuesday for their annual conference, a range of problems – ranging from the trade war with the US to the ongoing protests in Hong Kong – will hang over proceedings.While the US and China are expected to sign an interim trade deal this week, observers believe the southern province, traditionally one of China’s key exporters, will struggle to maintain its economic momentum.A meeting of the Shenzhen…


Win hearts and minds by helping Hong Kong students find jobs in mainland China   10%


Guangdong can help Hong Kong students studying in the southern Chinese province find work in the Greater Bay Area to help win the hearts and minds of young people in the city, an adviser to the provincial government has claimed.Gordon Lam, a Hong Kong member of the Guangdong Chinese People’s Political Consultative Conference, submitted a proposal to the advisory body calling on the provincial government to set up an employment support agency for Hong Kong students.China turns to ex-World Bank…


Beijings new man in Hong Kong: how the odd choice of Luo Huining could signal a change in thinking   20%


Does Beijing’s unorthodox appointment of a hardened provincial politician with no relevant experience as its top envoy to Hong Kong signal a reset of its approach and policy towards a city that has been embroiled in its biggest crisis in decades?That question, and the possible implications of the answers, have been the talk of the town since the surprise announcement last Saturday of Luo Huining’s appointment as the new director of the central government’s liaison office in Hong Kong.Hong Kong…


Chinese medicine maker Eu Yan Sang to launch plant-based Bak Foong menstruation pills in bid to win over millennial women   14%


Eu Yan Sang, the 140-year-old traditional Chinese medicine maker whose products for women and children are familiar to generations of Hong Kong people, aims to launch by year-end an entirely plant-based version of its famous Bak Foong menstruation pills in a bid to appeal to a younger consumer.Designed to complement its existing product containing animal-based ingredients such as deer antler and black bone chicken, the plant version has been tested to deliver the same efficacy in alleviating…


Carrie Lam to find love in Year of the Rat, Hong Kong stocks to perform better, CLSA Feng Shui Index says   -16%


Hong Kong’s leader, Carrie Lam Cheng Yuet-ngor, blamed for a policy misstep that sparked the city’s worst political crisis in decades, will find love in the Year of the Rat, according to investment bank CLSA’s satirical annual Feng Shui Index. “Chief Executive Carrie Lam is born in the Year of the Rooster, so we foresee that she will have good luck in love. Love is in the air for roosters,” said Jamie Chan, an analyst who helped to compile the index. The index, which takes a tongue-in-cheek…


Crisis, what crisis? Hong Kongs banks remain profitable and solid, HKMA says, calling the bluff on short sellers doomsday prediction   31%


Hong Kong’s banks were among the world’s best capitalised last year, and local currency deposits rose even amid an unprecedented political crisis, according to the city’s de facto central bank, as it called the bluff on doomsday predictions by short-sellers of an imminent banking crisis.The capital adequacy ratio of Hong Kong’s banks stood at 20.9 per cent last year, among the highest worldwide, according to the annual banking review by the Hong Kong Monetary Authority (HKMA). Local currency…


Hong Kongs capital market can expect a robust pipeline of midsize IPOs this year, says one of the citys top bookrunners   -9%


Hong Kong’s capital market, which ranked top in global initial public offerings (IPOs) in 2019 for the eighth time in 11 years, can expect a “robust pipeline” of deals this year as multinational corporations mull secondary listings, said one of the city’s top bookrunners.The typical deal size this year will range anywhere from US$200 million to US$2 billion, considerably smaller than Alibaba Group Holding’s US$13.9 billion secondary listing that gave Hong Kong the 11-month push past the…


Why Hong Kongs resilient economy can make a comeback in 2020 (as it did after 1997 and 2008)   15%


More than six months of domestic turmoil have tested Hong Kong’s economy, tipping the city into a technical recession and hampering its role as a thriving international commerce centre. But with an economy that showed remarkable resilience in the face of regional downturns in 1997 and 2008, Hong Kong could bounce back this year if the socioeconomic ills at the heart of the unrest, and sporadic episodes of violence, stop.  “Ending violence and restoring calm are pivotal to the recovery of the…


Office rents in Hong Kongs Central district worlds most expensive commercial property market to plunge by up to 40 per cent, real estate fund says   6%


Office rents in Hong Kong’s Central district, the world’s most expensive commercial property market for a fourth straight year in 2019, might plunge by up to 40 per cent by 2022, according to the most pessimistic forecast yet. “Office rents in Central and other mature decentralised areas are likely to continue falling – by around 30 per cent to 40 per cent over the near to medium term” in the next two to three years, said Harry Tan, head of research for Asia-Pacific at London-based real estate…


Capital markets dismiss doomsday prediction of full-fledged banking crisis in Hong Kong by short-seller Kyle Bass   20%


Kyle Bass, the hedge fund manager who’s been shorting Hong Kong’s currency, said the former British colony faces a banking crisis in 2020, mirroring the struggles of Iceland and Ireland a decade ago.“It takes about a year for a full-fledged banking crisis to hit, and you’ll see a full-fledged banking crisis in Hong Kong now,” Bass, founder of Hayman Capital, said.The Dallas-based money manager pointed to an economy mired in recession, a high ratio of banking assets to gross domestic product and…


Hong Kong gets a magnificent seven moment as stock exchange has busiest listing day in 18 months   17%


The Hong Kong stock exchange greeted its busiest day in 18 months for new listings, with seven companies making their trading debuts, as the city enjoys a respite from social unrest in recent weeks.The number of listings is the most since eight companies began trading on July 12, 2018, according to exchange data. The raft of stock offerings in the new year underscores the confidence in Asia’s third largest capital market in the face of economic challenges brought on by months of anti-government…


Hang Seng Index closes up for the first time in three days after US-China sign phase one deal   10%


It was day of chopping trading in Hong Kong, with the benchmark fluctuating between losses and gains throughout the day. Ultimately, the Hang Seng Index closed higher for the first time in three days. Here's how the day unfolded. And if you would like the Live Stocks Blog emailed to you each morning, click here.  - Zhang Shidong in Shanghai and Srinivasan Iyer in Hong Kong Note: Information in this blog is on an "as is" basis and not a solicitation or offer to buy or sell any securities or…


Investment in Hong Kong commercial property dropped 52 per cent last year, as protests hit demand across sector, CBRE says   4%


Investment in Hong Kong office and retail properties plunged by 52 per cent last year to HK$$68.9 billion (US$8.9 billion), the largest decline in a single year since 2011, property consultancy CBRE said on Wednesday.The ongoing anti-government protests and economic uncertainty had weakened demand across all sections of the city’s real estate sector. “A lot of uncertainty continues to exist in Hong Kong’s economy in 2020, due to the ongoing social unrest, trade talks and China’s economic…


Hong Kong dollar no longer safe haven for investors as protests cast doubt, father of dollar peg says   10%


Hong Kong is no longer the “safe haven” financial centre it once was, according to the economist credited as the architect of the Hong Kong dollar peg.John Greenwood, who is known in financial circles as the “father of the Hong Kong dollar peg”, said the current political instability in the city would curb the amount of capital inflows even though there is no threat to the Hong Kong dollar peg system.And with the anti-government demonstrations playing on the minds of investors, he said, US…


Sa Sa International to close up to 25 per cent of stores in 18 months as Hong Kong retail slump claims more casualties  


Sa Sa International, Hong Kong's biggest cosmetics retailer, plans to shutter up to a quarter of its stores in the city over the next 18 months, blaming the “unabated difficult” business environment for its latest struggle. It is considering asking employees to take no-pay leave to lighten its operating costs.The skin care and cosmetics chain operator has earmarked about 20 to 25 per cent of its outlets in Hong Kong for closures, according to a stock exchange filing. Most of them are located in…


Human Rights Watch Director Barred from Hong Kong, as Protesters Celebrate Taiwan Election  

Kenneth Roth, Executive Director of Human Rights Watch, was barred entry to Hong Kong, where he planned to hold a press conference to release the organization’s annual report.


Taiwan takes a sobering lesson from Hong Kong   -20%


As elections loom on Taiwan, the struggle in Hong Kong to keep democracy alive is making Taiwan skeptical of a “one country, two systems” deal of its own with China.


Nearly 2 million adults are estimated to have shown symptoms of PTSD during Hong Kong protests, study finds   18%


Almost 2 million people in Hong Kong --- about a third its adult population -- are estimated to have experienced symptoms of post-traumatic stress disorder (PTSD) during months of social unrest in the city, according to research published Friday in The Lancet medical journal.


HK airline forces passenger to take pregnancy test   5%


A Hong Kong airline forced a Japanese woman to take a pregnancy test before allowing her on a flight to a Pacific island Saipan popular with mothers seeking US citizenship for their babies. Midori Nishida, 25, was escorted to a public toilet at Hong Kong airport and told to urinate on a strip in November before being granted permission to board her flight.