Tag: Hong Kong

Hong Kong to decide on further Covid relaxation ‘soon’: city leader

HONG KONG, China (AFP) – Hong Kong’s leader on Tuesday said he will soon make a decision on further relaxing coronavirus restrictions, as residents and businesses decry quarantine rules that have kept the finance hub cut off for more than two years. “We will make a decision soon and announce to the public,” chief executive John Lee told reporters. “We want to be connected with the different places in the world. We would like to […]

Asian stocks rally ahead of key US inflation data; oil prices also climb

  HONG KONG, China (AFP) — Asian stocks largely continued a global rally on Tuesday, ahead of the release of key US consumer price data that is expected to show slightly slowing inflation in the world’s largest economy. Stocks rose in Japan, Australia, Singapore and Taiwan, with South Korea and Shanghai also gaining after reopening following a public holiday. European stocks were steady at the open. Hong Kong shares edged lower at the close, erasing […]

Hong Kong September heat record broken twice

HONG KONG, China (AFP) — Hong Kong has broken two heat records for September in a little over a week, the city’s weather observatory said Tuesday, as the crowded financial hub swelters through one of its hottest summers. The Hong Kong Observatory said a temperature of 35.4 degrees Celsius (95.7 Fahrenheit) was recorded on Tuesday afternoon, “once again breaking the record for highest temperature in September” since the city started keeping records in 1884. The […]

Storm leaves 3 dead in PHL; NDRRMC says nearly 12,000 families in 5 regions affected by “Florita”

Storm, with int’l name Ma-on, makes landfall in Guangdong, China after hitting Hong Kong   (Eagle News) – Storm “Florita” (international name Ma-on) left at least three people dead and four more injured, the country’s disaster agency said. The storm, which left the Philippines on Wednesday, August 24, has already made landfall in southern China’s Guangdong province. Storm Ma-on has a wind speed of 100 kilometers per hour. According to the National Disaster Risk Reduction […]

Five arrested in Hong Kong over Southeast Asia job scams

  HONG KONG, China (AFP) — Five Hong Kongers have been arrested for allegedly setting up job scams in which victims were lured to Southeast Asia and then held against their will, police announced Sunday. In recent months, victims have reported travelling to countries such as Myanmar, Cambodia, Thailand and Laos on false promises of romance or high-paying jobs, and then being detained and forced to work. On Thursday, authorities set up a task force […]

Hong Kong reduces Covid quarantine for arrivals

  HONG KONG, China (AFP) — Hong Kong will cut mandatory hotel quarantine for international arrivals from one week to three days from Friday, Chief Executive John Lee announced in an easing of Covid restrictions that have severely curbed travel. Once a global logistics and transportation hub, Hong Kong has been largely cut off from the rest of the world for more than two years under its strict adherence to China’s zero-Covid policy. Under some […]

Alibaba shares extend losses on US delisting fear

HONG KONG, China (AFP) — Chinese e-commerce giant Alibaba led technology stocks lower in Hong Kong on Monday after US authorities put it on a watchlist that could see it delisted in New York if it does not comply with disclosure orders. The market heavyweight sank more than five percent in early trade, pushing it to its lowest level since May and dragging the Hang Seng Tech Index with it. The US securities watchdog on […]

Asian markets swing as US inflation spikes see rate hike bets soar

  HONG KONG, China (AFP) — Asian markets were mixed Thursday as another forecast-busting US inflation print ramped up bets on a series of sharp interest rate hikes by the Federal Reserve, and other central banks race to tighten monetary policy. The keenly awaited consumer price index came in at a blistering 9.1 percent in June, the highest since November 1981, as energy costs continued to rocket on the back of rising demand and weak […]

Hong Kong lawmaker tests Covid positive after photo with Xi

  HONG KONG, China (AFP) — A Hong Kong lawmaker who posed for a group photo with Chinese President Xi Jinping during the leader’s visit to the financial hub this week confirmed Sunday he has since tested positive for coronavirus. Xi visited Hong Kong under strict security measures to mark the 25th anniversary of the city’s handover from Britain in his first trip outside mainland China since the outbreak of the pandemic. Steven Ho, a […]

Xi hails China’s rule over Hong Kong at handover ceremony

by Xinqi Su Agence France-Presse  HONG KONG, China (AFP) — President Xi Jinping hailed China’s rule over Hong Kong on Friday as he led 25th anniversary celebrations of the city’s handover from Britain, insisting that democracy was flourishing despite a years-long political crackdown that has silenced dissent. At a tightly choreographed ceremony, which included the inauguration of Hong Kong’s new government, Xi showcased the Chinese Communist Party’s hold after unleashing a sweeping crackdown against the […]

China’s Xi to preside over muted Hong Kong handover anniversary

by Xinqi Su Agence France-Presse  HONG KONG, China (AFP) — Chinese leader Xi Jinping was set to preside Friday over tightly choreographed celebrations marking the 25th anniversary of Hong Kong’s handover from Britain, with once annual demonstrations silenced and a massive security presence in force. Xi’s two-day visit, which will also see him inaugurate Hong Kong’s new government on Friday, is a chance for the Chinese Communist Party to showcase its power over the city […]

Hong Kong economy faces uncertain future 25 years after handover

by Holmes CHAN Agence France Presse HONG KONG, China (AFP) — When Hong Kong transitioned from British to Chinese rule, Edmond Hui was a floor trader at the bustling stock exchange, witnessing the roaring growth of a city at the crossroads of the West and Asia. Under a deal signed with Britain ahead of the 1997 handover, China promised Hong Kong could keep its capitalist system for 50 years, an arrangement that helped the city […]