Saturday, 25 May 2019
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Tag Archives: HONG KONG

Hong Kong’s Favorite ETF Is Short the Whole Stock Market

Investors have been piling into a fund that makes money whenever Hong Kong stocks fall, as they rush to hedge against potential losses amid global uncertainties. The CSOP Hang Seng Index Daily Inverse Product has attracted $292 million in 2019, the biggest inflow for any fund trading on the city’s ...

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Thousands protest against China extradition law

CHINA: Thousands of people protested in Hong Kong over a proposed law change that would allow suspects to be sent to mainland China for trial. Officials say they need to amend the law before July so that they can extradite a murder suspect to Taiwan. Demonstrators – some marching with ...

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One dead, two missing after oil tanker blaze off Hong Kong

HONG KONG: One man was killed and two others declared missing after an oil tanker caught fire while it was being refuelled off Hong Kong on Tuesday, sending a huge cloud of dark smoke billowing into the air. Twenty-three people were rescued after those on board the stricken Vietnamese-listed vessel ...

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Over 3,000 people join annual demonstration in Hong Kong

BEIJING: More than 3,000 people took to the streets of Hong Kong on Tuesday to take part in a traditional annual January 1 demonstration to express their protests against the policy of the regional administration. According to the South China Morning Post, organizers of the march expected 5,500-5,800 people to ...

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Five dead, 32 injured in Hong Kong coach crash

HONG KONG: Five people were killed and 32 injured when a coach carrying Cathay Pacific staff to Hong Kong´s airport collided with a taxi on Friday, police said, with passengers thrown from the coach´s windows on impact. The back half of the taxi was completely crushed and both sides of ...

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China fines pharma firm $1.3b in vaccine scandal

BEIJING: Chinese authorities have slapped penalties totalling a whopping $1.3 billion on a pharmaceutical company over a vaccine scandal that fuelled public fears of domestically-made medicine, drug regulators said Tuesday. The massive fine and asset seizure is the latest move by authorities to punish Changchun Changsheng Biotechnology company, based in ...

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Three Hong Kong cricketers face ICC corruption charges

DUBAI: The International Cricket Council (ICC) announced Monday it had charged three Hong Kong players, including one who has already served a 30-month ban, with 19 counts of breaching the ICC Anti-Corruption Code in matches played between 2014 and 2016. Irfan Ahmed, who was banned from all cricket for two-and-a-half ...

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Hong Kong banks hike lending rates for first time in 12 years

Two of Hong Kong ‘s biggest banks raised their lending rates on Thursday for the first time in 12 years, ending an age of cheap cash that could hit the city’s famously red-hot property market. The moves by HSBC and Standard Chartered came after the Hong Kong Monetary Authority – ...

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Hong Kong bans pro-independence party

HONG KONG banned a political party which promotes independence, a first since the city was handed back to China by Britain 21 years ago as Beijing ups pressure on any challenges to its sovereignty. Semi-autonomous Hong Kong enjoys freedoms unseen on the mainland including freedom of expression but the space ...

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Pakistan crush Hong Kong in Asia Cup 2018

DUBAI: Former champions Pakistan thrashed an inexperienced Hong Kong by eight wickets in a one-sided match to open their Asia Cup campaign in style on Sunday. Pakistan’s bowling attack was too hot to handle for Hong Kong in Dubai as Usman Shinwari finished with 3-19 and Hasan Ali took 2-19, ...

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