Hong Kong

Gaw Capital Partners says its real estate portfolio will provide a testing ground for companies to adopt new technologies.
DealStreetAsia

Hong Kong's Gaw Capital closes first growth fund at $430m

Real estate private equity partnership puts focus on property technology

31 May 2021
JD Logistics priced its IPO close to the bottom of the marketed range before shares began trading on Friday.
Market Spotlight

IPO fatigue hits Hong Kong despite debut boost for JD spinoff

Most of 2021's torrent of listings are trading below their issue price

31 May 2021
Thousands of people hold a candlelight vigil to mark the 31st anniversary of the crackdown on pro-democracy protests at Beijing's Tiananmen Square in 1989, after police rejected a mass annual vigil amid concerns about COVID-19, at Victoria Park, Hong Kong, on June 4, 2020.
Hong Kong protests

Hong Kong organizers lose appeal to hold Tiananmen vigil on June 4

COVID cited in ban on rally to remember crackdown on pro-democracy protests

29 May 2021
JD Logistics still gets most of its revenue from parent JD.com, but its share has fallen to just over half. 
IPO

JD Logistics cheers Hong Kong investors with strong debut

Boost after string of IPO flops as shares climb as much as 18%

28 May 2021
Avery Ng, a co-defendant of Jimmy Lai, hoists a copy of a book of speeches by Chinese President Xi Jinping as he is taken from jail to court on Friday. 
Hong Kong protests

Hong Kong publisher Jimmy Lai given another 14-month prison term

10 activists sentenced for taking part in 2019 China National Day protest

28 May 2021
Under the new law, only 22% of the legislative seats will be elected by the public, down from 57% in the last election in 2016.
Politics

Hong Kong passes Beijing bill to reduce directly elected lawmakers

Law approved in opposition-less legislature seen as regression of democracy

28 May 2021
Next Digital shares rose as much as 330% on Thursday before ending the day up 50.5%.
Media & Entertainment

Shares of Apple Daily publisher soar despite Jimmy Lai asset freeze

Hong Kong sympathizers rally to show support for Next Digital

27 May 2021
HSBC will sell 80 of its U.S. East Coast branches to Citizens Financial Group. 
Finance

HSBC reaches deals to sell most US branches

With pivot to Asia, bank to convert some offices to serve rich global clients

27 May 2021
Hong Kong's property sector has been less politically outspoken since protests swept the city in 2019.
Politics

Hong Kong property tycoons play nice as China steps up pressure

Blamed for unrest in city, developers see political influence wane

27 May 2021
NetEase's Cloud Village is gearing up to take on bigger rival Tencent Music Entertainment Group in the fast-growing music streaming sector in China.
IPO

Top Tencent Music rival Cloud Village to list in Hong Kong

NetEase unit could raise about $1bn to fund expansion

26 May 2021
Liu Yonghao, chairman of New Hope Group, was among the first private capitalists to be appointed to the Chinese People's Political Consultative Conference. (Source photos by AP and Reuters) 
IPO

Chinese farming billionaire seeks Hong Kong IPO for global deals

Despite tepid market response, New Hope's Liu Yonghao plans aggressive expansion with M&As

24 May 2021
"That mass-populated and hyperactive place is a great metaphor for the town," said famed Hong Kong film director Wong Kar-wai of Chungking Mansions. (Photo by Jeremy Smart)
Life

Where you can eat the world: Hong Kong's Chungking Mansions turns 60

Once a notorious ghetto, building now a celebrated cultural icon

24 May 2021
After more than 100 days under house arrest, Aung San Suu Kyi will appear in court on May 24. 
Your Week in Asia

Aung San Suu Kyi in court, JD Logistics IPO, HSBC coal plan

Your weekly lineup of Asia's biggest business and political events

23 May 2021
Mak Tai-kwong, 90, pictured during his working days at Hong Kong's She Wong Lam snake soup shop. He credits a lucky break there in 1948 as having changed his life.
Life

Legacy of a tai chi master

Followers reflect on how the martial art helped them 60 years after Tung Ying-chieh's death

23 May 2021
Under the "one country, two systems" framework, Hong Kong has long served as a key link between mainland China and the rest of the global market.
Markets

China to shore up Hong Kong hub status with wealth management link

HSBC and Citigroup among banks looking to catch tailwind from new investment corridor

23 May 2021
Swire Pacific Chairman Merlin Swire, center, attends an earnings conference in 2019. He will leave the post in August, returning to the U.K. (Photo by Kenji Kawase)
Companies

Heir leading Hong Kong's Swire group to make abrupt departure for UK

Chairman gives no reason for exit, but pledges to stay focused on region

21 May 2021
Demonstrators rally in Taipei on October 25, 2020 in support of Hong Kong activists.
International relations

Hong Kong blames 'gross interference' for Taiwan office closure

City accuses Taipei of offering help to 'violent protesters' seeking to flee financial hub

21 May 2021
The Peninsula Yangon involves the redevelopment, seen here in 2018, of the former colonial-style downtown headquarters of Myanmar Railway Co. (Photo by Takaki Kashiwabara)
Myanmar Crisis

Peninsula Hotels suspends $130m Yangon project for a year

Hong Kong company and Myanmar partner SPA 'committed' to resuming construction

21 May 2021
The JD Logistics offering will be the second-largest IPO so far this year in Hong Kong. 
IPO

JD Logistics set to raise $3.2bn with lowered IPO price

Retail orders brisk in share sale but sector sentiment shaky

21 May 2021
The assembly line of wind turbine blades at a factory in Haimen: the shift to ESG-related technologies could generate 40 million net new jobs.
Opinion

China is leapfrogging the world when it comes to the environment

ESG-related technologies have become a powerful catalyst for change

19 May 2021
Next Digital continued to print its feisty Apple Daily newspaper in Hong Kong despite the freezing of owner Jimmy Lai's stake, but stopped printing in Taiwan.
Politics

Hong Kong threatens 'full force of law' after Lai assets frozen

Shares of Apple Daily owner Next Digital suspended from trading

18 May 2021
Hong Kong Disneyland's managing director says the park has no plans to cut staff or seek further government funding. 
Media & Entertainment

Hong Kong Disneyland loss hits $342m despite higher local visits

Government-backed theme park to press on with expansion plan

17 May 2021
Hong Kong has served as an international financial and business hub, largely thanks to its laissez-faire economic policies.
Politics

New Hong Kong regulations threaten to stifle financial hub

Potential restrictions on travel and reduced corporate disclosure spark concern

16 May 2021
Seven cornerstone investors have agreed to buy $1.5 billion of the shares on offer in JD Logistics' IPO. 
IPO

SoftBank and Temasek buy into JD Logistics IPO

E-commerce company trims valuation target amid market turmoil

14 May 2021
Adrian Cheng's SPAC was able to complete its share sale within two hours. (Photo by Paul Yeung)
Business deals

Hong Kong tycoon's SPAC raises $300m for China deals

Adrian Cheng-led vehicle first to list in US from Asia since SEC warning

14 May 2021