Hong Kong's central bank plans to hold a major conference in November it hopes will draw global banking bosses, sources said, as the financial hub seeks to welcome back international business following two gruelling years of closed borders
Hong Kong's central bank plans to hold a major conference in November it hopes will draw global banking bosses, sources said, as the financial hub seeks to welcome back international business following two gruelling years of closed borders
Three years is a long time for Hong Kong’s hoteliers to keep hoping visitors will return as the city maintains a zero-Covid policy. A series of recent sales suggests some are giving up, says
@JennHughes13
HappyLabourDay! These staff photos were taken some 20 years apart. Our chefs, cleaners, managers, bean counters, waiters & tech wizards (numbering 100 in 2022) are part of the FCC’s DNA, and just as valuable as the bricks and mortar at 2 Lower Albert Road.
#FCC70HK
#FCCcommunity
New York-listed Chinese stocks are down 55% in a year, buyouts are getting done at a discount () and even deals that don't raise funds, like Zhihu's, get hammered. That's the cost of geopolitics.
Quora-like Zhihu won’t raise a cent from its Hong Kong float, the first so-called homecomer to eschew the chance. It won’t be the last. Instead, insiders are selling, and that can weigh on valuations, which hurts regular investors, says
@JennHughes13
"Far more airlines have given up serving
#HK
than have been suspended" - that idea that Hong Kong is no longer worth the bother is the real danger to Asia's so-called World City
Just 14 passenger-flight arrivals remain scheduled for today (Tuesday), tying last Tuesday's record low. None from the Americas, Africa, Europe, Middle East or Australasia. Far more airlines have given up serving
#HK
than have been suspended.
An activist investor helped disclose Bain's buyout interest in Toshiba. The move falls short of a classic bear hug, where a takeover target is pressured by a generous offer, but it puts the squeeze on the Japanese company all the same, says
@JennHughes13
⚠️🛫🇬🇧
In a reply to a question from
@Tim_Media
,
@British_Airways
confirms the airline is not selling flights to or from Hong Kong until at least the end of October.
Lockdowns have Hong Kong's iconic green and white Star Ferry sailing into financially dire straits. Keeping the Wharf empire-owned boats afloat would preserve a bit of history and provide some much needed cheer in the city, says
@JennHughes13
GoTo is eyeing a $29 bln IPO in Jakarta. Given rival Grab’s disastrous New York debut and Sea’s share price plunge, the timing may bruise its new backers. But waiting much longer risks eroding GoTo’s strong market position, says
@JennHughes13
NEW: I’m not sure people appreciate quite how bad the Covid situation is in Hong Kong, nor what might be around the corner.
First, an astonishing chart.
After keeping Covid at bay for two years, Omicron has hit HK and New Zealand, but the outcomes could not be more different.
charting HK's descent into Covid chaos via its govt slogans. from “Fight the Virus Together with Confidence” to “Together, We Race Against the Aggravating Epidemic”
@_szheng
I wouldn't call me a tech sceptic as such (tho this did). More a crypto and Big Tech sceptic (This is where I fall on
@qz
's Crypto vs Big Tech grid)
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