WASHINGTON/HONG KONG—Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards. The move by the Securities and Exchange Commission (SEC) adds to the unprecedented regulatory crackdown in China on…
Chinese Tech Stocks Slump as US SEC Begins Rollout of Law Aimed at Delisting
March 25, 2021
admin
Asia & PacificBusinessChinaChina Business & EconomyChina-US NewsChinese CompaniesCSRCdelistingEconomiesHK BusinessHong KongSECWorld
0 Comment
Hong Kong Dumped From Index of Economic Freedom Due to Policies ‘Controlled From Beijing’
March 5, 2021
admin
ChinaChina Business & EconomyChina SocietyChinese Regimefreest economyHK BusinessHK Current AffairsHong KongIndex of Economic FreedomMacaunational security lawSingaporethe heritage foundation
0 Comment
Hong Kong has been dropped from The Heritage Foundation’s Index of Economic Freedom this year because its economic policies are controlled by Beijing. Hong Kong topped the list for 25 years till 2019. Financial experts in Hong Kong believe that the Chinese communist regime’s rapid encroachment on Hong Kong’s freedom has accelerated the deterioration of…
Boyu Capital Moves Operations Out of Hong Kong Amid Suspected Political Infighting: Report
February 24, 2021
admin
Alvin JiangBoyu CapitalChinaChina Business & EconomyChinese RegimeHK BusinessHong KongJiang ZeminSingaporeXi Jinping
0 Comment
Boyu Capital, a fund company owned by China’s former leader Jiang Zemin’s family, is moving its business from Hong Kong to Singapore and Shanghai, The Wall Street Journal (WSJ) reported on Feb. 22. Jiang built a faction within the Chinese Communist Party (CCP) centered in Shanghai that controlled Hong Kong and had influence in other regions….
Hong Kong Sees Rush for Burner Phones as Government Pushes Contact-Tracing App
February 18, 2021
admin
appburnerCCP VirusChinaChinese RegimecontactHK BusinessHK Current AffairsHK LifeHong KongINSIDE CHINAphonestracing
0 Comment
HONG KONG—Electronics shops in Hong Kong have seen a sharp increase in demand for cheap burner phones as the Chinese-ruled city’s government eases coronavirus restrictions but pushes the use of a contact-tracing app which has raised privacy concerns. The former British colony saw anti-government and anti-China protests erupt in 2019 and a sweeping national security…
Chinese Money Pours Into Hong Kong as It Becomes a Stock Gambling Paradise
On the eve of President Joe Biden’s inauguration, the Hong Kong stock market soared as Chinese money poured in. On Jan. 19, the daily trading volume of Hong Kong stocks exceeded 300 billion Hong Kong dollars ($38.7 billion). On Jan. 21, the Hang Seng Index, which tracks the Hong Kong stock market, rose by more…
Lawmakers Challenge HSBC on Hong Kong Activist’s Frozen Accounts
An international coalition of lawmakers has written to HSBC Holdings Chairman Mark Tucker, calling on the bank to unfreeze Hong Kong pro-democracy activist Ted Hui’s accounts. In a letter, the Inter-Parliamentary Alliance on China, a group of legislators from countries including Britain, Australia, Japan, and the United States, criticized the bank for its freezing of…
Hong Kong Telecoms Provider Blocks Website for First Time Citing Security Law
HONG KONG–Hong Kong Broadband Network (HKBN) said on Thursday it has blocked a website that publishes material mainly on 2019 anti-government protests, to comply with the city’s national security law, marking the first censorship of a local website under the law. While the internet in mainland China is heavily censored and access to foreign social…
Wall Street Investment Banks to Comply With Trump Order to Delist Products in Hong Kong
January 11, 2021
admin
Asia & PacificChinaChina Business & EconomyChina-US NewsDonald TrumpGoldman SachsHK BusinessHong KongJPMorganMilitary-Civil FusionMorgan StanleyNational SecurityNYSEPolicyUSWorld
0 Comment
Three major U.S. investment banks will delist a total of about 500 Hong Kong-listed structured products, according to corporate filings from Hong Kong stock exchanges on Sunday. Goldman Sachs, JPMorgan, and Morgan Stanely stated that the delisting was in compliance with President Donald Trump’s executive order (E.O.) 13959. Trump issued the order (pdf) on Nov….
China-US Ties Hold Up Property Deal With Hong Kong Consulate, Developer Says
HONG KONG—Hong Kong developer Hang Lung Properties said it was unable to complete the purchase of a property owned by the U.S. consulate as scheduled on Wednesday because it involved foreign affairs between China and the United States. The latest twist in the $331.5 million deal in an upscale location in the financial hub comes…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`