Latest Hong Kong News

China-drafted electoral reform bill introduced in Hong Kong

Apr. 14, 2021 03:30 AM EDT

HONG KONG (AP) — Hong Kong’s electoral reform bill was introduced in the city’s legislature on Wednesday, setting in motion changes that will give Beijing greater control over the process while reducing the number of directly elected representatives. The bill is...

Asian stock markets advance after new Wall St high

Apr. 13, 2021 23:37 PM EDT

BEIJING (AP) — Asian stock markets rose Wednesday after Wall Street hit a high following an uptick in U.S. inflation and an order by regulators to suspend use of Johnson & Johnson's coronavirus vaccine. Shanghai, Hong Kong, Seoul and Sydney rose, while Tokyo was off...

Hong Kong's delayed legislative elections set for December

Apr. 13, 2021 20:33 PM EDT

HONG KONG (AP) — Hong Kong leader Carrie Lam said Tuesday that the semiautonomous Chinese territory's legislative elections will take place in December, more than a year after they were postponed by authorities citing public health risks from the coronavirus pandemic. ...

Grab to list in US via $40 bln merger with Altimeter Growth

Apr. 13, 2021 11:45 AM EDT

HONG KONG (AP) — Southeast Asia’s largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. That would...

Southeast Asia's Grab Holdings plans US Nasdaq listing via nearly $40 bln merger with financial vehicle Altimeter Growth

Apr. 13, 2021 06:36 AM EDT
HONG KONG (AP) — Southeast Asia's Grab Holdings plans US Nasdaq listing via nearly $40 bln merger with financial vehicle Altimeter Growth.

The Latest: Australia has 2nd likely Astra-Zeneca clot case

Apr. 12, 2021 23:17 PM EDT

CANBERRA, Australia — Australian authorities have identified a second case of a rare blot clot likely linked to the AstraZeneca coronavirus vaccine. Officials said Tuesday the woman is in her 40s and is in a stable condition. A 44-year-old man developed the same...

Chinese regulator orders Ant Group to conduct major overhaul

Apr. 12, 2021 08:48 AM EDT

HONG KONG (AP) — Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms. In a meeting Monday, the central...

Huawei, HSBC agree on document deal for extradition case

Apr. 12, 2021 06:22 AM EDT

HONG KONG (AP) — Chinese telecommunications equipment firm Huawei said Monday that it has reached an agreement with HSBC in Hong Kong to obtain documents that its chief financial office Meng Wanzhou hopes will help prevent her extradition to the U.S. Meng, who was...

Asian shares decline on vaccine, virus worries

Apr. 12, 2021 00:10 AM EDT

BANGKOK (AP) — Asian shares were lower on Monday, as investors grew wary over the recent surge in coronavirus cases in many places while vaccination efforts are making scant headway. Shares fell in Tokyo, Shanghai, Hong Kong and Sydney. The...

China report accuses US of causing humanitarian disasters

Apr. 09, 2021 05:56 AM EDT

BEIJING (AP) — China accused the U.S. of causing humanitarian disasters through foreign military interventions in a report Friday that was the latest broadside by Beijing in increasingly contentious relations with the Biden administration. The report from the...