Latest Hong Kong News

Hong Kong arrests 3 activists under national security law

Oct. 27, 2020 7:35 AM EDT

HONG KONG (AP) — Three members of a former student group advocating independence for Hong Kong were arrested Tuesday under the city’s new national security law on suspicion of publishing content inciting secession on social media platforms. The three include former Studentlocalism leader Tony Chung...

In this Friday, Oct. 23, 2020, photo, the figure of the Ant Group's mascot is displayed at the office in Hong Kong. The world's largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. (AP Photo/Kin Cheung)

Here's why Ant Group is about to shatter IPO records

Oct. 27, 2020 6:35 AM EDT

HONG KONG (AP) — Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- shopping in a mall, buying stuff online or transferring money to friends. “Now when...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Oct. 27, 2020. Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. (AP Photo/Vincent Yu)

World shares slip after Wall St's worst day in a month

Oct. 27, 2020 4:47 AM EDT

Shares skidded in Europe and Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. Stock benchmarks fell in Paris, London, Hong Kong, Sydney and Seoul. Tokyo was flat. Shanghai recovered from early losses to edge higher. Overnight,...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Oct. 27, 2020. Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. (AP Photo/Vincent Yu)

Asian shares slip after Wall St's worst day in a month

Oct. 27, 2020 12:10 AM EDT

Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. Stock benchmarks fell in Tokyo, Shanghai, Hong Kong and Sydney. Shares were flat in South Korea, where economic growth data were slightly better than expected. ...

FILE - This July 20, 2020, file photo, shows, the app for Alipay, the mobile payments service operated by Ant Group, on a smartphone in Beijing. China’s Ant Group will try to raise nearly $35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share offering in history. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world’s largest money market funds, will hold dual listings in Shanghai and Hong Kong.  (AP Photo/Ng Han Guan, File)

Chinese fintech could shatter records with $35B share offer

Oct. 26, 2020 10:26 AM EDT

HONG KONG (AP) — The world’s largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet...

China's Ant Group could raise close to $35 billion in what would be the largest public share offering in history

Oct. 26, 2020 8:43 AM EDT
HONG KONG (AP) — China's Ant Group could raise close to $35 billion in what would be the largest public share offering in history.
Pedestrian stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, Oct. 26, 2020. Asian shares were little changed in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy.(AP Photo/Eugene Hoshiko)

Asian shares little changed on uncertainty over US election

Oct. 25, 2020 11:47 PM EDT

TOKYO (AP) — Asian shares were little changed in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy. Investors remain worried over surging cases and deaths related to COVID-19, especially in parts of the U.S. and Europe,...

Hong Kong protesters and Taiwanese supporters march to demand the release of the 12 Hong Kong protesters that have been arrested by mainland Chinese authorities, in Taipei, Taiwan, Sunday, Oct. 25, 2020. A group of 12 people from Hong Kong were allegedly traveling illegally by boat to Taiwan in August when Chinese authorities captured them and detained them.(AP Photo/Chiang Ying-ying)

Hundreds march in Taiwan to support 12 arrested Hong Kongers

Oct. 25, 2020 7:22 AM EDT

TAIPEI, Taiwan (AP) — Hundreds of people marched in Taiwan's capital on Sunday to demand the release of 12 Hong Kong anti-government protesters who were arrested by mainland Chinese authorities in August. The 12 were allegedly traveling illegally by boat to Taiwan when Chinese authorities detained them....

FILE - In this Oct. 14, 2020 file photo, pedestrians pass the New York Stock Exchange.  Stocks are mixed on Wall Street, following gains in European markets, as more U.S. companies report encouraging results for the summer earnings period. (AP Photo/Frank Franklin II)

US stocks shake off a wobbly start and end mostly higher

Oct. 23, 2020 4:59 PM EDT

U.S. stock indexes closed mostly higher Friday, though the S&P 500 posted its first weekly loss in four weeks. The benchmark index eked out a 0.3% gain after another day of wobbly trading. The Dow Jones Industrial Average finished with a small loss. Gains in communication services, health care and other...

The standard and uniform of the former British Governors of Hong Kong, are displayed at the exhibition

China may not recognize British-issued Hong Kong passports

Oct. 23, 2020 6:09 AM EDT

BEIJING (AP) — China’s foreign ministry said Friday it may decide not to recognize British-issued passports for Hong Kong residents in retaliation for London’s moves to open a path to citizenship for those holding the documents. Ministry spokesperson Zhao Lijian said that Britain had...