Latest Hong Kong News

Hong Kong and Macao police arrest 4 more people linked to JPEX cryptocurrency platform

Sep. 29, 2023 06:51 AM EDT

HONG KONG (AP) — Police in Hong Kong and Macao said Friday they arrested four more people linked to the cryptocurrency platform JPEX, which is suspected to have defrauded more than 2,400 people of almost $200 million. The arrests bring the total number of people detained so far in...

Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong

Sep. 28, 2023 10:13 AM EDT

HONG KONG (AP) — Trading in shares of heavily indebted Chinese property developer China Evergrande Group was suspended in Hong Kong on Thursday, according to a notice on the Hong Kong stock exchange. China Evergrande said in a notice on Thursday night that authorities had informed...

Stock market today: Wall Street yo-yos to a mixed close as oil and bond markets raise the pressure

Sep. 27, 2023 17:11 PM EDT

NEW YORK (AP) — Wall Street yo-yoed to a mixed finish Wednesday after rising oil prices and bond yields cranked up the pressure even higher on the stock market. After taking several U-turns through the day, the S&P 500 inched up by 0.98, or less than 0.1%, to 4,274.51 and...

China Evergrande Group share trading suspended in Hong Kong after reports of chairman under police watch

Sep. 27, 2023 21:44 PM EDT
HONG KONG (AP) — China Evergrande Group share trading suspended in Hong Kong after reports of chairman under police watch.

University of the People founder and Arizona State professor win Yidan Prize for education work

Sep. 27, 2023 15:26 PM EDT

NEW YORK (AP) — Shai Reshef, president and founder of the online, tuition-free University of the People, and Arizona State University professor and researcher Michelene Chi, who has developed a framework to improve how students learn, are the 2023 winners of The Yidan Prize, the biggest award in...

Alibaba will spin off its logistics arm Cainiao in an IPO in Hong Kong

Sep. 26, 2023 07:14 AM EDT

HONG KONG (AP) — Chinese e-commerce company Alibaba said Tuesday that it would spin off its logistics arm, Cainiao Smart Logistics Network, in an initial public offering in Hong Kong, making it the first business unit to go public following a major restructuring. Alibaba said in a...

Stock market today: Asian shares dip with eyes on China economy, US shutdown

Sep. 25, 2023 22:17 PM EDT

TOKYO (AP) — Asian shares mostly sank Tuesday over worries about a possible U.S. government shutdown and the troubled Chinese economy. Japan's benchmark Nikkei 225 index slipped 0.6% in morning trading to 32,469.85. Australia's S&P/ASX 200 dipped 0.5% to 7,042.50. South Korea's...

The chairman of Hong Kong's leading journalist group gets jail term for obstructing a police officer

Sep. 25, 2023 08:39 AM EDT

HONG KONG (AP) — The chairman of Hong Kong’s leading journalist group received a five-day jail term after he was found guilty of obstructing a police officer on Monday in a case that sparked concerns about the city's declining press freedom. Ronson Chan, chairman of the Hong...

Jimmy Lai's son fears Hong Kong media mogul may die in detention while awaiting trial

Sep. 20, 2023 20:30 PM EDT

LONDON (AP) — The son of jailed Hong Kong media mogul and prominent pro-democracy activist Jimmy Lai said Wednesday he did not want to see his father die in detention, as his lawyers raised the prospect that his long-delayed trial may be pushed back indefinitely. Sebastien Lai also...

Hong Kong to scrutinize cryptocurrency regulation after arrests linked to JPEX exchange

Sep. 19, 2023 08:50 AM EDT

HONG KONG (AP) — Hong Kong’s leader said Tuesday that the territory will scrutinize the regulation of digital assets after police arrested eight people over allegations of fraud at an unlicensed cryptocurrency exchange that impacted more than 1,600 investors and over $150 million in assets. ...