January 25, 2021

China anniversary: Hong Kong protester shot by live round

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From BBC An activist involved in anti-government protests in Hong Kong has been shot in the chest by police during a clash. The incident came as thousands of people demonstrated in defiance of a protest ban for the 70th anniversary of Communist rule in China. Though people have been shot by rubber bullets in previous […]

Erwiana wins HK$809,430 claim against abusive employer

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South China Morning Post From Freedom United Erwiana Sulistyaningsih, a former domestic worker who was tortured by her Hong Kong employer, finally won her two-year legal bid to claim HK$809,430 (US$103,480) in damages from her employer. District Court Judge Winnie Tsui Wan-wah called her mistreatment “inhumane, degrading, and abhorrent.” The South China Morning Post reports that Erwiana’s […]

American Airlines is buying a $200 million chunk of China’s largest airline

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By Donny Kwok and John Ruwitch, Reuters From Business Insider (Reuters) – China Southern Airlines Co Ltd said on Tuesday it would issue HK$1.55 billion ($199.6 million) worth of shares to a subsidiary of American Airlines Group Inc , giving the U.S. airline a stake in China’s largest carrier. The deal would make American Airlines […]

CDB should stick to its knitting

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By Nisha Gopalan From Bloomberg China Development Bank Corp., according to its website, provides financing facilities that serve the nation’s major long-term economic and social development strategies. The central government’s policy lender should bear that in mind as its turn as debt collector looks increasingly fraught. More than half of $1 billion in advances that […]

A fortunate place: The secrets and truth inside Chungking Mansions

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From South China Post Chungking Mansions launched as a beacon of prosperity in jet-set era Hong Kong. The building’s fame slid into notoriety soon after, and it has lived for 55 years in the spotlight. Many Hong Kong people avoid it, given its reputed sleazy underbelly, or know it only as a multi-storey souk offering […]

IMAX Corporation’s IMAX China determines the offer price for its share offering

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HONG KONG, Sept. 30, 2015 /PRNewswire/ — IMAX Corporation IMAX, +5.46% today announced that IMAX China Holding, Inc. (“IMAX China”, stock code: 1970), a Cayman Islands company, has determined the offer price for the offering (the “Offering”) of its shares to be listed on the Hong Kong Stock Exchange Limited ()Hong Kong Stock Exchange”). IMAX […]

Fallen Centaur fund linked to regulatory executive

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By Benjamin Robertson From South China Morning Post The SFC allows unlicensed funds to be sold in Hong Kong provided that buyers sign a professional investor declaration form and prove that they have HK$8 million in liquid assets. An unlicensed investment fund under investigation by the Securities and Futures Commission and in liquidation was sold […]

HK banks including HSBC rejecting companies & trusts registered in Cayman Islands

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By Benjamin Robertson From South China Morning Post Account problems cloud Hong Kong hub hopes Companies and trusts are finding it hard to set up banking services in the city, threatening its hopes of becoming service centre of Far East An inability to open bank accounts is the latest threat to Hong Kong’s business-friendly reputation. […]

World’s youngest billionaire owns Cayman company but takes little part in it

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By Toh Han Shih and Tiffany Ap From South China Post Why the world’s youngest billionaire plays little part in running her own Hong Kong-listed empire The secretive 24-year-old Hong Kong woman named by Forbes magazine as the world’s youngest billionaire plays little part in the running of the company she owns and her residency […]

Carson Yeung quits all posts with English soccer club Birmingham City

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By Emily Tsang From South China Morning Post Birmingham City in UK reveals decision ahead of verdict in money-laundering case Beleaguered Hong Kong businessman Carson Yeung Ka-sing has resigned from all his positions with English soccer club Birmingham City, its holding company announced yesterday. The 53-year-old, who took over City in 2009, has spent a […]