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HSBC fell 5 percent in Hong Kong, most since June 2016 Hong Kong's Hang Seng Index fell 0.8% after HSBC's quarterly profit missed estimates with a surprise drop in revenue. [Extracted from the article]

Keywords: 2008@HK; 282@HK; BABA; ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; CONS; CONSD; COS; GLOBALMACR; HK; INDUSTRIES; INTERNET; MARKETS; MED; NORTHAM; STK; TEC; TECHTOP; TECSVC; TMT; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN 2008@HK 282@HK BABA ALLTOP ASIA ASIATOP BUSINESS CHINA CONS CONSD COS GLOBALMACR HK INDUSTRIES INTERNET MARKETS MED NORTHAM STK TEC TECHTOP TECSVC TMT TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU A company owned by the Chinese government is working on an offer to acquire Hong Kong's influential South China Morning Post, according to people familiar with the matter. 2008@HK, 282@HK, BABA, ALLTOP, ASIA, ASIATOP, BUSINESS, CHINA, CONS, CONSD, COS, GLOBALMACR, HK, INDUSTRIES, INTERNET, MARKETS, MED, NORTHAM, STK, TEC, TECHTOP, TECSVC, TMT, TOP, US, WORLD, WWTOP, WWTOPAM, WWTOPAS, WWTOPEU. [Extracted from the article]

The pro-democracy Apple Daily published its final edition on June 24 with people in Hong Kong rushing out to buy it in protest at the government crackdown. (Bloomberg) -- The U.S. and allies including Germany, Japan and the U.K. criticized a crackdown by Hong Kong authorities on the outspoken Apple Daily newspaper and its staff. [Extracted from the article]

Hong Kong's government is considering new tax rules to attract more private credit and infrastructure investments. The proposed rules would offer tax exemptions on interest income to special purpose vehicles for alternative investments, including private credit, hybrid securities, real estate, and infrastructure. Hong Kong is facing competition from Dubai and Singapore in attracting asset management businesses, and the city hopes that these tax rule changes will help increase its jurisdiction and legal infrastructure. The global alternative funds sector is expected to grow significantly, and Hong Kong wants to position itself as an attractive location for these funds. However, the city currently faces economic challenges and geopolitical tensions. Singapore already has a broader scope for fund exemptions, giving it an advantage in attracting private credit funds. Hong Kong's tax exemption regime for funds is self-assessed, which can create confusion for managers. The government is seeking feedback from the industry on the proposed tax rule changes. [Extracted from the article]

Hong Kong Chief Executive Carrie Lam, who is appointed by China and has supported Beijing's moves to increase control over the city, is set to hold a news conference at 4 p.m. on Tuesday. (Bloomberg) -- The Executive Council that advises Hong Kong's leader has approved a bill to help implement China's plan to overhaul the city's elections, local media reported, one of the final steps in Beijing's efforts to limit the influence of the pro-democracy opposition. [Extracted from the article]

Chartwell Capital's Chan said Hong Kong can take a roundabout approach and still benefit from the boom. (Bloomberg) -- Hong Kong and Singapore are trying to get in on the boom in blank check company listings, while safeguarding investors from what some say is a bubble about to burst. [Extracted from the article]

(Bloomberg) -- Chinese non-alcoholic beverage maker JDB Group is seeking to raise at least $300 million in a funding round ahead of a potential Hong Kong initial public offering, people with knowledge of the matter said. JDB Group aims to join fellow beverage maker Nongfu Spring Co. in tapping the public market. [Extracted from the article]

(Bloomberg) -- Hang Seng Indexes Co. plans what will be one of the biggest revamps to Hong Kong's 51-year-old stock benchmark, a move that will affect tens of billions of dollars in funds tracking it. In addition, Hang Seng Indexes will ensure 20 to 25 of constituents in the benchmark are classified as Hong Kong firms, a number that will be evaluated every two years. [Extracted from the article]

(Bloomberg) -- Hang Seng Indexes Co. plans what will be one of the biggest revamps to Hong Kong's 51-year-old stock benchmark, a move that will affect tens of billions of dollars in funds tracking it. In addition, Hang Seng Indexes will ensure 20 to 25 of constituents in the benchmark are classified as Hong Kong firms. [Extracted from the article]

(Bloomberg) -- Hang Seng Indexes Co. plans what will be one of the biggest revamps to Hong Kong's 51-year-old stock benchmark, a move that will affect tens of billions of dollars in funds tracking it. In addition, Hang Seng Indexes will ensure 20 to 25 of constituents in the benchmark are classified as Hong Kong firms. [Extracted from the article]

(Bloomberg) -- Hong Kong and Singapore are in discussions again over a postponed travel bubble, the South China Morning Post reported Saturday, citing an unnamed government source. The Hong Kong-Singapore travel bubble, originally slated to begin in November last year, was postponed after a surge of new coronavirus infections in Hong Kong. [Extracted from the article]

(Bloomberg) -- Hong Kong's High Court's decision to grant bail to media tycoon Jimmy Lai is "unbelievable", according to a commentary in the mouthpiece of China's Communist Party, which warned there are legal grounds for the case to be transferred to the mainland. Prosecutors this month charged Lai under a sweeping national security law imposed by Beijing in June, saying he colluded with foreigners by calling for sanctions against China. [Extracted from the article]

(Bloomberg) -- Hong Kong media tycoon and Next Digital Ltd. founder Jimmy Lai has been granted bail by Hong Kong's High Court, local media including the Apple Daily newspaper reported. Lai will be confined to his home and be required to report to police three times a week under the bail terms, according to Apple Daily. [Extracted from the article]

(Bloomberg) -- The Hong Kong government is considering postponing the upcoming legislative elections, the Hong Kong Economic Times reported, after a sudden surge in coronavirus cases raised new questions about the September vote. The opposition has hoped to ride the momentum of its landslide victory in last November's District Council elections to a majority in the legislature. [Extracted from the article]

(Bloomberg) -- Hundreds of protesters converged on Hong Kong's Central business district, defying police warnings of unlawful assembly to mark the one-year anniversary of the first major march against since-scrapped legislation allowing extradition to China. Crowds took to the streets Tuesday night and disrupted evening traffic as dozens of police in riot gear charged to try and disperse protesters. [Extracted from the article]

(Bloomberg) -- Hundreds of protesters converged on Hong Kong's Central business district, defying police warnings of unlawful assembly to mark the one-year anniversary of the first major march against since-scrapped legislation allowing extradition to China. Crowds took to the streets Tuesday night and disrupted evening traffic as dozens of police in riot gear charged to try and disperse protesters. [Extracted from the article]

(Bloomberg) -- Hundreds of protesters converged on Hong Kong's Central business district, defying police warnings of unlawful assembly to mark the one-year anniversary of the first major march against since-scrapped legislation allowing extradition to China. Crowds took to the streets Tuesday night and disrupted evening traffic as dozens of police in riot gear charged to try and disperse protesters. [Extracted from the article]

(Bloomberg) -- Jardine Matheson Holdings Ltd., one of Hong Kong's oldest British trading houses, joined major businesses voicing support for a controversial national security law drafted by China's central government for the city. The 187-year-old "hong", or British trading firm in Hong Kong, is lining up behind legislation that has provoked street protests by pro-democracy supporters, who say the law gives Beijing too much power. [Extracted from the article]

(Bloomberg) -- Three former employees of the American Chamber of Commerce in Hong Kong have alleged they were unfairly dismissed after raising concerns about the annual bonus of the business group's president, the South China Morning Post reported. The employees were planning legal action over their dismissal, according to the SCMP. [Extracted from the article]

(Bloomberg) -- Hong Kong will ease curbs on social gatherings and reopen shuttered schools, Russia reported more than 10,000 cases for a third day and the outbreak stabilized in Spain. HK Eases Some Curbs as Cases Stay Low (3:25 p.m. HK) Hong Kong will ease social distancing measures after largely containing the spread of Covid-19, Chief Executive Carrie Lam said Tuesday. [Extracted from the article]

Late last week, as Hong Kong reported a spike of new coronavirus cases, Sean Brown was alarmed to see a group of foreign families board a local bus without wearing the surgical masks worn by nearly everyone else in the city. "If you were afraid to stay in HK when shit got real, and you ran away to your expat enclave - you can now hole up in your pint-sized apartment for the next two weeks and eat Pizza Hut delivery", one resident wrote in a local Facebook group. [Extracted from the article]

Late last week, as Hong Kong reported a spike of new coronavirus cases, Sean Brown was alarmed to see a group of foreign families board a local bus without wearing the surgical masks worn by nearly everyone else in the city. "If you were afraid to stay in HK when shit got real, and you ran away to your expat enclave - you can now hole up in your pint-sized apartment for the next two weeks and eat Pizza Hut delivery", one resident wrote in a local Facebook group. [Extracted from the article]

Late last week, as Hong Kong reported a spike of new coronavirus cases, Sean Brown was alarmed to see a group of foreign families board a local bus without wearing the surgical masks worn by nearly everyone else in the city. "If you were afraid to stay in HK when shit got real, and you ran away to your expat enclave - you can now hole up in your pint-sized apartment for the next two weeks and eat Pizza Hut delivery", one resident wrote in a local Facebook group. [Extracted from the article]

(Bloomberg) -- Prominent activist Ventus Lau stood outside a restaurant this week, handing out surgical masks and asking recipients to shout pro-democracy slogans -- including the popular rallying cry "Liberate Hong Kong! "Ridiculous" prices for face masks should be curbed by the government, according to Jeffrey Lam, a member of Hong Kong's advisory Executive Council, Radio Television Hong Kong reported. [Extracted from the article]

(Bloomberg) -- Prominent activist Ventus Lau stood outside a restaurant this week, handing out surgical masks and asking recipients to shout pro-democracy slogans -- including the popular rallying cry "Liberate Hong Kong! "Ridiculous" prices for face masks should be curbed by the government, according to Jeffrey Lam, a member of Hong Kong's advisory Executive Council, Radio Television Hong Kong reported. [Extracted from the article]

(Bloomberg) -- Prominent activist Ventus Lau stood outside a restaurant this week, handing out surgical masks and asking recipients to shout pro-democracy slogans -- including the popular rallying cry "Liberate Hong Kong! That could focus more anger against increasingly unpopular leader Carrie Lam's administration, said Wayne Chan, 29-year-old graphic designer, frontline protester and convenor of the Hong Kong Independence Union. [Extracted from the article]

(Bloomberg) -- Prominent activist Ventus Lau stood outside a restaurant this week, handing out surgical masks and asking recipients to shout pro-democracy slogans -- including the popular rallying cry "Liberate Hong Kong! That could focus more anger against increasingly unpopular leader Carrie Lam's administration, said Wayne Chan, 29-year-old graphic designer, frontline protester and convenor of the Hong Kong Independence Union. [Extracted from the article]

(Bloomberg) -- Prominent activist Ventus Lau stood outside a restaurant this week, handing out surgical masks and asking recipients to shout pro-democracy slogans -- including the popular rallying cry "Liberate Hong Kong! That could focus more anger against increasingly unpopular leader Carrie Lam's administration, said Wayne Chan, 29-year-old graphic designer, frontline protester and convenor of the Hong Kong Independence Union. [Extracted from the article]

Japan's record corporate bond issuance is likely set to slow ahead, but a boom in environment-friendly debt could limit the downside Investors should be careful about assuming that strong U.S. economic conditions guarantee that President Donald Trump will win another term in November, Morgan Stanley strategists warned Richmond Fed President Thomas Barkin said a potential escalation of U.S. tensions with Iran is among the shocks that could threaten America's record-long economic expansion. [Extracted from the article]

(Bloomberg) -- Hong Kong saw a 53% drop in inbound visitors during the Christmas period from Dec. 21 to Dec. 26, the Sing Tao Daily reported, as months of protests in city deterred tourists,. Hong Kong Protesters Target Shopping Centers, Mainland Chinese. [Extracted from the article]

(Bloomberg) -- Police fired tear gas as thousands of black-clad protesters marched in Hong Kong's tourist district Tsim Sha Tsui on Sunday, as tensions re-emerged after the euphoria of pro-democracy victories at district elections last weekend. Bachelet urged the Hong Kong government to conduct a "proper independent and impartial judge-led investigation" into reports of excessive use of force by police, according to an opinion piece in the South China Morning Post on Saturday. [Extracted from the article]

(Bloomberg) -- Police fired tear gas as thousands of black-clad protesters marched in Hong Kong's tourist district Tsim Sha Tsui on Sunday, as tensions re-emerged after the euphoria of pro-democracy victories at district elections last weekend. China said it "strongly" opposed an op-ed by United Nations High Commissioner for Human Rights Michelle Bachelet, accusing her of meddling in the country's affairs and emboldening Hong Kong protesters to commit violence. [Extracted from the article]

(Bloomberg) -- China said it "strongly" opposed an op-ed by United Nations High Commissioner for Human Rights Michelle Bachelet, accusing her of meddling in the country's affairs and emboldening Hong Kong protesters to commit violence. Bachelet urged the Hong Kong government to conduct a "proper independent and impartial judge-led investigation" into reports of excessive use of force by police, according to an opinion piece in the South China Morning Post on Saturday. [Extracted from the article]

Keywords: 1107@HK; 119@HK; 1628@HK; 2202@HK; 2777@HK; 3333@HK; 3383@HK; 3883@HK; 688@HK; 813@HK; ALLTOP; ASIA; BON; BUSINESS; CHINA; COS; CST; FIN; FRX; GLOBALMACR; HK; INDUSTRIAL; INDUSTRIES; MARKETS; NORTHAM; REL; US; WORLD; WWTOP; WWTOPAS EN 1107@HK 119@HK 1628@HK 2202@HK 2777@HK 3333@HK 3383@HK 3883@HK 688@HK 813@HK ALLTOP ASIA BON BUSINESS CHINA COS CST FIN FRX GLOBALMACR HK INDUSTRIAL INDUSTRIES MARKETS NORTHAM REL US WORLD WWTOP WWTOPAS (Bloomberg) -- There's growing evidence that China is encouraging state-owned property developers to take market share from stressed rivals to limit the spread of contagion from the debt-stricken industry. Shares of real estate firms rebounded in afternoon trade, with Shimao Group Holdings Ltd. seeing a record one-day gain of 19%. [Extracted from the article]

Keywords: 1107@HK; 119@HK; 1628@HK; 2202@HK; 2777@HK; 3333@HK; 3383@HK; 3883@HK; 688@HK; 813@HK; ALLTOP; ASIA; BON; BUSINESS; CHINA; COS; CST; FIN; FRX; GLOBALMACR; HK; INDUSTRIAL; INDUSTRIES; MARKETS; NORTHAM; REL; US; WORLD; WWTOP EN 1107@HK 119@HK 1628@HK 2202@HK 2777@HK 3333@HK 3383@HK 3883@HK 688@HK 813@HK ALLTOP ASIA BON BUSINESS CHINA COS CST FIN FRX GLOBALMACR HK INDUSTRIAL INDUSTRIES MARKETS NORTHAM REL US WORLD WWTOP (Bloomberg) -- There's growing evidence that China is encouraging state-owned property developers to take market share from stressed rivals to limit the spread of contagion from the debt-stricken industry. Shares of real estate firms rebounded in afternoon trade, with Shimao Group Holdings Ltd. seeing a record one-day gain of 19%. [Extracted from the article]