Articles for Hong Kong Dollars

Filipinos in Hong Kong were promised a new life in Poland. It never came
10 months, 4 weeks ago

Filipinos in Hong Kong were promised a new life in Poland. It never came

Al Jazeera  

This is the second article in a two-part series about the alleged exploitation of Filipino migrant workers. “I don’t know where my 10,000 Hong Kong dollars went,” she told Al Jazeera, referring to the first cash instalment she made in May 2022. Maria said she was told her full application would cost 30,000 Hong Kong dollars – more than six …

Europe Poland Recruitment Hong Kong Workers Domestic Migrant Workers
Hong Kong and Macao police arrest 4 more people linked to JPEX cryptocurrency platform
1 year, 2 months ago

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

Associated Press  

HONG KONG — 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. Hong Kong police said in a news conference Friday they had arrested two men, one of whom had been trying to destroy documents with …

Hong Kong Platform Million Macao Hong Kong Dollars Jpex
Warren Buffett’s company keeps selling carmaker BYD’s stock
1 year, 7 months ago

Warren Buffett’s company keeps selling carmaker BYD’s stock

Associated Press  

— Warren Buffett’s company continues selling off its stake in Chinese electric car manufacturer BYD and now holds less than 10% of the company’s stock. Berkshire Hathaway revealed the latest sale of 1.96 million BYD shares worth about $58.9 million Monday in a filing with the Hong Kong stock exchange. Since Berkshire first bought its BYD shares in 2008 for …

Company Stock Billion Million Byd Selling Buffett
‘Tools more than humans’: HK domestic workers fight for rights
1 year, 7 months ago

‘Tools more than humans’: HK domestic workers fight for rights

Al Jazeera  

After years of exploitation and abuse, Hong Kong’s 340,000 migrant domestic workers are fighting back in the courts. “But there were no happy moments.” For decades, Hong Kong’s 340,000 migrant domestic workers have faced abuse and exploitation, despite the economic and social benefits they bring to the Chinese-ruled territory. Under Hong Kong’s so-called “two-week” rule, domestic workers must leave the …

Women Abuse Rights Labour Hong Kong Domestic Workers Migrant
China Renaissance shares plunge after founder goes missing
1 year, 10 months ago

China Renaissance shares plunge after founder goes missing

Al Jazeera  

China Renaissance Holdings shares fall as much as 5 percent after earlier recovering some losses. Shares of China Renaissance Holdings, the boutique investment bank founded by missing tech dealmaker Bao Fan, have fallen as much as 5 percent after earlier regaining some ground from record losses. Bao, a high-profile investment banker known for overseeing mergers involving Chinese tech giants Didi …

China Hong Kong Chinese China Renaissance Hong Kong Dollars
Hong Kong’s Cardinal Zen found guilty over protester support fund
2 years, 1 month ago

Hong Kong’s Cardinal Zen found guilty over protester support fund

Al Jazeera  

Senior Catholic, 90, one of six activists, including singer Denise Ho, fined for failing to register the fund. Cardinal Joseph Zen and five other Hong Kong activists have been found guilty of failing to register a multimillion-dollar support fund they established to help people arrested in 2019’s pro-democracy protests get legal support. A court on Friday fined five of the …

Society Hong Kong Fund Kong Hong Yim Hong Kong Dollars
In Hong Kong, ‘zero COVID’ brings small businesses to their knees
2 years, 10 months ago

In Hong Kong, ‘zero COVID’ brings small businesses to their knees

Al Jazeera  

Small business owners are facing the third year of the pandemic with no clear end in sight to forced closures, curfews. Hong Kong, China – When Pinky Yeung secured a 1,400-square-metre retail space in Hong Kong’s prime shopping district of Tsim Sha Tsui in 2020, the fitness trainer thought she had hit the jackpot. In one of the world’s most …

Business China Hong Kong Month Covid Kong Hong
Two former Hong Kong leaders named in Pandora Papers leak
3 years, 2 months ago

Two former Hong Kong leaders named in Pandora Papers leak

Al Jazeera  

CY Leung accused of failing to disclose sale of company shares while Tung Chee-hwa allegedly set up offshore companies to skirt taxes. Two former leaders of Hong Kong have been named in the Pandora Papers leak, the most extensive global data drop detailing secretive financial dealings by the world’s wealthiest people that aim to conceal their assets. CY Leung was …

Hong Kong Report Kong Hong Tung Leung Stand News
Hong Kong to spend $15.4B to stabilize virus-ravaged economy
3 years, 10 months ago

Hong Kong to spend $15.4B to stabilize virus-ravaged economy

Associated Press  

HONG KONG — Hong Kong will introduce 120 billion Hong Kong dollars in fiscal measures to help businesses and residents impacted by the coronavirus pandemic, as it looks towards economic growth later this year following a recession in 2020. The measures — which include tax relief, loans for the unemployed and consumption vouchers — are aimed at stabilizing the economy, …

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