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☆ China, U.S. finding 'strategic space' to operate: CBRC chief advisor
▼ + stars: | 2023-07-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina and the U.S. are finding 'strategic space' to operate despite being rivals: CBRC chief advisorThe world will benefit if China and the U.S. define the guardrails in their rivalry in various fields, said Andrew Sheng, distinguished fellow of the Asia Global Institute at the University of Hong Kong.

Persons: Andrew Sheng Organizations: China, Asia Global Institute, University of Hong Locations: U.S, China, University of Hong Kong

☆ Lawyer wanted by Hong Kong says he was exercising his rights in Australia
▼ + stars: | 2023-07-06 | by ( Kirsty Needham | ) www.reuters.com time to read: +4 min

The Hong Kong police and security bureau did not immediately respond to a request for comment. Hong Kong says 260 people have been arrested under the law, 79 of them convicted for offences including subversion and terrorism. China and Hong Kong say it was necessary to restore stability in the financial hub. Yam said he started speaking out about the rule of law in Hong Kong and the crackdown because his friends were in jail. Reporting by Kirsty Needham in Sydney; Additional reporting by James Pomfret and Jessie Pang in Hong Kong; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Kevin Yam, Yam, Mao Ning, Anthony Albanese, Hong, Ted Hui, Richard McGregor, Kirsty Needham, James Pomfret, Jessie Pang, William Mallard Organizations: SYDNEY, Hong, HK, Hong Kong, of Australia, Law Society of Hong, Lowy Institute, Thomson Locations: Australian, Hong Kong, Hong, Australia, China, Beijing, British, Law Society of Hong Kong, Sydney

☆ Janet Yellen arrives in Beijing on mission to find common ground for U.S. and China
▼ + stars: | 2023-07-06 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

U.S. Treasury Secretary Janet Yellen landed in Beijing July 7 on a four-day trip aimed at finding common ground for a mutually beneficial economic relationship between the world's two largest economies. Treasury Secretary Janet Yellen landed in Beijing Thursday on a four-day trip aimed at finding common ground as rivalry between the U.S. and China becomes increasingly adversarial. Before departing for China, Yellen had a "frank and productive discussion" with Xie Feng, the Chinese U.S. ambassador, according to the U.S. Treasury. In an April speech, Yellen stressed the importance of fairness in the U.S. economic competition with China. "A full cessation of trade and investment would be destabilizing for both of our countries and the global economy."

Persons: Janet Yellen, Andrew Sheng, Antony Blinken's, Yellen, Xie Feng Organizations: Treasury, University of Hong, Asia Global Institute, CNBC, U.S, U.S . Treasury, Treasury Department, U.S . Locations: Beijing, Asia, China, Europe, Chinese, People's Republic of China, U.S

☆ Meituan’s KeeTa joins Hong Kong's food delivery race — but analysts are skeptical
▼ + stars: | 2023-07-04 | by ( Sheila Chiang | ) www.cnbc.com time to read: +6 min

HONG KONG, CHINA - MAY 22: A poster promoting 'KeeTa' is seen on May 22, 2023 in Hong Kong, China. "I'm not very optimistic about Meituan's expansion in Hong Kong," Shawn Yang, managing director of Blue Lotus Research Institute, told CNBC. The food delivery service — named KeeTa — launched on May 22 in two residential areas: Mong Kok and Tai Kok Tsui. Stiff competitionThe penetration rate of food delivery in Hong Kong is not particularly high. The food delivery market in Hong Kong remains lukewarm, even during the pandemic, with moderate growth rates.

Persons: Chen Yongnnuo, Shawn Yang, KeeTa —, Mong Kok, Tai Kok Tsui, KeeTa, Sham, Meituan, Kai Wang, ChinaIRN, doesn't, it's, Wang, Yang, Blue, Ryan Lai, Lai Organizations: China News Service, Getty, Blue Lotus Research Institute, CNBC, Yau, Morningstar, Morningstar Asia, Blue Lotus Research, Blue Lotus, Foodpanda, Hong, HK Locations: HONG KONG, CHINA, Hong Kong, China, Mong, Morningstar Asia, Mong Kok, Hong, Deliveroo, Foodpanda Hong Kong

HONG KONG, July 4 (Reuters) - Hong Kong chief executive John Lee said on Tuesday eight overseas-based Hong Kong activists who were issued with arrest warrants for alleged national security offences, would be "pursued for life". Hong Kong police issued arrest warrants for the eight overseas-based activists on Monday, accusing them of national security offences, including foreign collusion and incitement to secession, and offered rewards for information leading to their arrest. They are wanted under a national security law that Beijing imposed on Hong Kong in 2020. Both these countries have criticised the national security law for being used to suppress Hong Kong's pro-democracy movement. Chinese and Hong Kong authorities say the law has restored the stability necessary for preserving Hong Kong's economic success.

Persons: John Lee, Lee, Nathan Law, Anna Kwok, Finn Lau, Dennis Kwok, Ted Hui, Kevin Yam, Mung Siu, Yuan Gong, James, Hong Kong's, Hong, James Pomfret, Donny Kwok, Muralikumar Anantharaman, Raju Gopalakrishnan Organizations: Hong Kong, HK, U.S . State Department, Hong, Inter, Parliamentary Alliance, Thomson Locations: HONG KONG, Hong Kong, Hong, United States, Britain, Australia, Beijing, China

Hong Kong CNN —Hong Kong police on Monday placed bounties on eight prominent democracy activists in self-imposed exile overseas, offering HK$1 million ($127,603) rewards each for information leading to their arrests. After leaving Hong Kong in recent years, many of the activists have continued to speak out against what they say is Beijing’s crackdown on their home city’s freedoms and autonomy. The sweeping law was imposed by Beijing on Hong Kong in 2020, after huge pro-democracy protests roiled the semi-autonomous city in the previous year. The Hong Kong government has repeatedly denied the national security law is suppressing freedoms. “I feel no joy over this, but feel sad for Hong Kong that people now see things this way, because it is an indication of how low Hong Kong has gone in the eyes of many,” he told CNN from Australia.

Persons: Nathan Law, Dennis Kwok, Ted Hui, Hong, Steve Li, “, ”, Kevin Yam Organizations: Hong Kong CNN, Hong, HK, CNN Locations: Hong Kong, United States, Canada, Britain, Australia, Beijing

☆ Hong Kong pro-democracy radio closes in face of "dangerous" pressure
▼ + stars: | 2023-06-30 | by ( Jessie Pang | Thomson Reuters | Jessie Pang Joined Reuters In After An Internship. She Covers Hong Kong With A Focus On Politics | ) www.reuters.com time to read: +3 min

HONG KONG, June 30 (Reuters) - Hong Kong's pro-democracy online Citizens' Radio station will cease operations on Friday owing to what its founder described as a "dangerous" political situation and the freezing of its bank account. Tsang also said his radio station's bank account had been frozen, without giving specifics. Hong Kong authorities have repeatedly said that media freedoms are respected and enshrined in city laws. In 2019, four masked men wielding bats and hammers barged in to the radio station after smashing through its glass door. Hong Kong returned to Chinese rule in 1997 under a "one country, two systems" agreement aimed a preserving its freedoms for 50 years.

Persons: Kong's, Tsang Kin, Tsang, Hong, Cédric Alviani, OFCA, Jimmy Lai, Hong Kong, Jessie Pang, James Pomfret, Robert Birsel Organizations: Citizens, Apple Daily, Radio, Media, Hong Kong, Communications Authority, Reuters, Thomson Locations: HONG KONG, Hong, China, Hong Kong, East Asia

[1/2] A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. China's long-awaited rules for offshore stock exchange listings form part of a regulatory tightening on cross-border listings after years of a laissez-faire approach. REGULATORY 'BLACKBOX'The new listing regime requires CSRC to respond within 20 working days upon accepting an issuer's listing filing. Submitting additional materials can be time-consuming and thus delay the listing process, said bankers and lawyers. Reporting by Scott Murdoch in Sydney and Kane Wu in Hong Kong; Additional reporting by Selena Li in Hong Kong; Editing by Sumeet Chatterjee and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Tingshu Wang, JD.com, Scott Murdoch, Kane Wu, Selena Li, Sumeet Chatterjee, Muralikumar Organizations: China Securities Regulatory Commission, REUTERS, China, U.S, iMotion Automotive Technology, Reuters, Thomson Locations: China, Beijing, Hong Kong, SYDNEY, HONG KONG, Suzhou, Sydney

The hectic pace of activity comes after private credit funds targeting Asia jumped 76% last year to a record $11.2 billion, driven by both regional and India-dedicated strategies, according to Global Private Capital Association. As large global sponsors continue to invest into multi-billion dollar Asia-focused credit funds such as Apollo, Blackstone and KKR, the Asian private credit industry is set for further boom, Robert Wright, partner in law firm Baker McKenzie, said. The string of new private credit funds come against the backdrop of startups facing the threat of having down rounds. Nevertheless, alternative financing such as private credit does not come cheap, industry experts warned. Private credit firms usually arrange loans, with assets secured, on a floating rate basis.

Persons: GPCA, Singapore's SeaTown, Europe's 21yield, Nicholas Mairone, Robert Wright, Baker McKenzie, SeaTown, Rakshat Kapoor, Camille Krejci, Parthiv Rishi, Sidley Austin, Siew Kam Boon, Yantoultra Ngui, Sumeet Chatterjee Organizations: Asia, SINGAPORE, Global Private Capital Association . Industry, Silicon Valley Bank, Blackstone, KKR, Reuters Graphics, Bain Capital, India's, Mahindra Bank, Hong Kong's ADM, SoftBank Investment Advisers, Reuters, Prosus NV, Thomson Locations: Asia, India, Singapore, United States, North America, Silicon, Pacific, Japan, Hong Kong

☆ Hong Kong film-makers say censorship law spooks investors, actors
▼ + stars: | 2023-06-28 | by ( Jessie Pang | Thomson Reuters | Jessie Pang Joined Reuters In After An Internship. She Covers Hong Kong With A Focus On Politics | ) www.reuters.com time to read: +6 min

The day before their Loose Narratives short film festival began in April, censors denied approval for their short film "Wake in Silence", citing "possible seditious intentions". "I consider myself more commercial, but I still hope to have lots of Hong Kong elements in my movies," he said. "We are scared of the disappearance of the culture and arts of Hong Kong," said Ching Wong, who founded Hong Kong Film Festival UK along with director Ng Ka Leung in 2021. "At this moment, the chance of me finding funds in the Hong Kong market and the Hong Kong government seems to be close to zero," film-maker Chow said. ($1=7.82 Hong Kong dollars)Reporting by Jessie Pang; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Tyrone Siu, Kiwi Chow, Chow, Kevin Yeung, Rex Ren, David Chan, Ren, Ho, Ching Wong, Ng Ka Leung, Jessie Pang, Clarence Fernandez Organizations: REUTERS, Hong, Kong's, Film, Association, British, HK, Film Development, Film Development Council, Times, Fresh, Hong Kong, Hong Kong Film, Thomson Locations: Hong Kong, China, Tyrone Siu HONG KONG, Cannes, Hong, Britain, Canada, United States

HONG KONG, June 27 (Reuters) - A series of brutal attacks in Hong Kong is shining a light on mental health in a city that has suffered from particularly acute strains while lacking sufficient resources to provide proper care for all who need it, mental health groups say. A city government spokesman, asked about the state of mental health, referred Reuters to a meeting the administration organised this month aimed at exploring more ways to address mental health problems and support people who suffer from severe mental disorders. Mental health experts point to the COVID-19 pandemic as a major factor in the increase in mental health issues, as it has been in many places. 'EXHAUSTION'Judy Blaine, a researcher and consultant on mental wellbeing, says it is the compounding of stresses that takes a toll on Hong Kong's people. Carol Liang, deputy CEO of the group Mind Hong Kong, said waiting times for cases deemed non-urgent can be as long as 90 weeks in the Hospital Authority system.

Persons: Abby Choi, Judy Blaine, Hong, Blaine, Carol Liang, Hong Kong, Farah Master, Anne Marie Roantree, Robert Birsel Organizations: Hong Kong Foundation, Organization, Reuters, Hospital Authority, Organisation for Economic Cooperation, Development, Thomson Locations: HONG KONG, Hong Kong, Beijing, Hong

☆ Yellow-crested cockatoos find an unlikely urban refuge in Hong Kong
▼ + stars: | 2023-06-26 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +18 min

Hong Kong CNN —It’s dusk in Hong Kong Park. On a sweltering summer day in Hong Kong Park, nestled between skyscrapers in the urban center of the Asian metropolis, a yellow-crested cockatoo perches on a branch. Noemi Cassanelli/CNN Yellow-crested cockatoos nest in old trees, typically more than 100 years old, which form cavities in the trunk. Hong Kong, despite its urban sprawl and concrete veneer, is a stronghold for several endangered species, including Chinese pangolins, Hong Kong groupers, and the black-faced spoonbill. (According to the AFCD, it has “not received any report related to poaching of yellow-crested cockatoos in the past three years.”)Extremely picky about where they roost, the yellow-crested cockatoos use cavities that form in the trunks of trees that are typically older than 100 years.

Persons: Hong Kong CNN —, –, Astrid Andersson, it’s, ”, Andersson, Quadrupling, Noemi Cassanelli, Cassanelli, CNN Andersson, CNN There's, they’ve, “, Tom Booth, Fox, It’s, ’, Fiona Woodhouse, Woodhouse, Hong Kong’s, Jovy Chan, Chan, “ They’ve Organizations: CNN, Hong Kong CNN, Press, University of Hong, Timor Leste, International Trade, Fisheries, Conservation Department, CITES, Scottish wildcats, ADM Capital Foundation, Society for, Bird, Cultural Services Department, Facebook, Hong, SPCA HK, WWF Locations: Hong Kong, Swedish, Indonesia, Timor, Australia, University of Hong Kong, Hong, ”, Mainland China, HKD28,000, Indonesian

☆ Prenetics CEO discusses $200m JV for early cancer detection
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrenetics CEO discusses $200 million JV for early cancer detectionDanny Yeung, CEO of Hong Kong's genetics testing firm Prenetics, speaks about the $200 million joint venture that his company has formed with professor Dennis Lo from Chinese University of Hong Kong, who pioneered non-invasive prenatal testing. The joint venture will focus on blood tests for early cancer detection.

Persons: Danny Yeung, Dennis Lo Organizations: JV, University of Hong Locations: University of Hong Kong

☆ Hong Kong's international dragon boat races return after 4-year hiatus
▼ + stars: | 2023-06-24 | by ( ) www.reuters.com time to read: +2 min

[1/6] Participants splash water during a ceremony in between races during Tung Ng or Dragon Boat Festival at Aberdeen fishing port in Hong Kong, China June 22, 2023. The two-day event, organised by Hong Kong's tourism board and the Hong Kong China Dragon Boat Association, drew more than 4,000 paddlers from 160 teams including from the Chinese mainland, Taiwan and internationally, its tourism body said. Can't think of a better way to celebrate the Dragon Boat Festival than with my team and the rest of Hong Kong and Asia," said Shirleen Ho, 41, a member of the Australian National Dragon boat team. While dragon boat originated in China's southern Lingnan region more than 1,000 years, the modern version began in Hong Kong, a special Chinese administrative region, around 40 years ago. The competition is one of many events the Hong Kong government is holding to boost tourism and reinvigorate its economy after sealing its borders for more than two years.

Persons: Tung Ng, Tyrone Siu, Shirleen Ho, Joyce Zhou, Farah Master, Jacqueline Wong Organizations: REUTERS, Hong Kong China Dragon Boat Association, Australian National, Hong, Thomson Locations: Aberdeen, Hong Kong, China, Tyrone Siu HONG KONG, Hong, Hong Kong China, Taiwan, Asia, China's, Lingnan, Victoria, British

☆ How a WWII diary led to an unlikely friendship spanning decades and continents
▼ + stars: | 2023-06-22 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —David Bellis first visited Hong Kong as a tourist in 1989. She spent more than three years in an internment camp in Stanley, now a tourist-friendly seaside area of Hong Kong. But little did she know, her wartime diary would lead to an unlikely friendship with another Hong Kong resident – Bellis. An avid history lover, Bellis collects old Hong Kong photos and shares his discoveries on his Gwulo website. But in her 90s, you know, she was still teaching us about old Hong Kong and she had (another) book published.

Persons: Hong Kong CNN — David Bellis, “, ”, he’s, Barbara Anslow, Anslow, Kerry Maddison, Maureen Rossi, Anslow’s, Stanley internee, –, – Bellis, David Bellis, Bellis, Grace, loh, ” Bellis, Ross, “ I’d, Stanley, Barbara, Hong, ‘, she’d, ’ ”, David, Rossi, “ David, mum’s, “ We’d, ‘ David, there’s, ’, Gwulo Bellis, Maddison, Noemi Cassanelli Organizations: Hong Kong CNN, CNN, Naval, CNN Travel, Yahoo, “, Hong, Blacksmith, The Young Colonials, eBay Locations: Hong Kong, Australia, Wales, Sydney, England, British, Stanley, United Kingdom, Bellis, Anslow, Asia, Buckingham

☆ Removal of Covid curbs improved Hong Kong livability tremendously: EIU
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRemoval of Covid restrictions improved livability of Hong Kong 'tremendously': EIUSyetarn Hansakul, senior analyst at the Economist Intelligence Unit, says Asia-Pacific cities made some of the biggest gains in this year's Global Liveability Index, including Hong Kong, which has "moved quite a fair bit."

Persons: Hansakul Organizations: Economist Intelligence Locations: Hong Kong, Asia, Pacific

☆ Jack Ma reportedly proposed a restructure at Alibaba, and it has echoes of what's been happening at Meta
▼ + stars: | 2023-06-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Alibaba cofounder Jack Ma held a small group meeting with top company execs in May, per LatePost. Alibaba cofounder Jack Ma retired from the company in 2019, but he was back advising the company in late May, per LatePost, a Chinese media outlet. Ma held a small group meeting with executives from the company's e-commerce platforms Taobao and Tmall, LatePost reported on Monday, citing unnamed Alibaba employees. Ma suggested the two Alibaba e-commerce platforms cut out management layers, per the LatePost report. And on Saturday, Ma attended the finals of the Alibaba Global Mathematics Competition in Hangzhou, where Alibaba is based.

Persons: Jack Ma, Ma, LatePost, Alibaba, Mark Zuckerberg's, Michael Evans, Jack Organizations: execs, Meta, Michelin, University of Hong, CNBC Locations: Silicon Valley, China, Hong Kong, Singapore, Douyin, Bangkok, Thai, Hangzhou, University of Hong Kong, Japan, Tokyo

☆ Alibaba appoints Joseph Tsai, Eddie Wu to succeed Daniel Zhang as chairman and CEO
▼ + stars: | 2023-06-20 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Joseph Tsai, executive vice chairman and cofounder of Alibaba Group, will succeed Daniel Zhang as chairman, according to an announcement by the Chinese tech giant on Tuesday. Eddie Wu, chairman of Alibaba’s e-commerce platform Taobao and Tmall Group, will succeed Zhang as chief executive officer and replace him on the company’s board of directors. Following the transition, Zhang will continue to serve as the chairman and CEO of Alibaba’s cloud unit. “I am grateful for the trust of the Alibaba Group board of directors and am honored to succeed Daniel as Alibaba’s CEO,” he said. Zhang was appointed by Alibaba as CEO in May 2015, eight years after he joined the company.

Persons: Hong Kong CNN — Joseph Tsai, Daniel Zhang, Jack Ma, Eddie Wu, Zhang, ” Zhang, Wu, “, Daniel, ”, Alibaba, Ma, Masa Son Organizations: Hong Kong CNN, Alibaba, Alibaba’s, Tmall, Alibaba Cloud Intelligence Group, Ant Group, Alibaba Group, University of Hong Kong, University of Tokyo Locations: Hong Kong, Beijing, Japan, China

☆ China cuts two more key lending rates as economy sputters
▼ + stars: | 2023-06-20 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

The People's Bank of China has cut several key policy rates to bolster economic growth in the world's second-largest economy. The People's Bank of China cut two more key lending rates on Tuesday for the first time in 10 months to prop up growth in the world's second largest economy. The Chinese central bank cut the one-year loan prime rate by 10 basis points from 3.65% to 3.55%, and trimmed the five-year loan prime rate by 10 basis points from 4.3% to 4.2% — for the first time since August. "On their own, 10bps cuts are too small to make a great deal of difference to monetary conditions, especially since market interbank rates are already below policy rates," Capital Economics' Julian Evans-Pritchard and Zichun Huang wrote in a note. "But the PBOC tends to use changes in policy rates as signaling tool, with the heavy lifting being done by other tools such as adjustments to reserve requirements and bank loan quotas," they added.

Persons: Julian Evans, Pritchard, Zichun Huang Organizations: People's Bank of, People's Bank of China, Country Locations: People's Bank of China, Hong Kong

Where can a Chinese buyer purchase top-end Nvidia (NVDA.O) AI chips in the wake of U.S. sanctions? A model similar to OpenAI's GPT would require more than 30,000 Nvidia A100 cards, according to research firm TrendForce. Nvidia's more advanced H100 chips, only on the market since March, appear much harder to come by. He added the premiums currently commanded by Chinese vendors for A100 and H100 chips could collapse in the future as many of the Chinese AI startups that were driving purchases would eventually withdraw from the market. ($1 = 7.8307 Hong Kong dollars)Reporting by Josh Ye in Hong Kong, David Kirton in Shenzhen and Chen Lin in Singapore; Additional reporting by Fanny Potkin in Singapore; Editing by Brenda Goh and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden's, OpenAI's, Ivan Lau, Hong, ByteDance, Vinci Chow, Charlie Chai, Josh Ye, David Kirton, Chen Lin, Fanny Potkin, Brenda Goh, Edwina Gibbs Organizations: Nvidia, SEG, Reuters, supercomputing, HK, U.S . Department of Commerce, China's, Information, Tencent Holdings, Taobao, Chinese University of Hong, Thomson Locations: HONG KONG, SHENZHEN, China, U.S, Shenzhen, Hong Kong, India, Taiwan, Singapore, Chinese University of Hong Kong, Shanghai

☆ HKEX CEO discusses the 3 aims of its new HKD-RMB dual counter model
▼ + stars: | 2023-06-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHKEX CEO discusses the 3 aims of its new HKD-RMB dual counter modelNicolas Aguzin, CEO of Hong Kong Exchange and Clearing, says the model aims to give more options to investors, among other things.

Persons: Nicolas Aguzin Organizations: Hong, Hong Kong Exchange Locations: Hong Kong

Hong Kong CNN —Hundreds of mourners attended a funeral on Sunday for a Hong Kong model whose grisly death earlier this year shocked the city, with floral tributes flowing in from loved ones, friends and celebrities alike. Abby Choi, a 28-year-old mother of four, went missing in late February until parts of her dismembered body were found by police in a rural village house. Hundreds of people dressed in black lined up outside the Po Fook Memorial Hall in a quiet suburb of Hong Kong just a dozen miles south of where her remains were found. Among those present at the funeral was her late husband Chris Tam, whose family founded a popular noodle chain in the city. Two others have been charged with assisting the ex-husband’s effort to escape, though they have been released on bail.

Persons: Abby Choi, Tok, Choi, Choi –, Chris Tam, Tam, Marie, Paola Bertrand, Hillion, Aaron Kwok, Hong, Alex Kwong, Anthony, Kwong Kau, Alex Kwong’s, Jenny Li Organizations: Hong Kong CNN Locations: Hong Kong, Paris, Choi’s

☆ Alibaba founder Jack Ma gives first class as visiting professor at University of Tokyo
▼ + stars: | 2023-06-19 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Alibaba founder Jack Ma gave a lecture as a visiting professor to the University of Tokyo, as the high-profile Chinese entrepreneur retreats further from his business empire following Beijing’s regulatory crackdown. His return was a symbolic move and probably a “planned media event” by Beijing intended to appease private sector fears, according to analysts. In April, the University of Hong Kong announced that Ma would join its business school for the next three years. Ma became a professor at the University of Tokyo on May 1, and his period of stay is until October 31, a profile page of Ma shows. Beijing needs the private sector more than ever to shore up growth and create jobs.

Persons: Hong Kong CNN —, Jack Ma, Ma, –, Masa Son, Ma chatted, Xi Jinping, Li Qiang Organizations: Hong Kong CNN, University of Tokyo, Alibaba Group, University of Hong Kong, Damo Academy Locations: Hong Kong, Japan, China, India, Malaysia, Shanghai, Beijing, Spain, Hangzhou

☆ Hong Kong's new dual counter scheme 'solidifies' city's role as yuan trading hub, HKEX CEO says
▼ + stars: | 2023-06-19 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

HONG KONG, CHINA - JUNE 05: A pedestrian walks by an electronic screen displaying the numbers for the Hang Seng Index on June 5, 2023 in Hong Kong, China. The dual counter model covers securities listed in both Hong Kong dollar and renminbi counters only. The Hong Kong Exchange said all shares of the same securities in the two different trading counters will be "fully interchangeable between counters." The HKEX CEO noted that the initial batch of 24 companies make up about 40% of the average daily trading volume in the Hong Kong. Not the first tryThis is not the first time that such a scheme is being introduced in Hong Kong.

Persons: Chen Yongnuo, Nicolas Aguzin, Aguzin Organizations: China News Service, Getty Images, Getty, Hong Kong, Companies, Baidu, Hong Kong Exchange, Hong Kong Exchanges, Investments, Connect, Stock, Stock Connect, Reuters, Bloomberg Locations: HONG KONG, CHINA, Hong Kong, China, renminbi

Islamabad and New Delhi CNN —Tropical Cyclone Biparjoy has made landfall in India’s western Gujarat state, close to the Pakistan border, unleashing powerful gusts of wind that ripped up trees and toppled electricity poles. At landfall, Biparjoy was equivalent to a strong tropical storm with winds of 65 mph (100 kph), according to the Joint Typhoon Warning Center. Heavy rainfall warnings are expected to remain in place for northwest India through Saturday. Akhtar Soomro/ReutersBefore the storm, both India and Pakistan implemented mass safety measures to ensure minimal damage and loss of life. A man rides a motorcycle through a waterlogged street in Mandvi before the arrival of cyclone Biparjoy in the western state of Gujarat, India, June 15, 2023.

Persons: Biparjoy, Akhtar Soomro, Francis Mascarenhas Organizations: New Delhi CNN —, Typhoon Warning, Reuters, Livestock, PIA, National Disaster Management Authority, Residents, Getty, Shenzhen Institute of Meteorological, Chinese University of Hong Locations: Islamabad, New Delhi, India’s, Gujarat, Pakistan, India, Sindh, floodwater, Mumbai, Karachi, Mandvi, Pakistan's Sindh, AFP, Chinese University of Hong Kong, Asia

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