DIRS.INFO The most relevant business & tech news

Forty-seven pro-democracy figures in Hong Kong have been accused of a conspiracy to commit subversion in a landmark political case. Benny Tai, 58, was a professor of law at the University of Hong Kong. Pro-democracy primary Pro-democracy candidates held a primary vote ahead of the upcoming Legislative Council election. The 47 defendants helped organize or participated in this event. New election rules announced China announced new rules for Hong Kong elections, limiting candidates to only those deemed loyal to Beijing.

☆ Hong Kong's cenbank raises interest rate after Fed hike
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Feb 2 (Reuters) - The Hong Kong Monetary Authority (HKMA) raised its base rate charged through the overnight discount window by 25 basis points to 5.0% on Thursday, hours after the U.S. Federal Reserve delivered a rate hike of the same margin. Hong Kong's monetary policy moves in lock-step with the United States as the city's currency is pegged to the greenback in a tight range of 7.75-7.85 per dollar. "Rate hikes in the U.S. will not affect the financial and monetary stability of Hong Kong," HKMA chief executive Eddie Yue told a media briefing, adding monetary and financial markets continue to operate in a smooth and orderly manner. "The rate hike cycle in the U.S. has not yet completed, the Hong Kong dollar interbank rates might remain at elevated levels for some time," Yue said. Hong Kong is facing risks from high inflationary pressure and aggressive monetary tightening in advanced economies.

☆ China PMI: economic activity expands for the first time in months as Covid 'exit wave' ends
▼ + stars: | 2023-01-31 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Economic activity in China has expanded for the first time in four months as disruptions caused by the abrupt end of its zero-Covid policy appears to be fading. The official non-manufacturing PMI, which tracks activity in the services and construction sectors, surged to 54.4 in January from 41.6 in December, also marking its first expansion in four months. This is a sign that China’s Covid “exit wave” is coming to an end, said analysts from Nomura in a research report. The official PMI survey mainly covers larger businesses and state-owned companies. Zhu Wanchang/VCG/Getty ImagesChina scrapped most of its pandemic restrictions in early December, effectively ending its three-year-long zero-Covid policy.

☆ Hong Kong businesses cheer China reopening, but warn there’s a long way to go
▼ + stars: | 2023-01-12 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Kiki Yang brought an empty green suitcase from Shenzhen to Hong Kong this week to load up on new purchases for her family and friends. On Sunday, residents of Hong Kong and mainland China were permitted to resume two-way, quarantine-free travel after three years, albeit in limited numbers. Sa Sa, which counts Hong Kong and Macao combined as its top market, has seen sales roughly halve since 2019. The move is the latest effort by Hong Kong to rebuild its status as a global business hub. Currently, as part of a gradual reopening, Hong Kong has a quota of 60,000 visitor arrivals from mainland China each day.

"We had such a hard time, and I would rather have more Chinese people come than the government restricting their entry so I can do business." "Tour bus operators who have had their vehicles idly parked for over three years are now gearing up for (bus) inspections," said Thai Tour Bus Association President Wasuchet Sophonsatien. Thailand, Japan, the United States, South Korea, Australia, Macao, Singapore, Hong Kong and Taiwan were the most-searched destinations. Yue Hua Entertainment Korea, which manages Tempest, did not respond to a request for comment. "The pandemic outbreak on the mainland is still vigorous and needs time to recover, while domestic consumption remains weak on the mainland."

☆ Hong Kong c.bank raises rates after Fed hike, HSBC follows
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Dec 15 (Reuters) - The Hong Kong Monetary Authority (HKMA) said on Thursday it would raise its base rate charged through the overnight discount window by 50 basis points to 4.75%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin. read more"Rate hike in the U.S. will not affect the financial and monetary stability of Hong Kong," HKMA Chief Executive Eddie Yue told reporters. HSBC Holdings tracked the rate hike saying it was raising its best lending rate in Hong Kong by 25 basis points to 5.625% effective Dec. 16. The market generally expects the U.S. dollar interest rate to continue to rise and together with increase Hong Kong dollar funding demand driven by seasonal requirements and the local stock market, the Hong Kong dollar interbank rates might remain at elevated levels for some time, HKMA said. Hong Kong's private home prices have fallen 10.5% in the first 10 months of this year with October prices down 2.4% in the biggest drop since November 2018, hit by rising interest rates and a pessimistic economic outlook.

☆ U.S. Bank Regulator’s Climate Push About Mitigating Risk, Not Steering Policy, Official Says
▼ + stars: | 2022-12-06 | by ( Richard Vanderford | ) www.wsj.com time to read: +2 min

A U.S. bank regulator’s push to have institutions consider their climate risks isn’t a bid to force them to fund a low-carbon future, an official said. The Office of the Comptroller of the Currency doesn’t want to steer banks to embrace particular climate views, Yue (Nina) Chen, the OCC’s recently appointed chief climate risk officer, said Tuesday. “OCC’s focus is on risk management,” she said. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. “Banks need to dedicate resources to identify, measure, manage and monitor climate-related financial risks,” she said.

As the coronavirus has spread in China, Beijing has imposed prolonged lockdowns in several places. The stringent COVID-19 measures also stoked rare street protests across many cities over the weekend. Reuters GraphicsThe sub-indexes for manufacturing PMI including output, employment and suppliers' delivery times all shrank in November at a faster pace than the month before, the data showed. The official manufacturing PMI largely focuses on big and state-owned firms. The private sector Caixin manufacturing PMI, which centres more on small firms and coastal regions, will be published on Thursday.

☆ Departing Twitter employees share bittersweet photos of laptops covered with blue bird stickers and other company memorabilia
▼ + stars: | 2022-11-18 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +2 min

More than half of Twitter's remaining staff appear to have chosen to leave the company, Insider reported. Some took to Twitter to post bittersweet photos of company laptops emblazoned with blue bird stickers. Some stickers featured hashtags popular among Twitter staff such as #LoveWhereYouWorked and #OneTeam. In an email earlier this week, Musk ordered all Twitter employees to commit to his "extremely hardcore" vision for Twitter by clicking a sign up-link before 5 p.m. Here are some of the best laptop pictures posted by departing Twitter employees:

☆ After Elon Musk fired Twitter staff for criticizing him, some remaining employees are hurriedly deleting Slack messages they fear he won't like
▼ + stars: | 2022-11-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Twitter staff are removing Slack messages they fear Elon Musk won't like, Platformer reported. This comes after the tech mogul fired some Twitter staff for criticizing him online. Engineers Eric Frohnhoefer, Sasha Solomon, and Ben Leib all appeared to be fired on Sunday and Monday for criticizing Musk. Platformer also reported that some of the fired employees had simply expressed sympathy with Frohnhoefer, Solomon, and Leib. Sources told The Times that some fired staff had shared news of Frohnhoefer's termination in internal chats.

☆ Easing Hong Kong's COVID curbs, opening China border top bankers' wish list -HKMA chief
▼ + stars: | 2022-11-07 | by ( Anne Marie Roantree | ) www.reuters.com time to read: +3 min

[1/5] Eddie Yue Wai-man, Chief Executive of the Hong Kong Monetary Authority (HKMA) poses for a picture during an interview with Reuters in Hong Kong, China November 4, 2022. Anti-government protests in 2019 and a national security law imposed by Beijing in 2020 have also clouded Hong Kong's image. The Hong Kong government has said it's working towards lifting COVID-19 rules. While Hong Kong's currency regime is under significant pressure, caught between the United States and China, Yue said the HKMA was prepared for worst-case scenario. "Hong Kong has a very unique advantage, which is the connection between the world and China ...

☆ Hong Kong Monetary Authority says it has no intention to change currency peg: HKMA's Yue
▼ + stars: | 2022-11-02 | 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 EmailHong Kong Monetary Authority says it has no intention to change currency peg: HKMA's YueHong Kong Monetary Authority's chief executive Eddie Yue says the HKMA has no intention to change currency peg, adding it's being upheld by the current interest rate arbitrage mechanism.

☆ Hong Kong Monetary Authority chief defends currency peg, says it brings stability
▼ + stars: | 2022-11-01 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +2 min

watch nowHong Kong Monetary Authority's chief executive has defended Hong Kong's currency peg, saying it helped see the city through some of its toughest economic challenges. The Hong Kong dollar has been pegged to the U.S. dollar since 1983, and trades within a narrow range of 7.75 to 7.85 Hong Kong dollars against the greenback. The HKMA intervenes when the Hong Kong dollar wanders outside the accepted range. Hong Kong economyIt would be up to the government to stimulate economic growth while the HKMA focuses its monetary policies on steadying the Hong Kong dollar against the greenback. The HKMA has since raised interest rates five times this year and earlier this year, bought Hong Kong dollars to stabilize the currency.

HONG KONG, Oct 31 (Reuters) - Hong Kong aims to restore its reputation as a global financial hub by playing host to a bevy of top Wall Street executives this week, defying critics who say a talent crunch and geopolitical tension will hobble its ambition. Alongside the main theme of "navigating through uncertainty", the summit is widely expected to focus on whether Hong Kong can remain a global financial centre after almost three years of border controls and pandemic restrictions. COVID-19 CONTROLSThe two-day summit, organised by the Hong Kong Monetary Authority (HKMA) - the de-facto central bank - has suffered at least two marquee participants dropping out after contracting COVID-19. Those who make it will look for reassurances of the city returning to pre-pandemic normalcy, making it easier for them to move talent to Hong Kong. Reporting by Scott Murdoch in Sydney and Kane Wu and Selena Li in Hong Kong; Editing by Sumeet Chatterjee and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ China's factory activity set to stall in October
▼ + stars: | 2022-10-28 | by ( Nelson Bocanegra | ) www.reuters.com time to read: +3 min

BEIJING, Oct 28 (Reuters) - China's factory activity likely showed no growth in October, with production hit by COVID-19 restrictions and as exports moderate on slowing global demand, a Reuters poll showed on Friday. read more"China's struggling growth trajectory is not just about COVID-related restrictions," said analysts at Oxford Economics in a research note. We forecast China's growth will average about 4%-4.5% over the next five years or so." The official manufacturing PMI, which largely focuses on big and state-owned firms, and its survey for the services sector, will be released on Monday. The private sector Caixin manufacturing PMI, which centres more on small firms and coastal regions, will be published on Tuesday.

☆ Wall Street titans to join Nov 2 summit in Hong Kong as COVID rules relaxed
▼ + stars: | 2022-09-29 | by ( Scott Murdoch | Donny Kwok | ) www.reuters.com time to read: +2 min

HONG KONG (Reuters) -The heads of some of the world’s top banks and asset managers will attend an investment summit in Hong Kong on Nov. 2, the city’s financial regulator said on Thursday, signalling a re-opening of the financial hub after strict pandemic-linked curbs. Goldman Sachs Group Inc CEO David Solomon, Citigroup Inc head Jane Fraser, Morgan Stanley boss James Gorman and BlackRock Inc President Rob Kapito will be among the speakers at the Global Financial Leaders’ Investment Summit, the Hong Kong Monetary Authority (HKMA) said. Hong Kong’s unrelenting COVID curbs have battered its economy and standing as a financial centre. Some banks had warned top bosses would not attend if any restrictions remained in place. HKMA Chief Executive Eddie Yue said on Thursday the final guidelines for those attending the summit were still being finalised.

☆ Hong Kong wins over Goldman Sachs and other bank CEOs after lifting strict Covid rules
▼ + stars: | 2022-09-29 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN Business —Hong Kong has finally secured commitments from some of the world’s biggest banks to participate in a long-awaited summit, as it seeks to reaffirm its status as a global financial hub. Under the current rules, travelers are free to move around, although they may not be allowed into restaurants or bars during the first three days of their stay. The summit was announced by Hong Kong Financial Secretary Paul Chan in February. Hong Kong is the base for JPMorgan’s Asia Pacific headquarters, as well as those of many other financial firms. Now, the conference will be an important part of the city’s efforts to show that it’s truly reopened for global business.

☆ De Ziua Limbii Chineze, află cine a stat la originile acestei limbi, dacă este într-adevăr atât de complicată și unde o poți învăța în Moldova
▼ + stars: | 2021-04-20 | by ( Onixmedia Srl | Corespondentă Din Liceu | ) diez.md time to read: +5 min

De Ziua Limbii Chineze, află cine a stat la originile acestei limbi, dacă este într-adevăr atât de complicată și unde o poți învăța în MoldovaLimba chineză este cunoscută ca una dintre cele mai complexe limbi și este adânc înrădăcinată în istorie existând de mii de ani. În data de 20 aprilie, sărbătorim Ziua Limbii Chineze, o zi în care vom răspunde la aceste întrebări și poate te vom convinge să o înveți. # MANDARINĂ (HAN/CHINEZĂ STANDARD)Mandarina este un dialect al limbii chineze vorbit în partea de nord a Chinei, inclusiv în zona capitalei Beijing. Ziua limbii chinezeZiua Limbii Chineze este sărbătorită în această zi pentru a onora personalitatea lui Cangjie. Cum poți învăța chinezaÎn Republica Moldova, poți să înveți și să promovezi limba chineză prin intermediul Institutului Confucius de la Universitatea Liberă Internaţională.

Persons: Împăratul Galben, cantoneza, Min ., Cangjie, Confucius Organizations: Limbii Chineze, Chineze, Kuomintang, Națiunile Unite, Universitatea Liberă Internaţională, Android Locations: Moldova Limba, Limba, Chinei, China, Malaysia, Singapore, Indonezia, Tailanda, Brunei, Filipine, Mongolia, cantoneza, Beijing, Cantoneza, Hong Kong, Macao, Shanghai, Taiwaneza, Taiwan, China continentală, Taiwanului, Republica Moldova, Memrise

Search resuls for: "Yue"

18 mentions found