Connect to share and comment

Hong Kong shares end 0.11% higher

Hong Kong shares edged up 0.11 percent on Wednesday after China released data showing the economy grew slightly more than expected in the first three months of the year. The benchmark Hang Seng Index ended up 24.75 points at 22,696.01 on turnover of HK$54.49 billion (US$7.03 billion). In China the benchmark Shanghai Composite Index gained 0.17 percent, or 3.52 points, to 2,105.12 on turnover of 75.1 billion yuan ($12.1 billion).

China shadow looms large over bid to scrap Tiananmen crackdown museum in Hong Kong

By Grace Li and Alice Woodhouse HONG KONG (Reuters) - A planned museum dedicated to the brutal crackdown on China's Tiananmen Square pro-democracy protests has run into a legal challenge in Hong Kong that some say is motivated by pro-China interests ahead of the 25th anniversary of the bloodshed. The former British colony of Hong Kong returned to Chinese rule in 1997 but remains a free-wheeling, capitalist hub whose annual candlelight vigils on June 4 set it apart from mainland China where all public commemorations are banned.

Top Hong Kong businessman sells $928 mn Beijing property

A company led by top Hong Kong businessman Richard Li said it has sold a landmark Beijing property for more than $900 million, fuelling speculation about the motive for Chinese property sales by his family. Pacific Century Premium Developments (PCPD) -- a firm chaired by Li, the younger son of Asia's richest man Li Ka-shing -- signed an agreement Tuesday to sell Pacific Century Place for $928 million, the firm said in a statement filed with the Hong Kong stock exchange.

Hong Kong, China stocks end higher

Shares in Hong Kong and China rallied on Tuesday on hopes Beijing will unveil new measures to boost the mainland economy after last week's mini-stimulus. In Hong Kong, the benchmark Hang Seng Index rose 0.98 percent, or 219.82 points, to 22,596.97 on turnover of HK$73.87 billion (US$9.53 billion). In China the benchmark Shanghai Composite Index jumped 1.92 percent, or 39.45 points, to 2,098.28 on turnover of 108.0 billion yuan ($17.4 billion).

Hong Kong stocks end 0.59% lower

Hong Kong shares sank 0.59 percent Monday following heavy losses on Wall Street, despite a healthy US jobs report. The benchmark Hang Seng Index lost 132.93 points to end at 22,377.15 on turnover of HK$57.61 billion (US$7.43 billion) compared with HK$62.04 billion traded Friday. On Friday the US Labor Department said the American economy added 192,000 jobs in March -- just below forecasts of 195,000 -- while the unemployment rate held steady at 6.7 percent.

China warns US against 'interference' in Hong Kong

Beijing warned the United States on Monday against interfering in Hong Kong's affairs after US Vice President Joe Biden met with two of the city's outspoken pro-democracy campaigners last week. In an unusually high sign of support, Biden attended talks at the White House on Friday with Martin Lee, a founder of Hong Kong's opposition Democratic Party, and Anson Chan, former number two in the city's government. Biden "underscored our long-standing support for democracy in Hong Kong", the White House said in a statement.

China warns U.S. not to meddle in Hong Kong over democratic reform

HONG KONG (Reuters) - China has cautioned the United States not to interfere in Hong Kong affairs after Vice President Joseph Biden met two prominent pro-democracy advocates who have warned of Beijing's tightening control of the territory, state news agency Xinhua said. A former British colony that reverted to Chinese rule in 1997, Hong Kong enjoys considerable autonomy and broad freedoms as a capitalist hub.

Biden backs Hong Kong democracy in activist meeting

US Vice President Joe Biden called Friday for democratic rule in Hong Kong as he met with two outspoken activists from the semi-autonomous Chinese metropolis. In an unusually high sign of support, the White House said Biden stopped by talks at the White House with Martin Lee, a founder of the opposition Democratic Party, and Anson Chan, the former number two in the Hong Kong government.

Indonesian maid to return to Hong Kong to help torture probe

An Indonesian maid allegedly tortured by her Hong Kong employer will return to the city next week for a medical examination to help bolster the investigation in the case that sparked angry protests, officials said Friday. Erwiana Sulistyaningsih, 23, was admitted to hospital in Sragen, on Indonesia's main island of Java, in critical condition after returning from Hong Kong in January where she allegedly suffered months of abuse.

U.S. congressmen decry China's failing promise for HK democracy

Two U.S. congressmen expressed concern Friday over the lack of freedom and democracy that Hong Kong was to have been entitled to enjoy after China's takeover of the British colony after they met with a pair of local pro-democracy icons, an advocacy group said.
Syndicate content