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Lawyers for Hong Kong government argue Beijing’s decision endorsing ‘co-location’ arrangement ‘as good as binding’ Appellants insist the set-up, which allows national laws to be enforced at the high-speed rail terminus in West Kowloon, violates the city’s mini-constitution Lawyers for the government, however, maintain any questions of constitutionality were cleared up when China’s top legislative body approved the scheme ....
Lenovo to sell CDRs in Shanghai, boosting Star Market’s pitch for China’s national champions to raise funds at home Georgina Lee [email protected] Lenovo, the world s largest personal computer maker, is seeking shareholders approval to sell Chinese depositary receipts (CDRs) in Shanghai, in a move that further opens the city s stock exchange for offshore companies to raise capital. The owner of the IBM Thinkpad laptop brand is seeking to issue 1.3 billion new shares, or 10 per cent of its enlarged capital, through CDRs, Lenovo said in a Tuesday announcement to the Hong Kong stock exchange, without specifying the amount raised. Based on Tuesday s closing price of HK$8.05 per share, Lenovo s CDR sale could raise up to HK$10.8 billion (US$1.4 billion). ....
Hong Kong police arrest four after barking dog foils attempt to steal safe from luxury home in Stanley Within 30 minutes of receiving the homeowner’s 2.19am call, police detained four men from mainland China in a taxi near Tai Tam Tuk Reservoir A source says the men had sneaked across the mainland border and are living in the city illegally ....
With businesses hammered by social-distancing measures, Hong Kong unemployment rate to rise again: government economist But while further Covid-19 relief measures can be expected in next month’s budget address, they will be of the targeted variety, says Andrew Au Hopes for recovery in 2021, meanwhile, hinge on global vaccinations and the city’s ability to piggyback on mainland China growth, webinar hears ....
Mass market and luxury home prices are expected to decline between 5 and 10 per cent in 2021, while grade A office rents are likely to fall by as much as 16 per cent. ....