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Asian shares stutter ahead of US presidential debate while oil dips

Asian shares were on the defensive, while oil prices edged lower on Monday (Sept. 28) as investors were cautious ahead of a U.S. Presidential debate and as coronavirus cases spike again in a blow to global economic recovery hopes.

Livestreaming promotes Hong Kong products to more mainland consumers

The show started at 7:30 p.m. local time Friday on various livestreaming platforms like Taobao, Douyin, etc, which drew an audience of 5 million within half an hour.

Chinese box office exceeds RMB 5.4 bn after cinemas reopen

A total of 150 million visits were made by Chinese moviegoers since the cinemas reopened on July 20, with the total box office of RMB 5.4 billion (US$800 million), according to a report released on Tuesday (Sept. 22).

China to be added to FTSE global bond benchmark in 2021

FTSE Russell will add Chinese government bonds to its flagship World Government Bond Index (WGBI) starting in 2021 and pending confirmation in March, the index provider said on Thursday.

Tesla sues US govt over tariffs on Chinese imports

Tesla Inc. has sued to stop the United States government from collecting tariffs on parts it imports from China for the manufacturing of its electric cars. Bloomberg reported that Tesla on Monday filed the suit concerning tariffs imposed by the Office of the U.S. Trade Representative (USTR) on imports from China in the U.S. Court of International Trade in New York.

Fresh IPOs 'vote of confidence' in HK

Hong Kong's bourgeoning market for initial public offerings since the National Security Law's implementation proves that the city remains competitive, business magnate Allan Zeman said on Wednesday (Sept. 23).

Ant 'plans US$17.5 billion Hong Kong IPO, no cornerstones'

Jack Ma's Ant Group Co. is seeking to raise US$17.5 billion in its Hong Kong share sale and won't seek to lock in cornerstone investors, confident there will be plenty of demand for one of the largest equity deals in the financial hub, according to people familiar with the matter.

Hong Kong Disneyland loses right to land near theme park

Walt Disney Co's Hong Kong Disneyland Resort lost an option to expand its site after local authorities decided not to renew an agreement with the amusement park to develop a neighboring plot of land.

TikTok asks judge to block US from banning app download

TikTok's parent company, ByteDance, has filed a lawsuit on Wednesday (Sept. 23) with the US federal court to ban Washington from removing TikTok from the US app store starting Sunday, saying the authorities are not really concerned about national security, but rather political considerations related to the November's election.

HK needs to gear up for RMB internationalization: HKEX chief

Hong Kong Exchanges and Clearing Limited (HKEX) Chief Executive Charles Li Xiaojia said on Tuesday (Sept. 22) that Hong Kong has to be prepared to support the internationalization of Renminbi (RMB).

'Future bright for Cathay, despite few passengers'

A logistics professor on Tuesday (Sept. 22) said Cathay Pacific has a good future ahead, despite having almost no air traffic and passengers.

US Department of Commerce to challenge judge's order blocking WeChat app store ban

The U.S. Department of Commerce said on Monday (Sept. 21) that it would challenge an order issued Sunday by a U.S. judge that blocked the department's order requiring Apple and Google to remove WeChat from their U.S. app stores.

HSBC ignored warnings on US$80mn suspect payments

HSBC has been accused of allowing international payments to accounts at its Hong Kong office that were linked to a suspected Ponzi scheme, despite being warned that they were suspicious.

China's catering industry to achieve restorative growth

As dinnertime approached, food aficionados began to form a long line at the entrance of a popular crayfish restaurant in Changsha, capital of central China's Hunan Province.

TikTok confirms proposed deal with Oracle, Walmart as US delays app store ban by one week

TikTok on Saturday (Sept. 19) confirmed that it has reached a proposed deal with U.S. companies Oracle and Walmart.
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