China Says It Can Boost Hong Kong Virus Testing by 20 Times

China aims to boost Hong Kong’s coronavirus testing capacity to 20 times its current ability, said the leader of a support team sent from Guangdong province to aid the city in its worst outbreak ever. The Chinese testing team of about 60 people will work with the Hong Kong government and three mainland Chinese testing […]

China Condemns Germany’s Hong Kong Extradition Suspension

Berlin (AP) — China has condemned Germany’s decision to suspend its extradition agreement with Hong Kong, accusing Berlin of a “serious breach of international law.” Germany’s foreign minister announced the suspension Friday following the disqualification of 12 pro-democracy candidates from legislative elections and a subsequent decision to postpone the elections. Hong Kong leader Carrie Lam […]

China’s Star Board a Serious Contender to New York, Hong Kong Markets

Just over a year after its inception, Shanghai’s tech-focused Star board is emerging as a serious alternative to markets like New York and Hong Kong for China’s startups seeking to go public. WM Motor Technology Co. is the latest high-profile company to weigh an initial public offering on Star’s platform, after Jack Ma’s Ant Group […]

U.K. Jobs Plan, Hong Kong Peg, Supply Chain Managers: Eco Day

Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: U.K. Chancellor of the Exchequer Rishi Sunak is set to unveil a 2 billion-pound ($2.5 billion) program to pay the wages of more than 200,000 young workers as he tries to pull the economy out of […]

U.S. Threat on Hong Kong Dollar ‘Self-Defeating’, Say Economists

The threat of U.S. action to undermine Hong Kong’s longstanding U.S. dollar peg is highly unlikely to become reality given the practical difficulties of pursing such a path and the damage it would do to U.S. interests, economists say. Economists reacted after a report that some advisers to President Donald Trump want the U.S. to […]

Hong Kong’s Rich Are Preparing for a Worst-Case Scenario

One Hong Kong businessman moved $10 million to Singapore and plans to transfer more. Another is eyeing London property, worried that prices in Hong Kong are too high. Well-to-do families across the city are opening offshore bank accounts and applying for alternative passports. While it doesn’t add up to an exodus just yet, Hong Kong’s […]

Kyle Bass Makes Audacious Bet on Hong Kong’s Currency Peg Collapsing

In this article Kyle Bass is going for broke on a currency trade that has burned bearish speculators for more than three decades. The Dallas-based founder of Hayman Capital Management is starting a new fund that will make all-or-nothing wagers on a collapse in Hong Kong’s currency peg, people with knowledge of the matter said. […]

China Trolls U.S. Over Protests After Trump Criticized Hong Kong

Chinese officials and state media needled the Trump administration over race-related protests and looting that have engulfed U.S. cities in recent days, after weathering criticism and threats from Washington over Beijing’s own moves to quell unrest in Hong Kong. China’s leaders recently moved to impose sweeping new national security legislation on the Asian financial hub […]