Hints and tips:
...The move underscores the growing difficulties for global companies operating in a city that made its name as an international financial hub....
...Hong Kong scrapped hotel quarantine rules for visitors arriving in the city in September last year and lifted other pandemic-era restrictions in December....
...Asian and African insurer with a management team split between Hong Kong and Singapore, Prudential has retained a UK domicile, a joint listing in London and Hong Kong and a joint headquarters in the two cities...
...Following the 2019 pro-democracy protests in Hong Kong that led authorities to crack down on political expression, the UK introduced a visa scheme offering a pathway to citizenship to up to 5.4mn of the city...
...Singapore has asked the world’s biggest banks to avoid discussing the origins of the significant sums of money flowing into the city over the past year, as wealthy Chinese funnel billions into the Asian...
...Geopolitical tensions have also increased the city-state’s attraction as a neutral financial outpost and haven for global capital — including from China....
...It’s a really prominent role in a really prominent institution in this city where its stock exchange just has a big presence....
...[MUSIC PLAYING] Marc FilippinoKaye Wiggins is the FT’s Asian financial correspondent. Thanks, Kaye. Kaye WigginsThanks, Marc....
...kaye.wiggins@ft.com...
...Middleton, who grew up in the UK city of Leicester and in the late 1990s tried to set up a nightclub, has become one of the best-known names in Hong Kong’s restructuring world....
...Its “M-Terminal”, a free-to-use financial data website with a black background reminiscent of a Bloomberg screen, shows that stores in smaller cities are performing much worse than those in larger cities...
...But it requires Hong Kong liquidators to apply for approval to one of three pilot courts in Shanghai, Shenzhen or the south-east city of Xiamen....
...The move undercut a key source of investor enthusiasm for the city’s stock market....
...The Hong Kong government, HKEX’s biggest shareholder, said in August it was setting up a “task force” to make market liquidity “improvement proposals” to the city’s chief executive, John Lee....
...Goldman Sachs estimates the Gulf state could spend about $1tn by the end of the decade on sectors ranging from clean technology to mining and on its plan to build a futuristic city called Neom....
...Some of the world’s biggest audit and consulting firms are asking staff to use burner phones when they visit Hong Kong, a sign of the increasing difficulties global companies are facing in a city long known...
...Additional reporting by Kaye Wiggins and William Langley in Hong Kong Data visualisation by Andy Lin Letter in response to this article: Hong Kong has a back-seat driver, Singapore does not / From Andy...
...Hong Kong: International businesses operating in the city are finding it harder than ever to understand what they need to worry about, and how much, writes Kaye Wiggins....
...City authorities have in recent weeks removed some purchase constraints on first-time buyers....
...A common refrain in the City of London is that finance directors make the best boardroom chairs....
...In another response to the scandal, the UK’s top banks agreed in a meeting with City minister Andrew Griffith on Wednesday to offer customers 90 days notice of impending account closures, in place of the...
...The city-state’s neutrality is appealing as the US steps up its scrutiny of outbound capital to China....
International Edition