Tuesday, July 7, 2020
Hundreds of people have joined a mass sit-in at Hong Kong International Airport Friday evening in a fresh round of anti-government protests designed to secure international backing for the movement. Organisers were expecting thousands to show up, and hoped police would respect what they said would be a peaceful...
When the Wuhan coronavirus first emerged, most payed it no mind. It was brushed-off as a minor issue that would be easily resolved. Unfortunately, it has now become apparent that this new virus is a lot more serious than we first believed it to be. With more and more...
China has unveiled a package of special policies for Hainan, including scrapping import duties, in an effort to turn the tropical island into the mainland’s answer to Hong Kong or Singapore and dampen the risk of decoupling with the United States.Beijing on Monday outlined its plan to...
COVID-19 vaccine could be ready by year-end, says China government body China's State-owned Assets Supervision and Administration Commission (SASAC) said that a Chinese-made coronavirus vaccine could be ready for market as early as the end of this year,  In trials, more than 2,000 people have received vaccines developed by the...
Chinese officials confirmed Wednesday that the number of people infected by a new form of coronavirus in the country has reached nearly 6,000, a total that surpassed the official cases tallied on the mainland during an outbreak of the severe acute respiratory syndrome (SARS) in 2002 and 2003. The...
Hong Kong economy shrinks for first time in a decade The Hong Kong economy's first recession in a decade deepened in the fourth quarter of 2019, weighed down by anti-government protests and the US-China trade war. Last year was the worst for Hong Kong's growth since 2009, when the financial...
China’s President Xi Jinping is enlisting the financial sector in a war against a virus outbreak that has killed more than 500, mobilising lenders, brokerages and fund managers to pump resources into stricken parts of the economy. Answering Beijing’s call, banks are rushing to offer virus-fighting loans at ultra-low rates,...
Thousands of Hong Kong lawyers stage rare protest urging end to political prosecutions during anti-gov’t demos Thousands of legal sector professionals staged their second “black clothes” march in two months urging for an end to political prosecutions, for the Department of Justice to retain its independence and for the government...
Airbus is restarting its assembly line in China. General Motors began limited production over the weekend. Toyota followed suit on Monday. Slowly, but surely, and with an air of caution, the workers of China are heading back to the factories and offices to try and reopen for business. Three weeks ago,...
MGM introduces financial assistance program for local SME vendors MGM China has announced the introduction of new relief measures for local SMEs, including a “Down Payment for Future Business” initiative and “14-day Fast-track Payment”, aimed at assisting those businesses facing financial difficulties due to the impact of coronavirus. The “Down Payment for...
The likes of Ant Financial, ByteDance and Xiaomi are looking to snag one of the licences issued by Singapore’s central bank this year. Analysts say the new players’ entrance will help innovate the Singaporean banking industry. The Monetary Authority of Singapore is issuing as many as five digital banking...
More than 80 percent of China's SMEs are facing cash flow problems, according to a report issued by Fudan-Ping An Research Institute for Macroeconomy under Ping An Digital Economic Research Center and the School of Economics, Fudan University. SMEs in China have always faced issues with financing, and the COVID-19...

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