Chinese companies and tycoons rush to calm investors after SVB collapse sparks anxiety

hong kong CNN — The collapse of Silicon Valley Bank (SVB), which courted Chinese start-ups, has sparked widespread concern in China, where a series of founders and companies have rushed to appease investors claiming their exposure is insignificant or non-existent. SVB, which worked with nearly half of all venture capital-backed tech and healthcare companies in … Read more

Prioritizing continuity, China reappoints central bank governor

BEIJING (AP) — China reappointed Yi Gang as central bank chief on Sunday in a bid to reassure entrepreneurs and financial markets that it will show continuity at the top as other economic officials change during a period of turmoil. uncertainty in the world’s second largest economy. Yi, whose official title is Governor of the … Read more

Hong Kong asks: what to do with 40,000 empty Covid quarantine units in the event of a housing shortage?

hong kong CNN — Behind the gleaming skyscrapers and multimillion-dollar homes that have made this city the world’s most expensive real estate market lies a far less appealing parallel reality: one of the world’s seemingly most intractable housing crises. . Welcome to Hong Kong, where the average house sells well north of a million dollars … Read more

Travel updates for March 2023

Spring is almost upon us, which means that many people want to travel during spring break to take advantage of the mild weather or to take advantage of off-season travel discounts. There are relatively few restrictions on international travel that can impact travel. However, some popular pre-pandemic destinations may still be difficult to reach. As … Read more

Abby Choi: What an influencer’s death and dismemberment say about life in ‘safe’ Hong Kong

Content Warning: This story contains descriptions of violence that readers may find disturbing. hong kong CNN — Hong Kong’s postcard image is of glitzy skyscrapers against lush mountains, dim sum restaurants and investment bankers in suits. But in recent weeks, the international financial center has once again made headlines for something darker: the death of … Read more

Yao Ming caught in the crossfire as Chinese basketball team quits top league on eve of Covid reopening

CNN — The return of China’s top basketball league to its normal season format after years of Covid disruption has been marred by controversy after an abrupt no-show by one of its former championship-winning teams amid accusations of ill-treatment by his star player. The row has sparked a headache for Chinese Basketball Association (CBA) boss … Read more

Chinese stocks typically gain after congress meeting – what to expect

The Bund Bull in Shanghai on February 28, 2023. After three years of turmoil under the Covid pandemic, Chinese leaders are expected to set targets to get growth back on track. Bloomberg | Bloomberg | Getty Images Chinese onshore stocks often see a modest rally after the country’s party congress sessions, but economists and strategists … Read more

China eliminates ‘Western misconceptions’ from legal education

BEIJING (AP) — China has ordered closer adherence to the dictates of the ruling Communist Party and leader Xi Jinping on legal education, demanding that schools “oppose and resist Western misconceptions” such as the constitutional government, separation of powers and judicial independence. The order was dated Sunday, a week before the start of the annual … Read more

In-laws and ex-husband of model killed in Hong Kong appear in court

HONG KONG (AP) — The ex-husband and former in-laws of a slain Hong Kong model and influencer appeared in court Monday on charges of joint murder after police found parts of his body in a fridge . Ex-husband Alex Kwong, father Kwong Kau and brother Anthony Kwong have been charged with the murder of model … Read more

US states reconsider $230 million on restricted Lexmark and Lenovo products

Recent incidents with Chinese balloons built with off-the-shelf computer products have … (+) reignited the discussion about security in US state government. Getty The sight of a Chinese balloon breaching US airspace three weeks ago angered and worried many Americans, and rightly so. But they shouldn’t be distracted by a single high-profile incident of Chinese … Read more