Yum China Holdings Inc. has raised HK$17.3 billion ($2.2 billion) in its Hong Kong listing, joining the growing ranks of U.S.-listed Chinese firms selling shares in the financial hub.
Hong Kong financial firms step up compliance hiring amid U.S. sanctions, security law
Financial firms in Hong Kong are scrambling to fortify their compliance operations following U.S. sanctions and China’s new national security law, even as the sector pushes to cut costs amid the …
Fast-food chain Yum China to raise over $2bn in Hong Kong listing
Yum China is set to price its secondary offering in Hong Kong at a slight discount to its US share price, putting the fast food-chain operator on track to raise more than $2bn. The company, which is …
U.N. experts decry Hong Kong security law in letter to China
U.N. human rights experts have told China a new security law for Hong Kong “infringes on certain fundamental rights” and voiced concerns that it could be used to prosecute political activists in the …
Yum China to raise $2.2 billion in Hong Kong secondary listing
The company had flagged it would sell 41.91 million shares in the deal and the price is a 4.8% discount to the stock’s Thursday closing price of $55.92 in the U.S.
New China law a ‘serious risk’ to Hong Kong’s freedoms: UN experts
China’s national security law for Hong Kong poses a serious risk to the city’s freedoms and breaches international legal obligations, UN special rapporteurs on human rights have warned.
Video: Hong Kong national security law leaves ‘Lennon Walls’ in restaurants blank, protest posters out
https://www.scmp.com/video/hong-kong/3092389/hong-kong-national-security-law-leaves-lennon-walls-restaurants-blank Get the latest insights and analysis from our Global Impact newsletter on the big …
In spite of strict cannabis laws, Hong Kong’s first CBD cafe is open for business
Though cannabis remains illegal in Hong Kong, one cafe owner is leading the way in the emerging CBD market. Here’s how Found has managed to skirt the city’s strict cannabis laws.
US stands with Hong Kong
While the world was distracted, Beijing escalated its threats against Hongkongers, eroded their autonomy, and removed their civil liberties. The newly implemented security law, which makes secession, …
Hong Kong’s public space problem
When Hong Kong tried to tackle its third wave of Covid-19 by banning diners from inside restaurants, authorities quickly encountered a problem. Some people had nowhere else to go. Photos started …