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COVID-19: HK boosts consumer support measures

Hong Kong Financial Secretary Paul Chan (陳茂波) outlined new support measures for consumers and the unemployed as an escalating COVID-19 outbreak takes a toll on the territory’s economy. The Hong Kong government would give HK$10,000 (US$1,282) in spending vouchers to eligible residents, Chan said in his budget speech yesterday, while also earmarking HK$20 billion for “other potential anti-epidemic” needs. The economy is being battered by an outbreak of the Omicron variant of SARS-CoV-2...
Hong Kong Nicolas Aguzin Pan Jingyi Paul Chan Morgan Stanley Hong Kong Exchanges Clearing Ltd

Rollercoaster Ride For Global Exchanges In January - FTSE Mondo Visione Index Down 2.2%

As investors digested updates from major central banks about the outlook for inflation and interest rates, the major markets suffered substantial corrections. In addition, geopolitical risks have also significantly influenced the market in the face of possible conflict in Ukraine. As a result, over 60% of the 34 constituents of the index ended the month in negative territory.
United Arab Emirates Hong Kong Tel Aviv Nairobi Area Dar Es Salaam South Africa

Rollercoaster Ride For Global Exchanges In January - FTSE Mondo Visione Index Down 2.2%

As investors digested updates from major central banks about the outlook for inflation and interest rates, the major markets suffered substantial corrections. In addition, geopolitical risks have also significantly influenced the market in the face of possible conflict in Ukraine. As a result, over 60% of the 34 constituents of the index ended the month in negative territory.
United Arab Emirates Hong Kong Tel Aviv Nairobi Area Dar Es Salaam South Africa

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China puts companies on cybersecurity testing before foreign IPOs

China's internet authority announced that new rules would take effect on February 15, requiring platform companies with more than one million users' data to undergo a security evaluation before offering their shares overseas. Beijing has taken yet another step in controlling and monitoring material on China's already heavily controlled internet.
Hong Kong Xiao Qiang Central Cyberspace Affairs Commission Chinese Cyberspace Administration Internet Information Office Unhealthy Information Reporting Center

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