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Added on the 14/05/2021 14:00:00 - Copyright : EFE Inglés
President Trump is "displeased" with China over its proposed crackdown in Hong Kong, says Kayleigh McEnany the White House spokeswoman. It's "hard to see how Hong Kong can remain a financial hub if China takes over," McEnany tells a White House briefing, saying the warning comes directly from Trump. SOUNDBITE
Hong Kong, Oct 21 (EFE/EPA).- Hong Kong's flag carrier Cathay Pacific announced Wednesday it would lay off 5,900 employees and close low-cost subsidiary Cathay Dragon following corporate restructuring in response to the coronavirus's effect on aviation."The restructuring will enable the company to secure its future, so it can protect as many jobs as possible, whilst meeting its responsibilities to the Hong Kong aviation hub and its customers," the carrier said in a statement. (Camera: JEROME FAVRE). SHOT LIST: B-ROLL OF THE HEADQUARTERS OF CATHAY PACIFIC AIRWAYS, IN HONG KONG.
Hong Kong, Sep 21 (EFE/EPA).- Shares of British banking giant HSBC, listed at the Hong Kong stock exchange, on Monday closed at their lowest level since 1995 after multiple media outlets published reports about an investigation that revealed that the bank allowed millions of dollars to be transferred in fraudulent transactions. The bank's share price closed at HK$ 29.3 ($3.78) on Monday, a 52 percent slump compared to the beginning of the year and 81 percent lower than its highest level reached in 2007, just before the global financial crisis. The Hong Kong exchange witnessed HSBC shares lose 5.33 percent of their value within Monday. (Camera: JEROME FAVRE).SHOT LIST: GENERAL VIEW OF A HONG KONG AND SHANGHAI BANK (HSBC) BRANCH IN HONG KONG.
Shanghai (China), Jul 21 (EFE / EPA) .- (Camera: Aleksandar Plavevski) Ant Financial, a tech-financial subsidiary of Chinese e-commerce giant Alibaba, announced it is preparing simultaneous IPOs in the Hong Kong and Shanghai parks.FOOTAGE OF ALIBABA IN SHANGHAI.
The law firm at the centre of the biggest leak in whistleblower history, Mossack Fonseca, hosts its busiest office in Hong Kong says the International Consortium of Investigative Journalists. As Sara Hemrajani reports, offshore companies incorporated in offices in China and Hong Kong make up 29 percent of the law firm's active companies worldwide.