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NEW YORK/HONG KONG -- Private banking specialist VP Bank Asia's Hong Kong office will shut down after its chief executive officer and chief operations officer resigned Thursday, according to people with knowledge of the matter.
NEW YORK/HONG KONG -- Chinese deal activity in the U.S. for the first half of the year sank to the lowest since 2006 as fraught relations between the two countries fuel tighter scrutiny of Chinese companies and further decouple the two economies.
NEW YORK/HONG KONG -- U.S. law firms rapidly scaled back their mainland China offices this year amid a growing list of challenges including a worsening capital market, structural economic problems and geopolitical tensions.
HONG KONG -- Foreign missions in Hong Kong are moving to formally lodge concerns over new national security legislation, particularly vague provisions on state secrets and foreign interference.
HONG KONG -- U.S. Treasury officials pressed Chinese and foreign banks in Hong Kong this week to comply with new Biden administration sanctions on Russia's military industry as part of a global effort to turn up the heat on Moscow over its invasion of Ukraine.