Senior party members previously alleged they had been told to disband or face severe consequences, including possible arrest.

HashKey Holdings Ltd., the operator of Hong Kong’s largest licensed cryptocurrency exchange, raised HK$1.6 billion ($206 million) after pricing its initial public offering toward the high end of the marketed range,

China and Hong Kong stocks slipped on Monday as a slew of lacklustre economic data and mounting default risks by property developer Vanke weighed on market sentiment. ** Both China's

These problems first took root as China prepared to assume control of Hong Kong from Britain, in 1997. Concerned that the transition would scare off foreign investors, Chinese leaders tried to woo real-estate tycoons and other business elites by giving them key roles overseeing the city’s future governance.

Hong Kong’s red-hot market for initial public offerings is set to close the year with its busiest month for listings in at least four years as companies rush to list their shares.