Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

ByteDance-Owned TikTok Was World’s Most Downloaded Social Media App in January
Weibo Shares Plunge on Lower-than-expected Earnings, Weaker 1Q Guidance
China’s Handset Shipments Plummet Nearly 40% in January
China Has More Billionaires Than U.S. And India Combined: Hurun Report
Didi to Launch Food Delivery Service in Japan
NIO Strikes Government Deal with New Headquarters and New Funding Plan
Daimler Slims Down China Venture in Global Cost Saving
U.S. Transport Agency Bans Employees From Using TikTok For Work
Huawei Launches New Foldable Smartphone, Targets Android Market with HMS
Industries Switch Up Production Processes to Use Byproducts to Produce Medical Supplies
China Plans to Mass Produce Driverless Cars by 2025 Later Than Previous Forecast
U.S. Companies Fluctuate on Wall Street as Covid-19 Hits Their 2020 Forecasts
Snack Shop Serves Up First IPO from Wuhan Since Covid-19 Outbreak Took Hold
Chinese AI Firm Laiye Secures $42 Million in Series C Funding Round
Japan’s Finance Minister Expresses Concerns Over China’s Digital Yuan
U.S. Allows China’s iFlyTek to Resume Purchases of American-Made Medical Products During Outbreak
China Accounts For Nearly Half of All Global 5G Smartphone Shipments in 2019: Research
Xiaomi-Backed Smart Home Cleaner Maker Raises $641 Million in Shanghai IPO
Foxconn Allows Henan Workers to Return to Its Zhengzhou Complex
Alibaba-Owned Livestreaming Platform Taobao Live Sees Rapid Growth Amid Outbreak
Hong Kong Closes Banks, Extends School Holiday Amid Virus Fears

By Liu Yanfei, Zhao Zuoyan and Han Wei / Feb 01, 2020 05:04 AM / Finance

Photo: VCG

Photo: VCG


The Hong Kong authority ordered schools and kindergartens in the city to further extend the Lunar New Year holiday to March 2 as a way of limiting the spread of the deadly coronavirus.

The special region’s government previously postponed the resumption of school to Feb. 17 from Jan. 29. As of Friday morning, 12 coronavirus infections were confirmed in Hong Kong with 191 suspected cases under observation.

Meanwhile, 20% to 30% of bank branches in the Asian financial hub have suspended operations to prevent contagion.

Hong Kong Chief Executive Carrie Lam said the city faces a shortage of protective gear such as masks, and measures to reduce contact among people and limit gatherings will be an effective way to prevent the disease from spreading. The city government will evaluate the situation and decide whether the March 2 resumption of classes will be further delayed, Lam said.

The Hong Kong government also suggested that public servants work from home until Feb. 9 and told private companies and nongovernment employers to adopt more flexible work schedules.

Since Jan. 28, Hong Kong imposed travel restrictions to prevent a massive inflow from the mainland as the coronavirus outbreak spread quickly from the central Chinese city of Wuhan. As of Friday, the virus has infected nearly 10,000 people in China and spread to 20 countries.

According to Lam, the number of visitors entering Hong Kong from the mainland declined 91% between Jan. 16 and Jan. 30. Just 9.7% of visitors arriving in Hong Kong on Jan. 30 were from the mainland.

Related: Wuhan Virus Latest: U.S. Reports Its First Person-to-Person Transmission as Death Toll Passes 200

Share this article
Open WeChat and scan the QR code