China banned cryptocurrency trading in 2021 and Hong Kong turned frosty on the industry as a result, even though it was home to several early cryptocurrency businesses, including the now-bankrupt FTX.
Capital Markets: Hong Kong poised to make strong recovery
Since its borders reopened in January, Hong Kong has been focused on re-establishing itself as a prominent business hub and a connector between mainland China and the global financial community. This ...
Hong Kong protesters withdraw from organ donor register over mainland transplants
Hong Kong police are investigating a high number of withdrawals from the organ donor register in what is suspected to be a protest over a proposed transplant programme with mainland China.
Hong Kong Office Market Driven by Upgrading User Demand in 2023
According to JLL's latest Hong Kong Property Market Monitor Report, Hong Kong's Grade A office market is mainly driven by upgrading demand following more new office completions this year.
Alibaba Cloud to cut 7 per cent of staff, sending thousands of workers packing ahead of planned IPO
Alibaba’s cloud division is downsizing as it prepares to go public amid economic headwinds that pushed revenue down 2 per cent in the first quarter.
Exclusive: HSBC puts global footprint under fresh scrutiny, considers dozen exits
HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery ...
Hong Kong’s Cryptocurrency Guidelines – Reinforcing Financial Hub Status Amidst Challenges
Hong Kong's cryptocurrency guidelines are attempting to restore the financial hub status of the region by becoming more progressive.
HSBC and 4 other banks broke UK competition law with bond-trading communications: regulator
"HSBC refutes the CMA's allegations," a spokesperson for HSBC, the largest of Hong Kong's three currency-issuing banks, said. "We will continue to make our case to the CMA as appropriate whilst we ...
Exclusive-Asia-Focused HSBC Puts 12 Countries on Exit Watchlist
HSBC is reviewing a possible exit from as many as 1 in 5 of the countries the lender operates in to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his ...
Hong Kong’s trade frenzy begins! Discover the potentially eligible tokens
Hong Kong has allowed retail investors to trade crypto under its new rulebook for the sector, accelerating efforts to develop a digital-asset center even as the industry and regulators clash in other ...
ByteDance founder Zhang Yiming to fund tech startups
Persons familiar with the matter told Jiemian News the fund will focus on investing in novel tech startups. In May 2021, Zhang stepped down as CEO of ByteDance and passed on the position to his old ...
‘Chinese Ethereum’ Conflux Draws Spotlight as Hong Kong Welcomes Retail Traders
CFX tokens initially spiked in price after Hong Kong’s decision on retail investors, which some say could lure capital from Chinese investors.
Impact investing: profit-seeking ESG investments gain traction in Hong Kong as sustainability issues grab attention
Hong Kong can leverage its vibrant ecosystem for global family offices and asset owners and become a hub for impact investing, estimated at US$1.16 trillion globally, as sustainability awareness ...
Hong Kong’s ZA Bank floats virtual asset trading services
The virtual bank also mulls launching US stock trading services in due course. Hong Kong’s ZA Bank shared plans to introduce virtual asset trading services for retail investors in the near future. The ...