A Hong Kong-based entrepreneur says that while the digital assets regulation is "overall friendly," banking regulations will make the industry's growth there difficult. ALSO: Bitcoin surges post-BlackRock iShares ETF filing but the rally sputters.
China calls European Parliament’s Hong Kong resolutions ‘publicity stunt’
China's Ministry of Foreign Affairs in Hong Kong said resolutions passed by the European Parliament on Thursday related to the Chinese controlled territory were a "despicable act" and "trampled" on ...
Stock Market News: Cava IPO, GameStop meeting, retail sales, SCOTUS on student loans
Investors continue to debate the impact of the Federal Reserve’s rate pause, retail sales rose in May even with inflation, GameStop’s annual meeting may shed more light on CEO firing and the Supreme ...
Hong Kong calls a recess on rate hiking spree in lockstep with US Fed, but tamps down on euphoria with a warning of remaining ‘risks’
The city's base rate remains at 5.5 per cent, said the Hong Kong Monetary Authority (HKMA), in lockstep with a similar pause by the US Federal Reserve HSBC, Bank of China (Hong Kong), Hang Seng Bank, ...
Wall Street Banks Are Reportedly Retreating from HK IPO Works of Several CN Firms
Wall Street Journal reported that overseas investors have lost confidence in China IPO deals, citing documents submitted to the HKEX (00388.HK). The documents revealed that Goldman Sachs (GS.US) has ...
Treasury Official Visited Hong Kong Amid Push for US-China Thaw
A senior Treasury Department official traveled to Hong Kong last week, in a sign of growing US efforts to revive engagement with China after a broader deterioration of relations between the world’s two largest economies.
Solowin to Offer 3.8 Million Shares in IPO
By Denny Jacob Solowin Holdings said Thursday it is offering about 3.8 million shares priced between $4 and $6 a share in its initial public ...
Hong Kong banks outperform on rate hikes
Despite the slowdown in global economic growth in 2022, banks in Hong Kong outperformed as they benefited from high lending rates.
Why Hong Kong wants more banks to accept crypto clients
The FT viewed an April letter sent to banks, including Bank of China, HSBC, and Standard Chartered, in which the HKMA said due diligence should not “create undue burden” to accepting crypto exchanges ...
Hong Kong central bank leaves interest rates unchanged, tracking Fed
The Hong Kong Monetary Authority (HKMA) on Thursday left its base interest rate charged through its overnight discount window unchanged at 5.50 per cent, tracking action by the U.S. Federal Reserve.Th ...
Investors need more details on Hong Kong’s mega technology-park project in Northern Metropolis, Colliers says
Without solid plans, investors are wary of taking first steps even though they are generally supportive of the ambitious 627-hectare San Tin Technopole project in the northern New Territories, ...
Hong Kong’s housing crisis: what you need to know about a new public-private partnership to tackle the problem
Housing minister Winnie Ho says developers could help boost construction capacity and efficiency, as well as unleash private land potential.
Hong Kong reiterates banks should support licensed crypto exchanges
Hong Kong's banking regulator said on Thursday it had, in April, asked lenders operating in the region to try and meet the business needs of licensed crypto exchanges, responding to a report saying ...
Hong Kong jumps over 2% as Asia investors digest the Fed’s hawkish pause in rate hikes
Hong Kong’s Hang Seng index rebounded and climbed over 2% powered by health care, consumer cyclicals and tech stocks. Mainland Chinese markets also rose, with the Shanghai Composite up 0.74% to end at 3,252.98, and the Shenzhen Component up by 1.81% to close at 11,182,94.