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Month: September 2023

Posted on 19/09/2023

Chinese Stocks in Hong Kong Drop as Property Woes Sour Sentiment

Chinese stocks listed in Hong Kong began the week with losses as persistent concerns about the health of the property sector offset optimism spurred by signs of stabilization in some other parts of ...

Posted on 19/09/2023

Soft Start Predicted For Hong Kong Shares

The Hong Kong stock market on Monday ended the two-day winning streak in which it had gathered more than 170 points or 0.9 percent.

Posted on 19/09/2023

AI start-up Beijing Fourth Paradigm among 3 Chinese firms launching Hong Kong IPOs

The IPOs by Fourth Paradigm, cloud hospital platform Neusoft Xikang and mobile games operator ZX are aiming to raise as much as US$280 million in Hong Kong.

Posted on 19/09/2023

Hong Kong should look to Asean dual-listings to enhance stock market liquidity and foreign capital: trade council chief

Trade Development Council chairman Peter Lam, in Paris for one-day symposium, says business owners in Southeast Asia have interest in investing in city.

Posted on 19/09/2023

Chinese AI Company on U.S. Export Blacklist Launches IPO

A Chinese artificial-intelligence company on a U.S. export blacklist has started its initial public offering in Hong Kong. Beijing Fourth Paradigm Technology, which offers AI software for businesses, ...

Posted on 19/09/2023

Hong Kong targets tourists with HK$100 dining vouchers to spice up nighttime economy in campaign costing HK$1 million

Tourism Board chairman Pang Yiu-kai says 1 million vouchers, to be distributed from November and covering over 500 establishments, will help reinvigorate nightlife.

Posted on 19/09/2023

US Charges Hong Kong Based-Russian With Smuggling Military Technology to Russia

NEW YORK (Reuters) - A Russian man who has lived in Hong Kong has been taken into U.S. custody and charged with smuggling large quantities of American-made, military-grade microelectronics to Russia, ...

Posted on 19/09/2023

Hong Kong protests: 6 jailed for up to 5 years, 3 months for rioting near Polytechnic University during 2019 unrest

District Court judge sentences five men and one woman over ‘very violent’ stand-off between protesters and police.

Posted on 19/09/2023

Crypto firms cannot claim to be banks says Hong Kong SFC

Hong Kong's financial watchdog, the Securities and Futures Commission, has issued a stern warning that Crypto firms cannot claim to be banks.

Posted on 19/09/2023

Crypto Firms Mislead Public With ‘Bank’ Claims, Hong Kong Central Bank Warns

The Hong Kong Monetary Authority (HKMA) has issued a stern warning to cryptocurrency firms against using the term "bank" or describing their products as "deposits." ...

Posted on 18/09/2023

Hong Kong’s latest retail green bond offering receives ‘positive’ response in low interest rate environment

The notes, with a tenor of three years, will make an interest payment every six months and guarantee a minimum payment of 4.75 per cent, higher than last year's 2.5 per cent Locking in guaranteed ...

Posted on 18/09/2023

A crypto influencer was arrested in Hong Kong for a potential $128 million fraud involving 1,400 people

Police arrested Joseph Lam and five others on Monday for "conspiracy to defraud" investors, and nearly HK$1 billion could be involved.

Posted on 18/09/2023

Hong Kong influencer Joseph Lam arrested amid JPEX cryptocurrency investigation involving HK$34 million in assets

Hong Kong police have arrested influencer Joseph Lam Chok in connection with cryptocurrency trading platform JPEX, which is at the centre of an investigation by the force and the city’s financial ...

Posted on 18/09/2023

Mainland Markets Rise As Hong Kong Shorts Press Their Bets

Asian equities had a rough start to the week except for Mainland China, which outperformed the region while Japan was closed for the “Respect for the Aged Day” holiday.

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