Hong Kong’s de facto central bank said it received almost twice as many complaints related to banking fraud in the first nine months of 2023 as it did during the entire previous year. The Hong Kong ...
Hong Kong-based BC Technology Group Mulls Sale of Crypto Platform OSL
In the dynamic world of cryptocurrencies, Hong Kong’s BC Technology Group, a leading player in the ecosystem, is reportedly contemplating the sale of its digital asset platform, OSL. This platform, ...
Hong Kong-Based Crypto Exchange OSL’s Owner Weighing Sale at $128M Valuation: Bloomberg
BC Technology may elect to sell parts of OSL's business rather than the whole entity, according to the report, citing people familiar with the matter.
JUMPSTARTER 2023 Tech by the Harbour to Unveil in Hong Kong This November
Tech by the Habour to showcase startups through virtual reality, light and shadow, and robotics ...
Hong Kong consumer watchdog says complaints over cosmetic tattoos have doubled, warn of injury risk amid growing popularity
Consumer Council says semi-permanent tattoo procedures, such as eyebrow, eyeliner and lip microblading, pose infection risks and potential loss of vision Complaints have increased amid growing popularity of cosmetic tattoos,
Small investors demand tougher action against BNP Paribas, HSBC for illegal short selling
Small individual investors, angered by the recent illegal short selling practices of BNP Paribas and HSBC, have called for more stringent measures to prevent a recurrence, even in the face of ...
As Hong Kong’s currency peg marks 40th birthday with little fuss, some traders dither over its future
Hong Kong’s currency is marking the anniversary of its peg to the US dollar this week with little fuss. Swinging between a loss of 0.01 per cent and a gain of 0.05 per cent on its 40th birthday, the ...
Risk-Advisory Firms Decide Hong Kong Isn’t Worth It
U.S.-based Nardello and other investigation companies are moving employees out of the city as business dwindles and China cracks down.
Hong Kong: 11kg of suspected cocaine found in motorised wheelchair
Officials at Hong Kong International Airport have uncovered an estimated 12m Hong Kong dollars (£1.27m)-worth of suspected cocaine hidden in the cushions of an electric wheelchair. The 11kg haul was ...
Indonesian courier J&T Global aims to raise US$500 million via Hong Kong’s second biggest IPO of the year
Jakarta-based J&T will sell some 300 million shares at HK$12 per share, according to a filing on the Hong Kong Exchanges and Clearing Based on that valuation, J&T will have a post-issue market ...
Hong Kong’s Property Market Crisis: A Symptom of a Greater Chinese Real Estate Woe
The bustling city of Hong Kong, a bastion of free-market capitalism, is now facing an unexpected adversary: a significant downturn in the property market. In October, 60% of recorded cases have shown ...
Hong Kong stocks slip as market braces for new US tech curbs on China while worsening Israel-Hamas war saps risk appetite
Stocks retreat further from a five-week high as investors brace for new US curbs on technology exports to China. China’s economy slowed last quarter, according to forecasts before a government report ...
Citi, HSBC Become 1st Banks to Use HKEX Synapse Platform
Citigroup and HSBC became the first banks to use HKEX Synapse platform, a new integrated settlement acceleration platform for Shanghai- and Shenzhen-Hong Kong Stock Connects. Citigroup securities ...
As Hong Kong’s currency peg turns 40, analysts are divided if it should be aligned with the Chinese yuan instead of the US dollar
The peg was established when there was a crisis of confidence and it has provided monetary stability to the city for 40 years, HKMA boss says Hong Kong should not change the peg in a hurry, but it is ...