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Month: February 2024

Posted on 08/02/2024

Hong Kong among first to propose crypto reserve requirements for banks aligned with new international standards

HKMA issues consultation paper on adopting reserve requirements for cryptoassets proposed by the Basel Committee in 2022 Rules require no changes for tokenised traditional assets at authorised ...

Posted on 08/02/2024

Hong Kong stocks slide on Alibaba’s earnings miss while China’s deepening deflation spooks investors

Hong Kong stocks fell, trimming a weekly advance, after a government report showed deflation in China’s consumer and producer prices deepened. Alibaba Group’s quarterly earnings trailed expectations, ...

Posted on 08/02/2024

Alibaba shares sink after it shelves IPO plans for two units

Shares in Alibaba sank as much as 7% in Hong Kong on Thursday, after the Chinese tech giant reported disappointing sales figures and announced it would suspend listings plans for two of its units.

Posted on 08/02/2024

Meet Hong Kong’s ‘Flower Granny’ artist, 92 – the city’s answer to Yayoi Kusama – for whom the world is her canvas

Fapopo started painting at 80 and her colourful motifs adorn thousands of everyday objects. We visit the home of Hong Kong’s ‘Flower Granny’, who is often compared with Japanese artist Yayoi Kusama.

Posted on 08/02/2024

Soccer-China says Messi’s absence in Hong Kong match beyond ‘realm of sports’ as fury builds

HONG KONG (Reuters) -Chinese state media, Hong Kong politicians and some fans swiftly condemned Argentine player Lionel Messi's participation in a match in Japan on Wednesday after staying on the ...

Posted on 08/02/2024

Lionel Messi: outcry in China and Hong Kong after star returns from injury in time for Japan match

Hong Kong fans need answers over missed fixture, government says, amid online furore over Inter Miami tour ...

Posted on 08/02/2024

China’s VC playbook is undergoing a sea change as U.S. IPO exits get tougher

The Chinese venture capital world that once hoped for giant U.S. IPOs similar to Alibaba's is changing drastically. Geopolitics, slower growth and regulation are forcing VCs in China to look for ...

Posted on 08/02/2024

Alibaba Chairman Says ‘Not In A Hurry’ For Cainiao, Freshippo IPOs Due To ‘Challenging Market Conditions

Alibaba Group has decided to put the IPOs of its logistics arm Cainiao Smart Logistics and brick-and-mortar chain Freshippo on hold due to challenging market conditions.

Posted on 08/02/2024

Outcry in China and Hong Kong after Lionel Messi returns from injury in time for Japan match

Hong Kong fans need answers over missed fixture, government says, amid online furore over Inter Miami tour ...

Posted on 08/02/2024

Year of the Dragon: Hong Kong banks use e-lai see to promote digital payment services, sign up new customers

Hong Kong banks are going all out to promote e-lai see, as sending and receiving lucky money electronically is fast rivalling the traditional practice of handing out red envelopes with money.

Posted on 08/02/2024

Hong Kong needs local law to boost national security

And since Hong Kong's existing laws such as the Crimes Ordinance and the Official Secrets Ordinance are yet to be fully enforced, it is necessary to enact a BL23 law to ensure the implementation of ...

Posted on 08/02/2024

Funding cuts, cancelled shows leave Hong Kong arts groups guessing about ‘red lines’ caused by national security law

Arts Development Council pulls support from annual awards show, Education Bureau blocks venue for theatre productions Arts practitioners worry about creative freedom and lack of opportunities to ...

Posted on 08/02/2024

Hong Kong’s Messi backlash says more about digital fandom than football

The meltdown was a revealing moment for the game as global entertainment — and its vulnerability to social media ...

Posted on 08/02/2024

China says Messi’s absence in Hong Kong match beyond ‘realm of sports’ as fury builds

Chinese state media, Hong Kong politicians and fans swiftly condemned Argentine player Lionel Messi's participation in a Japan match on Wednesday after staying on the bench just days earlier in a ...

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