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Month: April 2024

Posted on 24/04/2024

China Market Update: Internet Stocks Lead Hong Kong Higher

Hong Kong had a strong night led higher by internet stocks on ... Southbound Stock Connect volumes were high as mainland investors bought $254mm of HK stocks and ETFs with Bank of China, Kuaishou, and ...

Posted on 24/04/2024

HSBC says growing Chinese wealth fuels client investments in US

"For most Asian investors, the first port of call is the U.S." The bank's focus on wealth comes at a time of simmering U.S.-China tensions. Dealmaking in Asia remains subdued, prompting some American ...

Posted on 24/04/2024

Hong Kong spot crypto ETFs to start trading next week

Hong Kong-listed spot bitcoin and ether exchange traded funds aim to start trading by the end of April, three companies that provide the products said in separate statements on Wednesday. The products ...

Posted on 24/04/2024

Hong Kong stocks jumps to two-week highs on earnings optimism as Ping An and HKEX advance

Hong Kong stocks rose for a third straight day after earnings optimism drove the benchmark Hang Seng Index to a two-week high.

Posted on 24/04/2024

CCCI invites Hong Kong businesses to invest in Chattogram region

Hajjaj also called upon the Hong Kong businesses to invest in the Bangabandhu Sheikh Mujib Shilpa Nagar, blue economy, agro processing and footwear sectors alongside building ships for fishing in the ...

Posted on 24/04/2024

Hong Kong’s Jimmy Lai thought his arrest would boost global attention, sales of Apple Daily, court hears

Paralegal Wayland Chan tells court Lai's right-hand man Mark Simon had discussed with him impact of mogul's arrest on efforts to instigate foreign intervention in Hong Kong affairs Chan said Simon ...

Posted on 24/04/2024

Hong Kong Spot Bitcoin and Ethereum ETFs to Begin Trading April 30

Trading for Hong Kong’s spot crypto ETFs will begin April 30, after the securities regulator formally signed off on their approval.

Posted on 24/04/2024

Hong Kong Approves Crypto ETFs With a Key Difference

Hong Kong's latest milestone in fashioning itself to be Asia's premier market for cryptocurrencies has the support of a group of unlikely supporters—traditional fund houses from mainland China, where ...

Posted on 24/04/2024

Google-Backed AI Firm Is Hong Kong’s Latest Stock Debut Flop

Mobvoi Inc., a Chinese artificial intelligence developer backed by Alphabet Inc.’s Google, dropped as much as 22% in its first day of trading in Hong Kong, marking the third stock debut to flop in the city this week.

Posted on 24/04/2024

Google-backed Chinese AI company Mobvoi sees stock tumble in Hong Kong IPO – report

Chinese AI company Mobvoi fell up to 22% on its IPO in Hong Kong on Wednesday, marking the third stock to tumble on debut in the city this week, Bloomberg News reported. Beijing-based Mobvoi, which is ...

Posted on 24/04/2024

Is There Light at the End of the Tunnel for Hong Kong?

Hong Kong’s stock market used to be the world’s top equity fundraising venue. Not anymore: In the number one spot as recently as 2019, it didn’t even break the top five in 2023 according to Dealogic.

Posted on 24/04/2024

Hong Kong lawmakers urge authorities to boost overseas confidence in city as they review budget

Lawmakers have urged the government to increase overseas confidence in Hong Kong in response to “smears” from foreign critics, as well as calling for it to step up explanation efforts for the city’s ...

Posted on 24/04/2024

Hong Kong’s Hang Seng hits 2024 high as traders warm to ‘un-investable’ China stocks

Hong Kong’s Hang Seng index jumped 2.2% Wednesday, to close at its highest since late November as a rebound in China-related stocks picked up steam. Hong Kong’s benchmark index which includes the ...

Posted on 24/04/2024

Hong Kong aims to become a digital asset hub

Hong Kong is now jumping on the cryptocurrency bandwagon and will list several cryptocurrency exchange-traded funds (ETFs ) based on the more successful attempts in the US. Hong Kong will pursue ...

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