The value of the assets solicited pales in comparison to their United States counterparts, where spot Bitcoin ETFs attracted nearly $4 billion in assets under management during their first week of debut and $4.5 billion in volume on Jan. 12 alone, the first day of trading on Wall Street.
Number of Hong Kong mortgage holders with negative equity soars to 20-year high, most since Sars epidemic
Hong Kong’s declining home prices dragged more mortgage borrowers into negative equity, putting them under greater financial strain as property prices show little prospect of rising amid a lethargic ...
SocGen Hong Kong traders left bank after unauthorised bets uncovered, source says
PARIS, April 30 (Reuters) - Two Hong Kong-based traders at Societe Generale (SOGN.PA) , opens new tab left the French bank late last year after the group uncovered a string of unauthorised bets made ...
Hong Kong shops shut amid post pandemic downturn
STORY: Jacky Yu is closing his Japanese gift shop in Hong Kong after 12 years. He has made the difficult decision to move it online. His store is located in the city's shopping district of Mong Kok, a ...
SocGen Hong Kong traders exit after unauthorised risky bets uncovered
Two Société Générale traders in Hong Kong left the group last year after the French bank discovered unauthorised derivatives trades that could have lost it money in a severe market downturn.
Deal Analysis: Lianlian Digitech’s HK$657.15m IPO
While a smaller size signalled a yet-to-rebound Hong Kong stock market, Lianlian is the first fintech firm to be approved by the CSRC since its registration-based new rules.
Hong Kong’s negative equity mortgage cases rise to 20-year high
Cases of negative equity in Hong Kong's residential mortgage loans rose 27% in the first quarter from the previous one to the highest in 20 years, the city's de facto central bank said. Hong Kong's ...
Hong Kong SMEs’ second-quarter business confidence shaky as consumer spending remains a concern
Hong Kong SMEs’ confidence in the second-quarter business outlook has improved slightly, but it remains well below the year-earlier level when confidence soared on the back of border reopening, survey ...
Hong Kong businesses shut shop as city struggles to revive post pandemic
When Jacky Yu, 48, opened his Japanese gift shop in Hong Kong more than a decade ago, the tourist and shopping district of Mong Kok was a bustling hub packed with stalls, street food and tourists.
HSBC CEO announces surprise retirement
HSBC has announced its chief executive Noel Quinn will retire — a surprise departure by its hard-nosed leader of five years who has overseen a sweeping series of asset sales across the globe.
HSBC Chief Quinn, architect of sweeping overhaul, announces surprise retirement
HSBC said on Tuesday its Chief Executive Noel Quinn will retire - a surprise departure by its hard-nosed leader of five years who has overseen a sweeping series of asset sales across the globe. The ...
Hong Kong stocks are back from the dead. Here’s why
Hong Kong’s benchmark Hang Seng Index has surged more than 7% in April as the best-performing major index in the world. It’s now heading into a bull market, rebounding nearly 20% from its January low.
PetroChina profit boosted by stronger gas sales and fuel demand
China's top energy producer PetroChina , posted a 4.7% rise in first-quarter net income on Monday helped by growth in natural gas and a recovery in fuel demand.
Extension of business visas double delight for recovering Hong Kong
Holders of documents in mainland China will be able to enjoy 14 days from next week, and talent scheme will be expanded to Beijing and Shanghai.