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Category: BUSINESS

Posted on 25/04/2024

Crypto spot ETFs to start trading in Hong Kong on April 30

Hong Kong’s Securities and Futures Commission (SFC) has officially approved the launch of the crypto spot exchange-traded funds (ETFs), further expanding the range of digital assets available to ...

Posted on 25/04/2024

Hong Kong’s treasurer tells visiting UK minister that BN(O) passport not recognised for early pension withdrawal

Hong Kong’s treasury chief, in a meeting with a visiting UK minister, has reaffirmed that emigrants who want to withdraw their pensions from the city’s official fund cannot use their British National ...

Posted on 25/04/2024

Hong Kong stocks jump to five-month highs on earnings optimism as China earnings kick into high gear

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

Posted on 25/04/2024

Hong Kong stock exchange operator HKEX picks former securities watchdog head Carlson Tong as chairman

Carlson Tong Ka-shing, a veteran accountant and former head of the city’s market regulator, will work with CEO Bonnie Chan, as the exchange grapples with low market turnover and a decline in new ...

Posted on 25/04/2024

China Approves Self-Driving Startup’s U.S. Listing Amid Signs of Easing Rules

China’s securities regulator gave self-driving startup Pony.ai the nod to list in the U.S., in a sign that Beijing’s grip on companies seeking to raise capital overseas may be easing.

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 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 ...

Posted on 24/04/2024

Past winner of Hong Kong tech competition deploys seafaring bots to tackle ocean pollution

The co-founder of Hong Kong-based marine tech start-up Clearbot, a past winner, says City I&T Grand Challenge funding enabled it to scale up.

Posted on 24/04/2024

Hong Kong bourse operator’s Q1 profit down 13% on weaker listings, trading

Hong Kong's bourse operator on Wednesday reported a narrower than expected 13% drop in first-quarter profit, as sluggish trading and muted listing activities weighed on its businesses.

Posted on 24/04/2024

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

Ping An Insurance reported growth in its new-business values, a gauge of future profitability, which beat estimates in the first quarter Goldman Sachs and UBS have upgraded their assessment of Chinese ...

Posted on 24/04/2024

Hong Kong stock exchange operator HKEX sees profit slip 13 per cent as lower turnover, fewer listings weigh

Net profit for the January-to-March period came in at HK$2.97 billion (US$380 million), or HK$2.35 per share, which was better than a consensus estimate for a 14 per cent decline to HK$2.79 billion.

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