Bitcoin startup BTCC, China's first Bitcoin exchange, has been acquired by Hong Kong blockchain investment fund, the company said in a statement. The move comes amid the ongoing regulatory crackdown on cryptocurrencies by Chinese officials. The terms of ... ( read original story ...)
Hong Kong-based blockchain investment fund acquires bitcoin startup BTCC
BTCC, the company behind the longest-running bitcoin exchange, has announced its acquisition by a Hong Kong-based blockchain investment fund. The terms of the deal have not been disclosed yet. “Today’s acquisition is an incredible milestone for BTCC ... ( read original story ...)
HONG KONG: Happy Valley Wednesday selections
2 Golden Sleep ran well last start and can figure. #5 Daring Heart had things against last start and should be forgiven for that effort. RACE 4: THE HONG KONG FOOTBALL CLUB CENTENARY CUP #3 London Master drew wide last time out at Sha Tin and wasn’t ... ( read original story ...)
Why the Hong Kong bull market is set to run and run
Let’s start with the economics. International investors have long ... and the prices of Chinese stocks listed in Hong Kong. But the dreaded crisis has not materialised. Far from it – mainland authorities appear to have successfully engineered a soft ... ( read original story ...)
The First “Belt and Road International Food Expo (Hong Kong)” Seeks to Provide New Opportunities for Food Industries Around the World
HONG KONG–(BUSINESS WIRE)–The Belt and Road Initiative (BRI) provides a visionary blueprint for global economy in the 21st century, brings new opportunities to promote prosperity and development of emerging countries and economies along the scheme. ( read original story ...)
Hong Kong Golf Club helps to uphold city’s business-friendly image
In response to your article on the study to reclaim, for housing purposes, the land on which the Hong Kong Golf Club stands (“5,000 flats could be built on Hong Kong golf course, government study finds”, January 7), I wish to express my view from a ... ( read original story ...)
Hong Kong’s Exchange Fund posts best returns ever, thanks to global stocks rally
Hong Kong’s Exchange Fund, the city’s reserves and cash war chest for defending its currency’s value, has posted its best investment return ever, thanks to buoyant global stock markets. The Exchange Fund posted total returns of HK$252 billion last ... ( read original story ...)
Fintech startups: A comparison of Israel and Hong Kong
Israel is known as the ‘startup nation’ and more and more entrepreneurs there are turning their creativity to the FinTech arena. With the exception of Silicon Valley, Israel is the world’s top incubator for startups — and fintech is increasingly ... ( read original story ...)
As M&A deals for Hong Kong insurers triples in 2017, all eyes are now on MetLife
“The insurance market continues to be both appealing and a growth sector especially with regards to mainland related business. The trend for Hong Kong insurers to be takeover targets will continue,” Pogson said. MetLife Hong Kong is reportedly the ... ( read original story ...)
Design incubator boosts startups
I hope my video can be seen everywhere. Voiceover: Mr Lau teamed up with friends to launch a multimedia video production startup company in Hong Kong four years ago. They joined the Design Incubation Programme last year and received sponsorship to open an ... ( read original story ...)
Hong Kong activist banned from by-election in what pro-democracy party calls ‘payback’
HONG KONG (Reuters) - Hong Kong on Saturday banned a 21-year-old pro-democracy activist from running in a by-election in March, dealing a blow to the youth-led push for universal suffrage and prompting accusations of political interference. Agnes Chow ... ( read original story ...)
Money laundering and the fuss over ATM withdrawals in Hong Kong
Hong Kong banks have been hit by an unprecedented HK$20 billion per month surge in suspicious ATM withdrawals, exposing a loophole that could deal a blow to Beijing’s battle against illicit capital flight via its notorious underground banking system. ( read original story ...)
SCED: Hong Kong continues to play active role in WTO business (with photo)
Hong Kong will, as always, work closely with other Members of the World Trade Organization (WTO) to bring unfinished businesses to fruition as well as to pursue other initiatives that can reinvigorate the WTO, said the Secretary for Commerce and Economic ... ( read original story ...)
China’s top beauty app developer backs Hong Kong e-commerce start-up
HONG KONG -- China's beauty-enhancing app developer and smartphone maker Meitu is looking to boost revenues by expanding further into e-commerce, leading a $5 million funding round in Goxip, a Hong Kong-based online shopping platform. Juliette Gimenez, CEO ... ( read original story ...)