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More Hong Kong Banks Set to Join Digital Yuan Pilot, Gov’t Confirms
Hong Kong’s government says more banks based in the country are preparing to join Mainland China’s digital yuan pilot.
JPMorgan, HSBC AM say Chinese stock investors should prepare for a long winter
“The overall sense is that the economy faces greater downside risks,” Caroline Yu Maurer, head of China and Hong Kong equities at HSBC Asset Management, said in an interview. The entire market’s ...
Another $18.9M Hong Kong exchange scandal, HTX ‘sorry’ airdrop: Asia Express
Hong Kong rocked by another $18.9 exchange fraud scandal, HTX offers airdrop in wake of $30M hack, digital yuan takes off in HK and China.
Hong Kong stocks cap four-month losing streak as weak China manufacturing adds to slowdown risk, fund outflows
Local stocks are headed for a fourth month of drop after an official report shows Chinese manufacturing contracted more than expected, underscoring concerns about the nation’s economic recovery ...
Hong Kong explores ICO as economic booster
This idea, first suggested by the Hong Kong Securities and Futures Professional Association, has sparked lively debate among financial experts and policymakers. The proposal is seen as a radical step, ...
TIIC’s IPO on the Hong Kong Stock Exchange was cleared and will be officially listed in 2024!
TIIC (Top Internation Investment Company) has been approved for listing on the Hong Kong Stock Exchange through IPO review. The number of shares sold worldwide has reached 10.4 million, and the number ...
Hong Kong Financiers Pen Letter To Lawmakers For ICO Portal In Bid To Boost Economy
The Hong Kong Securities and Futures Professionals Association wants to create an initial coin offering (ICO) portal as part of a broader set of recommendations aimed at enhancing economic recovery ...
Hong Kong’s Faster Payment System to be accepted in Thailand under reciprocal arrangement
Hongkongers travelling to Thailand can now use Faster Payment System to make purchases, while Thais travelling to Hong Kong can pay using PromptPay Plans are afoot to raise the maximum daily limit in ...
China EV maker Zeekr puts U.S. IPO on hold – sources
Zeekr, the premium electric vehicle (EV) brand of Chinese automaker Geely, has put its U.S. initial public offering (IPO) on hold because of a mismatch in valuation expectations, two sources with ...
TAIEX outperforms HK’s Hang Seng
The TAIEX yesterday closed up 0.17 percent at 17,370.56, outperforming Hong Kong’s Hang Seng Index for the first time in 30 years, as the local index continued to benefit from liquidity-driven rallies ...
Hong Kong Exchange Starts Consultation to Allow Trading on Stormy Days
Hong Kong’s stock market, notorious for shutting down on typhoon days, is moving toward allowing trades in bad weather. Hong Kong Exchanges & Clearing, the exchange operator, said on Thursday that it ...
Hong Kong sees record 6 failed land tenders as elevated interest rates, depressed home prices dampen demand for new plots, Colliers says
Only four of 10 projects launched by the government in the past 11 months drew enough bids for the tender process to continue Besides jacking up development costs, the elevated interest rates have ...
Hong Kong Stocks Rise After Four-day Loss
Hong Kong shares rose Thursday after a four-day sell-off, with traders keenly awaiting the release of key US inflation data later in the day. The Hang Seng Index added 0.29 percent, or 49.44 points, ...