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Posted on 26/06/2025

China AI chip firm Biren raises new funds, plans Hong Kong IPO, say sources

BEIJING (Reuters) -Chinese AI chip startup Biren Technology has raised about 1.5 billion yuan ($207 million) in fresh funding and is preparing for a Hong Kong initial public offering, people familiar ...

Posted on 26/06/2025

Hong Kong intervenes to defend currency peg

Hong Kong’s de facto central bank has intervened in foreign exchange markets to defend the city’s currency peg.

Posted on 26/06/2025

Billionaire Richard Li’s FWD Group seeks to raise $442 million in Hong Kong IPO

Insurer FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion ($442.08 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday.

Posted on 26/06/2025

Hong Kong Intervenes to Defend FX Peg as Local Currency Drops

Hong Kong’s de facto central bank bought the local dollar to prop it up on Thursday, in a move to defend the city’s currency peg to the greenback.

Posted on 25/06/2025

China’s Anjoy Foods plans to raise up to $336.3 million in Hong Kong listing

China's Anjoy Foods Group aims to raise up to HK$2.64 billion ($336.31 million) from its Hong Kong listing, a regulatory filing showed on Wednesday. The frozen food maker will offer about 40 million H ...

Posted on 25/06/2025

US consulate condemns Hong Kong’s govt Independence Day celebrations repression

The U.S. consulate in Hong Kong has condemned the city’s government for what it is calling the repression of U.S. Independence Day celebrations ...

Posted on 24/06/2025

US consulate condemns Hong Kong’s government for ‘repression’ of Independence Day celebrations

The U.S. consulate in Hong Kong has condemned the city’s government for what it is calling the repression of U.S. Independence Day celebrations.

Posted on 24/06/2025

A $4 Billion Hong Kong Family Office Makes First Crypto Foray

A money manager to some of Hong Kong’s richest individuals will start investing in crypto, as more favorable regulations attract a wider array of investors to the digital-asset sector.

Posted on 24/06/2025

Cause of driverless bus crash at Hong Kong airport must be found: John Lee

City leader says autonomous transport systems are a global trend and authorities will work hard to ensure they are safe for use in Hong Kong.

Posted on 24/06/2025

Cardinal Zen’s Bold Latin Mass Statement Sends Multiple Messages to Hong Kong

Marking Corpus Christi Sunday, Cardinal Zen, 93, retired bishop of Hong Kong, posted a photo of himself holding a monstrance with a Eucharistic Host in it under an umbrella, along with a ...

Posted on 24/06/2025

‘Horror’ for Iranians in Hong Kong as escalation in Middle East conflict hits families

Some 400 Iranians living in Taiwan, Macau and Hong Kong affected by US attack on Iran's nuclear sites, while experts warn of trade implications.

Posted on 24/06/2025

Nano Labs plans to apply for licenses to issue HKD and offshore RMB stablecoins under Hong Kong’s new stablecoins bill

China-based Nano Labs Ltd. has announced its plans to apply for a stablecoin issuing license in Hong Kong as the jurisdiction positions itself as a center for digital finance innovation, as it ushers ...

Posted on 24/06/2025

Hong Kong Sets High Bar for Stablecoin Issuers Ahead of August Regime Launch

Stablecoin licensing frameworks are advancing globally as regulators in Hong Kong seek to manage new forms of digital settlement.

Posted on 24/06/2025

Global investors turn to Hong Kong funds for returns amid geopolitical tensions

Hong Kong-domiciled funds saw net inflows of some US$44 billion in the 12 months to March, a threefold increase from a year earlier.

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