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Category: NEWS

Posted on 01/11/2022

Hong Kong stocks rise more than 3% after ending October at lowest levels since mid-2009

Asia-Pacific shares were higher on Tuesday ahead of Australia's central bank decision. The Caixin manufacturing PMI showed a contraction in October. ( read original story ...)

Posted on 01/11/2022

Hong Kong markets rise 2%; RBA decision, private survey on China’s factory activity ahead

Asia-Pacific shares were higher on Tuesday ahead of Australia's central bank decision and the results of a private survey on Chinese factory activity. ( read original story ...)

Posted on 01/11/2022

Hong Kong’s currency peg has been great for the city in times of uncertainty, HKMA says

Hong Kong Monetary Authority's chief executive Eddie Yu has defended Hong Kong's currency peg to the U.S. dollar, saying it helped the city through some of its toughest economic challenges previously. ( read original story ...)

Posted on 01/11/2022

Hong Kong To Conduct Public Consultation on Retail Crypto Trading, ETFs

The Chinese territory is considering a range of pro-crypto measures, in contrast to the mainland’s draconian approach to digital asset regulation. ( read original story ...)

Posted on 01/11/2022

Hong Kong bets on summit to herald its comeback as financial hub

Hong Kong aims to restore its reputation as a global financial hub by playing host to a bevy of top Wall Street executives this week, defying critics who say a talent crunch and geopolitical tensions ... ( read original story ...)

Posted on 31/10/2022

3 Bank Chiefs Pull Out of Hong Kong Conference as China Scrambles for Covid

To top matters off, Hong Kong's financial secretary, Paul Chan Mo-po, contracted Covid last week while on a trip to Saudi Arabia to drum up investment. He delivered a video addres ... ( read original story ...)

Posted on 31/10/2022

Hong Kong’s Crypto-Friendly Plans Get Mixed Reviews From Billionaires And Industry Players

Sam Bankman-Fried, cofounder and CEO of FTX. Hong Kong said that it would adopt a welcoming approach to digital assets on Monday as it seeks to regain its status as a global cryptocurrency hub, but ... ( read original story ...)

Posted on 31/10/2022

Hong Kong economy shrinks 4.5% yr/yr in Q3, outlook remains weak

Hong Kong's economy shrank faster in the third quarter, contracting 4.5% from the same period a year earlier, the third straight quarter of downturn, advance government data showed on Monday, as ... ( read original story ...)

Posted on 31/10/2022

Hong Kong eyes return to global financial map with summit amid talent crunch, geo-tension

Hong Kong aims to restore its reputation as a global financial hub by playing host to a bevy of top Wall Street executives this week, defying critics who say a talent crunch and geopolitical tension ... ( read original story ...)

Posted on 31/10/2022

Sedition trial begins for closed Hong Kong news site editors

A sedition trial opened in Hong Kong on Monday for two former top editors of a shuttered online media outlet who have been detained without bail for 10 months . ( read original story ...)

Posted on 31/10/2022

Hong Kong proposes allowing retail trade in cryptocurrencies

Hong Kong's government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds - a move it hopes will help it rebuild its fintech hub status. ( read original story ...)

Posted on 31/10/2022

Hong Kong to explore legalising crypto for retail investors

Hong Kong is "back in business" and exploring whether to legalise crypto trading by retail investors, the city’s finance chief announced Monday, kicking off a week of conferences aimed at ... ( read original story ...)

Posted on 31/10/2022

Hong Kong study shows early use of antiviral drugs cuts risk of death in Covid-19 patients

Large-scale study shows positive effects of two drugs given early to patients still in the community Pfizer drug also reduces risk of patients becoming severely ill, having to be admitted to hospital ... ( read original story ...)

Posted on 31/10/2022

Protestant pastor is first Christian clergy imprisoned on charges of sedition in Hong Kong

A judge in Hong Kong sentenced a 59-year-old Protestant pastor to more than one year in prison for sedition, making him the first Christian clergy in the city to be convicted under the draconian ... ( read original story ...)

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