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Posted on 30/01/2024

Hong Kong stocks open with big losses

Hong Kong stocks opened sharply lower on Tuesday morning as investors turned their focus to the previous day's liquidation order for Chinese ...

Posted on 30/01/2024

Spot Bitcoin ETF Application Marks New Era For Hong Kong: Will It Unlock A Flood Of Chinese Investment?

In a significant development for the cryptocurrency market in Hong Kong, Harvest Fund has officially applied to the first-ever Bitcoin (CRYPTO: BTC)

Posted on 30/01/2024

Asia markets poised to mostly rise; Hong Kong set to fall in the wake of Evergrande liquidation order

Investors in Asia continue to grapple with the fallout from the liquidation of Evergrande, as well as assessing Japan's unemployment numbers for December ...

Posted on 30/01/2024

Evergrande collapse: Hong Kong court orders liquidation of China property giant

Judge says ‘enough is enough’ after developer, which has $300bn in debt, fails to provide convincing restructuring plan ...

Posted on 30/01/2024

Hong Kong court orders property firm China Evergrande to liquidate

Property developer China Evergrande Group has been ordered to liquidate after it failed to reach a restructuring deal with creditors

Posted on 30/01/2024

Leaders of Hong Kong Christian Drug Rehab Accused of Pocketing $6.4 Million

A Christian organization working to rehabilitate drug addicts in Hong Kong said in a statement that it was “shocked” when authorities arrested four of its directors Jan. 18 for conspiracy to defraud donors of $6.4 million ($50 million HKD) in donations.

Posted on 30/01/2024

Stock market today: Chinese stocks lead Asia’s gains, Evergrande faces liquidation

Asian markets opened the week on a positive note, with Chinese regulators announcing measures to support the country’s teetering stock markets while heavily indebted property developer China Evergrande was ordered to undergo liquidation.

Posted on 29/01/2024

Hong Kong court orders liquidation of China’s Evergrande, once the country’s property giant

HONG KONG: A Hong Kong court on Monday ordered the liquidation of ... but it wasn't plugged in to the global financial system in the way that Lehman Brothers was as an international bank," said Daniel ...

Posted on 29/01/2024

Education lacking for Hong Kong pharmacies on single-use plastic ban, sector head says, amid waste-charging scheme delay after public confusion

Residents reportedly stock up on items such as toothpicks and cotton buds, with industry head urging more education for retailers ahead of already-delayed ban.

Posted on 29/01/2024

As China’s Economy Slows, Hong Kong Seeks To Redefine Its Future

(Photo by Vernon Yuen/NurPhoto via Getty Images) Faced with a slew of challenges, Hong Kong’s business leaders have put a brave face on the city’s prospects by launching a “Hello Hong Kong” campaign ...

Posted on 29/01/2024

China Evergrande Group ordered to liquidate; Hong Kong trading suspended

Chinese property giant Evergrande Group was placed into liquidation Monday by a court in Hong Kong after the company repeatedly failed to come up with a viable plan to restructure liabilities of at least $325 billion.

Posted on 29/01/2024

Harvest Fund Applies for Spot Bitcoin ETF in Hong Kong

Harvest Fund Management seeks approval for Hong Kong's first spot Bitcoin ETF, which is aiming for a post-Lunar New Year launch.

Posted on 29/01/2024

Evergrande shares halt trading after Hong Kong court orders liquidation; Asia markets mostly rise

China's CSI 300 index fell 0.9% and closed at 3,303.96, driven by losses in Shenzhen, while Hong Kong's Hang Seng index rose 0.71%, paring earlier gains. Stock chart icon In Singapore, its central ...

Posted on 29/01/2024

Beijing’s support aside, Hong Kong must shine as a financial hub

The central government may have stepped in to defend markets but Hong Kong needs to show its ability to fend off regional challengers, such as by tapping its Middle East and belt and road connections ...

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