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Posted on 19/11/2022

A top Hong Kong crypto firm ends trading after FTX collapse: ‘We don’t know which counterparties would fail next’

A top Hong Kong cryptocurrency firm will stop over-the-counter trading over concerns of broader market turmoil since the collapse of FTX. Genesis Block told customers in an email first reported by ...

Posted on 18/11/2022

Pandemic, Central Banks, Property Issues Drive Hong Kong Shares Into Red

The Hong Kong Hang Seng Index opened higher Friday but sagged in the afternoon, finishing off 0.3% as traders weighed tenacious COVID-19 outbreaks in mainland China, the nation's struggling property ...

Posted on 18/11/2022

Analysis-Reluctant Buyers Pose Main Threat to Beijing’s Property Revival Efforts

BEIJING/HONG KONG (Reuters) - A slew of recent supportive measures will bring China's cash-strapped property developers much needed relief, but a full recovery of the sector will be hobbled by ...

Posted on 18/11/2022

Central Bank Prospects, Pandemic Undercut Asian Exchanges

MT Newswires Primary Image In Japan, the Nikkei 225 opened higher, wobbled and then finished off 0.1% after Federal Reserve official James Bullard on Thursday signaled that more rate hikes are on the ...

Posted on 18/11/2022

Gold luck! BOC stunned to find gold jewels worth P80M on plane toilet

The BOC said in a statement that the bundles of jewelry weighing 24 kilos in total were discovered hidden inside the toilet of aircraft PR 301, which arrived from Hong Kong on November 17. It noted ...

Posted on 18/11/2022

Hong Kong’s leading crypto retail operator says it ceases trading as FTX fallout roils sector

HONG KONG, Nov 18 (Reuters) - A leading cryptocurrency retail service provider in Hong Kong said it has ceased trading as the broader fallout from the collapse of FTX, and solvency issues at other ...

Posted on 18/11/2022

Chinese reporter beaten by Hong Kong protesters in 2019 died: Report

A former mainland Chinese reporter who became a public figure after his assault by protesters at Hong Kong’s airport during the 2019 unrest, has died. Fu Guohao died in October 2021 aged 30 after ...

Posted on 18/11/2022

Gold luck: BOC accidentally finds P80-M gold pieces of jewelry in airplane toilet

The BOC said in a statement that the bundles of jewelry weighing 24 kilos in total were discovered hidden inside the toilet of aircraft PR 301 which arrived from Hong Kong on November 17. According to ...

Posted on 18/11/2022

Property risks manageable for Hong Kong banks: analyst

Hong Kong banks’ profitability will be supported by strong net interest margins in 2023, whilst property-related risks should be manageable. Stronger net interest margins should support bank ...

Posted on 18/11/2022

Sunshine Insurance Said to Win HKEX Approval for $1 Billion IPO

China’s Sunshine Insurance Group Co. has received approval from the Hong Kong stock exchange for an initial public offering that could raise about $1 billion, according to people familiar with the ...

Posted on 18/11/2022

First Hong Kong tour groups leave for Taiwan after self-ruled island reopens to city under eased Covid rules

They had visited the island once and were looking for a quick getaway from Hong Kong. Hong Kong cuts PCR screening requirement for incoming travellers to 2 tests Yu, who like her sister is travelling ...

Posted on 18/11/2022

Growatt Receives Approval for $1 Billion Hong Kong IPO, Sources Say

(Bloomberg) — Growatt Technology Co. Ltd., a Chinese solar energy device maker, has received approval from the Hong Kong Stock Exchange for an initial ... $1 billion through the share sale and could ...

Posted on 18/11/2022

Wildlife summit could upend Hong Kong’s shark fin trade

Hong Kong is one of the world's largest markets for shark fin ... A California-based lab-grown meat start-up received the first green light for such products from the US food safety agency.

Posted on 18/11/2022

Hong Kong to Reduce Covid Testing Requirement for Arrivals

Hong Kong will cut in half the number of laboratory Covid-19 tests new arrivals must undergo starting next week.

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