The Hong Kong Hang Seng Index could not sustain a midday rally and closed down 1.2% on Monday, as property stocks again led trading floors into the red. The broad gauge Hang Seng fell 176.04 to 14,687 ... ( read original story ...)
Hong Kong to explore legalizing retail crypto trades in reversal of previous proposal
Hong Kong has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds and plans to conduct pilots in NFT issuance and CBDC. ( read original story ...)
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 ...)
Hong Kong Has a Biotech Talent Problem
Hi there, it’s Jinshan in Hong Kong. Recently, I visited a biotech startup in Hong Kong that had too much office space compared to its number of employees, reflecting the city’s problem attracting ... ( read original story ...)
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 ...)
Hong Kong builds new springboard to top global IPO league with Saudi Aramco approach, tech listing reforms
Executives in Hong Kong are seeking to return Hong Kong to the top of the global IPO league. Getting Saudi Aramco would be a coup, while easier rules for cutting-edge tech firms could be next ... ( read original story ...)
AustAsia passes HKEX listing hearing for trimmed IPO
Indonesian milk company AustAsia has got permission from the Hong Kong Stock Exchange for its public float, cutting its offering from an initial target of $100m to roughly $50m-$70m due to difficult ... ( read original story ...)
Hong Kong is ready to resume its ‘Super Connector’ role between China and the world, now that Covid-19 rules are easing
Hong Kong has described itself as the “super-connector” between China and the world under the Belt and Road Initiative (BRI), the GBA plan and the Regional Comprehensive Economic Partnership (RCEP). ( read original story ...)
Wall Street accused of whitewashing China crackdown in Hong Kong
Hong Kong’s government invited Wall Street’s biggest names to a summit to show the financial hub is open for business after nearly three years of isolation due to pandemic curbs. Instead, top bank ... ( read original story ...)
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 ...)
Li Ka-shing’s skyscraper one-fifth empty as Hong Kong vacancies hit record
Empty premium office space – or the so-called Grade-A stock – has almost tripled in three years to an all-time high. Read more at straitstimes.com. ( read original story ...)
Alibaba, Meituan, Nio Jump: Hang Seng Looks Past Weak China Factory Data To Focus On Fed Policy
Hong Kong shares opened in the green on Monday, with the benchmark Hang Seng rising 0.63%, as investors and traders shrugged off a contraction in China’s factory activity while focussing more on the ... ( read original story ...)
Bank of China HK joins pilot programme to trial use of digital currencies
BOCHK has completed real-value cross border trade of central bank digital currencies. Bank of China (Hong Kong) or BOCHK is one of the first batch of banks participating in the Project mBridge pilot ... ( read original story ...)
Dim sum bonds, yuan shares strengthen Hong Kong’s role as biggest offshore trading hub for Chinese currency, bankers say
'Hong Kong plays a key role in capitalising on the China opportunities,' says Standard Chartered CEO ahead of key financial summit in Hong Kong Growth of yuan business in Hong Kong is down to its ... ( read original story ...)