Regulators want only professional investors to be exposed to spot exchange-traded products linked to virtual assets ... ( read original story ...)
Hong Kong’s Politicians and Cops Use Pandemic Justifications To Do Beijing’s Bidding
Though many in the West have rightly wondered about the degree to which COVID-19 suppression has actually been a guise for state actors to seize more control, in Hong Kong, the case is airtight: ... ( read original story ...)
Hong Kong’s Bank of East Asia proposes $372 million share buyback
Hong Kong's Bank of East Asia Ltd said on Friday it intends to buy back 8.43% of its total issued shares worth HK$2.904 billion ($372.65 million) owned by hedge fund Elliot Investment Management's ... ( read original story ...)
Hong Kong economy grows 6.4% in 2021
Hong Kong’s economy grew by 6.4% last year after activity weakened as anti-coronavirus controls were tightened. Economic output expanded by 4.8% over a year earlier in the three months ending in ... ( read original story ...)
Citi’s Hong Kong fine is a warning to others
Penalty-payers is one ranking no bank wants to top. Citigroup has just come in at No. 3 in Hong Kong with a HK$348 million ($44.7 million) fine for the 10 years to 2018 during which its cash equities ... ( read original story ...)
China fintech PingPong weighing US$1b Hong Kong IPO
HONG KONG] Chinese fintech startup PingPong is considering an initial public offering in Hong Kong to raise as much as US$1 billion, people with knowledge of the matter said. Read more at The Business ... ( read original story ...)
Industrial B2B startup Moglix’s valuation tops $2.6 bn with $250 mn funding
Early investors, who had bet on Moglix at the seed stage, have seen an 80x return on their investment in this B2B commerce firm ... ( read original story ...)
Hong Kong’s HashKey Group Raises $360M Blockchain Fund
Hong Kong's HashKey Group, the digital assets and blockchain arm of Chinese conglomerate Wanxiang Group, has received $360 million commitment from investors for its new fund. The fund will tap into ... ( read original story ...)
Hong Kong market watchdog fines Citi $45 million for equities misconduct
Hong Kong's market regulator has fined a Citigroup subsidiary HK$348.25 million ($45 million) for misconduct in its cash equities business and is launching disciplinary proceedings against some former ... ( read original story ...)
China’s new rules on overseas IPOs will apply to Hong Kong, securities regulator says
In an exclusive interview with CNBC, CSRC's international department director spoke about what new draft rules mean for Chinese companies wanting to list abroad. ( read original story ...)
Hong Kong Q4 GDP grows 4.8% y/y, Omicron curbs cast doubt over 2022
Hong Kong's economy lost some momentum in last year's final quarter, in which the city was largely COVID-19-free, preliminary data showed on Friday, and an unrelenting battle to stamp out Omicron ... ( read original story ...)
Hong Kong regulator fines Citi unit $45 million
Hong Kong's markets watchdog has fined a Citigroup unit HK$348.25 million ($44.68 million) for what it called serious regulatory failures over client facilitation activities, attributing the fault to ... ( read original story ...)
Exclusive: IPO-Bound Ola Raises $20 Mn From Hong Kong-Based Segantii Capital
Bhavish Agarwal-led which cab hailing service Ola Cabs is raising close to $20 Mn (INR 150 Cr) from Hong Kong-based Segantti Capital. ( read original story ...)
Hong Kong’s 14-day quarantine period ‘still too long for business travellers’
Business leaders have expressed disappointment at a decision by Hong Kong authorities to only ease the quarantine period for travellers entering the city to 14 days and extend Covid-19 ... ( read original story ...)