A 4 per cent rebound this week offers some consolation to investors in another poor year of trading in Hong Kong. China’s property and local government troubles could impede stock gains next year.
Hong Kong-Based Value Partners Plans to Tokenize 3 Tons of Gold and Roll Out Cryptocurrency ETFs
Value Partners, a Hong Kong-based company says it has plans to tokenize gold assets and also make an entry to the much anticipated Exchange Traded Fund (ETF) market.
Electric Car Companies From China Are Flocking to Hong Kong
Companies involved in China’s electric car industry are setting up shop in Hong Kong to leverage the city’s financial system for their global expansion, investing over $1 billion so far and creating ...
Xiaohongshu Nears IPO as E-commerce Progress Sparks Profit Surge: Report
As one of the unicorns in China's internet industry, Xiaohongshu has been around for ten years and has gone through six rounds of financing. Now, it's reportedly a step away from going public.
China’s net gold imports via Hong Kong rise in November
CHINA’S net gold imports via Hong Kong rose about 37 per cent in November from the previous month, data showed on Thursday (Dec 28), as the world’s top consumer eased some import restrictions on the ...
Lawmaker appeals for tougher rules for virtual asset exchange shops after young people duped into suspected money-laundering of millions of Hong Kong dollars
Legislator Johnny Ng says he had heard of five or six suspected money-laundering cases involving young people in December alone Ng adds all involved people in their 20s suspected of using virtual ...
Teenager jailed for six years after admitting Hong Kong bomb plot
A Hong Kong man has been sentenced to six years in prison after pleading guilty to a terrorism charge under a Beijing-imposed national security law ...
Hong Kong stocks may reverse 34 months of decline in 2024 on likely Fed rate cut, China policy support: HSBC Jintrust
Hong Kong stocks could end their longest losing streak in 15 years, as US monetary policy easing boosts risk appetite and corporate earnings improve on China’s economic recovery, HSBC Jintrust says.
Hong Kong Proposes Licenses For Stablecoin Issuers, Outlines Regulations In Case Of Default
Hong Kong-based stablecoin issuers should obtain a license in order to operate in the city and cater to retail investors. That's according to a consultation paper from the Hong Kong Monetary Authority ...
Hong Kong regulators propose tougher rules for sale of stablecoins to retail investors
The legislative proposal comes as Hong Kong steps up efforts to become a virtual asset and Web3 hub by providing a clear regulatory environment.
Beijing exchange’s IPO volumes weather China’s stock market storm as investors bet on policy tailwinds
Initial public offerings (IPO) volumes at the Beijing Stock Exchange (BSE) have suffered the least after authorities restricted new share sales on the three mainland bourses this year, reflecting ...
Hong Kong proposes licensing for Tether, other stablecoin issuers
Hong Kong has proposed a new regulatory framework for stablecoin issuers, like Tether’s USDC and Circle’s USDC, requiring them to obtain a license to operate in the city.
Hong Kong police anti-fraud squad foils transfer of HK$1.1 billion to scammers in first 10 months of year
Anti-Deception Coordination Centre stopped money moving out of city bank accounts after requests for help from 814 victims HK$12.3 billion of victims' money has been intercepted since squad was set up ...
China, Hong Kong markets aided by video-game stocks bounce; Aussie shares close near 2-year highs
Asia-Pacific stocks set to bounce, with Australia stocks hitting near two year highs, as more markets return from a Christmas break.