Hong Kong lays out welcome mat for exchanges, Korean crypto lender contagion, Do Kwon banged up abroad, Bank of China's Ethereum debt note.
Huawei’s Chief Financial Officer Makes $1.4 Million Profit Selling Hong Kong Penthouse
Huawei Technologies Co.’s Chief Financial Officer Meng Wanzhou made a profit of more than HK$11 million ($1.4 million) by selling a duplex penthouse in Hong Kong she bought a decade ago.
Banks in Hong Kong Asked to Onboard Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA), the city’s financial regulator, is reportedly urging major banks such as HSBC and Standard Chartered to start taking crypto exchanges as clients, despite the ...
Hong Kong Doubles Effort to Help Crypto Firms Get Legit Banking
Hong Kong regulators are planning a second meeting in less than two months to push banks to offer services to virtual-asset firms as the city seeks to become an international crypto hub.Most Read from ...
First Mover Asia: Hong Kong as Crypto Hub? The City’s Strict Banking Requirements May Be an Obstacle
A Hong Kong-based entrepreneur says that while the digital assets regulation is "overall friendly," banking regulations will make the industry's growth there difficult. ALSO: Bitcoin surges post-BlackRock iShares ETF filing but the rally sputters.
China calls European Parliament’s Hong Kong resolutions ‘publicity stunt’
China's Ministry of Foreign Affairs in Hong Kong said resolutions passed by the European Parliament on Thursday related to the Chinese controlled territory were a "despicable act" and "trampled" on ...
Stock Market News: Cava IPO, GameStop meeting, retail sales, SCOTUS on student loans
Investors continue to debate the impact of the Federal Reserve’s rate pause, retail sales rose in May even with inflation, GameStop’s annual meeting may shed more light on CEO firing and the Supreme ...
Hong Kong calls a recess on rate hiking spree in lockstep with US Fed, but tamps down on euphoria with a warning of remaining ‘risks’
The city's base rate remains at 5.5 per cent, said the Hong Kong Monetary Authority (HKMA), in lockstep with a similar pause by the US Federal Reserve HSBC, Bank of China (Hong Kong), Hang Seng Bank, ...
Wall Street Banks Are Reportedly Retreating from HK IPO Works of Several CN Firms
Wall Street Journal reported that overseas investors have lost confidence in China IPO deals, citing documents submitted to the HKEX (00388.HK). The documents revealed that Goldman Sachs (GS.US) has ...
Treasury Official Visited Hong Kong Amid Push for US-China Thaw
A senior Treasury Department official traveled to Hong Kong last week, in a sign of growing US efforts to revive engagement with China after a broader deterioration of relations between the world’s two largest economies.
Solowin to Offer 3.8 Million Shares in IPO
By Denny Jacob Solowin Holdings said Thursday it is offering about 3.8 million shares priced between $4 and $6 a share in its initial public ...
Hong Kong banks outperform on rate hikes
Despite the slowdown in global economic growth in 2022, banks in Hong Kong outperformed as they benefited from high lending rates.
Why Hong Kong wants more banks to accept crypto clients
The FT viewed an April letter sent to banks, including Bank of China, HSBC, and Standard Chartered, in which the HKMA said due diligence should not “create undue burden” to accepting crypto exchanges ...
Hong Kong central bank leaves interest rates unchanged, tracking Fed
The Hong Kong Monetary Authority (HKMA) on Thursday left its base interest rate charged through its overnight discount window unchanged at 5.50 per cent, tracking action by the U.S. Federal Reserve.Th ...