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Posted on 16/04/2024

Baidu Says AI Chatbot ‘Ernie Bot’ Has Amassed 200 Million Users

HONG KONG (Reuters) - China's Baidu said on Tuesday its artificial intelligence chatbot “Ernie Bot” has garnered more than 200 million users as it seeks to remain China’s most popular ChatGPT-like ...

Posted on 16/04/2024

TIMES CHINA Hit by Winding-up Petition From HANG SENG BANK, Involving Financial Obligations of HK$2B+

TIMES CHINA Hit by Winding-up Petition From HANG SENG BANK, Involving Financial Obligations of HK$2B+ HANG SENG BANK Buys Back 599.2K Shrs, Involving $58.07M ...

Posted on 16/04/2024

HSBC Subsidiary Files Liquidation Petition Against Chinese Developer

A Hong Kong bank majority-owned by HSBC Holding has filed a liquidation petition against Times China, another instance of creditors seeking to recoup funds from developers amid China’s protracted ...

Posted on 16/04/2024

Hong Kong stocks at 3- week lows as China data points to patchy economic recovery

Hong Kong stocks struck a three week low as investors looked past consensus beating GDP data and focused on weak retail, industrial and property data which weighed on sentiment.

Posted on 16/04/2024

Property developer Times China receives winding-up petition in Hong Kong

This is at least the second winding-up case against major Chinese developers this month. Read more at straitstimes.com.

Posted on 16/04/2024

Hong Kong AI start-up tracks government policy patterns to predict major regulatory changes

Bilby says it had predicted China's 2021 crackdown on the private tuition industry, and last year's campaign targeting the pharmaceutical sector China watchers can expect to see crackdowns on ...

Posted on 16/04/2024

Hong Kong regulators approve spot Bitcoin and Ether ETFs

Hong Kong-based asset managers received approval from regulators on Monday to launch spot Bitcoin and Ether ETFs.

Posted on 16/04/2024

Hong Kong Association of Banks and HKMA Introduce Anti-Scam Consumer Protection Initiative

HKMA announced, in collaboration with the Hong Kong Association of Banks (HKAB), the launch of the Anti-Scam Consumer Protection Charter 2.0.

Posted on 16/04/2024

Chinese tea shop giant Sichuan Baicha Baidao aims to raise US$330 million in Hong Kong’s biggest IPO of 2024

Chinese tea shop giant Sichuan Baicha Baidao Industrial aims to raise HK$2.5 billion (US$330 million) in a Hong Kong initial public offering, set to be the city’s largest new-share sale of the year, ...

Posted on 16/04/2024

Lacking access to mainland Chinese investors, Hong Kong’s crypto ETFs will be ‘nickels and dimes’ compared with U.S. versions

H ong Kong’s Securities and Futures Commission has granted approvals for three spot Bitcoin and Ether exchange-traded funds. Following the conditional authorization, to become officially listed, the asset managers issuing the products will apply to Hong Kong Exchanges and Clearing, the SFC added.

Posted on 16/04/2024

Hong Kong Greenlights Initial Approval for Spot Bitcoin and Ethereum ETFs: Report

Regulators in Hong Kong have given their initial approval of new exchange-traded funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH).

Posted on 16/04/2024

Making Crypto History: Hong Kong Poised to Approve Bitcoin ETF

According to sources in Hong Kong, the Securities and Futures Commission (SFC) is expected to approve the Bitcoin ETF by the 15th. If Hong Kong authorities approve, it will be the second approval ...

Posted on 16/04/2024

Beijing’s call for ‘new mindset’ in Hong Kong shows city leaders must step up, analysts say

Xia Baolong, director of the State Council's Hong Kong and Macau Affairs Office, urged city to adopt 'new mindset' and rely on more than its traditional advantages Analysts say call signals central ...

Posted on 16/04/2024

Hong Kong consumer watchdog calls for vigilance over private care homes fees, says additional costs may balloon to 57% of basic monthly charges

Consumer Council says items ranging from diapers to air conditioning may account for up to 57 per cent of basic monthly fees.

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