A $9.5 million Willem de Kooning painting led the opening's sales, but it was one of the few six-figure works on offer.
Alibaba Scraps Logistics Listing as Hong Kong IPO Woes Worsen
The Chinese internet company has abandoned plans to list Cainiao, dealing a blow to Hong Kong’s beleaguered initial public offering market.
Alibaba to buy Cainiao stake for up to $3.75 billion as it drops IPO plan
Alibaba Group said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO) of the logistics business ...
Hong Kong sees intensive financial events, as stable social environment attracts more international capital
VCG. The Financial Mega Event Week kicked off in the Hong Kong Special Administrative Region (HKSAR) on Monday, with a series of top-tier internatio ...
What buying Bitcoin in Hong Kong shops says about the future of crypto
Good morning from Hong Kong, where I will be talking to some of Asia's leading finance and crypto executives at the Fortune Innovation Forum. I've long been curious about this famous city due to its ...
‘Captain America’ first victim of Hong Kong national security law
Adam Ma, the jailed activist who dressed up as the Marvel character during protests, has lost his entitlement to early release ...
Hong Kong Likely To Allow In-Kind Creations for Spot Bitcoin ETFs: Bloomberg
Allowing in-kind creations and redemptions for spot bitcoin ETFs in Hong Kong could bring a significant amount of money into the space from Chinese investors.
Hong Kong February home prices ease for the 10th month, down 1.7%
Hong Kong private home prices fell for the tenth month in a row to the lowest since September 2016 in February, and they are expected to remain suppressed even after the government recently removed ...
Hang Seng Bank Launches HKD 33 Billion SME Power Up Fund
HONG KONG, March 26, 2024 /PRNewswire/ -- Hang Seng Bank ('Hang Seng') today unveiled the HKD 33 Billion SME Power Up Fund, a strategic initiative to support the growth, cross-boundary development, ...
What buying Bitcoin in Hong Kong shopssays about the future of crypto
Good morning from Hong Kong, where I will be talking to some of Asia's leading finance and crypto executives at the Fortune Innovation Forum. I've long been curious about this famous city due to its ...
Hong Kong’s in-kind ETF creation could be a significant market opportunity: Analysts
“Hong Kong is aiming for in-kind creation of the ETF, unlike the U.S., where the transaction is cash only – in the U.S. it’s cash in, Bitcoin ETF out, while Hong Kong aims for Bitcoin in, ETF out.
Hong Kong’s In-Kind Spot Bitcoin ETFs Drive AUM Growth Amid Regulatory Shift
Hong Kong is considering allowing in-kind creations and redemptions for spot Bitcoin ETFs, diverging from the US market. This move could revolutionize cryptocurrency investments in the region, drawing ...
Hong Kong police arrest 13 people in crackdown on illegal debt collection gangs accused of splashing red paint, intimidation
Groups operated in Wong Tai Sin and Sai Kung, allegedly splashing red paint on buildings, damaging door locks and making intimidating phone calls.
China Merchants Bank Gains on Dividend Surprise
China Merchants Bank’s shares rose after the lender surprised with a boost in its dividend ratio while annual earnings came in largely as expected.