City Hong Kong Financial News
20.05 / 06:29
markets
UPS
Election
Research
Trade
Experts
Will the Indian stock market continue its upward momentum this week? Here's what experts say
Also Read: Silver prices up 18% YTD; should you prefer silver to gold for investments? Furthermore, strong domestic buying, improved voter turnout in the fourth phase, and stability in crude oil prices also played significant roles in driving the market higher. Also, markets received a boost after US benchmark indices reached record highs. Metal stocks, on the other hand, surged significantly following China's announcement of a comprehensive stimulus package aimed at bolstering its distressed property market.
20.05 / 04:51
markets
UPS
DOW
economy
President
reports
Asian stocks
Stock market today: Asian stocks advance after Wall Street closes out another winning week
Asian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time
17.05 / 20:51
Hong Kong Launches Personal e-CNY Wallets For Cross-Border Payments
Hong Kong became the first region outside mainland China to allow users to open digital wallets and hold China’s CBDC e-CNY, otherwise known as the digital yuan on Friday.
17.05 / 05:05
Trade
reports
stake
HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
Shares of HSBC Holdings fell over 3% in Hong Kong on Friday after reports that its top shareholder Ping An Insurance might be looking to cut its stake in the British bank.
16.05 / 20:07
16.05 / 11:13
UPS
Citi
Enterprise
Trade
stage
track
China property stocks rally as more cities unveil rescue steps
Shares of Chinese property developers surged on rising expectations that government entities in China are moving to help buy up excess housing in a bid to revive the struggling real-estate sector. The Hang Seng Mainland Properties Index, which tracks Chinese property developers listed in Hong Kong, was up 5.6% in afternoon trading Thursday.
15.05 / 23:45
Digital
CEO
testing
Mastercard and Standard Chartered pilot tokenised deposits
The two FS giants worked with Standard Chartered-owned Hong Kong digital bank Mox and asset tokenisation tech firm Libeara on the PoC, which took place on the Hong Kong Monetary Authority's Fintech Supervisory Sandbox.It saw the first live test of the Mastercard Multi-Token Network (MTN) used for a test scenario where a Mox client wants to buy a carbon credit to offset personal carbon usage and deposit the funds for this in their bank account.In the pilot, Mox requests Standard Chartered tokenise the desired carbon credit using Libeara. Then, through the Mastercard MTN, the client’s deposit is also tokenised and an atomic swap is initiated between the two instruments.
15.05 / 20:54
15.05 / 20:54
markets
UPS
Strategy
economy
wellness
Pinduoduo
Alibaba's profit in Q4 tumbles due to equity investments, New York-listed stock plunges
Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York
15.05 / 18:45
HTX
Crypto License
HTX Withdraws Hong Kong Crypto License Application Again – What’s Going On?
Huobi Global (HGBL) Hong Kong Limited, a subsidiary of HTX, withdrew its application for a cryptocurrency trading license from Hong Kong’s Securities and Futures Commission (SFC) for the second time on May 14.
15.05 / 05:47
BlackRock
ETFs
Vanguard
Vanguard Hires Former BlackRock iShares Exec Salim Ramji as CEO
BlackRock’s former global head of iShares and index investments, Salim Ramji, is joining Vanguard as its new CEO and board of directors from July 8.
13.05 / 16:07
WhatsApp
President
War
reports
rights
Interviews
Headlines
Argentine President Javier Milei branded 'traitor' over his comment on Falkland. Tension simmers again
Falkland has once again hit the headlines and it is most likely to stir the passion of the people living on the island. After Argentina’s President Javier Milei said that British Foreign Secretary David Cameron has “every right” to visit the Falkland Islands as they are “in the hands of the United Kingdom, he has been branded as a 'traitor'.
13.05 / 08:23
Bitcoin
Hong Kong’s New Spot Bitcoin ETFs Attract Investors from Mainland China
The Bitcoin Asia 2024 conference in Hong Kong attracted a large crowd of enthusiasts and especially investors from mainland China.
13.05 / 08:23
10.05 / 14:41
Man
Sustainability
hospital
reports
Investigations
Hong Kong Businessman and Son Surrender to Police Over Kidnapping of Crypto Investor in $1.9 Million Dispute
A Hong Kong businessman and his son have surrendered to police in connection with the abduction of a cryptocurrency investor, according to a local news outlet, the South China Morning Post, citing sources familiar with the matter.
10.05 / 11:45
Reuters
Aware
Manufacturing
Food
Everest
Trade
reports
US says treatment of spices with ethylene oxide is 'safe' as Hong Kong, Singapore ban some MDH, Everest products
human consumption and a cancer risk with long exposure. According to reports, the health authorities in Singapore and Hong Kong found cancer-causing pesticide “ethylene oxide" in these masalas above the acceptable limits.
10.05 / 10:03
Bitcoin
Canaan Launches New Energy-Efficient Miner A1566 at Bitcoin Asia 2024
Canaan has launched a new mining machine at the Bitcoin Asia 2024 conference.
09.05 / 05:01
markets
Target
Election
trends
Trade
Experts
recommendations
Top Stock Recommendations: Osho Krishan of Angel One suggests buying DMart, and Nestlé India today
₹15,863 crores this month, is a significant current trend in the market. Despite their continued buying, DIIs are not as aggressive as they previously were because of some uncertainty over the election results. It's critical to recognise that, in addition to the high US bond yields there is now another driver driving FII selling.
09.05 / 01:49
Citi
security
Anthem
Freedom
song
Courts
rights
Protest song 'Glory to Hong Kong' now banned in city after appeals court overturns ruling
An appeals court has granted the Hong Kong government’s request to ban a protest song, overturning an earlier ruling and deepening concerns over the erosion of freedoms in the city
09.05 / 01:11
markets
Provident
Bitcoin news
ETF
Trade
Bitcoin
crypto ETFs
Bitcoin Price Prediction as $1B Liquidity Fund Launched for Hong Kong Crypto ETFs – Will Asia Lead the Next Bull Market?
As Bitcoin oscillates around $61,368 following a 2.60% decrease, market watchers are closely monitoring the impact of a new $1 billion liquidity fund for Hong Kong’s crypto ETFs. This fund aims to stabilize and perhaps catalyze a bull market in Asia, influencing Bitcoin price predictions across the region.
08.05 / 16:31
SFC
Hong Kong Cracks Down on Fake Crypto Exchange Allegedly Linked to Elon Musk
The Hong Kong Securities and Futures Commission (SFC) has warned the public regarding Quantum AI, an entity allegedly engaged in fraudulent activities related to virtual assets and impersonating Elon Musk. Quantum AI claims to leverage artificial intelligence technology to provide cryptocurrency trading services.
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