City Hong Kong Financial News

20.03 / 11:57

markets UPS DOW economy Trade show Stock market today: World shares are mixed as markets await a rate decision by the Fed

Asian shares have closed mostly higher while European markets opened lower as investors awaited the latest signals from the Federal Reserve on the timing of cuts to interest rates

20.03 / 02:55

UPS Citi Citizens security Bill stage reports How will a new national security law affect different walks of life in Hong Kong?

Hong Kong has passed a new national security law that could redefine the liberties of its citizens, and its role on the world stage

18.03 / 10:23

markets UPS economy Trade show reports Asian stocks Stock market today: Asian stocks gain ahead of US and Japan rate decisions

Asian stocks are higher ahead of policy decisions this week by Japan's central bank and the Federal Reserve

18.03 / 10:23

markets UPS DOW economy show reports Stock market today: World stocks higher ahead of US and Japan rate decisions

Asian stocks have advanced and European markets started the day with gains ahead of policy decisions this week by Japan’s central bank and the Federal Reserve

17.03 / 23:25

markets COST UPS Provident FIVE poverty medicines Silver lining: Tutoring the elderly is growing fast in China

By Farah Master, Tingshu Wang and Xiaoyu Yin

15.03 / 19:31

markets Provident Platform security Trade MEXC MEXC is Operating Without License in Hong Kong, Regulator Warns

The Securities and Futures Commission (SFC) of Hong Kong has issued a warning regarding the illegal activities of crypto exchange MEXC, which does not comply with current Hong Kong crypto regulations and operates without a license.

15.03 / 09:53

HKMA e-HKD Hong Kong Gears Up for e-HKD: Phase Two Pilot Seeks CBDC Use Cases

Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), announced today the launch of the second phase of its e-HKD pilot program.

14.03 / 21:09

ByBit SFC Hong Kong’s Market Regulator Warns Crypto Traders, as Bybit Comes Under Scrutiny

Hong Kong’s Securities and Futures Commission (SFC) cautioned crypto traders about using cryptocurrency exchange Bybit on March 14, defining 11 Bybit products as suspicious investments while listing the exchange among unlicensed operators.

14.03 / 13:43

Digital Research wellness cover testing Hong Kong invites applications for Phase 2 CBDC pilot programme

The Hong Kong Monetary Authority (HKMA) completed Phase 1 of the e-HKD Pilot Programme in October 2023 where it studied domestic retail use cases in various areas such as programmable payments, settlement of tokenised assets, and offline payments. The next phase will delve deeper into select pilots from Phase 1 where an e-HKD could add unique value, namely programmability, tokenisation and atomic settlement, as well as explore new use cases that have not been covered in the previous phase.

14.03 / 11:25

UPS Reuters Action economy country reports China probes exposure of HK units of banks, insurers to local government debt, sources say

By Selena Li and Summer Zhen

13.03 / 20:39

markets UPS Trade show reports Chinese stocks slide as investors maintain caution after US inflation report

China stocks slide after the overnight United States inflation report

13.03 / 20:15

Platform Boxing wellness film Oscar Updates International Godzilla x Kong: The New Empire release date, poster, tickets: Latest updates

Godzilla x Kong: The New Empire" is all set to hit theatres this month. Ahead of the much-awaited release date, makers have unveiled stunning dolby first look. With this, tickets of «Godzilla x Kong: The New Empire» have gone for sale. Fans can buy tickets.

12.03 / 15:42

Stablecoin Bill Trade Freedom testing gatherings Hong Kong Central Bank Unveils Sandbox for Stablecoin Issuers to Test Operations

Hong Kong’s central bank on Tuesday introduced a sandbox program for stablecoin issuers. This initiative offers a controlled environment for potential issuers to experiment with stablecoin projects in a risk-free manner.

11.03 / 19:11

Citi Platform NVIDIA Research hospital reports testing China testing AI chatbot for brain surgeons

AI assistant for neurosurgeons at seven hospitals in Beijing and other cities in coming months, one of many initiatives the government is backing to try and harness the technology. A Hong Kong-based agency under the Chinese Academy of Sciences on Monday introduced an AI model based on Meta Platform's Llama 2.0. Researchers trained and fine-tuned the model with papers, medical journals and manuals to act as a surgery consultant of sorts for doctors, said Liu Hongbin, the center's executive director. State organs are joining private Chinese firms in developing homegrown AI in the mold of OpenAI's ChatGPT.

11.03 / 18:23

markets COST Citi Manufacturing Tesla Trade Chinese EV dominance is clear but should we be worried?

China dominates the global electric vehicle (EV) industry today, and it is only likely to get more dominant in the future. Chinese dominance spans manufacturing, batteries, supply chains and demand. Today 60% of all EVs sold in the world are in China.

11.03 / 15:47

markets UPS CEO JPMorgan Inside 2020 JPMorgan's new "young" investment bank head is inordinately popular

If anyone has a bad word to say about Filippo Gori, the new co-head of banking at JPMorgan, they're not saying it. Instead, all indications are that 49 year-old Gori, who was promoted last week to become co-head of banking alongside Doug Petno when Vis Raghavan left, is very popular indeed.

11.03 / 08:35

Hong Kong Crypto spot ETF Financial Hong Kong Financial Institutions Eye Ethereum ETFs to Bolster Global Crypto Market Position

In the wake of the successful launch of Bitcoin spot ETFs in the United States, financial institutions in Hong Kong are gearing up to tap into the growing demand for cryptocurrency investment products.

10.03 / 14:15

Man security Bill reports Hong Kong shocker: 2 dead babies found in glass bottles by cleaner in empty apartment

FOX35 on 9 March. According to the report, published by Hong Kong broadcaster RTHK, two dead babies were found in glass bottles by a cleaner at a rented flat.

07.03 / 16:11

CBDC Hong Kong Crypto Hong Kong Central Bank Launches Wholesale CBDC Project to Foster Tokenization

Hong Kong’s central bank has announced the launch of a new project called “Project Ensemble,” aimed at supporting the development of the tokenization market in the city-state through a wholesale central bank digital currency (wCBDC).

06.03 / 23:37

Binance Web3 Cyber Binance Receives Cyber Security Professional Award from Hong Kong Authorities

The Hong Kong government recognized Binance, a prominent cryptocurrency exchange, with the Cyber Security Professional Merit Award, highlighting its efforts to safeguard users in the dynamic Web3 landscape.

06.03 / 14:41

markets country CPPIB cuts 10% of Hong Kong jobs on China stock slump

Canada Pension Plan Investment Board has eliminated about a dozen positions in its Greater China public equities team this week, representing close to 10 per cent of its Hong Kong staff, a person familiar with the matter said.

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