City Hong Kong Financial News

28.02 / 02:23

markets Reuters Action Courts International Country Garden faces liquidation petition in new blow to China property sector

By Scott Murdoch and Clare Jim

27.02 / 23:13

Provident BLOCK Freedom reports Department International US and UK hit Iranian deputy commander and Houthi member with sanctions

The U.S. and United Kingdom sanctioned a deputy commander of Iran’s Islamic Revolutionary Guard Corps and a Houthi militant member, Tuesday

27.02 / 07:45

Huobi Hong Kong-Based HTX, Formerly Huobi, Withdraws Crypto Exchange Application

Hong Kong-based cryptocurrency exchange HTX, formerly known as Huobi Global, withdrew its application for a license on February 23, according to a filing posted on the Securities and Futures Commission website.

26.02 / 17:58

SFC BitForex Halts Withdrawals Without Explanation, Leaves Users in Dark

Hong Kong-based cryptocurrency exchange BitForex has faced a complete blackout since suspending its website and trading application on February 23.

23.02 / 08:27

Citi Provident FIVE Reuters economy Kirklands Courts Exclusive-In a first, Chinese developer's creditors plan to sue state-owned shareholder for dues

By Xie Yu

23.02 / 04:55

markets Trade performer country StanChart clocks 22% jump in 2023 profit, announces $1 bln buyback

Investing.com-- Asia-focused lender Standard Chartered PLC (HK:2888) (LON:STAN) clocked a stronger profit for 2023 as it benefited from higher interest rates, with the bank also announcing a $1 billion buyback.

22.02 / 14:32

Provident Target security wellness show social Investigations An online dump of Chinese hacking documents offers a rare window into pervasive state surveillance

Chinese police are investigating an unauthorized and highly unusual online dump of documents from a private security contractor linked to China’s top policing agency and other parts of its government

22.02 / 11:01

Blockchain Provident Digital CEO Trade stage gatherings Initial List of Partner Sponsors, Exhibitors, and Speakers Announced for Upcoming Hong Kong Web3 Festival 2024

An initial list of high-value speakers and industry-leading sponsors have been announced for Hong Kong Web3 Festival 2024, set for April 6-9 at the iconic Hong Kong Convention and Exhibition Center (HKCEC) with over 9,000㎡.

21.02 / 15:17

Provident Progressive security Bill crypto regulation Trade Hong Kong Government Pushes for Licensing Bills on Stablecoin and OTC Crypto Trading

The Hong Kong government aims to submit licensing bills for stablecoin and over-the-counter (OTC) crypto trading frameworks in order to regulate the crypto industry and enhance investor protection.

21.02 / 06:57

UPS Target economy wellness pandemic reports HSBC profits soar in 2023, announces share buyback despite geopolitical, economic concerns

HSBC noted the effects of China's slower-than-expected economic recovery after the Covid-19 pandemic as well as heightened geopolitical tensions. The firm reported pre-tax profits of $30.3 billion, up from $17.1 billion the year before, in a statement to the Hong Kong stock exchange. Profit after tax increased by $8.3 billion, to $24.6 billion.

21.02 / 05:45

COST UPS Trade track reports HSBC shares sink 3% after pre-tax annual profit misses estimates on impairment costs

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21.02 / 05:09

markets UPS Target Platform Trade International HSBC 2023 profit surges, announces $2 bln buyback

Investing.com-- Asia-focused lender HSBC Holdings PLC (HK:0005) (LON:HSBA) clocked weaker-than-expected profit growth for 2023, but still marked a record-high pre-tax profit as it benefited greatly from higher interest rates across the globe, with the bank also announcing an up to $2 billion buyback.

20.02 / 21:59

markets UPS NVIDIA Trade performer reports Marketmind: Chips off the table ahead of Nvidia

By Jamie McGeever

19.02 / 09:25

Target CEO Enterprise stage Schools Pure EV raises $8 million in funding

Electric two-wheeler firm Pure EV on Monday said it has raised USD 8 million (around Rs 66 crore) from a consortium of investors. The funding was led by Bennett Coleman and Company Ltd, Hindustan Times Media Ventures, alongside Ushodaya Enterprises Pvt Ltd, existing investors and high net-worth individuals, Pure EV said in a statement. The Hyderabad-based company said it is currently in the final stage of concluding its Series A1 funding round, amounting to USD 25 million with the participation of a foreign institutional investor.

16.02 / 18:23

Ethiopia Explores Crypto Mining with New Hong Kong Data Center Deal

Ethiopia has inked a memorandum of understanding with Data Centre Service, a subsidiary of Hong Kong’s West Data, to build a $250 million data mining infrastructure project in the country.

16.02 / 08:22

markets UPS economy country information reports Exclusive-HSBC to improve ties with Hong Kong unit Hang Seng to mitigate risk, say sources

By Sumeet Chatterjee, Engen Tham and Selena Li

16.02 / 06:11

markets UPS economy show country reports Hong Kong stocks rally as markets position for China reopening

Investing.com-- Hong Kong’s Hang Seng index shot up on Friday as traders piled into China-exposed stocks before the reopening of mainland markets after a week-long holiday next week.

15.02 / 17:37

Asia Still Attractive to Crypto Players, But US Sees Increased Interest Post-ETF Approval + More Crypto News

Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news.

15.02 / 14:21

UPS Discover pop Features International Explore the Coolest Art Experiences Along Hong Kong’s Victoria Harbour This Spring

Whether you're up for brand new events or the comeback of top exhibitions, discover incredible art experiences on both sides of Victoria Harbour this March and beyond.It’s that time of year again! Hong Kong is gearing up to host an array of creative experiences this spring. From a mesmerising new team Lab installation to much-anticipated annual events like Art Basel Hong Kong, travellers will be immersed in art on the banks of Victoria Harbour. Kick-start your artsy adventure with teamLab’s groundbreaking "Continuous" installation on Central Harbourfront.

15.02 / 12:09

UPS Stablecoin BLOCK Binance Digital Trade Binance’s Trading Volume Soars with FDUSD Stablecoin Pairs Leading the Charge

The trading pairs involving First Digital USD (FDUSD) have seen a surge in trading volume on Binance, reaching its highest share ever in spot trading volume on the exchange.

14.02 / 13:09

Crypto regulations Crypto.com Crypto.com Applies For Crypto Exchange License With Hong Kong SFC

Crypto.com, the US-based cryptocurrency exchange, has thrown its hat into the ring for a license to operate in Hong Kong. The company submitted an application to the Hong Kong Securities and Futures Commission (SFC) on February 9th, seeking approval to operate as a virtual asset trading platform (VATP).

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