City Hong Kong Financial News

25.01 / 11:05

Latin America Asia Bakkt Bakkt Crypto Trading Expands Footprint in LatAm and Southeast Asia

Bakkt Holdings, crypto trading and custody platform, announced the expansion of its crypto operations in several crypto-friendly international jurisdictions.

25.01 / 06:51

markets Digital ETF BlackRock Trade Bitcoin Updates Bitcoin Price Prediction: Hits $40,000 Amid ETF Moves & IRS Update

In a market teeming with activity, Bitcoin’s latest surge to $40,000, marking a nearly 1% increase on Thursday, has investors and analysts revisiting their Bitcoin price predictions. This uptick comes amidst a flurry of significant developments: Chinese investors, spurred by stock market dynamics, are increasingly engaging with Bitcoin despite its prohibited status in the country.

25.01 / 04:11

markets JPMorgan Compilation Pool Citigroup Enterprise wellness Top banker pay sinks below $1 million in Asia as bonuses vanish

Wall Street firms in Asia dropped to the lowest level in almost two decades, according to people familiar with the matter, as a dearth of deals in China and Hong Kong hammered the industry. Total compensation for many senior bankers in Asia ex-Japan fell to $700,000 to $800,000, well below the $1 million or more they have typically earned since the turn of the millennium, the people said, asking not to be identified discussing private matters. At least 20 percent of managing directors at banks including Morgan Stanley and UBS Group AG, received no bonuses last year, the people said.

24.01 / 22:01

markets UPS Action Trade blues reports Marketmind: China optimism spreads, S Korea GDP in focus

By Jamie McGeever

24.01 / 15:47

markets UPS Citi Provident JPMorgan reports NOT As Bank of America cuts in Hong Kong, it's not the only one exposed

Bank of America has been cutting senior bankers in Hong Kong. Bloomberg reported yesterday that the bank has let go of a number of senior dealmakers in the city, including its head of Southeast Asian ECM, Sunil Khaitan, who joined from Deutsche Bank in 2018.

24.01 / 13:55

Blockchain UPS Citi community stage innovations gatherings Hong Kong Web3 Festival 2024: Asia’s Top Crypto Event to Unlock the Future of Web3

Following the unrivaled success of its record-breaking 2023 event, Hong Kong Web3 Festival is returning for its second edition on the 6-9 of April 2024 in the vibrant and dynamic hub of technology and innovations. Held at Hong Kong Convention and Exhibition Center (HKCEC), one of the world’s largest and most iconic venues in the heart of Hong Kong, the second edition of the event promises to set the stage for ground-breaking discussions and insights that are expected to shape the narrative around Web3 and blockchain.

24.01 / 11:55

markets Provident BTG show performer Latin reports Emerging markets stocks bolstered by stimulus talks

Emerging-market stocks gained Tuesday as shares in Hong Kong rebounded from a 14-month low on speculation of a new stimulus package in China, while currencies pared earlier losses.

24.01 / 09:47

markets UPS economy Enterprise 2020 reports Hong Kong stocks bounce after PBOC announces rate RRR cut, China up

By Summer Zhen

24.01 / 05:43

markets UPS Trade show performer track reports Alibaba’s Hong Kong shares surge 5% on report of Ma buying stock

Investing.com-- Hong Kong shares of Alibaba Group (NYSE:BABA) surged on Wednesday, tracking a bounce in their U.S. counterparts after reports showed co-founders Jack Ma and Joe Tsai were acquiring shares in the e-commerce giant.

24.01 / 03:37

CBDC Digital Platform BIS innovations testing International BIS Unveils 2024 CBDC Plans, Project ‘Aurum’ Enters New Phase

The Bank of International Settlements (BIS) has unveiled that its central bank digital currency (CBDC) is entering a new phase this year.

24.01 / 03:17

markets UPS MSCI Nikkei performer blues reports Asian stocks Asian stocks gain as potential China rescue package lifts mood

Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen.

23.01 / 18:27

markets UPS Provident Booking President prevention Markets take a plunge; stormy weather ahead

MUMBAI : Indian markets plunged on Tuesday as global funds sold heavily in HDFC Bank Ltd and Reliance Industries Ltd (RIL), and retail investors booked profits in smaller stocks, erasing investor wealth of ₹8.56 trillion. The carnage may not be over, though: The derivatives market and the domestic fear index continue to flash signals of turbulence ahead. HDFC Bank and RIL, which command the highest weights in benchmark indices and clocked disappointing earnings in the December quarter, contributed to almost half (48.63%) of the Sensex’s 1,053.10, or 1.47%, fall to 70,370.55.

23.01 / 17:55

markets economy Nikkei Trade show reports Asian stocks Stock market today: Asian stocks gain after Wall St's latest record. Bank of Japan keeps policy lax

Asian shares are mostly gaining after Wall Street built on its all-time high reached last week, while Japan's central bank has kept its easy credit policy intact

23.01 / 16:05

Target Manufacturing electronic CCI greenlights Tata Electronics' acquisition of iPhone maker Wistron Infocomm

Tata Electronics-Wistron deal. This proposed combination involves the acquisition of 100 per cent equity share capital of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited.

23.01 / 10:51

markets Provident ETF security Bitcoin Bitcoin Etf Bitcoin ETFs Gain Momentum in Asia Post U.S. Approval

As the first Bitcoin spot price exchange-traded funds receive historic approval in the United States, Asian industry leaders, particularly in Hong Kong, are actively exploring similar crypto products.

23.01 / 06:41

markets UPS FIVE economy MSCI country 2020 As China’s markets plunge, what alternatives do investors have?

foreign investors. Some are most worried by China’s souring relations with Western governments. Others fret about the unprecedented slump in the country’s property market.

23.01 / 06:41

markets Action Compilation economy country reports Updates 'It was inevitable...': Anand Mahindra after Indian stock markets surpass Hong Kong in market cap

Markets LIVE Updates here "It was inevitable… Markets often seem irrational, but at their best, they are harbingers of an economy’s future. And the future looks strong, to say the least. Continuing reforms combined with strong governance of markets and the financial system will keep us Rising…" he posted.

23.01 / 05:45

markets UPS trends Trade reports open Stock market today: Sensex, Nifty 50 gain nearly 1% at open: 5 key reasons behind the market rally

Also Read: India overtakes Hong Kong as world’s fourth-largest stock market by market capitalisation However, he advises investors to remember that sentimental impact cannot last long. “Tensions in West Asia and the Red Sea are areas of serious concern. If something goes wrong, the market will be impacted since valuations are high.

22.01 / 12:41

Citi Digital ETF Bitcoin reports Spot ETFs crypto ETFs OSL Executive Director: Hong Kong Expected to Approve Spot Crypto ETFs by Mid 2024

Hong Kong may witness the launch of its first spot crypto exchange-traded funds (ETFs) by the middle of this year.

22.01 / 07:39

Citi Bitcoin Hong Kong Set to Host This Year’s Bitcoin Conference, Lawmaker Says

Hong Kong will host The Bitcoin Conference this year, local lawmaker Johnny Ng said in a recent post on X.

19.01 / 17:51

markets UPS ETF security Trade Bitcoin Financial Hong Kong Financial Services Firm Unveils Plans to Launch Region’s Premier Spot Bitcoin ETF

Hong Kong-based Venture Smart Financial Holdings Limited (VSFG) is gearing up to seek approval from the Securities and Futures Commission (SFC) for the introduction of a Bitcoin spot exchange-traded fund (ETF).

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