City Hong Kong Financial News

17.01 / 10:26

markets Target economy Nikkei Trade show country Asian stocks Asian stocks hit by rate-cut uncertainty, middling China GDP; Nikkei rises

Investing.com-- Most Asian stocks fell on Wednesday as Federal Reserve officials downplayed expectations for early interest rate cuts, while economic growth figures from China largely underwhelmed markets.

16.01 / 15:27

FIVE Cooper Airlines Parke Cathay reports Traffic Cathay Pacific plane 'struck' by Korean Air aircraft at Japan airport, no injuries

Cathay Pacific plane while taxiing at a Japanese airport on Tuesday, with both airlines saying there were no injuries. The incident comes two weeks after a near-catastrophic collision at Tokyo's Haneda Airport when a Japan Airlines plane collided as it landed with a smaller coast guard plane. Cathay Pacific said the accident on Tuesday took place while its aircraft was parked at New Chitose Airport serving Sapporo on the northern island of Hokkaido.

16.01 / 13:09

markets UPS DOW economy Trade Stock market today: Asian shares sink as jitters over Chinese markets prompt heavy selling

Shares are lower in Europe and Asia, with Hong Kong's benchmark down more than 2% as jitters over China's outlook cast a shadow over regional markets

16.01 / 12:09

markets UPS Citi DISH love Celebrity performer NOT Celebrate CNY in Hong Kong Like a Local: Experience Little-Known Festive Traditions and Not-to-be-missed Events

With bustling flower markets, exciting city-wide events and beautiful festive displays galore staging throughout the entire festive period from day to night, Hong Kong is one of the Asian cities with the richest CNY ambience. Tourists looking to experience a celebration like no other should definitely pay a visit during Chinese New Year - and we can show you how to celebrate just like the locals do.#1 Tuck into a Poon Choi Feast for Being Perfect in Every Way Also known as a “basin meal,"poon choiused to be a rather under-the-radar dish, confined mostly to rural villages.

16.01 / 04:33

Web3 Crypto Exchange Hong Kong Licensed Crypto Exchange Hashkey Operator Raises $100M With $1.2B Valuation

In a recent funding round, HashKey Group, the operator of one of Hong Kong’s two licensed crypto exchanges, successfully raised close to $100 million with a valuation of over $1.2 billion.

16.01 / 03:39

markets Blockchain security Trade Schools Crypto firm HashKey secures $100 million funding, exceeds $1 billion valuation

HashKey Group said on Tuesday that it raised nearly $100 million after the completion of a Series A financing round, at a pre-money valuation exceeding $1.2 billion. HashKey said the newly raised capital will be used to strengthen its Web3 ecosystem, enhance product diversification of its licensed business in Hong Kong and support the Group's global development.

15.01 / 19:37

Research Simulation Universities information reports testing Schools Baidu denies report that its Ernie AI chatbot is linked to Chinese military research

Baidu on Monday refuted a newspaper report that said its artificial intelligence chatbot Ernie was linked to Chinese military research. Hong Kong newspaper South China Morning Post on Friday cited an academic paper from a university affiliated with the People's Liberation Army cyberwarfare division. The paper stated that the division had tested its artificial intelligence system on Baidu's Ernie and on artificial intelligence firm iFlyTek's Spark, both of which are language-based AI chatbots similar to ChatGPT.

15.01 / 13:26

markets UPS DOW economy reports fall Stock market today: Shares fall in Europe after gains in Asia. US markets are closed for a holiday

European markets have opened lower while Asian markets were mostly higher as the week got off to a mixed start

12.01 / 08:24

markets COST UPS Citi Provident 2024 Weak demand, tighter lenders: Hong Kong property developers face tough 2024

By Clare Jim

12.01 / 08:24

UPS Reuters economy show performer country Exclusive-China's Harvest Fund cuts Hong Kong staff in pullback from offshore business, sources say

By Xie Yu and Selena Li

11.01 / 10:01

Citi ETF security Bitcoin innovations Spot ETFs Hong Kong Lawmaker Urges Government to Follow US in Approving Spot Bitcoin ETFs

In the wake of the United States’ approval of spot Bitcoin ETFs, a lawmaker in Hong Kong has called on the local government to swiftly follow suit and position the city as a leader in the cryptocurrency space.

10.01 / 18:47

Provident Digital Platform Align innovations guidelines Features Hong Kong to introduce comprehensive stablecoin regulation, focusing on innovation and investor protection.

Hong Kong is poised to set a global precedent in the cryptocurrency sector by introducing comprehensive regulations for stablecoin issuers. This development, encompassed in a public consultation from December 27, 2023, to February 29, 2024, marks a significant step in the region's approach to digital assets.

10.01 / 18:27

Fiat-Crypto Payment Firm Alchemy Pay Adds BINs for Crypto Card

Alchemy Pay, a Singapore-based crypto payment gateway has added new Bank Identification Numbers (BINs) for its crypto card. The feature will be available for users in Hong Kong.

10.01 / 12:25

markets ETF SEC Bitcoin stage Spot ETFs crypto ETFs About 10 Fund Companies Preparing to Launch Spot Crypto ETFs in Hong Kong: HashKey Group

While 13 Bitcoin spot ETFs await approval from the US SEC, the Chief Operating Officer of HashKey Group, Livio Weng, has revealed that about ten fund companies are currently preparing to launch Virtual Asset Spot Exchange-Traded Funds in Hong Kong.

10.01 / 09:29

markets Strategy economy Enterprise Election Southern cover Low China stocks hover near five-year low on weak sentiment

China stocks dipped again on Wednesday to the lowest since February 2019, while Hong Kong shares logged a seven-day losing streak, as the absence of market catalysts kept investor sentiment low. ** The blue-chip CSI 300 Index and the Shanghai Composite Index fell 0.5% each. ** Hong Kong's Hang Seng Index fell 0.6% and the Hang Seng China Enterprises Index dropped 0.5%. ** In Asia, Japanese stocks hit a near 34-year high, while other Asian equities meandered around one-month lows ahead of U.S.

09.01 / 15:07

UPS Citi Food Celebrity travelers Double the Memories: Plan an Unforgettable Valentine’s Day and CNY Getaway in Hong Kong

Known for its distinctive East-meets-West culture, Hong Kong is ideal for couples to create a unique and timeless memory. From exploring the city on a swoon-worthy photoshoot to creative workshops for crafty couples and dinners at the hottest restaurants in town, it’s time for you to start planning an unforgettable Valentine’s Day in one of Asia’s most romantic cities.

09.01 / 04:58

UPS Citi Airlines Cathay pandemic show travelers Cathay Pacific needs to address capacity issues, Hong Kong leader says

HONG KONG (Reuters) — Plans by Hong Kong's Cathay Pacific Airways (OTC:CPCAY) to slash flights during the busy Lunar New Year period show the airline needs to address its capacity problems, the city's leader said, while its pilot union called for a government enquiry.

08.01 / 19:59

markets UPS Manufacturing Enterprise Trade Courts Chinese property firm Evergrande's EV company says its executive director detained

The electric vehicle unit of troubled Chinese property developer China Evergrande says its vice chairman has been detained by police on “suspicion of illegal crimes.”

08.01 / 07:22

COST Citi Target security pandemic Diversity reports Hybrid to full-time office: Hong Kong workers seek 6% hike. Here's why

CBRE Group Inc. Compounding the issue, mainland companies, which historically contributed to rising rentals, accounted for only 11% of new leases in 2023, down from 18% in 2021. In response to the potential demand for increased in-office presence, 27% of respondents sought a salary raise, predominantly targeting a 6% or higher increment, while another 24% contemplated changing jobs to secure flexible work arrangements.

04.01 / 12:00

COST UPS Provident Target show NOT Hong Kong will not sell residential, commercial land this quarter amid slow demand

HONG KONG (Reuters) — Hong Kong said on Thursday it will not sell any residential or commercial land in the first three months of 2024, citing sluggish market sentiment and high vacancy rates respectively.

03.01 / 10:53

IPO FIVE Research Trade show country rights China's largest bubble tea makers Mixue and Guming apply for Hong Kong IPO

SHANGHAI/SYDNEY (Reuters) — China's leading bubble tea makers including Mixue Bingcheng and Guming are rushing to apply for first-time share sales in Hong Kong as companies in the fast-growing sector expand aggressively amid fierce competition.

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