City Hong Kong Financial News

17.11 / 01:53

Alibaba shares set to slide 8% after it shelves cloud unit spin-off

HONG KONG (Reuters) — The Hong Kong-listed shares of Alibaba (NYSE:BABA) Group were set to fall 7.8% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties over U.S. restrictions on chips used in artifical intelligence applications.

16.11 / 19:35

IPO Maxim CEO Platform economy 2020 Alibaba shares plunge as much as 10% after canceling plans to spin off cloud unit

Shares of Chinese e-commerce firm Alibaba Group Holding plunged as much as 10% in New York after it said Thursday it scrapped plans to spin off its cloud business because of uncertainties related to U.S. chip restrictions

16.11 / 09:27

business Blockchain regulation Tokens bonds Philippines to sell $179M in tokenized treasury bonds for the first time

The Philippines Bureau of the Treasury announced it would offer 10 billion pesos ($179 million) of one-year tokenized treasury bonds for the first time after canceling the traditional auction scheduled for Nov. 20.

16.11 / 06:31

Provident Target show track country reports Alibaba shares dip as qtrly earnings loom amid China weakness

Investing.com-- Hong Kong-listed shares of Alibaba Group (HK:9988) (NYSE:BABA) fell on Thursday in anticipation of a quarterly earnings report which is expected to show whether the e-commerce giant weathered a downturn in China.

16.11 / 02:44

Target Cooper economy MSCI Nikkei President information Asia stocks waver, expectations of Fed pause intact after data

By Julie Zhu

15.11 / 13:43

economy US federal pension funds exclude Hong Kong

The main US federal government pension will exclude investments in Hong Kong, in addition to mainland China, from its $68 billion international fund, amid rising tensions between the world’s two largest economies.

15.11 / 12:12

Adoption regulation Hex Trust Crypto custodian Hex Trust receives Dubai VASP license

Hong Kong-founded institutional cryptocurrency asset custodian Hex Trust has been given the green light to offer virtual asset custodial services to institutional clients and investors in Dubai.

14.11 / 16:53

Bitget BGX Invests $90 Million in BC Technology Group, Operator of Hong Kong’s OSL Exchange

BC Technology Group, the operator of Hong Kong’s publicly listed cryptocurrency exchange OSL, has secured a significant investment from BitgetX (BGX), the Hong Kong division of the cryptocurrency services provider Bitget, although it is still pending shareholder approval.

14.11 / 12:13

business Funding Bitcoin Owner of Hong Kong crypto exchange OSL secures $90M investment

BC Technology Group, the operator of Hong Kong’s publicly listed cryptocurrency exchange OSL, has announced a significant investment from industry firm BGX.

14.11 / 05:51

Ethereum Bitcoin Hong Kong-Listed Boyaa Interactive Seeks Shareholder Approval for $100 Million Crypto Investment

Hong Kong-based E-gaming giant Boyaa Interactive International Limited is seeking shareholder’s approval for purchasing $100 million worth of crypto in the next 12 months.

13.11 / 16:45

Bitget Crypto Exchange Bitget to Cease Operations in Hong Kong – What’s Going On?

Digital asset exchange, Bitget has announced its planned exit from the Hong Kong market on December 13, 2023, citing certain business concerns.

13.11 / 11:47

regulation Bitcoin Bitget drops plans to seek crypto license in Hong Kong

Cryptocurrencytrading platform Bitget has dropped plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market-related considerations.

13.11 / 06:39

crypto regulation Bitcoin Hong Kong Lawmaker Proposes Bitcoin in Investment Immigration Program

A Hong Kong lawmaker has proposed to incorporate Bitcoin trading into the city’s licensed exchanges in the revived investment immigration program.

13.11 / 05:17

Citi economy show country social reports Charting the global economy: IMF sees a soft landing for Europe

recession, but getting inflation back to normal levels may take several years, according to the International Monetary Fund. The growth outlook in Asia looks sour as China struggles to lure foreign investment, Hong Kong growth lags behind and Indonesian exports deteriorate. In the US, inflation expectations continued to climb as consumers anticipated higher gas prices. Separate data from the Census Bureau show how inflation is still inflicting significant financial stress for many Americans. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: Europe Europe’s economy is unlikely to crash — even as a more-than yearlong bout of interest-rate increases tames inflation, according to the IMF.

11.11 / 18:31

Blockchain Digital Platform Experts dance Wiki Finance Expo Sydney 2023 Is Coming Soon!

Regulation, Forex, Crypto, Web 3.0, Metaverse, AI, ESG Will Be in Focus.

10.11 / 10:43

Reuters Invesco Nov Browser show information recommendations Invesco overweight on China, likes some Hong Kong REITs

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10.11 / 05:47

business Adoption regulation Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital

Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of crypto talent that has been spilling into the aspiring digital asset hub, says Jupiter Zheng, a partner at Hashkey Capital.

10.11 / 04:25

ETF UBS UBS Allows Crypto ETF Trading for Select Hong Kong Clients

UBS Group AG has joined rivals such as HSBC Holdings Plc, in extending an invitation to select clients in Hong Kong to trade specific crypto-linked exchange-traded funds (ETFs).

09.11 / 13:03

Provident Booking Manufacturing Entertainment Parke Tesla reports fall Walt Disney, Affirm, AMC Entertainment, Twilio rise premarket; Lyft, Tesla fall

Investing.com — U.S. futures traded in a muted fashion Thursday, as investors awaited a speech by Fed Chair Jerome Powell while digesting more quarterly earnings.

09.11 / 11:49

NFT Non-fungible tokens Legal Bored Ape Yacht Club Yuga Labs BAYC Legal Action Threatened Over Eye Injuries at ApeFest: Bored Ape NFT Holder Speaks Out

Yuga Labs, the maker of the popular Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), is now on legal notice over injuries sustained at ApeFest.

09.11 / 10:19

business Adoption Standard Chartered’s venture arm to set up crypto fund in UAE

SC Ventures, the fintech investment arm of British bank Standard Chartered, will establish a “Digital Asset Joint Venture” investment company in the United Arab Emirates in partnership with a Japanese financial conglomerate, SBI Holdings.

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