City Hong Kong Financial News

The saga of the imploded cryptocurrency exchange JPEX continues to develop as Taiwanese prosecutors have reportedly found new alleged suspects.

Ultraviolet (UV) lights were the likely culptit behind the reported vision loss, eye pain and skin issues for at least 15 attendees of Yuga Labs’ ApeFest event in Hong Kong last week, the nonfungible token (NFT) conglomerate has confirmed.

Hong Kong Immigration Department has made pre-arrival registration mandatory for Indian travellers. Indian nationals travelling to Hong Kong will need to complete a pre-arrival registration process online before they board their flight. «Indian nationals must apply for and successfully complete pre-arrival registration online before they can visit or transit the HKSAR visa-free (if seeking to enter the HKSAR during transit). Pre-arrival registration is not required for Indian nationals in direct transit by air and not leaving the airport transit area,» the Hong Kong Immigration Department said on its website. An Indian national can make use of the online service to apply for pre-arrival registration free of charge if he/she: Upon successful registration, travelers will receive a computer-generated notification slip. This slip must be printed on A4-sized paper and presented at the airline’s check-in counter. The details on the notification slip must match the traveler’s passport information exactly. Failure to present this document may result in denied boarding. «When applying for pre-arrival registration, the registrant must truthfully enter the correct information. The information the registrant provides in the pre-arrival registration needs to be exactly the same as it appears in his/her passport and he/she must use the same passport that is linked to it when visiting the HKSAR,» Honk Kong immigration department has warned travellers.

The initiative aims to explore the potentials of deposit tokenisation in enabling always-on, real-time treasury fund movement between accounts held by a corporate within the HSBC network.Conducted under the Hong Kong Monetary Authority's Fintech Supervisory Sandbox arrangement, the test encompassed the issuance, transfer, and redemption of deposit tokens. During the test, HSBC was connected to the blockchain platform developed by Ant Group.

Pizza Hut has started selling snake pizza. The popular American outlet has collaborated with a long-established restaurant in Hong Kong to put a contemporary twist on a traditional delicacy, featuring snake as a key ingredient on their pizza. This novel creation incorporates shredded snake meat, black mushrooms, and Chinese dried ham, all of which are essential components of an authentic snake stew. The introduction of this unique pizza is part of the marketing strategy of the Hong Kong franchise to generate online buzz and intrigue. These ingredients closely mirror those found in a traditional snake stew, a dish highly popular in Hong Kong and southern China, particularly during the colder months. Snake meat is often associated with potential skin benefits and the promotion of improved blood circulation. This unique dish is available for purchase in Hong Kong until November 22, offering a limited-time experience for curious food enthusiasts. Earlier in November, Sapphire Foods India, a Yum Brands franchisee, reported a 20 per cent decline in quarterly same-store sales at its Pizza Hut India restaurants on sluggish demand and said it is «cautious» about opening more outlets. Demand for pizzas has been slowing over the last few quarters, with restaurant operators pushing up prices in line with higher ingredient costs and as people have been shunning pizzas for fried chicken and burgers. Sapphire blamed the same-store sales decline at its Pizza Hut India restaurants, which make up roughly a quarter of its revenue, on «tough macro conditions and specifically high competitive intensity in the pizza category.» The decline has also forced Sapphire to rethink its plans to open additional Pizza Hut restaurants.

Linekong Interactive, a gaming and film production company headquartered in Beijing and listed on the Stock Exchange of Hong Kong (HKEX), is allocating $15 million to invest in projects building on the Bitcoin network.

₹10,800 crore), two people aware of the development said, in what may rank among the largest green energy deals in India. The Acme Solar InvIT will be privately listed and will be sponsored by India’s largest pure-play solar platform Acme and incoming investors. The InvIT will house 1.8 gigawatts (GW) of operating solar assets.

Following the abrupt departure of Henry Tsai, Morgan Stanley's head of APAC internet banking Morgan Stanley appears to have lost another even more senior banker from its internet banking team. 

Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC).

The Swiss crypto bank SEBA has announced that its wholly owned subsidiary SEBA Hong Kong has received a full license from the city’s Securities and Futures Commission (SFC).

Payments infrastructure business Cuscal, which was vying to be 2023’s second-biggest IPO after Redox, has deferred its run at the ASX boards.

₹400 crore to buy the three aircraft but is staring at further headwinds as the aircraft grounded for over four years will require 8-12 months to become airworthy and flown out of India. It will take some more time to convert the passenger planes to freighters, the company said. “...the more you wait, or the more the aircraft is on ground, it loses value and eventually you reach a point when the value of the assets is zero or sometimes even minus.

The hype surrounding the potential launch of a spot Bitcoin exchange-traded fund (ETF) is not only driving up the price of Bitcoin but has also reignited enthusiasm in the crypto gaming sector, according to Animoca Brands co-founder and executive chairman Yat Siu.

Attendees of the Yuga Labs ApeFest event in Hong Kong have reported suffering burns, eye damage, and extreme pain in their eyes after attending the event.

Shares have mostly fallen in Asia after a mixed close on Wall Street

By Selena Li

Investing.com — Here is your Pro Recap of the biggest insider trades and institutional investor headlines you may have missed last week: Berkshire Hathaway sells $25.8 million worth of shares in China's BYD, Cole Capital Funds seeks to acquire 51% of WeWork, and top brass buys at Align Technology, Arbor Realty Trust, Loews, Greenbrier, and Fifth Third Bancorp.

Several attendees of Yuga Labs’ ApeFest event on Nov. 4 in Hong Kong reported eye-related issues, including burns, damaged vision and “extreme pain” in their eyes.

The cryptocurrency community is excited about the Hong Kong government reportedly weighing the launch of a spot cryptocurrency exchange-traded fund (ETF) amid the ongoing regulatory pushback against such products in the United States.

The Securities and Futures Commission (SFC) of Hong Kong laid down the business requirements for offering tokenized securities and other investment products in a circular released Nov. 2.

Enthusiasm surrounding a possible spot Bitcoin (BTC) exchange traded fund (ETF) isn’t just driving up the price of Bitcoin — it's also sparked a resurgence of enthusiasm for blockchain games, says Animoca Brands founder Yat Siu.