City Hong Kong Financial News

25.10 / 07:21

Reuters SUN WhatsApp reports Hong Kong to cut stock trade stamp duty to 0.1%, half home purchase tax to 7.5%

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) After the announcement of these measures, shares of two major residential property developers Sun Hung Kai Properties and Henderson Land eased 0.2% and 1%, respectively, in early afternoon trading. Additionally, stamp duties for stock transactions would also be reduced to 0.1% from 0.13% to help bolster liquidity in the Hong Kong market.

25.10 / 06:42

UPS Citi Citizens Aware reports travelers Department bail Washington state senator Jeff Wilson arrested in Hong Kong for gun possession and granted bail

Washington state senator was arrested in Hong Kong for carrying a gun that was not registered in the semi-autonomous Chinese city, his website and local media reported. He was released on bail Monday. Jeff Wilson, a Republican from Longview, was arrested after landing at the Hong Kong International Airport on Saturday.

25.10 / 04:07

Citi economy country Hong Kong leader focuses on economy and security in policy address

By Twinnie Siu and Clare Jim

25.10 / 02:11

Blockchain security World Bank bonds Euroclear Euroclear launches digital securities issuance service, settles World Bank bond

Euroclear has launched a digital securities issuance service and settled a 100-million-euro ($106 million) digital World Bank bond. This is the first step in the Brussels-based settlement house’s digital infrastructure strategy, it said.

24.10 / 13:23

ETF Bitcoin Etf Hong Kong CSOP Bitcoin Futures ETF Marks Record Trading Volume and Net Inflow Amid Recent Rally

Hong Kong's CSOP Bitcoin Futures ETF has experienced a surge in trading volume and net inflow amidst the recent Bitcoin (BTC) rally.

24.10 / 13:13

Citi Progressive Assurant Nov President country audience California governor visits China and says his state will always be a partner on climate change

California Gov. Gavin Newsom opened a weeklong trip to China with an assurance that his state will always be a partner on climate issues no matter how the U.S. presidential election turns out next year

24.10 / 13:13

Citi Provident VISA Landmark social 2020 rights A Hong Kong court upholds a ruling in favor of equal inheritance rights for same-sex couples

A Hong Kong court has upheld a ruling that favored the granting of equal inheritance rights to same-sex couples

24.10 / 04:19

UPS Lowe's ETF Fighting Support China stocks struggle on weak sentiment after state fund's support

China stocks edged up in early trade on Tuesday while Hong Kong shares slipped, as markets struggled to rebound amid a lingering weak sentiment after state fund Central Huijin bought exchange-traded funds (ETFs) to bolster the market. China's blue-chip CSI 300 Index added 0.3% and Hong Kong's Hang Seng Index lost 0.3%, both hovering around the lowest levels in the year. The weakness comes against broad fragile sentiment around the globe on risks of continued fighting between Israel and Hamas. A gauge of global equity markets fell to an almost seven-month low on the outlook, as the benchmark U.S.

24.10 / 03:01

Provident Digital Cooper Platform Cross-border Singapore Firm Strikes Cross-border Digital Yuan Deal with Chinese Bank

A Singaporean payments firm has sealed a “cross-border” digital yuan cooperation deal with a major Chinese bank, in another breakthrough for the CBDC.

23.10 / 15:37

Crypto products Virtual assets Safeguards Hong Kong Regulator Gives Greenlight to Wider Retail Virtual Asset Investments With Applicable Safeguards

Hong Kong’s financial regulators The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have released new guidelines on how intermediaries are to conduct virtual asset-related activities in light of new market developments.

23.10 / 13:38

Crypto products Safeguards Hong Kong Regulator Gives Green Light to Wider Retail Virtual Asset Investments With Applicable Safeguards

23.10 / 05:07

Crypto regulations JPEX scandal Hong Kong Customs Chief Addresses Money-Laundering Risks in Crypto Exchanges Post JPEX Scandal

Hong Kong's Commissioner of Customs and Excise, Louise Ho Pui-shan, has called for increased oversight and regulatory measures in response to mounting money-laundering risks within the crypto sector.

20.10 / 23:25

Provident FIVE Digital Platform gossips prevention guidelines Hong Kong’s SFC Moves to Update Crypto Market Regulations Following New Market Developments

Hong Kong's Securities and Futures Commission (SFC) has announced plans to update its framework on cryptocurrency sales and requirements amid the evolving market development of the digital asset industry.

20.10 / 17:19

Law regulation Asia Updates Hong Kong securities regulator updates crypto policies, citing market developments

The Securities and Futures Commission (SFC) of Hong Kong announced it will update its policies on virtual currency sales and requirements “in light of the latest market developments and enquiries from the industry.”

20.10 / 10:41

UPS ANZ country reports strain China's troubled property sector to face more debt defaults

By Xie Yu

19.10 / 17:57

Platform information gossips HKPF and SFC Form Joint Working Group to Tackle Illicit Activities in VATPs

The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have established a dedicated working group aimed at enhancing collaboration in monitoring and investigating illegal activities related to Virtual Asset Trading Platforms (VATPs). The formation of this group comes in the wake of ongoing investigations into the Dubai-based JPEX exchange and aims to bolster regulatory oversight in the rapidly evolving crypto market.

19.10 / 17:31

Blockchain Citi Provident Platform innovations CMCC Global's Titan Fund Secures $100M for Asian Blockchain Ventures

Titan Fund, which is managed by CMCC Global, has closed its inaugural investment round on October 4, raising $100 million with the involvement of over 30 investors. Among the prominent investors are the blockchain startup Block.one, the Pacific Century Group, owned by Hong Kong business magnate Richard Li, Winklevoss Capital, Jebsen Capital, and Yat Siu, creator of Animoca Brands. The financing comes at a time when the cryptocurrency industry is facing a financial crisis as a direct result of a string of failures that occurred in the previous year, one of which being the bankruptcy of the exchange FTX.

19.10 / 17:31

Citi Provident Platform gossips 2020 reports HKEX Introduces Synapse: A New Settlement Acceleration Platform for Stock Connect

Stock Connect is a mutual market access programme that connects Mainland Chinese markets with Hong Kong markets. The most recent addition to Stock Connect is called HKEX Synapse. The platform intends to standardise and simplify post-trade operations, with the end goal of lowering settlement risks and improving operational efficiency. Institutional investors, especially those whose operations span many time zones, will be able to make use of it as an optional service when it becomes available.

19.10 / 07:23

UPS Airlines economy show reports Stock market today: Asian shares follow Wall Street lower, and Japan reports September exports rose

Shares have tumbled in Asia following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks

19.10 / 07:23

Provident Citizens Action President Actor electronic prevention US imposes more Iran drone sanctions as UN rules set to expire

The U.S. has imposed sanctions on a group of people and firms based in Iran, China, Hong Kong and Venezuela, tied to the development of Iran’s ballistic missile and drone programs

18.10 / 05:38

business Adoption data Survey saga Hong Kong’s attitude toward crypto sours after JPEX saga: Survey

Public attitude towards cryptocurrency in Hong Kong has taken a dive following the JPEX crypto exchange scandal, according to the initial findings of a new survey.

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