City Hong Kong Financial News

17.10 / 19:34

UPS Provident Art CEO Baidu Chinese search engine company Baidu unveils Ernie 4.0 AI model, claims that it rivals GPT-4

The Chinese search engine and artificial intelligence firm Baidu has launched the latest version of its artificial intelligence model Ernie 4.0

17.10 / 18:15

Citi Digital Progressive Platform Align country Latin Hong Kong's Crypto Rise: Harbinger for China?

Eastern Asia has seen its cryptocurrency market dynamics shift significantly, with a notable decline in crypto activity over recent years, primarily attributed to China's restrictive stance. However, a wind of change may be blowing from Hong Kong, as the region experiences a surge in crypto-related initiatives and regulatory friendliness, igniting speculations regarding China's evolving digital asset outlook, according to Chainalysis.

17.10 / 12:23

crypto regulation JPEX scandal JPEX Scandal Undermines Trust in Crypto Among Hong Kongers, Survey Reveals

Attitudes toward crypto in Hong Kong have taken a hit, as a new survey reveals a growing aversion to virtual assets in the aftermath of the JPEX scandal.

16.10 / 13:09

Crypto regulations Crypto Exchange valuation Hong Kong's OSL Crypto Exchange Explores Sale at $128 Million Valuation

Hong Kong-based BC Technology Group Ltd. is reportedly in the early stages of considering the sale of its crypto exchange platform OSL.

16.10 / 10:35

ETF Asia ETFs 500 KraneShares launches S&P China 500 ETF

The total exchange ratio of the ETF is 0.55%

15.10 / 10:05

Blockchain Digital Progressive Platform innovations information DFINITY Unveils $20 Million ICP Asia Alliance to Propel Web3 Adoption

On September 28, 2023, the DFINITY Foundation, a non-profit R&D entity and a significant player in the Internet Computer Protocol (ICP) blockchain sphere, launched the ICP Asia Alliance and initiated a $20 million grant fund to bolster blockchain and AI endeavors in Asia. The alliance, rooted in Zurich and Hong Kong, focuses on promoting Internet Computer blockchain uptake, nurturing collaborations, and catalyzing innovation within the booming Web3 and AI domain in Asia.

15.10 / 08:17

Provident FIVE prevention South Korea to fine two Hong Kong banks for naked short-selling

SEOUL (Reuters) — South Korea's stock market watchdog said on Sunday it found two Hong Kong-based investment banks had engaged in naked short-selling, which would likely result in record fines.

13.10 / 13:55

business stocks Stock Market Indexes Returns Stock markets across Asia and Europe bleed red as interest rate woes returns

Asian and European stock markets faced sharp declines on Friday, with China spearheading the downturn as its September consumer price index showed no growth. Markets pundits say weak economic indicators from China could become a cause of concern for the global economy.

12.10 / 18:05

business Europe stocks UK government stock exchange Stock Market Indexes Stocks across Asia and Europe rise on Economic growth indicators

Stock markets in the Asia-Pacific region and Europe saw gains on Thursday. This uptick was attributed to the United Kingdom’s economic recovery, China’s recent stimulus measures and expectations surrounding the United States Consumer Price Index.

12.10 / 06:15

Crypto Adoption SFC Hong Kong Retail Investors More Interested in Crypto Than Ever Before, Reveals SFC Survey

Hong Kong's retail investors' interest in cryptocurrencies has recorded a significant surge this year, according to a recent survey by the Investor and Financial Education Council (IFEC), a subsidiary of the Securities and Futures Commission (SFC), Hong Kong’s securities regulator.

12.10 / 05:09

UPS Reuters Action economy reports prevention Exclusive-China bars brokerages from accepting new mainland clients for offshore trading, say sources

By Selena Li and Summer Zhen

11.10 / 17:53

business Blockchain Less than 50% of Hong Kong retail crypto investors aware of relevant regulations: Survey

Just 47% of retail crypto investors in Hong Kong are aware of the Virtual Asset Trading Platform Regulatory Regime, a piece of legislation that went into effect this June to protect the interests of retail investors in digital assets in the region.

11.10 / 14:45

business Europe stocks Stock Market Indexes Asian markets surge as European stocks show mixed performance

The stock market in Asia and Europe had a contrasting day where a majority of the stock markets across the Asia-Pacific region climbed across the board while European markets had a mixed day. While South Korea's bullish rally drove Asian markets, European shares faced downward pressure from underperforming luxury stocks.

11.10 / 13:55

Blockchain Digital Platform Remark stage innovations guidelines Enabling Innovation in Asset Management: SFC's Approach

Key Takeaways

10.10 / 11:09

economy Chinese developer Country Garden says it can't meet debt payment deadlines

Chinese property developer Country Garden has warned it cannot meet deadlines to repay its loans as the company struggles to restructure its debts

10.10 / 10:29

Meta ChatGPT OpenAI Saudi Arabia and China collaborate on Arabic-based AI system

The King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has collaborated with two Chinese universities to create an Arabic-focused artificial intelligence (AI) system.

10.10 / 08:09

Binance scam Warning Phishing scams Hong Kong Police Issues Warning After Binance Users Lose $450K in Phishing Scams

The Hong Kong police force has issued an alert after 11 Binance users in the region fell victim to phishing scams, losing over $450,000 combined.

10.10 / 07:13

business Binance regulation Scams Fraud phishing HK Binance users in Hong Kong lose $450K in wave of fraud texts: HK police

Hong Kong’s police force has raised the alarm after 11 Hong Kong-based Binance customers were targeted in a wave of phishing scams sent through text messages.

10.10 / 05:37

Citi MET Cooper Platform country Hong Kong eyes stronger economic and trade ties with Thailand to expand its role in Southeast Asia

Hong Kong's leader says the city will seek to strengthen its economic and trade ties with Thailand after a meeting with the country’s prime minister

07.10 / 21:15

UPS Citi Provident CEO economy gatherings Mori Building opens new development in Tokyo, part of push to revitalize the city

Tokyo is constantly recreating itself

07.10 / 21:15

UPS Nikkei KOSPI show reports Benchmarks Stock market today: Asian benchmarks mostly rise in subdued trading on US jobs worries

Asian shares are mostly higher in cautious trading after Wall Street drifted to a quiet close on worries about a too-hot U.S. job market

what's happening in city Hong Kong

What is the current situation in city Hong Kong?

In city Hong Kong, the spotlight is on socially significant developments that affect the region’s daily life.

Where can I find reliable news about city Hong Kong?

We publish verified updates about the situation in city Hong Kong, based on information from official representatives.

What shapes the media agenda in city Hong Kong?

The news landscape of city Hong Kong is shaped by major cultural and social events, reflecting its local way of life.