City Hong Kong Financial News

06.09 / 18:27

business HashKey signs MOU for crypto exchange insurance

Users of Hashkey Exchange Hong Kong will soon be able to receive insurance protection on digital assets custodied on the platform.

06.09 / 11:19

UPS AXY NIFTY SENSEX Top gainers, losers today: Bharti Airtel, HDFC Bank, Tata Steel, NTPC, among most active stocks today; check full list

Nifty settled higher for the fourth consecutive session on Wednesday, September 6, supported by gains in shares of select heavyweights, including HDFC Bankand Bharti Airtel. However, weak global cues curtailed gains for them as concerns over interest rate hikes and weakening global economic growth weighs on market sentiment. In Asian markets, Tokyo, Shanghai and Hong Kong ended in the green while Seoul settled lower.

06.09 / 08:31

Crypto Billionaire Justin Sun Predicts Next Bull Cycle

Tron founder Justin has predicted that the market is poised to enter a new bull cycle within the next two years.

06.09 / 00:51

UPS CEO audience Macquarie Macquarie revises outlook as asset sales push out to second half

Macquarie Group’s asset management arm downgraded its short-term outlook as it expects returns from potential asset sales to push out into the second half of the investment bank’s 2024 financial year.

05.09 / 02:53

NIFTY SENSEX Nikkei KOSPI show 5 things that changed for market overnight: Gift Nifty, China slowdown to global market cues for Sensex today

Indian stock market is expected to open lower on Tuesday following weakness in Asian markets ahead of key economic data releases in the region. The US markets were shut for a holiday. The Reserve Bank of Australia will announce its interest rate decision, while the purchasing managers index readings from China, India and Hong Kong will also be released today.

04.09 / 20:05

OKX VASP OKX In Final Stage To Obtain Hong Kong VASP License As Retail Trading Market Grows

Digital asset exchange, OKX has entered the final stage to obtain a Virtual Asset Service Provider License (VASP) in Hong Kong.

04.09 / 13:21

UPS Citi performer track country song Time NOT China’s Country Garden Buys Time to Repay Debt—but Not Long

HONG KONG—China’s top surviving private developer bought more time to sort out its liquidity problems, giving investors hope that it will cobble together enough cash to avoid defaulting on its U.S. dollar bonds this week. Last Friday, Country Garden Holdings said it got approval from investors in mainland China to extend the maturity date of $537 million in domestic bonds by three years.

04.09 / 13:17

UPS Manufacturing SENSEX country Time valuation BSE-listed firms' market valuation hits all-time high of Rs 315 lakh crore

all-time high of Rs 315 lakh crore on Monday, helped by strong investor sentiments amid encouraging domestic macroeconomic data and a firm trend in global stocks. The BSE benchmark Sensex climbed 240.98 points, or 0.37 per cent, to settle at 65,628.14.

04.09 / 11:11

Blockchain regulation Bitcoin Regulation Bitcoin VASP OKX crypto exchange enters final stage of Hong Kong VASP license application

OKX cryptocurrency exchange has entered the final stage before acquiring a virtual asset service provider license (VASP) in Hong Kong. The crypto exchange expects the final approval for a VASP by March next year.

04.09 / 08:33

UPS Reuters country creditors Deal index share price surges Country Garden share price surges 19% on debt deal with creditors, Hong Kong property index up 9%

real estate player sought approval from its creditors to extend the maturity on a 3.9 billion yuan ($540 million) onshore private bond in a vote that ended on Friday night. The extension means the developer can repay the debt in instalments over three years, instead of meeting its obligations by Saturday. The bond is not publicly traded," the Reuters reports added.

04.09 / 02:25

UPS Manufacturing NIFTY SENSEX Weekend 6 things that changed for market over the weekend: Gift Nifty, Fed outlook, to global market cues for Sensex today

Sensex and Nifty, ended with healthy gains on Friday, boosted by all-around buying in light of broadly positive global cues ahead. “Domestic markets made significant gains, buoyed by favourable global cues, a higher-than-expected domestic manufacturing PMI, and positive GDP growth data. This robust economic outlook propelled key manufacturing sectors to lead the rally, while strong sales figures generated increased interest in auto stocks," said Vinod Nair, Head of Research at Geojit Financial Services.

03.09 / 02:45

Citi Reuters Action Airlines Southern Mass evacuations and flight cancellations as Taiwan braces for Typhoon Haikui

domestic flights and the evacuation of nearly 3,000 individuals. The typhoon is anticipated to bring heavy rainfall and powerful winds to the southern and eastern regions of the island. Haikui is predicted to hit the remote and thinly populated southeastern part of Taiwan, characterized by mountainous terrain, during late Sunday afternoon.

02.09 / 04:37

UPS Citi Waters Southern band Typhoon Saola makes landfall in southern China after nearly 900,000 people moved to safety

Typhoon Saola made landfall in southern China before dawn Saturday after nearly 900,000 people were moved to safety and most of Hong Kong and other parts of coastal southern China suspended business, transport and classes. Guangdong province's meteorological bureau said the powerful storm churned into an outlying district of the city of Zhuhai, just south of Hong Kong at 3:30 a.m.

01.09 / 15:31

UPS Citi FIVE Waters Airlines businesses Flights scrapped, businesses shut as super typhoon Saola nears Hong Kong, Guangdong

By Farah Master, Joyce Zhou and David Kirton

01.09 / 09:39

business Web3 OKX OKX plans to enter India, hire local employees for Web3 exploration

reportThe cryptocurrency exchange OKX plans to enter the Indian market and recruit local employees in an effort to expand its possibilities of Web3 applications, according to a CoinDesk report.

01.09 / 07:27

Altcoins HashKey's New $100M Fund to Focus on Altcoins, With Less Than 50% Allocation for BTC and ETH

HashKey Capital, the investment arm of Hong Kong-based crypto giant HashKey Group, has allocated a significant portion of its newly launched to major altcoins.

01.09 / 01:17

Citi Citizens Progressive Waters Airlines Cathay businesses Schools Super Typhoon Saola: Hong Kong comes to a standstill; businesses, schools, stock exchange shut

Super Typhoon Saola is poised to strike Hong Kong with its formidable force, as authorities have elevated the strong wind signal to No.8, prompting the closure of schools, businesses, and even the stock exchange. This impending natural juggernaut, boasting wind speeds exceeding 200 kmph, is predicted to chart a course towards eastern Guangdong, the adjacent Chinese mainland province. The impending typhoon has triggered the issuance of the highest typhoon alert by Chinese authorities, marking the potential for one of the most potent typhoons to hit Guangdong since 1949.

31.08 / 16:45

Citi Provident Platform Matthews Moodys country Support Country Garden vote to delay payments looms as China rolls out more support

By Xie Yu, Clare Jim and Li Gu

31.08 / 09:49

Blockchain Ethereum Citi Reuters ETF Strategy Bitcoin Hong Kong Crypto 'Altcoins' central to Hong Kong crypto firm Hashkey's first liquid fund

Hashkey Capital will invest a significant part of its assets in second-tier cryptocurrencies, with a goal of outperforming market leader Bitcoin, its portfolio manager said. The fund, run by the investment arm of Hong Kong crypto giant Hashkey Group, launches on Friday. It has already secured potential clients, mainly high-net-worth individuals and investment firms serving rich Asian families, Jupiter Zheng told Reuters. Less than 50% of its investments will be in Bitcoin and Ethereum, the two biggest crypto currencies.

30.08 / 17:37

UPS Southern country Typhoon Saola heads towards China and Hong Kong: Preparedness and Uncertainty ahead of intensifying storm

Typhoon Saola, having pounded Taiwan with torrential rain and powerful winds, is now bearing down on China's southern coast and Hong Kong as it gains strength. The typhoon, recently upgraded to the status of a formidable typhoon, is projected to make landfall along China’s southern Guangdong province before approaching Hong Kong over the upcoming Friday and Saturday.

30.08 / 08:07

Ethereum regulation Bitcoin Bull run 2024 Hong Kong's first licensed retail crypto exchange HashKey eyes 2024 bull run

Hong Kong retail cryptocurrency traders now have access to a locally based cryptocurrency exchange after HashKey took its retail trading services live to users in China’s special administrative region on Aug. 28.

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