City Hong Kong Financial News
25.08 / 06:57
business
Adoption
Gaming
GameFi
Blockchain Game
Atari founder, Animoca sees Web3 games as vital for virtual ownership and education
Nolan Bushnell, the founder of Atari and inventor of Pong — one of the first commercially successful video games — has shared optimism for the future of Web3 games, particularly as it comes to bringing ownership to virtual worlds.
24.08 / 11:21
Booking
LGBT
NIFTY
SENSEX
Nestle
Reliance Industries
Power
Top gainers, losers today: Asian Paints, IndusInd Bank, Infosys, Power Grid, Reliance Industries; check full list
Reliance Industries and HDFC Bank, ahead of the release of Reserve Bank of India (RBI) minutes of the Monetary Policy Committee (MPC) meeting today as well as annual central bank summit in Jackson Hole, Wyoming, on Friday. Officials of the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan are meeting in Jackson Hole, Wyoming, for their yearly conference on central banking. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the positive territory.
24.08 / 00:53
20.08 / 17:49
Entertainment
Enterprise
NIFTY
SENSEX
National
Punjab National Bank, SAIL, 9 others placed under F&O ban list on NSE for August 21; check full list
Steel Authority of India (SAIL), Granules India Ltd, Chambal Fertilizers and Chemicals, Gujarat Narmada Valley Fertilizers And Chemicals Limited, Delta Corp, Hindustan Copper, India Cements, Indiabulls Housing Finance, Punjab National Bank, Manappuram Finance, and Zee Entertainment Enterprises Ltd are the 11 stocks that are a part of the F&O ban list by the stock exchange for Monday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.
19.08 / 15:43
Citi
BLOCK
US court
NOT
China's Evergrande says it is asking for US court to approve debt plan, not filing for bankruptcy
A giant Chinese real estate developer that is struggling to avoid defaulting on $340 billion in debt says it is asking a U.S. court to approve a restructuring plan for foreign bondholders and denied what it said were news reports suggesting it filed fo...
18.08 / 14:35
Adoption
regulation
Hong Kong's Ambitions in the Crypto Space: Executives Weigh in on Web3 and Regulation
Hong Kong has set its sights on becoming a major crypto hub as the region actively promotes the development of Web3.
18.08 / 02:09
UPS
country
Chinese real estate giant Evergrande files for bankruptcy
China Evergrande, which is the world's most heavily indebted property developer and became the poster child for China's property crisis, on Thursday filed for protection from creditors in a US bankruptcy court. The company sought protection under Chapter 15 of the US bankruptcy code, which shields non-US companies that are undergoing restructurings from creditors that hope to sue them or tie up assets in the United States. An affiliate, Tianji Holdings, also sought Chapter 15 protection on Thursday in Manhattan bankruptcy court.
17.08 / 22:41
UPS
country
China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court
By Jonathan Stempel, Dietrich Knauth and Manya Saini
17.08 / 07:37
COST
Target
COMPOSITE
TJX
rate hikes
Stock market today: Asia follows Wall Street lower after Fed's notes dent hopes of rate hikes ending
Asian stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished
16.08 / 13:13
Blockchain
Platform
Celebrity
HashKey
HashKey Exchange Becomes First Licensed Retail Crypto Trading Platform in Hong Kong
Hong Kong, 3 August 2023 — HashKey Exchange has announced the official upgrade of its Type 1 and Type 7 licences, becoming the first licensed virtual asset exchange for retail users in Hong Kong. This significant milestone marks a new era in the region's cryptocurrency landscape.
16.08 / 12:55
Citi
Target
Platform
performer
cover
stake
Spacenet to acquire 12%-15% stake in String Metaverse Limited
A Startup India initiative String Metaverse Limited, a global Startup India company with a focus on creating gaming communities. String Metaverse Limited has offices in Hyderabad, Dubai, Gift city and Hong Kong currently String Metaverse Limited is a Web 3.0 GameFi startup and fintech platform that enables business partners to offer online gaming services, Play2Earn, Free2play that include rewarding games (Real Money Games) for every transaction covering Retail, E-commerce, Food and Beverages industries.
16.08 / 11:17
UPS
FIVE
NIFTY
SENSEX
performer
Top gainers, losers today: UltraTech Cement, Tata Motors, NTPC, Bharti Airtel, Infosys; check full list here
BSE Sensex ended at 65,539.42 up 137.50 points or up 0.2 per cent while the Nifty also closed at 19,465 level, up 30.45 points or 0.16 per cent. Metal and financial stocks saw the most declines following a spike in domestic retail prices that prompted caution, and further worries about China's economic recovery weighed on the market sentiment. Commenting on today's market performance, Vinod Nair, Head of Research at Geojit Financial Services said, "The initial apprehension stemming from an above-expected surge in domestic CPI inflation, driven by higher food prices, induced volatility in the Indian market.
16.08 / 08:27
UPS
Target
Man
voice
A winner has emerged in the old rivalry between Singapore and Hong Kong
migrant workers who make up nearly a third of the workforce. Their contribution is a curious blind spot. Meanwhile, politics is tightly constrained, as is civil society: you may be arrested for holding up a placard with a smiley face.
15.08 / 09:47
regulation
CoinShares
Power
Coinshares CSO Meltem Demirors Says Crypto Has Increasing Political Power – Here's the Latest
CoinShares Chief Strategy Officer (CSO) Meltem Demirorsas believes crypto is gaining more and more power in Washington, becoming a political powerhouse.
15.08 / 05:15
Provident
Target
COMPOSITE
show
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Asian stock markets have tumbled after mixed U.S. economic data revived worries the Federal Reserve might hike interest rates again
11.08 / 13:55
regulation
exchanges
Hong Kong securities regulator issues in-principle approval to HKVAX
Hong Kong’s Securities and Futures Commission (SFC) has issued an in-principle approval to Hong Kong Virtual Asset Exchange (HKVAX) to operate a virtual asset trading platform under the region’s securities laws.
11.08 / 05:13
UPS
Provident
COMPOSITE
show
country
Asian stocks
Asian stocks slide on China jitters, U.S. CPI offers little cheer
Investing.com-- Most Asian stocks sank on Friday, with Chinese shares leading losses on persistent concerns over the property market, while data showing a rise in U.S. inflation did little to improve sentiment.
10.08 / 01:13
09.08 / 11:11
Adoption
regulation
Investing
International
Hong Kong Aims to Thrive as an International Crypto Hub Despite Global Scrutiny
The first licenses in Hong Kong have been issued to crypto companies under a new regulatory regime, as the city continues its plans to become an international crypto hub. But vital hurdles remain.
09.08 / 05:53
what's happening in city Hong Kong
What is the current situation in city Hong Kong?
In city Hong Kong, the spotlight is on major events that impact the interests of residents.
Where can I find reliable news about city Hong Kong?
We publish in-depth coverage about the situation in city Hong Kong, based on information from trusted sources.
What shapes the media agenda in city Hong Kong?
The news landscape of city Hong Kong is shaped by the region’s internal dynamics, reflecting its local way of life.
