City Hong Kong Financial News

09.08 / 03:21

UPS MSCI Nikkei show blues inflation data Asian shares hesitant on China inflation data, US bank jitters

Asian shares were on the defensive on Wednesday after China inflation data confirmed the recovery in the world's second-biggest economy is losing steam, while resurfacing concerns about U.S. bank stability also capped sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1% after a 1.2% tumble a day earlier.

08.08 / 13:21

Reuters NASDAQ Invesco Moodys show country Marketmind: China trade data disappoints, again

A look at the day ahead in U.S. and global markets by Alun John.

07.08 / 19:13

regulation security crimes Bitcoin Regulation Hong Kong securities regulator warns of ‘criminal’ activity by unlicensed exchanges

The Securities and Futures Commission (SFC) of Hong Kong issued a notice about unlicensed virtual asset trading platforms “engaging in improper practices,” warning of potential criminal charges.

07.08 / 18:47

Provident Reuters UBS Credit Suisse to cut 80% of Hong Kong investment bank jobs: Report

Credit Suisse in Hong Kong is likely to be laid off this week, as part of the bank's integration with UBS Group, Reuters reported on Monday. Only 20 bankers out of the 100-strong investment banking team will be spared from the cuts, the Reuters report said, citing sources familiar with the matter. Hong Kong houses the largest share of Credit Suisse's investment bankers in Asia.

04.08 / 18:37

UPS IPO ByteDance TikTok country electronic strain China Has Become a Strain on Private-Equity Firms

TikTok owner ByteDance, another highly valued private tech company that counts private-equity funds among its shareholders, shelved its IPO plans. In 2022, the average annual return for China private-equity funds, including venture capital funds, was minus 5.6%, according to estimates from data-analytics firm Burgiss. That was the lowest since the global financial crisis in 2008, although it was better than the global average last year.

04.08 / 01:45

FIVE Strategy Pool Matthews show country Australian Bank of America’s Australian investment bank morphs into regional hub

Bank of America has made two high-profile changes in its investment bank, building on a successful strategy of elevating Australian bankers into broader regional roles this year.

03.08 / 23:07

cryptocurrency Altcoins FLEX meme coins network Best Crypto to Buy Now 3 August – Flex Coin, XDC Network, Hedera

Hong Kong has taken a major step today in embracing cryptocurrency by granting a retail trading license to HashKey, making it the first platform in the country to receive such authorization.

03.08 / 18:23

business Blockchain Metaverse Staking The Sandbox implements KYC measures for protocol staking

Metaverse platform The Sandbox will require Know Your Customer (KYC) verification for its staking processes, according to an Aug. 3 announcement.

03.08 / 11:53

Blockchain Citi Provident Digital Platform HashKey services Crypto Platform HashKey Becomes First Licensed Exchange in Hong Kong to Offer Retail Services

Crypto exchange HashKey has become the first digital asset entity to receive a license under Hong Kong’s new crypto licensing regime.

03.08 / 07:55

Government regulation Trading retail Bitcoin HashKey Hong Kong debuts retail crypto trading with HashKey exchange

Hong Kong is expanding cryptocurrency trading exposure to individual investors, with at least one exchange getting the regulatory green light to offer such services.

02.08 / 12:53

UPS Citi Lowe's JPMorgan Hong Kong’s Property Market Is a Mess—and the Fed Is Partly to Blame

Hong Kong’s notoriously expensive property market is often seen as a barometer of the city’s economy. It isn’t looking good. Home prices are down.

02.08 / 03:57

UPS Art McDonald's Platform social McDonald's Hong Kong Partners with Sandbox to Launch First Metaverse Experience, McNuggets Land

McDonald's Hong Kong has teamed up with The Sandbox, a decentralized virtual gaming platform owned by Animoca Brands, to create the first Web3 experience platform. This partnership has resulted in the launch of «McNuggets Land», a unique metaverse gaming experience that marks the 40th anniversary of McNuggets.

01.08 / 21:03

Instagram daredevil falls to his death scaling skyscraper in Hong Kong

daredevil and photographer Remi Lucidi has died after a fall from a skyscraper in Hong Kong.Police in the region said they discovered the body of a 30-year-old man on a patio near Tregunter Tower on Thursday, according to numerous reports. Authorities believe Remi Lucidi, who used the name “Remi Enigma” on social media, may have fallen from the 68th storey while attempting a type of extreme sport.Lucidi regularly posted photos to Instagram — where he had a considerable following — of himself scaling the peaks of urban skyscrapers and high-rise buildings around the globe.A post shared by ʀᴇᴍɪ ᴇɴɪɢᴍᴀ (@remnigma)The practice, often called buildering or urban climbing, sees thrillseekers scale or traverse buildings or artificial structures to reach the top.

01.08 / 19:33

JPMorgan LinkedIn awards show performer reports PAC PAC Capital takes down fund reports after AFR questions

PAC Capital, a Sydney-based fund manager that promotes itself as an expert in computer gaming, took down performance updates and other information from its website on Tuesday after The Australian Financial Review raised questions about some of its accuracy.

31.07 / 15:39

Binance Crime Sport Kraken open NOT Today in Crypto: Crypto Firms in Hong Kong Can Open 'Simple' Bank Accounts Only, Elderly Couple in US Held Hostage for $156,000 in Crypto, Binance Can Operate in Dubai But Not in Nigeria

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

29.07 / 03:41

Citi Cooper country China demands US invite Hong Kong leader to economic meeting, adding to strains over crackdown

China has demanded that the United States invite Hong Kong’s leader to an economic conference following a news report that Chief Executive John Lee would be barred due to his role in crushing the city’s pro-democracy movement

28.07 / 13:33

Citi Cooper country China demands US invite Hong Kong leader to economic meeting, adding to strains over crackdown

27.07 / 12:09

Government Blockchain regulation Tokens Hong Kong and Saudi Arabia collaborate on tokens and payments

Hong Kong is expanding its financial collaboration with the Kingdom of Saudi Arabia, targeting agreements related to tokenization and payments infrastructure.

27.07 / 07:11

Citi HSBC HSBC to raise prime lending rate to 5.875% after Hong Kong rate hike

HONG KONG (Reuters) -HSBC Holdings said on Thursday it is raising its best lending rate in Hong Kong by 12.5 basis points to 5.875% effective on July 28 after the city's de facto central bank raised the base rate.

27.07 / 04:09

COST UPS Citi Target track HKMA HKMA ups rates, matching Fed, says banks' bad loans remain steady

HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 25 basis points to 5.75%, the highest in 16 years, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.

27.07 / 01:41

UPS Target NIFTY Nikkei KOSPI Fed rate hike Indian Gift Nifty, Asian markets to US Fed rate hike - key triggers for Indian stock market today

US Federal Reserve raised interest rates to their highest level in over 22 years while keeping the doors open for another rate hike. The US Fed hiked interest rates by 25 bps to a target range of 5.25-5.5%, on the expected lines, bringing US benchmark funds rate to the highest level since 2001 to tackle sticky, high inflation. The Fed chair Jerome Powell also hinted at a possibility of further increases, going ahead.

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