City Hong Kong Financial News
01.09 / 14:39
Ethereum
Bitcoin
Tech giant Meitu loses over $43M of its crypto investment in bear market
Hong Kong tech giant Meitu made headlines in April last year after it reported nearly $100 million in crypto holdings. However, with the advent of the bear market, the tech firm has lost nearly half of the valuation of its crypto holdings.
01.09 / 13:51
Lowe's
Digital
BitStamp
Terra Luna
Low
Appetite for Crypto Amongst Institutional Buyers in Hong Kong is Low: New Report
The months-long headwinds in the cryptocurrency ecosystem are beginning to fuel disinterest amongst institutional investors in Hong Kong.
26.08 / 13:51
Digital
CEO
Gap
Avid
101 Azuki Purchaser 'LastKnight' is Adrian Cheng
Adrian Cheng has been revealed to be the mysterious «LastKnight,» who bought 101 Azukis amidst ongoing controversy.
17.08 / 09:43
Citi
Citigroup
Citi promotes Aveline San to Hong Kong and Macau chief
Citigroup has appointed Aveline San to helm its operations in Hong Kong and Macau, as the US bank pushes to grow its wealth management business in the region.
15.08 / 21:35
business
exit
Exit stage left — Eqonex to close crypto exchange after two years
Nasdaq-listed digital asset investment firm Eqonex has announced it will be exiting the “crowded crypto exchange space” by shuttering part of its operations.
11.08 / 14:57
UPS
Digital
Platform
The Sandbox Expands Footprints in Hong Kong for Alpha Season 3
Decentralized virtual gaming developer The Sandbox, a subsidiary of Animoca Brands, announced Thursday to roll out the first-ever pop-up atelier in Hong Kong for the upcoming seasonal events.
10.08 / 14:16
Blockchain
Digital
Aware
Career
Financial
Hong Kong Can Serve Global Community through Web 3 Involvement: Ex-Financial Secretary
The former financial secretary of Hong Kong said Wednesday that the virtual economy would be important to Hong Kong, encouraging the young generation to be active through web 3 involvement and technology adoption.
10.08 / 13:31
Strategy
InvestHK opens CBDC Fast Track programme
Shortlisted applicants will then enter a pitching session and compete for three awards covering business use case, technology and ecosystem approach. All qualified candidates will also be given the opportunities to work with the HKMA on research projects and pilots.The move follows the publication in April of a HKMA discussion paper on the policy and design aspects of a potential e-HKD.
09.08 / 09:31
Blockchain
Adoption
NFT
Metaverse
rights
KBW 2022: Digital property rights key to thriving Web3 economy — Animoca’s Yat Siu
Yat Siu, co-founder of Hong Kong-based venture firm Animoca Brands has argued that on-chain digital property rights are the main aspects of blockchain technology that will drive a more decentralized society.
09.08 / 08:17
IPO
Alibaba gets Hong Kong's approval for a primary stock listing
BEIJING — Chinese e-commerce giant Alibaba is making Hong Kong a «primary» listing for its shares, paving the way for mainland China investors to trade the stock directly.
08.08 / 18:31
05.08 / 06:35
FIVE
Manufacturing
Apple
Taiwan's trade with China is far bigger than its trade with the U.S.
BEIJING — Data show that Taiwan depends more on China for trade than it does on the U.S., even if U.S. House Speaker Nancy Pelosi threw her weight behind Taiwan this week in a high-profile visit.
02.08 / 16:57
MET
HSBC
HSBC execs try to assuage Hong Kong shareholders
Top executives of HSBC met with the bank’s shareholders in Hong Kong on 2 August and sought to convince small investors that splitting off its Asian business wouldn’t benefit them.
31.07 / 12:49
business
Blockchain
students
Hong Kong university to inaugurate mixed reality classroom in Metaverse
The Hong Kong University of Science and Technology (HKUST) announced to host the launch party of a virtual reality classroom over the Metaverse on September 1. The launch marks the commencement of HKUST’s plan to promote immersive learning by building a virtual campus in the Metaverse, to be called MetaHKUST.
27.07 / 13:17
27.07 / 13:17
Blockchain
Citi
Digital
Platform
Hong Kong is the Most Crypto-Ready Economy, Study Shows
Crypto adoption in Hong Kong is going to expand, as the city has emerged as the readiest country/ region to embrace digital assets era, according to a study by trading platform Forex Suggest.
26.07 / 13:13
Binance
Legal
Binance CEO Sues Bloomberg's Partner Over 'Shitcoin Casino' Article
Changpeng 'CZ' Zhao, CEO of crypto exchange Binance, seems to be very unhappy with his portrayal by a major media outlet, as he is willing to go to court to fight against it. Zhao has sued the Hong Kong publisher of Bloomberg Businessweek after a Chinese language version of an article allegedly depicted him as operating a “shitcoin casino.”
26.07 / 12:59
Study
Bitcoin
Hong Kong positioned as the most crypto-ready country in 2022
While public acceptance remains key to crypto’s existence, the road to mainstream crypto adoption requires governments to set up a supporting infrastructure that complements the requirements of the technology and the people.
26.07 / 12:51
26.07 / 08:27
business
Binance
Bloomberg
Binance CEO sues Bloomberg subsidiary alleging defamation
Binance chief executive Changpeng Zhao is suing Bloomberg Businessweek in Hong Kong, accusing the outlet of defamation.
26.07 / 07:03
The lingering effects of Long Boris
Chris Patten, the last British governor of Hong Kong and a former EU commissioner for external affairs, is chancellor of the University of Oxford and author of The Hong Kong Diaries
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