Hong Kong Financial News

26.07 / 11:23

Blockchain Stablecoin Adoption Binance Binance lists new zero trading fee stablecoin, halts shortly after on technical issues

The recently introduced stablecoin, FDUSD, which was scheduled to be listed on Binance on July 26, 2023, at 08:00 (UTC), enabling trading for FDUSD/BUSD and FDUSD/USDT spot and margin trading pairs has now been postponed to restart at 2023-07-26 14:00 (UTC) due to FDUSD pairs’ liquidity providers experiencing technical issues.

26.07 / 11:22

People moves Business roles Rathbone Unit Trust Management names Tom Carroll CEO as Mike Webb set to retire

(L-R): Mike Webb and Tom Carroll

26.07 / 09:35

business Blockchain NASDAQ Ant Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq, and more

Ant Group, a company backed by billionaire Jack Ma, is reportedly planning to restructure and cut ties to some operations that are not core parts of its Chinese financial business. The move prepares the company for a potential initial public offering (IPO) in Hong Kong.

26.07 / 08:31

COST UPS Provident show Vic paid $176k for Games office that will never be used

The Victorian government spent $176,000 to set up a 2026 Commonwealth Games office in Geelong last year before pulling the pin on the competition because of cost blowouts.

26.07 / 06:05

COMPOSITE Samsung show country electronic Asian stocks Asian stocks dip before the Fed, Australia rallies on soft inflation

Investing.com — Most Asian stocks moved in a flat-to-low range on Wednesday before a widely expected interest rate hike by the Federal Reserve due later in the day, while Australian shares rallied on weaker-than-expected inflation data.

26.07 / 05:39

Facebook Provident Microsoft Google Platform Enterprise Alibaba's cloud unit brings Meta's AI model Llama to its clients

HONG KONG (Reuters) — Alibaba (NYSE:BABA)'s cloud computing division said it has become the first Chinese enterprise to support Meta's open-source artificial intelligence (AI) model Llama, allowing its Chinese business users to develop programs off the model.

26.07 / 01:55

UPS Target DOW NIFTY Indian Gift Nifty flat, Asian markets mixed ahead of Fed policy - key global cues for Indian stock market today

US Federal Reserve interest rate decision on Wednesday. The Fed is widely expected to raise its benchmark funds rate by 25 basis points (bps) to a target range of 5.25%-5.5%, its highest level since January 2001. Meanwhile, the International Monetary Fund (IMF) raised its 2023 global growth estimates but warned that persistent challenges were dampening the medium-term outlook.

25.07 / 11:03

UPS Citi performer track country Support China's property firms rally after Beijing pledges economic support

By Clare Jim and Karin Strohecker

25.07 / 07:35

Target COMPOSITE country Chinese property stocks rally on stimulus promises

Investing.com — Chinese property stocks rebounded sharply from recent losses on Tuesday, aided chiefly by promises of more economic support for the ailing sector from top policymakers.

25.07 / 05:41

UPS COMPOSITE MSCI Nikkei Asia shares rebound sharply on China policy pledges

By Ankur Banerjee

25.07 / 04:43

FIVE HSBC UBS country star HSBC pledges India wealth commitment over Michelin star meal

HSBC Holdings Plc announced to about 100 wealthy Indians it is returning to private banking in India, where it exited about eight years ago. Over dinner served by the chef of Odette, a three-Michelin-star restaurant in Singapore, the bank’s wealthy clients who flew in from Hong Kong and Dubai, mingled with HSBC’s local customers. HSBC’s efforts to convince prospective Indian clients that its wealth management services in the country will not make a retreat again is a linchpin for its ambitious plans there.

25.07 / 03:23

UPS Lowe's COMPOSITE MSCI Nikkei Support Asian shares rally after China pledges economic support steps

Asian shares jumped on Tuesday as China's pledge to step up policy support for its stuttering economy soothed sentiment and lifted beaten down Hong Kong and Chinese stocks, while the dollar eased ahead of the Federal Reserve meeting this week. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.2% higher and on course to snap a six-day losing streak.

25.07 / 03:01

Lowe's COMPOSITE KOSPI performer country Asian stocks Asian stocks muted as Fed looms, China rallies on stimulus talk

Investing.com-- Most Asian stocks kept to a tight range on Tuesday as markets awaited more cues from a Federal Reserve meeting this week, while Chinese markets rose sharply after top officials promised more policies to support growth.

25.07 / 01:33

UPS DOW Action NIFTY Nikkei Indian US stocks Gift Nifty, Asian markets, Chinese economic stimulus to US stocks rally - key triggers for Indian stock market today

equity market remained weak amid mixed corporate results for the June quarter. “We expect some cautiousness ahead of the US Fed meeting where a 25 bps hike is expected, while investors keenly await commentaries. With the quarterly earnings season now at full pace during the week, we expect stock-specific action to continue in the market," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

24.07 / 15:59

UPS IPO CEO Platform Mobile Buyback Ant NOT Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program

Chinese e-commerce giant Alibaba has said it will not sell any shares in its one-third shareholding in financial technology company Ant Group Co_ because it wants to retain its stake in an “important strategic partner.”

24.07 / 10:57

Web3 NFTS The Sandbox McDonald’s Hong Kong Collaborates with The Sandbox to Launch McNuggets Land in Web3

McDonald's Hong Kong collaborated with The Sandbox to create McNuggets Land, an immersive Web3 experience to commemorate the 40th anniversary of Chicken McNuggets.

24.07 / 08:27

Provident BTC Lowe's Digital CEO Bitcoin market trends regulatory Bitcoin Price Prediction: Bybit CEO Discusses Regulatory Outlook and Market Trends

In cryptocurrency's ever-evolving landscape, Bitcoin's price continues to capture attention as it trades at $29,723, experiencing a slight decrease of nearly 0.50% on Monday.

24.07 / 07:15

Citi Booking Platform Entertainment film audience Weekend 'Barbenheimer' charms India in opening weekend, and how! Christopher Nolan's 'Oppenheimer' enters Rs 50 cr club, 'Barbie' mints Rs 18.5 cr

Barbenheimer' craze is taking over India. With 'Oppenheimer' and 'Barbie' hitting the screen nationwide last week on July 21 (Friday), the clash of the titans at the box-office has been an epic one.

24.07 / 04:43

Lowe's Reuters Microsoft Manufacturing Platform MSCI Meta Platforms Time Marketmind: Markets bide time as policymakers plot next moves

SYDNEY (Reuters) — A look at the day ahead in European and global markets from Stella Qiu

24.07 / 03:45

UPS Celebrity performer star social concert ‘Celebrity inflation’ is a social-media phenomenon

A feature of modern popular culture is its ability to elevate certain individuals from their real-life plane of equality with their fellow humans and ascribe to them attributes fit for a superhero rather than a mere mortal. The media created stars and superstars in the 20th century as well, but the era of social media seems to have spawned a colossal celebrity that transcends borders, bringing inflation and much else in its wake.

24.07 / 01:55

UPS Microsoft Manufacturing NIFTY Indian Gift Nifty, mixed trend in Asian markets to Wall Street corporate earnings - key triggers for Indian stock market today

US Federal Reserve and European Central Bank later this week and possibly the end of the tightening cycle in both. Investors will also focus on a slew of corporate earnings this week, including that of Alphabet, Meta, Intel, Microsoft, GE, AT&T, Boeing, Coca Cola, Ford, among others, in the US. In Asia, Japan’s manufacturing activity extended declines in July, as the au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) fell to 49.4 in July from 49.8 in June.

latest developments in Hong Kong

What is the current situation in Hong Kong?

In Hong Kong, the spotlight is on major events that impact the interests of residents.

Where can I find reliable news about Hong Kong?

We publish reliable reports about the situation in Hong Kong, based on information from official representatives.

What shapes the media agenda in Hong Kong?

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