Hong Kong Financial News
21.07 / 18:59
Arrest
foreign
Retired RCMP officer charged with alleged China foreign interference
Royal Canadian Mounted Police, has been charged in connection with alleged foreign interference activities “to benefit” China following a two-year investigation, the national police force says.The 60-year-old from Hong Kong appeared in a Quebec court virtually on Friday to face charges laid under the Security of Information Act.He is charged with one count of preparatory acts for the benefit of a foreign entity, and one count of conspiracy.“According to the investigation, Mr.
21.07 / 16:29
business
NFT
Metaverse
McDonald’s debuts McNuggets Land in The Sandbox
McDonald's Hong Kong has picked The Sandbox to build its first Web3 experience, the McNuggets Land, a virtual world dedicated to celebrating Chicken McNuggets' 40th anniversary.
21.07 / 15:05
Citi
Career
Telegram
Fighting
"Bad luck again to all the Hong Kong bankers now in Singapore"
If you're one of the bankers who left Hong Kong between 2019 and 2022 and who went to live in Singapore, I bet you're not feeling so smug now.
21.07 / 15:05
21.07 / 15:05
COST
UPS
Citi
awards
Morning Coffee: Deutsche Bank elaborates on its banker hiring spree. 28 year-old finance millionaires contemplated nuclear bunker
Fabrizio Campelli, the friendly face of Deutsche Bank's corporate and investment bank, has contributed to his cuddly quotient with further elaboration on all the bankers he's hired so far and all the bankers he plans to hire still.
21.07 / 12:39
PBoC
reports
transaction volume
China's Digital Yuan Hits $250 Billion Transaction Volume, Central Bank Governor Reports
The People’s Bank of China (PBoC) revealed that $250 billion worth of transactions have taken place using the country’s central bank-backed digital currency (CBDC) digital yuan in 18 months since the start of its pilot.
21.07 / 03:17
UPS
Target
Tesla
MSCI
Nikkei
fall
Asian shares fall after US tech falters, dollar and yields hold gains
Asian shares fell on Friday after Tesla and Netflix weighed on U.S. tech shares after their earnings reports, while the dollar and Treasury yields held their gains ahead of an action-packed week that could see the end of the U.S. tightening cycle.
21.07 / 02:13
NASDAQ
DOW
Tesla
NIFTY
show
Indian
US stocks
fall
Gift Nifty, fall in Asian markets to mixed US stocks: Check out key triggers for Indian stock market today
inflation data. Japan’s core inflation rate, excluding those for fresh food, rose 3.3%, official data showed. The inflation rate is marginally higher than May’s figure of 3.2%. However, this was for the 15th straight month that the inflation rate was above the Bank of Japan’s 2% target.
20.07 / 07:23
Citi
Provident
Digital
beautiful
electronic
Cross-border
200+ Hong Kong Stores Accept Digital Yuan – China’s CBDC Goes Cross-border
Over 200 Hong Kong stores now accept digital yuan payments, banks have claimed, as China looks to take its CBDC into the cross-border space.
20.07 / 07:19
20.07 / 06:47
business
CBDC
Adoption
regulation
Bank of China
transaction volume
China’s digital yuan nears $250B transaction volume: Central bank governor
Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank governor has claimed.
20.07 / 06:13
Reuters
Manufacturing
Tesla
NIFTY
Nikkei
TSMC
Asian stocks
Asian stocks muted, tech falls ahead of TSMC earnings
Investing.com — Most Asian stocks firmed slightly on Thursday, although local technology shares were sold off on weak cues from Wall Street, and as investors turned wary of the sector ahead of earnings from chipmaking giant TSMC.
19.07 / 17:41
UPS
Citi
IPO
Enterprise
Parke
awards
Governments in China are Propping Up Hong Kong’s Ailing IPO Market
Chinese companies wanting to go public in Hong Kong have had a hard time getting international investors to buy their shares. Local governments in China are stepping up to help fill the void—and seeking more in return. Listings in Hong Kong raised just $2.6 billion this year, down 47% from the same period last year and far below 2021 levels, according to Dealogic.
19.07 / 13:15
Facebook
UPS
Platform
Entertainment
TikTok
Chinese livestreamers set their sights on TikTok sales to shoppers in the US and Europe
Chinese livestreamers have set their sights on selling to TikTok shoppers in the U.S. and Europe
19.07 / 13:15
BLOCK
Manufacturing
Platform
Action
Pinduoduo
track
exclusive
Chinese e-retailer Temu files lawsuit in US against rival Shein, alleging antitrust violations
Chinese e-commerce retailer Temu has filed a lawsuit accusing its rival Shein of violating U.S. antitrust law by blocking clothing manufacturers from working with Temu
19.07 / 11:39
Adoption
regulation
Web3
Dollar
NOT
Hong Kong would not go crypto without China’s approval: Animoca exec
Hong Kong’s rapid adoption of cryptocurrencies and Web3 is a sign of some “big moves” happening in mainland China, a co-founder of the local game software firm Animoca believes.
19.07 / 07:53
UPS
Provident
Enterprise
ANZ
voice
Takeover
Brookfield
Alinta cites ‘discrimination’ concerns in Brookfield/Origin takeover
Electricity generator and retailer Alinta Energy has told the competition regulator that the takeover of Origin Energy’s markets business by Canadian giant Brookfield could lead to discrimination against Origin’s competitors when negotiating to connect new renewable projects to the grid.
19.07 / 04:35
Citi
FIVE
Man
Williams
Platform
These 4 bars in India are rated among top-50 best bars in Asia
A post shared by Sidecar (@sidecarindia) Hong Kong's Coa has bagged the top spot for a third consecutive year. Whereas Jigger & Pony in Singapore ranked second on Asia’s 50 Best Bars list. It’s the first time since 2019 that the ceremony has been held with all borders in the region re-opened after the Covid-19 pandemic.
19.07 / 03:19
UPS
Target
Reuters
Manufacturing
Merit
China fast-fashion retailer Temu blasts rival Shein over 'exclusionary tactics'
HONG KONG (Reuters) -Chinese e-retailer Temu said on Wednesday it has been the target of rival Shein's «unlawful exclusionary tactics» since Temu's U.S. launch in 2022, ramping up a feud between the fast-fashion competitors days after a lawsuit was filed.
19.07 / 02:51
UPS
Microsoft
Software
Remark
MSCI
Nikkei
Asia stocks split as US-China outlooks diverge
Asia's stock markets were mixed on Wednesday with growth concerns dragging on China's equities while shares gained in Japan and Australia after healthy U.S. company earnings and retail data added to hopes that a recession there can be avoided. Dovish remarks from a European Central Bank policymaker boosted bonds and dragged the euro lower.
19.07 / 02:36
SENSEX
AGRO
Updates
open
Sensex Today | Share Market Live updates: Indices may open in the green on positive cues; IndusInd Bank in focus
top ten companies to watch out today, L&T Finance Holdings, Bank of Maharashtra, Hatsun Agro Products, Finolex Industries, Can Fin Homes, Century Textiles and Industries, Alok Industries, Mastek, Tata Communications, Tata Coffee will be in focus as they report June quarter earnings on Wednesday.Asian equity markets witnessed an upward trend as stocks followed the rally from the US market, while the New Zealand dollar appreciated due to moderating inflation.Markets in Japan, South Korea, and Australia saw a rise in stocks at the opening of the trading session. However, futures for Hong Kong stocks showed a downward trend, while those for the US remained largely stable.
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