Hong Kong Financial News

CK Bidco said it had been reviewing the possibility of maintaining the REIT status of Civitas following completion of the offer.

Singapore-based blockchain start-up Web3Go has raised $4 million in a seed round led by Binance Labs, the venture capital and incubator arm of crypto exchange giant Binance.

Treasury Secretary Janet Yellen landed in Beijing Thursday on a four-day trip aimed at finding common ground as rivalry between the U.S. and China becomes increasingly adversarial.

Investing.com — Most Asian stocks fell on Thursday, tracking a decline in U.S. markets as the minutes of the Federal Reserve’s June meeting presented a hawkish outlook, while weak economic signals and fears of a Sino-U.S. trade war also weighed.

Hong Kong-born American singer, songwriter, record producer, dancer, and actress, passed away at the age of 48. She died by suicide. Her untimely passing left a void in the music industry and among her fans worldwide. Coco Lee will be remembered for her incredible talent, captivating performances, and pioneering spirit. Coco left an indelible mark on the music industry with her powerful voice, versatile talent, and trailblazing career. Born on January 17, 1975, Coco Lee's journey began in Hong Kong and eventually expanded to Taiwan and the international stage. With 18 studio albums, two live albums, and five compilation albums, including her first English-language release, «Just No Other Way,» Lee captivated audiences around the world.

U.S. 10-year Treasury yields climbed to a fresh four-month high in Tokyo trading, and the dollar extended its rise against major peers. Japan's Nikkei share average slumped more than 1%, continuing its retreat from 33-year highs.

minutes showed that the central bank was split on pausing interest rate hikes in June and sees more rate hikes at a slower pace going ahead. At the June 13-14 meeting, the Federal Open Market Committee (FOMC)’s decision to hold  interest rate after 10 consecutive increases was to buy time and assess whether further rate hikes would be needed, the minutes showed On the domestic front, the Indian equity indices ended flat on Wednesday after hitting record highs for the last four consecutive sessions. After showing high volatility at high levels, Nifty continued to show consolidation movement on Wednesday and closed the day higher by 09 points.  “Global worries along with moderation in Service PMI data briefly impacted the domestic market’s rally.

People in Taiwan have been following every twist of the war in Ukraine. But, while their sympathy for the Ukrainian cause is near-universal, the conclusions for the island’s own future widely diverge. To some, the takeaway is that even a seemingly invincible foe can be defeated if a society stands firm, an inspiration for Taiwan’s own effort to resist a feared invasion by China.

economic activity fell in June. According to revised figures from the HCOB Eurozone Composite purchasing managers' index, Eurozone economic activity fell to 49.9 points in June, just under the 50-point mark indicating zero growth. The EURO STOXX 50 index closed 0.9% lower, its worst session since end May.

A post shared by Nancy Si Lin Lee (@nancy_yauyetei) Lee was born in Hong Kong, but raised in San Francisco. After high school, she went back to the city of her birth for a vacation, where she entered a singing contest.

Coco Lee so depressed that she tried to commit suicide and ultimately died after struggling and undergoing too much pain?Nancy and Carol Lee said in an Instagram post that their sister had been suffering for a long time and she attempted suicide Sunday. They also said that the doctors tried their best to take her out of the coma, but she died on July 5. They also said that Coco worked relentlessly to open the world for Chinese singers. Before her first English-language album, Coco Lee made her career in Hong Kong in 1990s and earned fame. Nancy and Carol Lee also expressed their gratitude to the hospital and requested privacy at this moment. Coco Lee posted her last Instagram post on December 31 last year and said that life becomes unbearable at times. Taiwanese singer Jolin Tsai expressed condolences in a Facebook post and said he would remember her with a smile.

According to a July 4 announcement, BitgetX, the Hong Kong subsidiary of cryptocurrency exchange Bitget, has joined the Hong Kong Virtual Asset Consortium (HKVAC), which provides ratings services and indices to cryptocurrencies. 

coronavirus pandemic in 2020, the report stated. Among the developing countries in Asia, incoming FDI was highly concentrated in a few countries, namely, China (and Hong Kong), Singapore, India, and United Arab Emirates (UAE), which together accounted for about 80% of inflows into the region.

Investing.com -- Shares in Moderna (NASDAQ:MRNA) moved higher on Wednesday after media reports said that the drugmaker had signed a memorandum of understanding and a land collaboration agreement with China to research and develop messenger RNA medicines in the country.

New Delhi: Foreign direct investment (FDI) in developing countries in Asia remained flat year-on-year at $662 billion during 2022, despite clocking about half of global inflows, UNCTAD’s World Investment Report 2023 on Wednesday said. FDI inflows were higher in developing countries compared with those in developed economies.

In an interview with The Block, Fadi Aboualfa, the head of research at crypto brokerage Copper, expressed that the existing Central Bank Digital Currency (CBDC) models are "not a viable cash equivalent that people could use in daily transactions."

Fourth Paradigm Technology, an AI startup, has completed procedural work for a Hong Kong initial public offering, becoming only one of a handful of companies to get the nod from China's securities regulator since new rules became effective this year. The company has successfully completed the offshore listing filing process，according a July 3 filing on the China Securities Regulatory Commission (CSRC) website. The greenlight comes at time when regulatory scrutiny of proposals for share offerings has intensified in the wake of new listing rules, lengthening the waiting time for approvals, sources have said.

Indian market scaled record high for the fourth consecutive session on Tuesday led by robust foreign capital inflow amid optimism over the country’s bright macroeconomic outlook. Also Read: Buy or sell: Vaishali Parekh recommends buying in 3 stocks today — 5 July Japan’s Nikkei 225 declined 0.36% and the Topix fell 0.5%. South Korea’s Kospi gained 0.15% and the Kosdaq rose 0.11%.

«The market is maintaining its optimism. However, a profit-booking tendency is visible at the upper band as the recent rally has raised the market to the historic new high range,» said Vinod Nair, Head of Research at Geojit Financial Services. Option data suggests a broader trading range in between 19100 to 19600 zones while an immediate trading range in between 19250 to 19500 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded 12 points, or 0.06 per cent, higher at 19,505.50, signaling that Dalal Street was headed for muted start on Wednesday.

Crypto and blockchain advocates have authored a report calling for the Hong Kong government to issue a stablecoin pegged to the region’s dollar, which could challenge the dominance of Tether and USD Coin.

Hopes that China’s anti-crypto stance could soon change have been crushed by the appointment of a known crypto-critic as the Communist Party’s top official at the People’s Bank of China (PBoC).