Hong Kong Financial News

18.11 / 11:49

Ethereum Bitcoin Bitcoin Price Bitcoin prices retreat for 4th day: What's cooking?

By Joanna OssingerBitcoin dropped further below $60,000 to its lowest level in about three weeks amid a broader decline in cryptocurrencies, as concerns about U.S. taxation and China’s continued crackdown swirled.

18.11 / 09:07

Adoption Latin America CNBC HK Peru to partner with India, HK and Singapore central banks on a CBDC

The president of the Central Reserve Bank of Peru Julio Velarde announced that his country will be entering the global race to develop a Central Bank Digital Currency (CBDC).

18.11 / 08:51

Credit Suisse names new Asia-Pacific head of wealth management

Credit Suisse Group has appointed Benjamin Cavalli as the head of wealth management for Asia-Pacific and as the chief executive of its Hong Kong branch.

17.11 / 16:05

Solomonic Goldman Sachs chief warns China, Hong Kong border controls are a ‘headwind’ on talent

Goldman Sachs chief executive David Solomon said mainland China and Hong Kong’s strict border controls are creating staffing challenges, as the region’s tight quarantine regime wears on foreign workers and businesses.

17.11 / 10:55

cryptocurrency CBDC Peru's central bank joins global push to develop a digital currency

CBDC), central bank President Julio Velarde said on Tuesday, as policymakers worldwide seek to keep pace with fast-spreading cryptocurrencies. Speaking at a conference with business leaders in Lima, Velarde said that Peru's central bank is working with the central banks of India, Singapore and Hong Kong in developing a CBDC.

17.11 / 04:19

Crime Tether security In-person Tether Swap Turns into Bloody Kidnap Ordeal for USD 3M Crypto Trader

Bitcoin (BTC) holders are not the only ones in danger of kidnap attempts – stablecoin advocates are also falling victim to opportunistic attackers hoping to get their hands on these coins.

16.11 / 20:20

Binance Digital Ripple SEC Binance and Ripple weigh in on crypto regulation

Binance has spent the last year facing intense regulatory scrutiny in several countries - including Japan, Hong Kong, Italy and the UK - over issues such as money laundering controls. In September the firm set out a plan to centralise its business structure to, as CEO Changpeng Zhao put it, "work well with regulators".

16.11 / 19:29

Citi JPMorgan Hong Kong hits back after allowing JPMorgan’s Jamie Dimon to skip quarantine

A 32-hour visit to Hong Kong by JPMorgan chief executive Jamie Dimon has drawn attention to how shut-off the Chinese financial hub has become after two years of keeping coronavirus cases at bay.

15.11 / 19:37

Ethereum ETF CBOE Bitcoin Coinbase Users Sharing Crypto Portfolios, ETFs in US & India + More News

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

15.11 / 13:25

Blockchain Digital SUN Parke HK HK-based Animoca Brands Partners with S. Korea's Cube Entertainment for K-pop Metaverse & NFTs

Animoca Brands is partnering with Cube Entertainment to build metaverse and non-fungible tokens (NFTs) as K-pop has been taking the world by storm, the executive chairman of the company said.

11.11 / 23:33

UPS Digital CAD Валюта Hong Kong virtual insurer partners with exchange, brings crypto insurance to Asia

In an industry riddled with frequent scams and hacks, the protection of investments is paramount for investors. In fact, the need for cryptocurrency asset insurance has been in the cads for a while now.

11.11 / 20:10

Binance Digital BURST Bitcoin How Binance took the crypto market by storm, then caught the eye of governments

The world’s fastest-growing major financial exchange has no head office or formal address, lacks licenses in countries where it operates, and has a chief executive who until recently wouldn’t answer questions about his location.

11.11 / 15:43

Adoption Bitcoin Holdings Hong Kong firm to offer insurance for Asian cryptocurrency holdings

A major Asian insurer has ventured into Bitcoin (BTC), in an attempt to provide a model for other businesses in the field.

11.11 / 12:39

Evergrande swerves default again as Chinese developers rally

Stocks and bonds of Chinese developers jumped on signs that Beijing could moderate its tough stance on the beaten-down property sector, while sector heavyweight China Evergrande again averted default by making another set of last-minute bond payments.

10.11 / 09:05

COST China’s Factory Inflation Grows at Record Pace on Soaring Energy Prices

HONG KONG—China’s factory-gate prices surged at a record pace in October due to higher energy costs, adding to anxieties that global inflation will persist while constraining Beijing’s ability to stimulate the nation’s economy.

09.11 / 17:01

UPS Platform Software Crypto exchange BitMart gears up to raise $20 million in series B funding round

Cryptocurrency exchange BitMart is reportedly gearing up to raise about $20 million at a valuation of $300 million. As per the report, Alexander Capital Ventures, may lead its Series B round.

08.11 / 16:17

China’s Economy Faces Risk of Yearslong Real-Estate Hangover

HONG KONG—China’s aggressive campaign to root out speculative real-estate activity could slow the country’s growth rate for years to come, economists say, even if the worst-case scenario—a major housing correction with sharply falling home prices—is averted.

05.11 / 05:41

Fallout Fitch Chinese real estate developer Kaisa halts trading in Hong Kong, as debt concerns escalate

Hong Kong listed shares of Chinese real estate developer Kaisa Group Holdings were halted on Friday, following news that it had missed a payment on a wealth management product earlier this week.

05.11 / 05:31

COST UPS Platform Action CBDCs: Project mBridge to enter pilot stage next year

CBDC fever has spurred many financial institutions across the world into action. Along with the BIS Innovation Hub, the Bank of Thailand, the Central Bank of the U.A.E., the People’s Bank of China [Digital Currency Institute], and the Hong Kong Monetary Authority are working together to develop a multi-CBDC platform – or bridge – for international remittances.

04.11 / 12:27

Blockchain Provident Digital Bitcoin HK week HK FinTech Week: Understanding Misconceptions on Cryptocurrency

In Hong Kong, the FinTech Week 2021, which launched on November 1, hosted a seminar on misconceptions about cryptocurrencies titled «Crypto in 2021: Misconceptions, Lessons & Opportunities Ahead» on Wednesday, November 3.

03.11 / 20:39

Adoption ETF Bitcoin crypto ETFs Hong Kong regulator re-evaluates retail crypto ETFs laws

The Securities and Futures Commission, or SFC, in Hong Kong is reviewing regulations surrounding virtual currency transactions, including whether individuals can invest in exchange-traded funds, or ETFs.

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