Hong Kong Financial News

09.02 / 22:13

SFC Hong Kong Crypto Hong Kong’s SFC Issues Warning on MEXC for Alleged Crypto Fraud

Hong Kong’s Securities and Futures Commission warned the public of an allegedly fraudulent crypto exchange today.

09.02 / 18:51

Target Digital security stage voice Videos Company out $35M after scammers stage video call with deepfake CFO, coworkers

A multinational firm in Hong Kong is out 200 million Hong Kong dollars (around $34.5 million Canadian) after a financial worker at the company was targeted by scammers using artificial intelligence, culminating in a phony video conference call with numerous deepfake colleagues.

09.02 / 18:23

markets UPS Citi security economy Trade reports The financier turning China’s noodle joints and karaoke bars into a data gold mine

When China started rolling back its zero-COVID policy, the early official numbers on the disease’s spread were so low that they were publicly ridiculed. But on a screen in his Hong Kong office in December 2022, Charles Li could see signs that more people were becoming ill.

09.02 / 16:19

UPS Research wellness Universities electronic reports Goldman Sachs & Morgan Stanley among the banks bleeding MDs after bonuses

Bonus season is over, with mixed feelings for the banks (and bankers) involved. One thing, however, is universal – once bonuses are paid, people start leaving, for better or worse. At least three partners have left Goldman Sachs in the past few weeks, as well as two managing directors (MDs) from Morgan Stanley.

06.02 / 17:47

UPS Platform security Software information Videos Zoom woes: ‘Are you real?’ will soon replace ‘You’re on mute’

Is the boss who’s giving you an order real or just realistic? Deepfakes are taking Zoom calls to another level of awkwardness, making us question whether our co-workers are genuine. A finance worker in Hong Kong transferred more than $25 million to scammers after they posed as his chief financial officer and other colleagues on a video conference call, marking perhaps the biggest known corporate fraud using deepfake technology to date. The worker had been suspicious about an email requesting a secret transaction, but the scammers looked and sounded so convincing on the call that he sent the money.

29.01 / 15:23

markets UPS DOW Nikkei World markets today: US stocks muted ahead of Fed decision

ALSO READ: Wall Street week ahead: Investors’ major focus on Fed rate decision, big tech earnings The US central bank is widely expected to keep interest rates unchanged, but investors and traders will look for signals from the Fed meeting outcome and chairman Jerome Powell’s press conference whether the central bank will start cutting interest rates at its next monetary policy meet in March. On Friday, the S&P 500 slipped 3.19 points, or 0.1 per cent, to 4,890.97. The Dow Jones Industrial Average rose 60.30, or 0.2 per cent, to 38,109.43.

29.01 / 14:03

Apple Inter Miami vs Al-Hilal live streaming of Lionel Messi match: Start time, date, when and where to watch

Lionel Messi's Inter Miami are taking on Al-Hilal today in Riyadh Season Cup in Saudi Arabia. Miami, the Major League Soccer (MLS) club has embarked on the worldwide preseason tour. After playing Al-Hilal, they will take on Cristiano Ronaldo's Al-Nassr.

29.01 / 09:09

Digital ETF security Bitcoin spot bitcoin ETF Hong Kong Crypto Scandals asset manager Top Chinese Asset Manager Moves to Launch Bitcoin ETF in Hong Kong

The Hong Kong subsidiary of Chinese asset management firm, Harvest Fund Management, applied for a spot Bitcoin ETF on Jan. 26.

29.01 / 06:23

markets UPS Action security blues reports week Marketmind: Asia stocks soar despite big week for risk

A look at the day ahead in European and global markets from Kevin Buckland

29.01 / 05:11

markets Research wellness trends show reports travelers China's luxury market is bouncing back with new areas of opportunity

BEIJING — China's luxury sales are rebounding, and while they're not back to 2021 levels yet, industry analysts and financial releases from major brands point to new growth opportunities versus pre-pandemic trends.

29.01 / 04:53

markets UPS FIVE economy MSCI country 2020 As China’s markets suffer, what alternatives do investors have?

foreign investors in China are most worried by the country’s souring relations with the West. Others fret about the unprecedented slump in its property market. Many are simply tired of losing money.

29.01 / 03:43

markets Analysis Deloitte Trade Experts Courts Investigations Explainer-What happens next after China Evergrande ordered to liquidate?

By Clare Jim and Scott Murdoch

29.01 / 03:43

UPS security economy Trade country Courts Investigations Worsening crisis at Evergrande, world's most indebted developer

(Reuters) — A Hong Kong court ordered the liquidation of China Evergrande (HK:3333) Group on Monday.

29.01 / 02:59

markets UPS Citi Progressive security Courts Financial China Evergrande liquidation sends shockwaves through financial markets

China Evergrande, China Evergrande New Energy Vehicle Group, and Evergrande Property Services was halted. The benchmark Hang Seng Index was up 1.2 percent.

29.01 / 02:45

markets security CME Nikkei Trade blues Asian stocks China fuels Asian stocks rally, oil climbs on Red Sea worries

By Kevin Buckland

29.01 / 02:45

markets UPS Ripple security Trade Courts China Evergrande ordered to liquidate by Hong Kong court

(Reuters) — A Hong Kong court on Monday ordered the liquidation of China Evergrande (HK:3333) Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain the deepening crisis.

29.01 / 02:35

markets UPS Entertainment Nikkei Trade Updates Sensex Today | Share Market Live Updates: GIFT Nifty signals positive start

₹27,664 crore through 25 January. FPIs were sellers in autos and auto ancillary, media and entertainment and marginally in IT.

29.01 / 00:30

markets Reuters economy Justice reports Courts Investigations Embattled China Evergrande back in court for liquidation hearing

By Clare Jim

29.01 / 00:18

markets UPS ETF economy Bitcoin track country China's cratering markets drive mainstay retail investors away

SINGAPORE (Reuters) -Small Chinese investors are scrambling even harder than foreigners to exit the country's crumbling stock markets, sending premiums on global index funds skyrocketing as they search for exposure to anything but the sputtering domestic economy.

28.01 / 23:28

markets UPS Provident Manufacturing economy Sustainability Continental Marketmind: More cheer rests on China PMI, Fed decision

By Jamie McGeever

27.01 / 07:09

Bitcoin news Crypto Trading crypto news Bitcoin crypto update Bruised by stock market, Chinese rush into banned bitcoin

Crypto trading and mining has been banned in China since 2021. Run used bank cards issued by small rural commercial banks to buy cryptocurrencies through grey-market dealers, and capped each transaction at 50,000 yuan ($6,978) to escape scrutiny. "Bitcoin is a safe haven, like gold," says Run. He now owns roughly 1 million yuan worth of cryptocurrencies, accounting for half of his investment portfolio, compared with just 40% in Chinese equities.

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