Hong Kong Financial News

12.01 / 04:03

bitcoin etfs crypto ETFs South Korea Regulator Holds Firm Stance Against Crypto ETFs Approval

While the US has finally approved a decade-long wait for Bitcoin exchange-traded funds (ETFs), South Korea still stands firm in banning BTC ETFs.

12.01 / 03:49

markets Target MSCI Nikkei President show International Asian shares cautious as oil jumps on US strikes in Yemen

Asian shares were cautious on Friday as the escalating conflict in the Red Sea region sent oil prices surging, while slightly higher-than-expected U.S. inflation data did not dent investors' views on early and aggressive rate cuts in the U.S. and Europe.

11.01 / 20:51

UPS Manufacturing economy Election pandemic Trade NOT Taiwan's election is shaped by economic realities, not just Beijing's threats to use force

Beijing's threat to use force to claim the self-governed island of Taiwan isn't just about missiles and warships

11.01 / 12:27

markets UPS Nikkei trends Trade show performer US CPI Asian stocks Asian stocks rise before US CPI; Japan’s Nikkei extends rally

Investing.com-- Most Asian stocks rose on Thursday after a bruising start to 2024, with focus squarely on key U.S. inflation data for more cues on interest rate cuts, while Japan’s Nikkei 225 index extended its run of stellar gains after hitting multi-decade highs this week.

11.01 / 10:01

Citi ETF security Bitcoin innovations Spot ETFs Hong Kong Lawmaker Urges Government to Follow US in Approving Spot Bitcoin ETFs

In the wake of the United States’ approval of spot Bitcoin ETFs, a lawmaker in Hong Kong has called on the local government to swiftly follow suit and position the city as a leader in the cryptocurrency space.

11.01 / 03:27

markets UPS Nikkei Bitcoin show track reports US CPI Asian stocks Asian stocks gain ahead of US CPI

inflation data that could influence the Federal Reserve's thinking on rate cuts, while the crypto world got a boost after exchange-traded funds (ETFs) to track bitcoin were approved in the United States. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.67% higher, on course to snap its seven-day losing streak. Japan's Nikkei breached 35,000 for the first time since February 1990 in a blistering start to the year, after rising 28% in 2023, its strongest yearly performance in a decade. The Nikkei was last up 1.9% at 35,085 on Thursday. On the other hand, China stocks loitered near 5-year lows as investor sentiment remained subdued.

10.01 / 18:47

Provident Digital Platform Align innovations guidelines Features Hong Kong to introduce comprehensive stablecoin regulation, focusing on innovation and investor protection.

Hong Kong is poised to set a global precedent in the cryptocurrency sector by introducing comprehensive regulations for stablecoin issuers. This development, encompassed in a public consultation from December 27, 2023, to February 29, 2024, marks a significant step in the region's approach to digital assets.

10.01 / 18:27

Fiat-Crypto Payment Firm Alchemy Pay Adds BINs for Crypto Card

Alchemy Pay, a Singapore-based crypto payment gateway has added new Bank Identification Numbers (BINs) for its crypto card. The feature will be available for users in Hong Kong.

10.01 / 12:25

markets ETF SEC Bitcoin stage Spot ETFs crypto ETFs About 10 Fund Companies Preparing to Launch Spot Crypto ETFs in Hong Kong: HashKey Group

While 13 Bitcoin spot ETFs await approval from the US SEC, the Chief Operating Officer of HashKey Group, Livio Weng, has revealed that about ten fund companies are currently preparing to launch Virtual Asset Spot Exchange-Traded Funds in Hong Kong.

10.01 / 09:29

markets Strategy economy Enterprise Election Southern cover Low China stocks hover near five-year low on weak sentiment

China stocks dipped again on Wednesday to the lowest since February 2019, while Hong Kong shares logged a seven-day losing streak, as the absence of market catalysts kept investor sentiment low. ** The blue-chip CSI 300 Index and the Shanghai Composite Index fell 0.5% each. ** Hong Kong's Hang Seng Index fell 0.6% and the Hang Seng China Enterprises Index dropped 0.5%. ** In Asia, Japanese stocks hit a near 34-year high, while other Asian equities meandered around one-month lows ahead of U.S.

10.01 / 06:25

Citi Platform Apple Remark wellness reports prevention Apple faces new challenge in China, authorities develop breakthrough method for AirDrop surveillance

AirDrop, as stated by the city's judicial bureau in an online announcement. The agency reported that law enforcement has identified several suspects using this technique but did not reveal whether any arrests have been made. “It improves the efficiency and accuracy of case-solving and prevents the spread of inappropriate remarks as well as potential bad influences," said the bureau.

10.01 / 02:54

markets UPS Research Trade reports Updates Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US trade deficit to oil prices

Catch Live Market Updates here Investors will now focus on a key inflation report from the US later this week for cues on the timing of the Fed’s rate cut. On Tuesday, the Indian stock market indices, Sensex and Nifty 50, ended flat following mixed global cues as investors awaited key macroeconomic numbers and the December quarter earnings. The Sensex closed at 71,386.21, up 31 points, or 0.04%, while the Nifty 50 settled at 21,544.85, higher by 32 points, or 0.15%.

09.01 / 15:07

UPS Citi Food Celebrity travelers Double the Memories: Plan an Unforgettable Valentine’s Day and CNY Getaway in Hong Kong

Known for its distinctive East-meets-West culture, Hong Kong is ideal for couples to create a unique and timeless memory. From exploring the city on a swoon-worthy photoshoot to creative workshops for crafty couples and dinners at the hottest restaurants in town, it’s time for you to start planning an unforgettable Valentine’s Day in one of Asia’s most romantic cities.

09.01 / 04:58

UPS Citi Airlines Cathay pandemic show travelers Cathay Pacific needs to address capacity issues, Hong Kong leader says

HONG KONG (Reuters) — Plans by Hong Kong's Cathay Pacific Airways (OTC:CPCAY) to slash flights during the busy Lunar New Year period show the airline needs to address its capacity problems, the city's leader said, while its pilot union called for a government enquiry.

09.01 / 03:56

markets Nikkei show performer country electronic reports surges Asian stocks Asian stocks rise as tech surges on AI hype; Inflation remains in focus

Investing.com-- Most Asian stocks rose on Tuesday as regional technology shares surged amid renewed optimism over artificial intelligence, while focus remained on a slew of upcoming inflation reports for more cues on interest rate cuts this year.

09.01 / 02:06

markets UPS MSCI Nikkei Trade show inflation data Asian markets gain as global investors await US inflation data

By Scott Murdoch

08.01 / 19:59

markets UPS Manufacturing Enterprise Trade Courts Chinese property firm Evergrande's EV company says its executive director detained

The electric vehicle unit of troubled Chinese property developer China Evergrande says its vice chairman has been detained by police on “suspicion of illegal crimes.”

08.01 / 17:11

Strategy Food Trade show country Department Commerce Minister Piyush Goyal inaugurates mega food show

Trade Promotion Council of India (TPCI) with the support of the Department of Commerce. Goyal said that the food exports from India holds an immense potential and this this fiscal, the country's agri exports will be more than last year's level of USD 53 billion despite restrictions imposed on shipments of certain key commodities.

08.01 / 16:16

UPS Progressive Election President Taiwan gears up for historic presidential elections amid heightened US-China tensions

United States and China, is set to go into elections on 13 January. In what is set to be a historic year for elections worldwide, after Bangladesh concluded a rather violent general polls, all eyes are now set on Taiwan, as voters will head to the polls this week to choose their next president, vice president and legislative representatives. A population of 23.5 million people will vote in a poll process that outsizes itself in importance owing to the disputed political status.

08.01 / 07:22

COST Citi Target security pandemic Diversity reports Hybrid to full-time office: Hong Kong workers seek 6% hike. Here's why

CBRE Group Inc. Compounding the issue, mainland companies, which historically contributed to rising rentals, accounted for only 11% of new leases in 2023, down from 18% in 2021. In response to the potential demand for increased in-office presence, 27% of respondents sought a salary raise, predominantly targeting a 6% or higher increment, while another 24% contemplated changing jobs to secure flexible work arrangements.

08.01 / 05:31

markets economy Nikkei Trade War show country inflation data Asian stocks Asian stocks slip as rate-cut bets ease; Inflation data deluge on tap

Investing.com-- Most Asian stocks fell on Monday after a surprise jump in U.S. nonfarm payrolls saw markets rethink expectations for early interest rate cuts, with focus now turning to a string of key inflation readings this week.

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