Hong Kong Financial News

China’s e-CNY pilot program is gaining significant attention as three additional banks join the initiative.

Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong.

Animoca Brands has become the largest validator on the TON Network after its investment in TON Play.

Authorities in Hong Kong have confirmed that 145 individuals filed complaints regarding losses from an unlicensed cryptocurrency exchange called Hounax. Police report the total losses amount to around $18.9 million.

Former Governor of China’s central bank PBOC is all optimistic about the country’s central bank digital currency (CBDC) nearing completion.

Boyaa Interactive International Limited, a distinguished online card and board game developer based in Hong Kong, is advancing into the cryptocurrency realm. Since its founding in 2004 and subsequent listing on the Hong Kong Stock Exchange in 2013, Boyaa has established a robust presence in the gaming industry, offering popular titles like Texas Hold’em and Chinese Chess​​​​.

More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four.

Bitcoin miner Canaan is seeking new capital amid a slump in its revenue and bottom line.

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Hong Kong authorities reported on Nov. 27 that 145 users were affected in a scam by the unlicensed cryptocurrency exchange Hounax, resulting in a loss of 148 million Hong Kong dollars ($18.9 million), according to local media Shenzhen Commercial News. 

Fidelity China Special Situations will continue to be managed by FIL Investment Management (Hong Kong) with Dale Nicholls carrying on as portfolio manager.

The international banking giants HSBC and Hang Seng Bank have joined China’s digital yuan pilot.

Shares are mixed in Asia after Wall Street benchmarks edged lower as investors looked ahead to updates on inflation and how American consumers are feeling about the economy

Shares are mixed in Asia after Wall Street benchmarks edged lower as investors looked ahead to updates on inflation and how American consumers are feeling about the economy

Singapore’s central bank’s managing director, Ravi Menon, emphasized that private cryptocurrencies falling short of fundamental financial service tests will eventually fade from the monetary scene.

By Clyde Russell

HONG KONG (Reuters) — People's Bank of China (PBOC) Governor Pan Gongsheng said on Tuesday the central bank would keep monetary policy accommodative, while inflation was expected to be 'going upwards'.

Crypto platform OKX announced its official launch in Brazil, offering users with advanced crypto features including trading and staking rewards.

HONG KONG (Reuters) — Hong Kong private home prices extended a fall in October, dipping to their lowest since March 2017, official data showed on Tuesday, weighed down by higher interest rates and weak buying sentiment.

TCS, Maruti, Paytm, Wipro, PB Fintech, Eicher are among the stocks that could be in focus on Tuesday.India's benchmark stock indices ended lower for the second consecutive day on Friday. The S&P BSE Sensex closed 48 points, or 0.07%, lower at 65,970.04, while the NSE Nifty 50 fell 7 points, or 0.04%, to end at 19,794.70.GIFT Nifty on the NSE IX traded a marginal 6 points higher, hinting at a muted start for Indian indices on Tuesday.Asian stocks witnessed a mixed opening on Tuesday after Wall Street struggled in the wake of a rally that put the S&P 500 near “overbought" levels.Australian shares opened higher, and Hong Kong shares also ticked up traders brushed off overnight losses in US markets, with eyes on US inflation figures later in the week.The Shanghai Composite Index dipped 0.10%, and the Shenzhen Composite Index on China's second exchange eased 0.09%.The benchmark Nikkei 225 index was down 0.04%, at 33,433.26 in early trade, while the broader Topix slipped 0.17%.On Monday, the S&P 500 slipped 0.2%, and the Dow Jones Industrial Average also closed 0.2% lower.

BSE Sensex ended lower by 47.77 points or 0.07% at 65,970.04 level while the Nifty 50 closed at 19,794.70 level, down 7.30 points or 0.04%. According to technical analysts, the key indices experienced a sluggish week, with minimal momentum and prices maintaining a narrow trading range. Despite the lack of significant movements, the Nifty 50 managed to extend its weekly winning streak, securing a 0.34% gain and closing just below the 19,800 mark.