Hong Kong Financial News

By Greg Torode

Investing.com-- Most Asian stocks fell on Friday following weak economic signals from Japan and the euro zone, while steep losses in index heavyweight Chow Tai Fook Jewellery dragged Hong Kong’s Hang Seng index lower.

Nifty just above 19,800 and the Sensex at 66,017.81. Diverse trends emerged across Asian markets as oil prices fell. Japan’s Nikkei 225 surged by 0.97% to 33,775.20, and the TOPIX rose by 0.74% to 2,395.90 after a national holiday.

The ongoing investigation into Taiwanese cryptocurrency exchange JPEX has taken a dramatic turn with the involvement of Chen Lingjiu, a well-known Taiwanese singer. As reported by Central News Agency on November 9, 2023, this development is part of a larger narrative of troubles surrounding JPEX, known for its rapid rise in the Asian cryptocurrency market and subsequent legal challenges.

Hong Kong Legislative Council member and CPPCC member Johnny Ng, known as @Johnny_nkc on Twitter, attended the «2023 World Internet Conference» in Wuzhen, where he delivered a keynote speech on digital literacy and skills enhancement. Ng’s speech, dated 9th November 2023, focused on two main themes: the integration of the  senior  economy with the internet, and the role of Web3 technology in empowering content creators.

Shares are mixed in Europe and Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain

Shares are mostly lower in Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain

Some creditors of cryptocurrency futures exchange CoinFLEX are alleging that OPNX, a new crypto exchange established in part by Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, was created using CoinFLEX assets without their consent. 

The Singaporean crypto-fiat payment gateway, Alchemy Pay, announced a further expansion into the United States market on Nov. 23 with the acquisition of its money services license in the state of Iowa. 

The Bank of Korea (BOK) — South Korea’s central bank — has said it will invite 100,000 Korean citizens to purchase goods with deposit tokens as part of its central bank digital currency (CBDC) pilot. The testing will start “around September to October” of 2024 and last for three months. 

Macquarie Group’s wealth management division is without a head of investment strategy. Street Talk understands Jason Todd is no longer at his post after almost six years in the job.

These holidays, fans from around the world can join beloved characters including Elsa and Anna from Frozen, BE@RBRICK, and Le Petit Prince in Hong Kong to celebrate the festive season. Beyond these iconic figures, the city offers myriad ways for visitors of all ages to immerse themselves in the festive ambience, promising a season filled with enchantment and joy. Mr. Puneet Kumar, Director – South Asia and Middle East, Hong Kong Tourism Board said," extended a warm invitation to Indian visitors to get ready for the festive atmosphere in Hong Kong with an array of exciting events, spectacular Christmas decorations, and lighting installations at the Hong Kong WinterFest! Our visitors from India will encounter magical activities at top attractions, enjoy prestigious offers and privileges from top-tier shopping malls, have exclusive dining experiences at classy hotels and restaurants, take themed tours and itineraries, and more! To top it all off, join the Hong Kong New Year Countdown Celebrations to ring in the new year and have an unforgettable holiday with your loved ones!" Hong Kong Disneyland debuts “The World of Frozen", the first of its kind in the worldStep into a magical winter wonderland as Hong Kong Disneyland unveils “The World of Frozen", the world’s first and largest Frozen-themed land.

Binance , the world’s largest crypto exchange, is expected to maintain its position as the dominant global exchange, even after reaching a settlement with the U.S. Department of Justice (DOJ). 

Chris Ellison’s Mineral Resources will pay just $260 million to complete the acquisition of one of Australia’s few operating lithium mines in Western Australia’s exploration heartland.

US Federal Reserve meeting minutes showed a cautious approach to future interest-rate moves. The Asian markets traded mostly lower, while the US stock market indices closed in the red overnight after the amid selling in retail and technology shares. On Tuesday, the domestic benchmark equity indices ended with decent gains, snapping a two-day losing streak.

TCS's petition to file an appeal against the orders passed by the US Court of Appeals in the Epic Systems Corporation matter. It confirmed the punitive damages award of $140 million passed by the District Court of Wisconsin.

Sensex fell 139.58 points, or 0.21%, to close at 65,655.15, while the NSE Nifty 50 ended 37.80 points, or 0.19%, lower at 19,694.00. “Overall market is likely to consolidate in a range as focus will be on the US FOMC meeting minutes which will be released on Wednesday. Globally, participation could be lower on account of Thanks Giving Holiday on Thursday.

Hong Kong Disneyland has opened its first Frozen-themed attraction, with thousands of eager visitors turning up to experience the new rides

By Katherine Masters

The Hong Kong Monetary Authority (HKMA) is set to initiate the second phase of its digital Hong Kong Dollar project next year, focusing on the exploration of innovative applications and reinforcing collaborations across the financial industry.

China Asset Management’s Hong Kong branch has entered into a memorandum of understanding with Hashkey exchange and HamsaTech Hong Kong.