Hong Kong Financial News

The Singapore-based BSN Foundation, a global blockchain infrastructure organization, officially announced its launch with five international founding members on Nov. 16.

By David Kirton

The Philippines Bureau of the Treasury announced it would offer 10 billion pesos ($179 million) of one-year tokenized treasury bonds for the first time after canceling the traditional auction scheduled for Nov. 20.

Asian shares have retreated after Wall Street added a bit more to its big rally from a day before

By Kane Wu and M. Sriram

Hong Kong-based crypto technology company ASICRUN has released its latest offerings, which reportedly boast “unparalleled mining performance.”

Investing.com-- Hong Kong-listed shares of Alibaba Group (HK:9988) (NYSE:BABA) fell on Thursday in anticipation of a quarterly earnings report which is expected to show whether the e-commerce giant weathered a downturn in China. 

HONG KONG (Reuters) — A court auction to sell vast commercial land plots owned by defaulted Shimao Group in Shenzhen failed for a second time on Thursday as there were no bidders, highlighting weak demand in China's property market.

By Julie Zhu

Sensex jumped 742.06 points, or 1.14%, to end at 65,675.93, while the Nifty 50 settled 231.90 points, or 1.19%, higher at 19,675.45. “Rally was seen in global markets after weak US inflation data raised hopes that the interest rate-hiking cycle has reached its peak. Additionally, news of fresh stimulus in China and sharp fall in UK’s inflation boosted the sentiments.

By Max A. Cherney and Loren Elliot

In this week’s newsletter, check out Disney’s plans to release a nonfungible token (NFT) platform by the end of 2023 and find out why NFT sales volumes will likely continue their upward trend in the coming months. Read about China’s stance on NFT theft and why the CEO of Roblox “dreams” of interoperability. In other news, find out what caused eye-related complaints at the recent ApeFest event in Hong Kong. 

Taiwan will take part in the Asia-Pacific Economic Cooperation forum in San Francisco this week, a rare opportunity for the self-governing island democracy of 23 million people and its high-tech economy to break the diplomatic embargo on it imposed by ...

The main US federal government pension will exclude investments in Hong Kong, in addition to mainland China, from its $68 billion international fund, amid rising tensions between the world’s two largest economies. 

Dairy Queen is partnering with local nonfungible token project Weirdo Ghost Gang (WGG) to create a pop-up NFT store in Chengdu, China.

Hong Kong-founded institutional cryptocurrency asset custodian Hex Trust has been given the green light to offer virtual asset custodial services to institutional clients and investors in Dubai.

Global shares are mostly higher, cheered by a rally on Wall Street that was one of the best days of the year following a surprisingly encouraging report on inflation

Court ruled on Wednesday that the government's plan to send asylum seekers to Rwanda was unlawful, delivering a major blow to Prime Minister Rishi Sunak's pledge to stop people arriving in small boats. Here are details about the case and the issue: WHY IS IMMIGRATION SUCH AN ISSUE IN BRITAIN? Taking back control of the country's borders and ending the free movement of people was a major factor that led to the 2016 vote for Britain to leave the European Union. Successive Conservative governments had promised to cut net migration to under 100,000 annually before dropping that pledge before an election in 2019. While official data recording has changed, net immigration has continued to rise since Brexit, hitting a record of 606,000 in 2022, partly due to new visa routes for arrivals from Ukraine and Hong Kong. WHAT IS BRITAIN'S RWANDA PLAN? The Rwanda plan, struck in April 2022 by then Prime Minister Boris Johnson, is designed to deter asylum seekers from making the dangerous journey of about 20 miles (32 km) across the Channel from Europe in small boats or inflatable dinghies to England's southern beaches. Last year, a record 45,775 people were detected arriving without permission in Britain in this way. So far this year, more than 27,000 have arrived on small boats. Under the scheme, anyone who arrived in Britain illegally after Jan.

UBS Group AG. Stocks in China have currently priced in “lots of negatives,” making them poised for a sharp rebound when catalysts arrive, said Sunil Tirumalai, UBS’ global emerging market strategist. Meanwhile, earnings-based valuations for Indian shares are already at “fairly extreme levels.” Additional stimulus measures from Beijing and improving geopolitical relations can provide “positive sustained market reaction” for China, he said in an interview last week.

US Federal Reserve will not hike interest rates further. Indian markets were shut for a holiday on November 14. On Monday, the domestic benchmark equity indices ended half a percent lower amid mixed global cues.

Disney has created a nonfungible token (NFT) platform together with blockchain and metaverse firm Dapper Labs.