Hong Kong Financial News

Goldman Sachs promoted some new managing directors on Friday. In a reminder that Goldman Sachs isn't just an investment bank and trading business nowadays, fewer than half (47%) of the 608 lucky new MDs work in the banking and markets business. Another 25% are Goldman's new preferred places of asset and wealth management. The remainder are dotted across Goldman's remaining divisions.

Following the abrupt departure of Henry Tsai, Morgan Stanley's head of APAC internet banking Morgan Stanley appears to have lost another even more senior banker from its internet banking team. 

Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC).

The Swiss crypto bank SEBA has announced that its wholly owned subsidiary SEBA Hong Kong has received a full license from the city’s Securities and Futures Commission (SFC).

(Reuters) — Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, four people familiar with the plan told Reuters.

Investing.com-- Most Asian stocks moved in a flat-to-low range on Wednesday as recent comments from Federal Reserve officials suggested that the central bank may not be done raising interest rates. 

HONG KONG (Reuters) — China's economic policy shift and the investment opportunities it is creating are drivers for long-term bets in the country by global asset managers, top executives said on Wednesday.

Sensex ended 16.29 points, 0.03%, lower at 64,942.40, while the Nifty 50 closed down 5.05 points, or 0.03%, at 19,406.70. “Market has shown resilience at lower levels, despite a subdued global environment. We expect the market to gradually move upwards given a strong Indian economy and healthy earnings season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

₹400 crore to buy the three aircraft but is staring at further headwinds as the aircraft grounded for over four years will require 8-12 months to become airworthy and flown out of India. It will take some more time to convert the passenger planes to freighters, the company said. “...the more you wait, or the more the aircraft is on ground, it loses value and eventually you reach a point when the value of the assets is zero or sometimes even minus.

The hype surrounding the potential launch of a spot Bitcoin exchange-traded fund (ETF) is not only driving up the price of Bitcoin but has also reignited enthusiasm in the crypto gaming sector, according to Animoca Brands co-founder and executive chairman Yat Siu.

Attendees of the Yuga Labs ApeFest event in Hong Kong have reported suffering burns, eye damage, and extreme pain in their eyes after attending the event.

Fragile markets, shadow lenders, international tensions and too many wars — global bankers gathering in Hong Kong were meant to discuss how they’re adapting to the financial world’s “complexity” and ended up dwelling on the potential for big blowups instead.

Shares have mostly fallen in Asia after a mixed close on Wall Street

By Selena Li

«Overall we expect the market to remain positive over the next few days ahead of the Diwali festival over the weekend. Action could be seen in broader market with niche segments in stronger momentum,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 16 points, or 0.08 per cent, at 19,464, signaling that Dalal Street was headed for muted start on Tuesday. India VIX: India VIX, which is a measure of the fear in the markets, rose 2.04% to settle at 11.10 levels. US stocks gain U.S. stocks closed slightly higher on Monday as investors awaited guidance from a host of Federal Reserve policymakers later in the week on the central bank's policy path, with a large amount of bond supply also due to hit the market. Asian shares dip Asian stocks edged lower as fresh doubts emerged on whether the Federal Reserve has finished tightening policy, with gains in US shares limited by a rise in bond yields.

China’s digital yuan has completed another historic CBDC first, with a Taiwan-based firm “successfully” issuing e-CNY bonds.

Bitcoin’s (BTC) marginal rise of about 1.5% last week suggests that traders are cautious at higher levels but they are not rushing to the exit. The bears have been in hibernation for the past few days but if the rally fails to resume, sellers may try to make a comeback.

Investing.com — Here is your Pro Recap of the biggest insider trades and institutional investor headlines you may have missed last week: Berkshire Hathaway sells $25.8 million worth of shares in China's BYD, Cole Capital Funds seeks to acquire 51% of WeWork, and top brass buys at Align Technology, Arbor Realty Trust, Loews, Greenbrier, and Fifth Third Bancorp.

Several attendees of Yuga Labs’ ApeFest event on Nov. 4 in Hong Kong reported eye-related issues, including burns, damaged vision and “extreme pain” in their eyes.

The cryptocurrency community is excited about the Hong Kong government reportedly weighing the launch of a spot cryptocurrency exchange-traded fund (ETF) amid the ongoing regulatory pushback against such products in the United States.

The Securities and Futures Commission (SFC) of Hong Kong laid down the business requirements for offering tokenized securities and other investment products in a circular released Nov. 2.