Hong Kong Financial News

28.09 / 01:49

Digital Platform Align Tencent Chinese Tech Giant Tencent Joins CBDC Interoperability Pilot

China’s Tencent, the operator of the WeChat and WeChat Pay platforms, will join central bank-led digital yuan and CBDC interoperability pilots.

27.09 / 19:59

awards President Fulton country audience donates University of the People founder and Arizona State professor win Yidan Prize for education work

Shai Reshef, president and founder of the online, tuition-free University of the People, and Arizona State University professor and researcher Michelene Chi, who has developed a framework to improve how students learn, are the 2023 winners of The Yidan...

27.09 / 18:29

scam Bank Lost Local US Bank Shut Down after CEO Lost Millions in Crypto Scam

Heartland Tri-State Bank, a community bank in Elkhart, Kansas, has been forced to shut down after its CEO, Shan Hanes, lost millions of dollars in a cryptocurrency scam.

27.09 / 17:15

business Blockchain HK Hashkey HK opens AVAX trading with $1M portfolio requirement

Hong Kong crypto exchange Hashkey, the first to receive a retail crypto license in the Special Administrative Region (SAR), will open Avalanche (AVAX) trading on its platform. However, there is a catch.

27.09 / 16:01

Blockchain regulation Fraud Bitcoin Regulation Bitcoin Hong Kong police recover $11M worth of assets in JPEX case: Report

The Secretary for Security of Hong Kong, Chris Tang Ping-keung, has vowed to bring justice to people who fell victim to the JPEX crypto exchange fraud, local media has reported. In a press conference on Wednesday, Sept. 27, the security chief’s office said police are actively looking for the key operators behind the JPEX crypto exchange that orchestrated the country’s largest digital asset fraud.

27.09 / 12:47

UPS Lowe's Target CoinMarketCap Huobi social Wall Street Memes Price Pumps 106%, Soars Into Top 10 Meme Coins Whilst Pepe and Shiba Inu Slide

Just 24 hours after listing on top-tier centralized exchanges OKX and Huobi, Wall Street Memes ($WSM) has soared into the ranks of the top meme coins.

27.09 / 12:01

UPS economy DAX MSCI track Global stocks flatline after surge in bond yields drives equity sell-off

By Harry Robertson and Julie Zhu

27.09 / 11:35

Hack network Bug Bounty Mixin Network Proposes $20 Million Bug Bounty to Hacker in $200 Million Security Breach

Mixin Network, the Beleaguered cross-chain transactional network for digital assets, which suffered an attack on Sept. 23 wiping $200 million, has offered a bug bounty to the exploiter on Wednesday.

27.09 / 11:29

UPS FIVE Art Extreme stage electronic exclusive Billionaire plans $50M auction for rare 1982 Château Petrus

Two years after selling $11.4 million worth of wine from his cellar, the Taiwanese billionaire Pierre Chen is set to sell an even bigger tranche starting this fall. Some 25,000 bottles, worth an estimated $50 million, will go to auction at Sotheby’s in five dedicated auctions over the next 12 months. The first will be staged in Hong Kong in November.

27.09 / 10:37

COST Target BLOCK Action Fighting Albemarle hearing MinRes wins fight for Bald Hill lithium mine after court hearing

A court hearing in Perth has cleared the way for Chris Ellison’s Mineral Resources to acquire the Bald Hill lithium mine from administrators as part of consolidation in the sector in Western Australia.

27.09 / 09:15

Blockchain defi Hackers hacks decentralized marketplace network Bug Bounty Mixin Network offers $20M bug bounty to hackers in $200M hack

Mixin Network, a decentralized cross-chain protocol, in a message to the hacker behind the $200 million exploit on Sept. 23, has offered a $20-million bug bounty for the return of the remaining funds.

27.09 / 05:07

Compilation Enterprise Healthcare stage hospital information reports Indian stake CVC may sell controlling stake in Indian hospital chain HealthCare Global

CVC Capital Partners is exploring selling its controlling stake in Indian cancer hospital chain HealthCare Global Enterprises Ltd., according to people familiar with the matter. The private equity firm is looking to identify buyers for its 60.4% in the Mumbai-listed company, said the people, who asked not to be identified as the information is private. CVC’s stake is worth about $358 million, according to data compiled by Bloomberg.

27.09 / 02:13

economy NIFTY WhatsApp show 6 things that changed for the stock market overnight - Gift Nifty to falling US consumer confidence

Also Read: Day trading guide for today: Six buy or sell stocks for Wednesday —September 27 Here are key domestic and global markets cues for the Indian stock market today: Asian markets traded mixed on Wednesday following overnight losses on Wall Street amid concerns over a longer period of higher interest rates. Investors await China’s industrial data and Australia’s August inflation figures due today. Japan’s Nikkei 225 declined 0.71% and the Topix fell 0.63%.

27.09 / 02:13

UPS Citi Target economy HSBC President China's economic growth target of 5% for 2023 at risk due to property crisis

Also read: Chinese President Xi Jinping's housing crisis efforts jeopardized as Evergrande face trouble “The real estate sector will continue to be under mounting pressure" despite recent government efforts to support property, said analysts at Poseidon Partner, a Hong Kong-based investment firm. “We expect to see players who racked up debt in the past to continue to suffer." The economist survey coincides with new research from Bloomberg Economics that suggests the “around 5%" growth goal is still possible, though not a sure bet. They estimate the probability of an undershoot at 18%.

27.09 / 01:51

Reuters open Evergrande shares set to open down 3.8% amid uncertainty over debt revamp plan

HONG KONG (Reuters) — Shares of China Evergrande (HK:3333) were set to extend losses on Wednesday after sources told Reuters that some of its offshore creditors are planning to join a winding-up court petition filed against the embattled developer if it doesn't submit a new debt revamp plan by next month.

26.09 / 17:45

Blockchain Payments Tokens Middle east Cross-border Bahrain’s Bank ABC using JPMorgan’s Onyx blockchain for cross-border payments

Bahrain-based Bank ABC will use JPMorgan’s Onyx Coin Systems for blockchain-based cross-border payments in a soft, or limited, launch. The new service will be more cost effective and reduce settlement times relative to traditional solutions.

26.09 / 15:49

Blockchain Provident Twitter Google Action exclusive information network Mixin Network Suffers $200 Million Hack

Key Takeaways

26.09 / 14:55

IPO Provident FIVE Maxim CEO Alibaba will spin off its logistics arm Cainiao in an IPO in Hong Kong

Chinese e-commerce company Alibaba says it will spin off its logistics arm, Cainiao Smart Logistics Network, in an initial public offering in Hong Kong

26.09 / 14:03

IPO Provident Reuters CEO reports Department China's Alibaba kicks off restructuring with plan to list logistics arm in Hong Kong

By Brenda Goh

26.09 / 13:35

Manufacturing Fallout HSBC Tesla social reports fall Tesla, United Natural Foods, Snap fall premarket; Fisker, DraftKings rise

Investing.com — U.S. futures fell Tuesday, with investors dealing with the fallout from the Federal Reserve's hawkish policy update last week as well as a potential government shutdown.

26.09 / 12:21

regulation Bitcoin Taiwan bans unregistered foreign crypto exchanges from operating

Taiwan’s Financial Supervisory Commission (FSC) is moving to improve protections for cryptocurrency investors by introducing new rules.

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