Hong Kong Investors Fall Victims to Alleged $15 Million Crypto Scam

cryptopotato.com Following the JPEX fiasco, it appears that another crypto trading platform called Hounax reportedly scammed some Hong Kong investors, causing them to lose over $15 million.…

US fines PwC $7 million for allowing cheating in audit exams in China

cnn.com A US regulator has hit the China arm of prestigious “Big Four” firm PwC with a $7 million fine. The company failed to detect or prevent extensive cheating by its staff…

Climate Change Has Made These Cities The Worst To Live

247wallst.com The trend of each decade being warmer than the previous one is something that has been occurring since the 1980s and shows no sign of changing. The hottest years on record…

Sun Hung Kai’s biggest weekend sale since 2022 pays off on back of strong demand

scmp.com Sun Hung Kai’s biggest weekend property sale since 2022 pays off, as homebuyers snap up flats at Yoho West amid strong demand biggest weekend home sale in nearly a year and…

Industrial Policy Experiments

phenomenalworld.org The turn of the twenty-first century brought a reassessment of development economics. The global commodity boom of the 2000s ushered in windfall profits for resource-rich…

China's real estate slump shatters myth of ever-rising prices

asia.nikkei.com BEIJING/GUANGZHOU/DALIAN -- China's real estate crisis enters a critical phase on Monday, when a Hong Kong court is expected to hand down a decision on the liquidation of…

The Chopping Block: How This DeFi Hack Negotiator Gets Hackers to Return Stolen Money

unchainedcrypto.com Welcome to The Chopping Block — where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, the gang…

China’s Property Lifeline Exposes Banks to Big Losses, Job Cuts

finance.yahoo.com China’s escalating push to have its banking behemoths backstop struggling property firms is adding to a maelstrom of woes for the $57 trillion sector. • None Billions Wiped…

John Woo Talks Dialogue-Free ‘Silent Night’ and Not Retiring Anytime Soon: ‘I’ll Keep Making Movies as Long as I’m Still Alive’

variety.com If a picture is worth a thousand words, then John Woo‘s wordless action movie “Silent Night” is worth at least a thousand gunshots. Woo returns to Hollywood for the first…

A Wild Ride Through The Halls Of Power In Washington

forbes.com Journalist Ellen Hume has written a compelling memoir, in Lost and Found: Coming of Age in the Washington Press Corps, about her worldwide reporting adventures at the top of…

John Woo Talks Making A Smaller, More Grounded Action Movie

thewrap.com In a vacuum, “Silent Night” seems like any number of action movies about non-superheroic and (either implicitly or explicitly) paternally-inspired one-man killing machines.…

Louis Vuitton Doubles Down on Chinese Consumers

wsj.com HONG KONG—For one night only, this city’s famed promenade along the waterfront was converted into a sandy shoreline. Louis Vuitton, the Parisian luxury powerhouse, staged a…

Bhutan’s Oscar Entry ‘The Monk and the Gun’ Sells Nearly Worldwide (EXCLUSIVE)

variety.com Bhutan’s official Oscar entry “The Monk and the Gun,” Pawo Choyning Dorji‘s follow-up to “Lunana: A Yak in the Classroom,” has been acquired by more distributors in key…

‘Silent Night’ Director John Woo Explains Why He’s Dialed Back His Signature Action Style

hollywoodreporter.com From The Killer’s church shootout to Mission: Impossible 2’s motorcycle chase, John Woo’s over-the-top action style has been the stuff of legend for many decades, but now,…

Why Profitability Is Rare Among Asia’s Digital Banks

forbes.com More than four years after the financial centers of Hong Kong and Singapore announced they would allow digital banks, the online lenders have failed to disrupt those…

How Chinese AI Firms Are Standing Their Ground Amid US Crackdown

beincrypto.com As the US plans to restrict the export of artificial intelligence (AI) chips to China, a Chinese AI chip firm has secured an investment pledge of $280 million. The chip…

From SEBA to AMINA: Swiss-Regulated Crypto Bank Rebrands

financemagnates.com The Swiss crypto bank SEBA Bank AG has rebranded to AMINA Bank AG. This move, which was announced on November 30, 2023, has been described by the company as a new era of…

Yoga Lin Has a Whole New Mind-Set Heading Into First Album in 7 Years

billboard.com One afternoon, Yoga Lin went to a small eatery hidden in an alley in Taipei to have a meal. “It was around 3 or 4 in the afternoon, and many shops had already closed for…

November Manufacturing PMI Higher Than Expected, Week In Review

forbes.com Asian equities were mostly lower for the week with South and Southeast Asia outperforming Northeast Asia as India and Pakistan were the top-performing markets. • Internet…

As Chinese Stocks Tumble To 4 Year Low, Beijing Steps In, Buys ETFs

zerohedge.com As Chinese Stocks Tumble To 4 Year Low, Beijing Steps In, Buys ETFs While US stocks are trading just shy of 2023 highs and less than 5% from all time highs thanks to the…

Freedom scallops: The seafood war you probably didn’t know about

euronews.com China and Japan have escalated their scallop war, which is now being called a manipulation tactic by the Chinese. Euronews Business breaks down what it is all about. While…

The Morning Risk Report: Meta Sues FTC Over Its In-House Courts

createsend.com Good morning. Meta Platforms has challenged the constitutionality of the Federal Trade Commission’s structure, the company’s latest effort to block the regulator from…

$AIMEME Soars: Achieves 1542% Growth in 30 Minutes Following LBank Listing

cryptodaily.co.uk HongKong, HongKong, December 1st, 2023, Chainwire In a groundbreaking move within the cryptocurrency market, LBank's Launchpad for ACGN Protocol's native token, $AIMEME, has…

IPX Unveils Exclusive BT21 X FRAGMENT Collection with Hiroshi Fujiwara: BT21 Turns into a Chic Fashion Icon through a Collaboration with the Contemporary…

benzinga.com The global launch of 'BT21 X FRAGMENT' collection brings together streetwear brand 'FRAGMENT' and the globally beloved character IP 'BT21,' creating a chic and hip styles •…

Hong Kong journalist 'missing' during trip to China

asia.nikkei.com HONG KONG -- A reporter working for Hong Kong's South China Morning Post has become unreachable after her business trip to Beijing last month, following a similar incident…

Evergrande creditor group backs the Chinese developer’s efforts to keep onshore unit operational, opposes bankruptcy process

scmp.com “No stakeholders of Hengda, be it customers, suppliers, creditors, or the PRC government, would benefit from forcing Hengda into a multi-year, value-destructive bankruptcy…

Crypto Bank Seba Rebrands Itself as ‘Amina’ amid Major Transformation

coinspeaker.com Coinspeaker Crypto Bank Seba Rebrands Itself as ‘Amina’ amid Major Transformation The cryptocurrency bank, formerly known as Seba, is embarking on a major rebranding effort…

PwC Counts Cost of China, HK Audit Staff Exam Cheating

asiafinancial.com The case follows a deal allowing US inspectors to examine Chinese firms after Washington threatened to delist China’s companies from US stock exchanges US regulators have…

China's Xi under new pressure to stop aiding Russia's Ukraine war

newsweek.com European Union leaders will directly appeal to Chinese leader Xi Jinping regarding the actions of 13 Chinese companies accused of helping Russia circumvent sanctions. This…

PwC employees cheating on tests in China just cost the auditing firm $7 million in U.S. fines

aol.com Cheating on a test can now cost you millions of dollars—at least, if you're a U.S.-regulated accounting firm. The Public Company Accounting Oversight Board (PCAOB), a U.S.…

NFT bubble has truly burst, but do they have a future? – DW

dw.com NFTs were a pandemic curiosity, with the digital assets experiencing a massive rise in value before an equally dramatic crash. Were they simply fool's gold or could they…

Tech Drags on Nikkei, China Data Weighs on Hang Seng

asiafinancial.com Asia’s major stock indexes slipped into the red on Friday as an air of uncertainty dominated trading floors, with investors wondering when the US Fed will turn around its…

Hong Kong: fears raised after journalist fails to return from China trip

theguardian.com Friends and colleagues of a Hong Kong journalist have raised concerns after she failed to return from a defence and security forum in Beijing a month ago. Minnie Chan, a…

Asia shares start Dec on weak note, dollar on back foot

reuters.com Bull statues are placed in font of screens showing the Hang Seng stock index and stock prices outside Exchange Square, in Hong Kong, China, August 18, 2023. REUTERS/Tyrone…

John Woo Has Seen a Lot in Hollywood. He’s Finally Back for More

nytimes.com John Woo actually doesn’t like to watch action that much — he prefers drama — “but it is fun to make.” The director reflects on why he left in the first place, how he was…

Tencent-Backed AI Drug Discovery Startup Xtalpi Files For Hong Kong IPO

forbes.com Xtalpi, a Shenzhen-based company which uses artificial intelligence to find chemical compounds that could be developed into new drugs, has filed for an initial public…

SenseTime mulls separate fundraising for auto and healthcare units: sources

scmp.com China AI champion SenseTime mulls separate fundraising for auto and healthcare units, people say SenseTime Group is exploring carving out its autonomous driving and…

Rare Earths Seen As a Factor in China-Vietnam Rail Link Talks

asiafinancial.com Officials from China and Vietnam are discussing a possible major upgrade of their underdeveloped rail links, including an historic line built in the colonial era over a…

China, Vietnam consider rail link through rare earths heartland

reuters.com A Vietnamese pupil holds Vietnamese and Chinese flags before the welcoming ceremony at the Presidential Palace in Hanoi, Vietnam November 12, 2017. REUTERS/Hoang Dinh…

Marex completes acquisition of TD Cowen’s outsourced trading and prime brokerage business

thetradenews.com Commodities specialist Marex has completed its acquisition of TD Cowen’s outsourced trading and prime brokerage business, first announced in September. The business has been…

Hong Kong home sales jump as impact of property easing measures filters through

scmp.com New home sales surged 63.3 per cent month on month to 565 units, while second-hand homes recorded a near 15 per cent increase to 2,202 units, Midland’s data showed. Overall…

China’s A-List Flock to Hong Kong for Louis Vuitton’s First Show

youtube.com Pharrell Williams, high fashion, glitz and superstars. A-listers flocked to Hong Kong for Louis Vuitton's first ever fashion show in the city. Here's what went down.…

The Big Risk Causing Investors to Shun China

wsj.com HONG KONG—Investing in China has never been this perilous. When global investors flocked to the country during its economic boom in the past decade, geopolitical risks were…

China mints more billionaires as ‘great wealth transfer’ sees more riches inherited

scmp.com A total of HK$1.18 trillion (US$150.8 billion) was inherited by 53 heirs worldwide in the 12 months to April, exceeding the HK$1.1 trillion raked in by 84 new self-made…

US watchdog fines PwC affiliates, Chinese firm US$8 million for audit failures

scmp.com The companies faced the prospect of being delisted from US exchanges if Chinese authorities continued to bar audit inspections on grounds of national security. The…

Apple Stock Fell Last Week, Analysts Say This Is The Perfect Opportunity To Buy

finance.yahoo.com Apple Inc. (NASDAQ:AAPL), the largest company in the world in terms of market cap, is expected to witness a slowdown in sales in the near term as the world braces for an…

Hong Kong stocks near one-year low as JPMorgan, HSBC see struggle into 2024

scmp.com Alibaba Group lost 0.4 per cent to HK$72.45, Tencent Holdings dropped 1.3 per cent to HK$322.80 and Meituan tumbled 2.3 per cent to HK$88.55 after a wave of downgrades . EV…

China Evergrande seeks to avoid liquidation with last-ditch debt plan

reuters.com China Evergrande Group (3333.HK), the world's most indebted property developer, is seeking to avert a potentially imminent liquidation with a last-minute debt restructuring…

This tiny country drove 15% of Nvidia's revenue

cnbc.com Microchip and Nvidia logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023. (Photo by Jakub…

Morning Bid: December cheer, China fear

reuters.com FILE PHOTO: A screen showing the Hang Seng stock index is seen outside Exchange Square, in Hong Kong, China, August 18, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing…

Alibaba’s reversal from online superstar is so serious that it briefly lost its crown as China's second-most valuable e-commerce player

fortune.com Alibaba briefly lost its position as China’s most valuable e-commerce firm to eight-year-old upstart PDD on Thursday, a watershed moment for an internet industry that Jack…

HSBC Innovation Banking steps up support for innovation businesses

scmp.com As part of the launch, the bank, which has been supporting its clients’ international growth for more than 150 years, has established two dedicated teams of specialist…

HUTCHMED Highlights Clinical Data to be Presented at 2023 ESMO Asia and ESMO Immuno-Oncology Congresses

benzinga.com HONG KONG and SHANGHAI, China and FLORHAM PARK, N.J., Nov. 30, 2023 (GLOBE NEWSWIRE) -- HUTCHMED (China) Limited ("HUTCHMED") (Nasdaq/AIM:​HCM; HKEX:​13) today highlights…

JPMorgan, HSBC see long winter ahead for Chinese stocks

scmp.com “The overall sense is that the economy faces greater downside risks,” Caroline Yu Maurer, head of China and Hong Kong equities at HSBC Asset Management, said in an…