Hong Kong Police Arrest Three in HK$5.1 Million Virtual Investment Talk Show Ticket Scam

cryptonews.com Hong Kong police arrested on Tuesday three individuals linked to a fraud syndicate that allegedly defrauded at least 10 residents out of HK$5.1 million (US$653,900) through…

Ethereum ETFs Awaiting Decision This Week: Why Are Regulators Hesitant?

cryptonews.com Cryptocurrency industry is eagerly anticipating May 23, when the US Securities and Exchange Commission (SEC) is set to announce its decision on VanEck’s spot ETH…

Futures Flat As Investors Wait For Nvidia Earnings; Ethereum Soars

zerohedge.com Futures Flat As Investors Wait For Nvidia Earnings; Ethereum Soars US futures are flat, reversing earlier losses, with European bourses and Asian markets all lower as the…

Hong Kong’s property market rebound is bittersweet pill for homebuyers as attainability measures seen weakening

scmp.com “The government is trying to stimulate the housing market by reducing the cost of home purchases,” said Ken Rhee, CEO of Huhan Advisory and co-author of the report. “By the…

Asian stocks retreat as China rally cools, Hong Kong slammed by tech rout

investing.com Investing.com-- Most Asian stocks fell slightly on Tuesday as a stimulus-driven rally in Chinese markets ran dry, while concerns over high for longer interest rates also…

Hong Kong will keep watching internet platforms for non-compliance with ban on protest song

seattletimes.com Hong Kong’s leader says his government will keep monitoring for any non-compliance with a court order that bans a popular protest song.

Chinese nuclear power firm starts work on nation’s largest offshore solar farm

scmp.com “Upon completion, it will cross couple with the nuclear power station, forming a 10GW large-scale clean-energy production base,” the utility said in a filing to the Shanghai…

Hong Kong’s resolve to become a global innovation hub

multimedia.scmp.com In August 2023, Hong Kong Chief Executive John Lee Ka-chiu pledged to work towards making a cross-boundary science and technology hub a reality by 2035. Lee also proposed…

‘Twilight of the Warriors: Walled In’ Review: Blazing Action Delights Get Marred by Languid Soap Opera

variety.com Unfolding in the cramped corridors of Hong Kong’s Kowloon Walled City (it was one of the most dangerously dense urban areas on Earth before being demolished in 1993), Soi…

Hong Kong an ideal fundraising hub for AI start-ups helped by its connector role, large pool of wealthy investors: European venture firm

scmp.com Barthelemy is no stranger to Hong Kong. He was the French Consul General in Hong Kong from 2011 until 2015, after which he quit politics to join the financial sector. His…

Hong Kong a rising contributor in Greater Bay Area’s research in strategic fields like AI and biomedicine, report says

scmp.com The GBA is Beijing’s plan to integrate Hong Kong, Macau and nine cities in southern Guangdong province into a new powerhouse – with more than 86 million people combined –…

Global crypto firms turn to Hong Kong for refuge

techcrunch.com With U.S. regulators continuing to ramp up their scrutiny of crypto, startups and founders in the space are looking overseas to find friendlier climates to support their…

Hong Kong Welcomes FinTax to Simplify Tax Reporting as Crypto Adoption Increases

coinspeaker.com Coinspeaker Hong Kong Welcomes FinTax to Simplify Tax Reporting as Crypto Adoption Increases Following the approval of spot Bitcoin and Ethereum exchange-traded fund (ETF)…

Why XRP Price is Poised to Skyrocket in 2024

coingape.com As the cryptocurrency market is constantly evolving, XRP is identified as a token that has high potential for significant price growth in 2024. Although experiencing swings…

Bloomberg and HKEX enhance Swap Connect solutions to facilitate global investments for IRS market

thetradenews.com Bloomberg and Hong Kong Exchanges and Clearing (HKEX) have enhanced their Swap Connect solutions to better facilitate global investments in China’s onshore interbank…

China’s capital markets set for ‘renewed growth for many years to come’ after Beijing’s rescue actions: investors

scmp.com “As the Chinese government introduced more pragmatic measures to deal with the housing crisis and also the ongoing efforts to improve the regulatory policy framework,…

No delay to Hong Kong’s plan to allow stock market to stay open in typhoons, treasury secretary says

scmp.com “The planned timeline has not changed. The details of the reform will be announced in the middle of this year, and we will give sufficient time for the market participants…

HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin

cryptonews.com The Hong Kong Institute for International Finance (HKIIF) Chairman Xiao Geng recently highlighted the potential benefits of a CNY-pegged stablecoin for Hong Kong during an…

AI could boost Hongkongers’ salaries by up to 28%, if employers bridge training gap, Amazon research says

scmp.com Besides boosting salaries, AI could improve organisations’ productivity by up to 47 per cent, said the report, conducted by policy consulting firm Access Partnership on…

Hong Kong Gets First Crypto-Asset Tax Software: FinTax

coinpedia.org The post Hong Kong Gets First Crypto-Asset Tax Software: FinTax appeared first on Coinpedia Fintech News The former tax director of Bitmain and his team have introduced…

China Box Office: ‘The Last Frenzy’ Returns to Top Spot as Theatrical Momentum Slows

variety.com “The Last Frenzy,” a comedy film about a dying man’s last hurrah, returned to the top spot in mainland Chinese cinemas in its third weekend of release. “Kingdom of the…

Asian stocks rise on China stimulus cheer, tech strength

investing.com Investing.com-- Most Asian stocks rose on Monday as markets welcomed stimulus measures in China, while technology-heavy indexes also advanced as investors bought into the…

Hong Kong’s family office measures succeed in attracting global interest: JPMorgan Private Bank

scmp.com Most of the interest is from the bank’s mainland Chinese and Southeast Asian clients, but inquiries from other parts of the world are increasing, he added. “Hong Kong has a…

Why Singapore’s retail sector could prove to be more resilient than Hong Kong’s

scmp.com In the long-run, Hongkongers’ spending on the mainland is likely to pose more challenges to the city’s retail sector, they added, as Hong Kong’s tourism has yet to fully…

YouTube blocks Hong Kong protest anthem after court injunction bans song in the city

abcnews.go.com YouTube has blocked access to videos of a protest song in Hong Kong to comply with a removal order, days after a court approved an injunction to ban the song in the city…

Hong Kong Police Arrest Crypto Exchange Shop Employees on Suspicion of Fraud

cryptopotato.com Hong Kong police have taken into custody three employees of a currency exchange shop who are suspected of engaging in fraudulent activities. This followed an incident where…

Is crypto regulatory clarity impossible? Asia doesn’t think so

crypto.news The United States government’s recent actions against crypto giants like KuCoin and Binance have put it on notice and cast an ominous shadow over the industry. With…

Elon Musk Deepfake Crypto Scam Raises Alarm In Hong Kong, SFC Responds

coingape.com In a recent advisory, the Hong Kong Securities and Futures Commission (SFC) issued a stern warning about a cryptocurrency scam involving deepfake technology. This…

U.S. Bitcoin ETFs Q1: Major institutions hold $10.7 billion, but…

ambcrypto.com None U.S. Bitcoin ETFs saw massive demand from investment firms in Q1 • None Off-chain transactions linked to BTC ETFs have raised eyebrows, but they are part of the ‘cash…

OKX’s OKLINK Highlights Hong Kong’s Crypto ETF Potential

coinpedia.org The post OKX’s OKLINK Highlights Hong Kong’s Crypto ETF Potential appeared first on Coinpedia Fintech News OKX’s Hong Kong subsidiary, OKLINK, noted that Hong Kong’s…

Hong Kong Launches Personal e-CNY Wallets For Cross-Border Payments

cryptonews.com Hong Kong became the first region outside mainland China to allow users to open digital wallets and hold China’s CBDC e-CNY, otherwise known as the digital yuan on Friday.…

Slump From Post-Covid High Leaves Budweiser APAC With Earnings Hangover

benzinga.com Budweiser APAC’s first-quarter revenues slipped 0.4% and profits fell 3.4%, sagging from elevated levels a year earlier and dampened by bad weather • Market watchers say…

Hang Seng Index to eject Country Garden Services, add handset maker BYD Electronic

scmp.com Inclusion in Hong Kong’s benchmark index boosts capital inflows for companies, as the gauge is commonly used as a reference by passive investment funds, which allocate their…

Hong Kong investors fall prey to new scam

dlnews.com Hong Kong’s crypto market just got even more perilous. Even as public officials launch an unprecedented public education campaign to warn investors about rogue digital…

Beijing unveils sweeping action plan to tackle property crisis

semafor.com Semafor Signals Supported by Insights from The Wall Street Journal, Reuters, The Economist, Fortune The News China said it will step in as a buyer for unsold homes in its…

Hong Kong opens e-CNY pilot programme to whole city, no mainland account needed

scmp.com The move aims to expand the scope and scale of a cross-boundary pilot of the Chinese central bank digital currency that the HKMA has been conducting, along with the People’s…

French Regulator Renews Warning Against Blacklisted Bybit

coinpedia.org The post French Regulator Renews Warning Against Blacklisted Bybit appeared first on Coinpedia Fintech News France’s securities regulator has issued a renewed warning…

Hong Kong Residents Can Use China CBDC Digital Yuan In Latest Pilot

coingape.com In a move that reverberates beyond its borders, Hong Kong has taken a monumental step by launching its Digital Yuan Payments Pilot, a pioneering initiative that signals a…

Hong Kong Crypto ETFs Fail to Match US Excitement

coinspeaker.com Coinspeaker Hong Kong Crypto ETFs Fail to Match US Excitement Hong Kong’s crypto ETF debut did not me­et hopes and competition for the­ digital asset hub as the initial…

Challenge to Crypto Hub Dream: Hong Kong’s Spot Crypto ETFs Experience Outflows

beincrypto.com After roughly two weeks of trading, Hong Kong’s debut of spot crypto exchange-traded funds (ETFs) has failed to excite as expected. Data shows a significant decrease in the…

French Regulator Warns Investors For Using ByBit Despite Ban

cryptonews.com The Autorité des Marchés Financiers (AMF), France’s local financial commission, has reminded investors in a warning note published Thursday, to refrain from trading crypto…

Asian Stocks Fall on Fresh Signs of China Weakness: Markets Wrap

finance.yahoo.com Stocks in Asia fell Friday after data from China showed fresh economic weakness and traders reassessed the path forward for US interest rates. • None Putin and Xi Vow to…

U.S. Spot Bitcoin ETFs Bought 5 Times the BTC Mined This Week

coingape.com The U.S. spot Bitcoin ETFs are once again in the limelight amid soaring trading volumes reported this week. On Thursday, May 16, the spot Bitcoin ETF registered $257 million…

Hong Kong must take a holistic approach to develop green hydrogen: think tank

scmp.com The report is the first of a five-part study funded by the government, and it comes ahead of the city’s announcement of a hydrogen development strategy by June 30. The…

Asian stocks dip as rate cut rally cools, China data underwhelms

investing.com Investing.com-- Most Asian stocks fell on Friday as warnings from a slew of Federal Reserve officials saw investors reassess expectations of interest rate cuts, while mixed…

Tony Leung Set as Tokyo Film Festival Jury President

variety.com Leading Hong Kong actor Tony Leung has been set as the president of the jury that will decide the main competition prizes at the Tokyo International Film Festival later this…

Dow slams milestone 40,000 after Walmart announced blockbuster profits

fortune.com The Dow Jones Industrial Average topped the 40,000 level for the first time Thursday, as U.S. stocks drifted around their records set a day before. The Dow was up 69 points,…

Dogecoin Creator Expresses Pessimistic Stance on Spot Ether ETF Approval

cryptonews.com The US Securities and Exchange Commission (SEC) has yet to decide on spot Ethereum exchange-traded funds (ETFs). On May 16, Billy Markus, co-founder of Dogecoin, voiced his…

French securities regulator, AMF, issues warning on Bybit

coinjournal.net The AMF has blacklisted Bybit since May 2022 due to regulatory infractions. French investors urged to prepare for potential service halt. Besides France, Bybit faces global…

Stock market today: Dow tops 40000 for the first time as Wall Street drifts higher

apnews.com The Dow Jones Industrial Average topped the 40,000 level for the first time Thursday, as U.S. stocks drifted higher to add to their records set a day before. The Dow was up…

French Securities Regulator Warns Investors Against Crypto Exchange Bybit

coindesk.com France's securities regulator has issued a renewed warning against crypto exchange Bybit, urging customers to “make arrangements for the eventuality that the platform [may]…

China has teased how it might fix its property crisis. Markets are loving it

aol.com Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world. Chinese stocks…

Shares of Chinese property developers rally on report of government plans to buy unsold homes

theglobeandmail.com Shares of Chinese property developers rallied on Thursday after a report that China was considering a plan for local governments across the country to buy millions of unsold…

Japan may have escaped deflation only to risk stagflation instead, as the country's economy slumps for 3 straight quarters

fortune.com At the beginning of the year, Japan looked like it might have moved past its decades-long slump. Booming stock markets, rising wages, and the first interest rate hike in 17…

Asian stocks up on CPI cheer; weak Japan GDP, China caution limit gains

investing.com Investing.com-- Most Asian stocks rose on Thursday tracking overnight record highs on Wall Street after some soft consumer inflation readings ramped up bets on interest rate…

Asian stocks up on CPI cheer; weak Japan GDP, China caution limt gains

investing.com Investing.com-- Most Asian stocks rose on Thursday tracking overnight record highs on Wall Street after some soft consumer inflation readings ramped up bets on interest rate…