Xalts, a Hong Kong-based digital-asset management firm, has raised US$6 million in a capital financing round co-led by Citi Ventures and a California-based venture-capital firm Accel. While this is t...
Tag: Hong
Hong Kong Soon To Launch Its CBDC
The global adoption of Central Bank Digital Currency (CBDC) is on the surge amid the increasing volatility in the crypto market. However, Hong Kong has decided to add to this list of nations utilizing...
Hong Kong Leader Unveils Battle Plan To Win Talent War, Prioritizes Security In Policy Address
Hong Kong Chief Executive John Lee delivers his policy address at the Legislative Council on October 19. Anthony Kwan/Getty Images Hong Kong Chief Executive John Lee unveiled a series of new measures ...
Hong Kong to Propose Statutory Licensing Regime for VASPs: CE John Lee
Chief Executive of HKSAR John Lee delivered his first policy address Wednesday, indicating that the administration has proposed a bill to establish a statutory licensing regime for virtual asset servi...
Healthcare Stocks Rise In Hong Kong And China; BYD Forecasts +300% Net Profit Increase
China Last Night KraneShares Key News Asian equity markets finished higher overnight as China closed mixed, which followed a strong rally in US stocks yesterday. President Xi’s Sunday speech emphasize...
With $900 Million In Funding, Hong Kong Fintech Unicorn WeLab Bets Big On Indonesia
As more startups explore Indonesia’s fintech potential, WeLab’s cofounder and CEO Simon Loong believes digital banking can be a win-win game. There are good “a-ha” moments and there are bad ones, acco...
National Security Law Is Curtailing The Right To A Fair Trial In Hong Kong
The National Security Law has been having a profound effect on the right to a fair trial and the rule of law in Hong Kong. According to reports, more than 160 people have been arrested under the Natio...
PayPal Ceased Hong Kong Account of Pro-Democracy Group: Report
A pro-democracy group in Hong Kong reported that PayPal HK stopped the payment process for the League of Social Democrats (LSD.) The group added that they were “stunned” to know this and now just have...
Paypal HK Halts Hong Kong Pro-Democracy Group’s Payments Over ‘Excessive Risks’ – Bitcoin News
According to a report from a pro-democracy group in Hong Kong, Paypal HK has reportedly stopped processing payments for the League of Social Democrats (LSD). The pro-democracy group said that they wer...
Hong Kong Hopes To Draw Back Fleeing Firms With Web3 Fintech Week
Hong Kong: Web3 and the metaverse will feature prominently in this year’s Fintech Week, according to event organizers trying to lure firms back to the country post-pandemic. The organizers, which incl...
How long can the Hong Kong dollar peg hold?
The USD/HKD price has been in a consolidation phase at the upper side of its peg in the past few months. It has remained at 7.85, which is about 1.30% above its pandemic low of 7.750. So, how long wil...
Mainland Investors Buy Hong Kong Stocks As Short Selling Continues
China Last Night KraneShares Key News Asian equities were down on light volumes in advance of today’s US CPI print, with Thailand on holiday. The Asia dollar currency index gained as the US dollar sli...
Hong Kong’s Ampd Energy Is On A Global Expansion Drive To Make Construction Sites Greener
Brandon Ng, head of Hong Kong-based battery energy storage system maker Ampd Energy, has powered up for growth despite global headwinds. Surging lithium prices and supply chain snarls aren’t keeping B...
Founder of Crypto Exchange Giant Huobi Sells His Shares to Hong Kong-Based Asset Manager
Huobi founder Leon Li is selling his shares in the crypto exchange to Hong Kong-based asset manager About Capital Management. Li was a controlling shareholder in the company and sold 100% of his holdi...
Onshore & Offshore Diverge As Hong Kong Short Interest Rises
China Last Night KraneShares Key News Asian equities were down overnight while the three markets that were closed Monday South Korea, Japan, Malaysia, and Taiwan played catch up to the downside as Chi...
Hong Kong Refuses U.S. Calls To Seize Sanctioned Billionaire’s Docked Superyacht
Topline Hong Kong will not seize a superyacht linked to Russian billionaire Alexey Mordashov docked in its harbor, chief executive John Lee said on Tuesday, dismissing Western warnings that the city’s...
Hong Kong-Based Asset Management Firm Acquires Controlling Stake in Asian Crypto Exchange Huobi – Bitcoin News
Li Lin’s controlling stake in Huobi, one of Asia’s largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi’s acquisition by the Hong Kong-base...
Huobi To Be Acquired by Hong Kong-Based VC Firm About Capital
Huobi Global announced on Friday that it has agreed to be bought by Hong Kong-based investment company About Capital Management’s M&A fund. Leon Li Lin, the Chinese founder of Seychelles-bas...
Huobi will be acquired by Hong Kong-based About Capital Management
Huobi will sell a majority stake to Hong Kong-based investment company About Capital Management, Huobi announced in a blog post. As the change in ownership occurs, there will be no impact on the excha...
Hong Kong Based Asset Management Firm Buys Out Majority Stake in Crypto Exchange Huobi Global
Terms of trade are yet to be disclosed. About Capital wants to expand Huobi’s global presence. Change in ownership; teams remain unchanged Chinese cryptocurrency exchange Huobi Global revealed in a bl...
Hong Kong-Based About Capital Acquires Huobi
Asian crypto exchange Huobi has announced that its controlling shareholder has completed the transaction, selling its entire stake to About Capital. Although financial terms around the deal have not ...
Elon Musk Backs China Special Zone For Taiwan That’d Be “More Lenient Than Hong Kong” — Report
Tesla CEO Elon Musk (L) shakes hands with Chinese Premier Li Keqiang as he arrives for a meeting at … [+] the Zhongnanhai leadership compound in Beijing on January 9, 2019. (Photo by Mark Schief...
MSCI Solicits China A Share Feedback, Hong Kong Shorts Press Again, Week In Review
China Last Night KraneShares Week in Review Hong Kong returned from its holiday in good spirits as the Hang Seng Index gained +5.9% on Wednesday on multiple catalysts, including Hong Kong reopening fo...
Quiet Night As Hong Kong Volumes Drop
China Last Night KraneShares Key News Asian equities were broadly higher on light volumes as South Korea’s growth stock exchange the KOSDAQ +3.02% though down -42% YTD. Hong Kong traders returned to t...
BitMEX Shift From Hong Kong Reflects the Toll of Stringent Covid Policies; Bitcoin Trades Sideways Amid Energy, Employment Concerns
Earlier in the day, ADP’s Employment report on job creation in the private sector arrived hotter than expected as businesses created 208,000 jobs in September, versus consensus estimates for 200,000, ...
Hong Kong Rallies As Shorts Press Their Bets
China Last Night KraneShares Key News Asian equities markets had a strong day following yesterday’s US move with Hong Kong outperforming while China is still on its Golden Week holiday and India misse...
Will it raise the question of CryptoCrypto after the Laundering of the $384 Million incident in Hong Kong
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55% of Family Offices Want More Crypto in Hong Kong and Singapore – Trustnodes
Wealthy families in Hong Kong and Singapore are looking to increase exposure to crypto according to Cerulli, a Boston based financial research company. As much as 55% of family offices in these two hu...