The United Kingdom’s Financial Conduct Authority (FCA) has announced Ashley Alder as its new Chair, with the scheduled projection for his term to commence in January 2023. Alder will take over from in...
Tag: Hong
Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law – Regulation Bitcoin News
New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML)...
Hong Kong’s SFC CEO Resigns To Join UK’s FCA in January 2023
11 hours ago | 2 mins read Bitcoin News Alder becomes the longest-serving CEO of the commission. Alder’s 11-year term accounts for a third of the commission’s 33-year existence. Hong Kong’s Securities...
CEO of Hong Kong securities regulator appointed as new FCA chair
The UK Financial Conduct Authority is tapping into Hong Kong’s securities market regulator for a new chair. Ashley Alder, the CEO of the Securities and Futures Commission of Hong Kong, is set to becom...
Hong Kong securities regulator CEO to lead UK financial watchdog
Ashley Alder, the CEO of Hong Kong’s Securities and Futures Commission, will become the next chair of the United Kingdom’s Financial Conduct Authority. In a Friday announcement, the U.K. Treasury said...
EVs Help China’s Geely Auto Rebound In June; Stock Gains 6.7% In Hong Kong
Li Shufu, chairman of Zhejiang Geely Holding Group Co., in 2018. Photographer: Qilai Shen/Bloomberg © 2018 Bloomberg Finance LP Geely Automobile Holdings, a China automaker controlled by billionaire L...
Soho China CFO Probed For Insider Trading; Shares Fall 2.8% In Hong Kong
Soho China CEO Zhang Xin, second from right, chats with guests at her newly opened Galaxy Soho … [+] building in Beijing in 2012. Galaxy Soho, a new office, retail and entertainment building, wa...
Hong Kong’s OSL and US-Based Abra Become the Latest Crypto Firms to Announce Layoffs
Abra, a California-based crypto trading and lending platform, and OSL, a licensed crypto exchange based in Hong Kong, are the latest in a string of crypto start-ups that have announced layoffs followi...
Chinese President Xi Jinping Praises ‘One Country, Two Systems Success As He Swears In New Hong Kong Leader
China’s President Xi Jinping waves following his speech after a ceremony to inaugurate the city’s new leader and government in Hong Kong on July 1, 2022, on the 25th anniversary of the cit...
Hong Kong’s OSL becomes the latest crypto exchange to cut jobs
OSL, a licensed crypto exchange based in Hong Kong, has become the latest crypto exchange to cut jobs — joining rivals including Coinbase, Gemini and BitMEX. The company has trimmed between 40 and 60 ...
Hong Kong Stock Exchange Closed On July 1
The Hong Kong Stock Exchange is one of the world’s largest. Photographer: Roy Liu/Bloomberg © 2020 Bloomberg Finance LP The Hong Kong Stock Exchange is closed today, July 1, to mark the former B...
Hong Kong Digital Asset Exchange Limited(HKD.com) announces M+A with Technicorum Holdings, creating USD100million valuation company in Singapore
SINGAPORE & HONG KONG – JUNE 28 , 2022 Hong Kong Digital Asset Exchange Limited (HKD.com), a leading digital asset exchange in Hong Kong, today announces that the company has entered a joi...
HONG KONG DIGITAL ASSET EXCHANGE LIMITED(HKD.com) ANNOUNCES M+A WITH TECHNICORUM HOLDINGS, CREATING USD 100 MILLION VALUATION COMPANY IN SINGAPORE
SINGAPORE & HONG KONG – JUNE 28 , 2022 Hong Kong Digital Asset Exchange Limited (HKD.com), a leading digital asset exchange in Hong Kong, today announces that the company has entered a joi...
China’s Xi arrives in Hong Kong in first trip off mainland since pandemic
Chinese President Xi Jinping is pictured here speaking during the unveiling of the Communist Party’s new Politburo Standing Committee on October 25, 2017 in Beijing, China. Lintao Zhang | Getty ...
Hong Kong SaaS Startup Raises $15 Million Series B For Global Expansion
FreeD Group cofounders (from left) Kenneth Lee and Abel Zhao. Courtesy of FreeD Group Hong Kong-based SaaS startup FreeD Group has raised $15 million in Series B funding led by Daiwa ACA APAC Growth, ...
Hong Kong SaaS Startup Raises $8 Million In Funding Led By Tiger Global
SleekFlow team COURTESY OF SleekFlow Hong Kong-based SaaS startup SleekFlow has raised $8 million in Series A funding led by U.S. billionaire Chase Coleman’s investment firm Tiger Global, one of...
Dutch Treat For JD, Hong Kong Internet Gains
China Last Night KraneShares Key News Asian investors did not forget about Fed Chair Powell’s less aggressive comments on interest rate hikes on Friday as equities had a strong start to the week, exce...
Hong Kong Hang Seng Rises More Than 2% Amid General Asia-Pacific Upswing
The Hang Seng index in Hong Kong advanced on the back of Chinese tech stock increases. There were also rallies in the US and the APAC region. Asia-Pacific shares traded higher to begin the week, with ...
NIO’s Hong Kong, Singapore shares hit new highs as outlook brightens
NIO Inc.’s shares in Hong Kong and Singapore have climbed to fresh record highs as the global outlook for electric-vehicle demand brightens. The electric-car manufacturer’s Singapore-listed shares NIO...
Alibaba Leads Hong Kong Internet Charge, Week In Review
China Last Night KraneShares Week in Review Asian equities were mixed this week as South Korea faltered and China markets gained, especially the internet sector, which saw a major improvement in senti...
GogoX, Hong Kong’s First Tech Unicorn Startup, Slumps In Trading Debut
Cofounders Reeve Kwan, Nick Tang and Steven Lam of GoGoVan pose in Kwun Tong. PAUL YEUNG/South China Morning Post via Getty Images Six months after Hong Kong saw its first tech unicorn IPO, another te...
Hong Kong’s OSL Sees Strong Institutional Interest in Crypto, Despite Luna-Induced Volatility; Bitcoin and Ether Surge
Bitcoin was recently trading at about $21,100, a more than 5% increase over the past 24 hours that helped the largest cryptocurrency regain much of the ground lost the previous day. Ether, the second ...
Hong Kong Outperforms As Growth Leads, Biden Mulls Tariff Action
Key News Asian equities were mixed but mostly higher overnight as Hong Kong outperformed, driven by growth and internet stocks as optimism gathers over the end to lockdowns in China and an improving m...
Israel and Hong Kong Collaborates To Trial New Digital Currency Including Against Cyber Risk
The Bank of Israel in a recent announcement declared that it has collaborated on a trial with the Hong Kong authority. It will assess the latest digital currency against cyber security risks among oth...
Giant Floating Hong Kong Restaurant Tips Over In South China Sea
Topline Hong Kong’s Jumbo Floating Restaurant—a popular tourist attraction that welcomed celebrities and politicians including Tom Cruise and Queen Elizabeth II—capsized in the South China Sea on Sund...
Hong Kong-based crypto platform Hoo.com suspends withdrawals
Hong Kong based crypto platform Hoo.com has suspended withdrawals, days after the collapse of crypto hedge fund Three Arrows Capital, and other cryptocurrency platforms in Hong Kong have suspended wit...
Israel working with Hong Kong to test digital currency risk, Bloomberg says
The Bank of Israel is working with the Hong Kong Monetary Authority on testing a new digital currency against cyber security risks, the Bank of Israel told Bloomberg in a statement. The joint project...
private pension scheme entices Fidelity, Manulife, Invesco, Hong Kong asset managers
David Li, a mid-level executive at a wealth-management firm in Guangdong, knows he cannot rely on his basic government pension, or even on his extra personal investment in retirement insurance, to mai...
What’s the goal of joint efforts made by the Bank of Israel, International Settlements and Hong Kong for CBDC Cybersecurity?
Authorities want to make sure of this completely that a digital currency would have no threats over the economy anyhow. Hong Kong Monetary Authority, the Bank of Israel and the Bank for In...
Hong Kong-Based Crypto Firm Suspends Withdrawals Less Than a Month After Closing $80,000,000 Funding Round
A Hong Kong-based crypto financial service provider is freezing withdrawals within weeks of closing a multi-million-dollar funding round. Babel Finance, which primarily works with institutional invest...