An employee wearing HTC Corp. Vive virtual reality headsets at the T.UM showroom in the SK Telecom … [+] Co. headquarters in Seoul, South Korea, on June 11, 2021. SeongJoon Cho/Bloomberg When Ev...
Tag: Kong
J&T Express Raises $2 Billion In Latest Funding From Temasek, Other Investors Ahead of Hong Kong IPO
The reception area for Temasek Holdings. ROSLAN RAHMAN/AFP via Getty Images Delivery company J&T Express raised $2 billion in a funding round late last year from Temasek Holdings, Hillhouse Capita...
Hong Kong expert on healthcare system amid surging Covid cases
Patients lie in hospital beds waiting for medical treatment at a temporary shelter outside the Caritas Medical Center in Hong Kong, China, on February 16, 2022. Leung Man Hei | NurPhoto | Getty Images...
Alibaba stock rising on gains on China & Hong Kong policy easing: here is where to buy
Alibaba stock has been slowly regaining ground after declining since mid-October 2020. The stock has been affected by a myriad of events including pressure by the US governments on Chinese companies o...
Hong Kong Web3 Software Firm Animoca Brands Invests $1M In Taiwanese VC Fund
Animoca Brands cofounder and chairman, Yat Siu, speaks at a forum in Hong Kong. K. Y. Cheng/South China Morning Post via Getty Images Hong Kong-based Animoca Brands has invested $1 million in a Taiwan...
Hong Kong Begins Tightening Screws on Exchanges
Crypto exchanges in Hong Kong may be in for a rough ride, as strict new licensing regulations severely limit the clientele exchanges may have. The writing is on the wall for crypto exchanges in Hong K...
Covid Hurts Business At Yum China; Shares Plunge 4.3% In Hong Kong
A customer collects a take-out order in a KFC restaurant in Shanghai last September. Photographer: … [+] Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP Multiple waves of Delta variant outbreak...
Hong Kong prohibits crypto ETFs to professional investors
Crypto assets should now have garnered mainstream adoption. As the ecosystem went mainstream, regulators began to eye the network. Simultaneously, Hong Kong Monetary Authority argued cryptocurrency sp...
Hong Kong Regulators Impose Limits on Investing in Spot Crypto ETFs
Hong Kong financial regulations have published new guidance New rules single out products like spot ETFs The new guidelines were published on Friday Hong Kong monetary controllers have distributed n...
Draft rules on overseas IPOs will apply to Hong Kong
People wear protective masks as they stand outside of the China Securities Regulatory Commission (CSRC) in the Financial Street on April 17, 2020 in Beijing, Emmanuel Wong | Getty Images News | Getty ...
Hong Kong SFC Fines Citigroup’s Asia Subsidiary $44.68 Million
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded Citigroup Global Markets Asia Limited and also slapped a fine of HK$348.25 million (around $44.68 million) for some serious regulato...
Hong Kong Virtual Lender ZA Bank Gains Securities License
Hong Kong-based ZA Bank has obtained a license from the Securities and Futures Commission (SFC) for Type 1 regulated activity, the digital bank announced. The new license will allow the digital bank t...
Hong Kong Billionaire Loses Half Her Fortune on China Probe
(Bloomberg) — A record stock plunge for a flavoring and fragrances company has erased half of its chairwoman’s wealth, in the latest example of fortunes getting lost and a reminder for investors...
Hong Kong Stocks Become An Oasis Of Green In A Sea Of Red, Week In Review
China Last Night KraneShares Week In Review China reported Monday that the country’s GDP grew at a better than expected +8% in 2021, though Q4 GDP disappointed at only +4%. Monetary policy easing was ...
PBOC Cuts Loan Prime Rate, Hong Kong Outperforms
China Last Night KraneShares Key News Asian equities had a mixed day as Hong Kong and Japan outperformed and India underperformed. Remember Hong Kong internet outperforming and India underperforming i...
Monetary Easing Gains Momentum, Hong Kong Internet Holds Up
China Last Night KraneShares Key News Asian equities were a sea of red, except for the small gains by Hong Kong and Singapore. Japan was off -2% as Sony was smoked -12.79% post-Microsoft/Activision an...
Genting Hong Kong files for liquidation amid German lawsuit
The Hong Kong skyline from on board the Genting Cruise Lines Genting Dream while berthed in Hong Kong on Wednesday, July 28, 2021. Lam Yik | Bloomberg | Getty Images Cruise operator Genting Hong Kong ...
Hong Kong Billionaire Michael Kadoorie To Increase Family Stake In Peninsula Hotel Operator For $337 Million
Billionaire Michael Kadoorie, chairman of Hongkong and Shanghai Hotels. Justin Chin/Bloomberg Hong Kong billionaire Michael Kadoorie is increasing his family’s stake in Hongkong and Shanghai Hotels, w...
Hong Kong initiates discussions to introduce stablecoin regulatory framework
The HKMA has listed 8 policy-related questions seeking recommendations They have cited 5 possible regulatory outcomes too HKMA aims to establish the framework by 2023-24 Hong Kong’s focal financial e...
Hong Kong begins discussions to introduce stablecoin regulatory framework
Hong Kong’s central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public opinion on regulations for crypto-assets and stablecoins. The state-bac...
Hong Kong to Set a Plan for Cryptocurrency Regulations by July 2022: Report
The Hong Kong Monetary Authority (the central banking institution of the city-state) reportedly intends to establish a new regulatory regime for digital assets by July this year. The special administr...
Crypto Regulation Coming – Hong Kong Fears Crypto May Endanger Financial System If Not Monitored
Yuri Molchan Hong Kong plans to create a crypto regulation plan by mid-summer and implement it within next few years Contents Hong Kong prepares crypto regulation plan Pantera Capital-backed HK exchan...
Hong Kong Billboards Plugging NFTs Have Taken Over the Metro Area
Hong Kong billboards, blaring out NFT collections, are flooding Asia’s financial hub. Billboards pushing Non-Fungible Tokens (NFTs) are flooding downtown Hong Kong, reports The South China Morning Pos...
Growth Outperforms In Hong Kong While Value Outperforms In China
China Last Night KraneShares Key News Asian equity markets were off overnight despite the Nasdaq’s impressive intraday reversal as Japan came back from holiday with a thud while India, Malaysia, and T...
Hong Kong Internet Stocks Post Another Strong Day
China Last Night KraneShares Key News Asian equities had a decent start to the week led by the Philippines’ strong day. South Korea was off on tech/growth weakness, and Japan was on holiday. The Hang ...
Hong Kong Cryptocurrency Exchange Freezes Its Customers’ Funds (Report)
Dozens of clients of the Hong Kong-based cryptocurrency exchange Coinsuper reportedly complained they can not retrieve funds from the platform. At least seven of them have contacted the police regardi...
Hong Kong crypto exchange Coinsuper hit by police reports
Bloomberg has reported that a number of individuals filed police reports after withdrawals were seemingly frozen, and they were unable to access a total of $55,000 of tokens and cash from their Coinsu...
Hong Kong Monetary Authority Calls for Comments on its Crypto Regulation Paper
Hong Kong is looking to expand its crypto regulation to cover trading platforms and stablecoins and non-asset-backed cryptocurrencies. Hong Kong’s central bank is looking for comments on cryptocurrenc...