Hong Kong

In a move that has drawn international attention, Hong Kong has enacted a new security law that gives more control to China, raising concerns about the city’s autonomy and its future as a global business hub. What Happened: Hong Kong has swiftly enacted a new domestic security law, raising...

The top US diplomat in Hong Kong, Gregory May, has expressed concerns over the growing internet censorship in the city. This move is feared to be influenced by China’s restrictive policies, potentially undermining Hong Kong’s global financial status. What Happened: In an interview with...

Key Takeaways: Chabaidao’s revenue grew 34.8% to 5.7 billion yuan in 2023, as the company has been consistently profitable over the last three years The premium tea chain operator plans to keep growing through greater penetration in lower-tier cities, expanding overseas and by diversifying...

In a bid to reinvigorate its economy, Hong Kong has decided to eliminate all property tightening measures. This move is expected to stimulate the real estate market, which has been struggling due to a variety of economic and political challenges. What Happened: The financial hub of Hong Kong has...

Shein, the Chinese fast-fashion giant, is reportedly contemplating a shift of its initial public offering (IPO) from the U.S. to London due to regulatory obstacles. The company is also considering other potential venues, including Hong Kong and Singapore. What Happened: Shein, which was initially...

Amid efforts to expand the Hang Seng Index, Hong Kong’s stock benchmark, Prada (OTC:PRDSY), XPeng (NYSE:XPEV), and BeiGene (NASDAQ:BGNE) are anticipated to be included. The potential addition of foreign companies may signal a significant shift in the global market and boost the city’s...

On Wednesday, most Asia-Pacific markets experienced a downturn influenced by the U.S. inflation data. The Nikkei 225, Kospi, and S&P/ASX 200 all saw losses, while the Hang Seng index in Hong Kong buckled the trend. What Happened: The U.S. Consumer Price Index (CPI) rose 3.1% on a 12-month basis...

Worldcoin (CRYPTO: WLD) dropped 9% on Wednesday amid data privacy concerns on its Orbs, leading to an investigation by Hong Kong authorities. What Happened: Worldcoin’s six premises have come under the scrutiny of Hong Kong’s privacy watchdog, over suspicions of allegedly...

By Lucía Tedesco via El Planteo In an unusual twist of drug trafficking, two men from Hong Kong have been apprehended. A shipment from Brazil, containing 706 bottles of red and white wine, as well as juice, was taken for inspection. It was then that customs officials made a startling...

In a significant development for the cryptocurrency market in Hong Kong, Harvest Fund has officially applied to the first-ever Bitcoin (CRYPTO: BTC) spot Exchange Traded Fund (ETF) with the Hong Kong Securities and Futures Commission (SFC). Why It Matters: The submission of this application by...

Amidst a significant downturn in China’s stock market, the country is reportedly contemplating a multi-billion dollar rescue package to stabilize the situation. What Happened: The Chinese government is considering a series of measures to address the plummeting stock market. These measures...

As U.S.-based crypto market participants eagerly await the decision by the U.S. Securities and Exchange Commission (SEC) for the approval of 13 Bitcoin spot exchange-traded Funds (ETFs), approximately 10 fund companies in Hong Kong are preparing virtual asset spot ETFs....

Hong Kong Stock Market The Hong Kong stock market had been fluctuating and falling repeatedly last week. Although it had not formed a pattern of breaking through and falling, the trend had shifted from the previous upward pattern of volatility to a pressure-bearing trend. In terms of US stocks,...

Hong Kong-based stablecoin issuers should obtain a license in order to operate in the city and cater to retail investors. That's according to a consultation paper from the Hong Kong Monetary Authority (HKMA), the city’s central bank, and the Financial Services and the Treasury Bureau (...

Hong Kong’s financial regulator has issued a circular to indicate that it is ready to accept spot crypto exchange-traded fund (ETF) applications. What Happened: The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) announced that they have received a rising...