Hong Kong

A recent rally in the shares of Hong Kong-listed Lenovo Group Ltd. (OTC:LNVGY) is expected to continue, largely driven by the global recovery of personal computer demand and excitement over the company’s AI-related products. What Happened: The Chinese tech giant’s stock in Hong...

Hong Kong-based gaming company Animoca Brands on Monday disclosed substantial financial holdings and a wide array of investments, in an apparent bid to highlight its strong position in the burgeoning Web3 and blockchain industry. According to the report, as of Nov. 30, 2023, Animoca...

The Hong Kong stock market experienced a downturn driven by worries about the Chinese economic recovery. Electric vehicle (EV) maker Xpeng Inc. (NYSE:XPEV) bore the brunt of the losses following the Alibaba Group (NYSE:BABA) announcement to sell off a substantial portion of its shares in the...

Amid escalating geopolitical tensions and ongoing restrictions, major U.S. institutional investors are persisting with their funding of investments in China and Hong Kong. What Happened: CNBC reported on Dec. 12, 2023, that a study conducted by the non-partisan trade organization, Future Union, has...

Over 130 Hong Kong citizens have fallen prey to a sophisticated cryptocurrency fraud, losing a staggering HK$120 million (US$15.4 million). The victims expressed frustration, stating that the Securities and Futures Commission's (SFC) identification of the involved platform, Hounax, as...

Hong Kong Stock Market The Hong Kong stock market experienced another week of volatility, with the index failing to break through the resistance at 18,000 points and returning to the intersection of the 17,500-point moving average, forming a pattern of repeated tug-of-war. The US stock market...

Crypto exchange OKX has applied for a virtual asset trading platform (VATP) license in Hong Kong, positioning its Hong Kong branch, OKX Hong Kong FinTech, at the forefront of the city's efforts to become a key cryptocurrency hub in the region. The application, submitted on Nov. 16, is...

Ashok Venkateswaran, Mastercard Inc.'s (NYSE: MA) lead for blockchain and digital assets in Asia-Pacific, on Friday asserted the current landscape doesn't provide sufficient grounds for the widespread adoption of central bank digital currencies (CBDCs), making broad...

Hong Kong's leaders are currently evaluating the potential to open up the market to exchange-traded funds (ETFs) that would invest directly in cryptocurrencies. This move is part of a broader initiative to establish Hong Kong as a central hub for digital assets in the Asia-Pacific region,...

UBS (NYSE: UBS) announced an update for its wealthy clients. What Happened: The bank's clients in Hong Kong — those with more than $2 million in investable assets — will be able to invest in cryptocurrency ETFs, Yahoo Finance reports. The move is in alignment with China's steps...

SEBA on Wednesday announced it has extended its regulatory reach to Asia. What Happened: The crypto bank has a new license from the Securities and Futures Commission (SFC) in Hong Kong. Through its subsidiary, SEBA Hong Kong, the firm is now authorized to offer a wide array of regulated...

HashKey, a Hong Kong-based exchange, has advanced its offerings by approving Chainlink's token for trading by professional investors, following the integration of Uniswap into its trading platform and the launch of its inaugural licensed mobile trading application. What Happened: HashKey...

As part of its push to establish an Asia-Pacific digital asset hub, Hong Kong is contemplating the approval of exchange-traded funds (ETFs) that directly invest in cryptocurrencies. This move comes amid the ongoing investigation into the JPEX scandal. The city is considering granting retail...

Zodia Custody, a cryptocurrency security subsidiary of the British bank Standard Chartered Bank PLC (OTC: SCBFF), announced its expansion into Hong Kong. This move signifies the company's continued efforts to establish a foothold in the Asia-Pacific market. The forthcoming Benzinga's...

In a riveting courtroom session, FTX co-founder Sam Bankman-Fried testified on various aspects of his professional journey, revealing a more personal side. While discussing his wardrobe choices and long hair, he candidly admitted, "I found [shorts and T-shirts] comfortable," and...