Luxury brands face gloom as China’s economic woes deepen
Once the glittering beacon of luxury consumption, China now casts a growing shadow over high-end brands like LVMH and Chow Tai Fook. As the world’s [more…]
Category: Hong Kong
Hong Kong launches inverse Bitcoin ETF to profit from crypto decline
In a surprising turn of events, Hong Kong is set to debut Asia’s first inverse bitcoin exchange-traded fund (ETF) this Tuesday, allowing investors to profit [more…]
Mt. Gox’s $9 billion bitcoin payout, a boon for investors, a jolt for the market
In a dramatic turn of events, the long-defunct Tokyo-based bitcoin exchange Mt. Gox is set to return nearly $9 billion worth of tokens to its [more…]
Crypto market shakes as Bitcoin dips below $61K
Bitcoin, the reigning monarch of the cryptocurrency world, continued its rollercoaster journey, plunging to $60,000 on Monday. The digital asset was last seen down over [more…]
China’s food delivery giant, Meituan, overcomes economic challenges with record-breaking Q1 growth
Amid a volatile economic landscape, Meituan has emerged as a beacon of resilience and growth. The on-demand services titan reported a stunning 25% year-on-year surge [more…]
Hong Kong’s SFC grants temporary approval to 11 crypto exchanges
Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has thrown a lifeline to 11 cryptocurrency exchanges, giving them the green light to keep [more…]
Hong Kong market falters as investor confidence wavers
In a turbulent session on Thursday, Hong Kong stocks couldn’t escape the regional equities sell-off, echoing the woes from rising US Treasury yields and persistent [more…]
Hong Kong breaks ground with cryptocurrency ETF approval, Asian investors eyeing market entry
Hong Kong is stepping into the spotlight with its upcoming exchange-traded funds (ETFs) that will invest directly in cryptocurrencies like bitcoin and ether. While industry [more…]
HKVAEX crypto exchange shuts down in Hong Kong after license bid withdrawal
In a surprising turn of events, HKVAEX, the cryptocurrency exchange affiliated with Binance, has announced its closure in Hong Kong, just three months after initiating [more…]
Hong Kong explores future of money with central bank digital currency
In a bid to revolutionize the way people use money, the Hong Kong Monetary Authority (HKMA) has launched the second phase of a pilot programme [more…]