Hong Kong ► - Page 3

Hong Kong's HKMA proposes crypto reserve requirements in line with Basel standards. (Photo: Token Insights)

3 min read

Hong Kong’s monetary authority moves to align banking institutions with Basel crypto standards

Post Date 02/08/2024

Hong Kong is gearing up to become a hub for virtual assets, as the city’s de facto central bank, the Hong Kong Monetary Authority (HKMA), [more…]

Hong Kong and mainland China stocks surge on market intervention by sovereign wealth fund. (Photo: Louise Delmotte | AP)

2 min read

Stocks rally in Hong Kong and mainland China amid market intervention and regulatory measures

Post Date 02/06/2024

Stocks in Hong Kong and mainland China soared on Tuesday, with Hong Kong’s Hang Seng Index recording its biggest gain in six months and mainland [more…]

Hong Kong banks maintain prime rates as Monetary Authority stays steady. (Photo: HKMA)

4 min read

Hong Kong Investing & Markets

Hong Kong banks keep prime rates steady with HKMA decision

Post Date 02/01/2024

In a move aimed at providing stability amidst economic challenges, major banks in Hong Kong have announced that they will keep their prime lending rates [more…]

Chinese stock market starts 2024 on a subdued note, shedding $6.3 trillion since previous peak. (Photo: Shanghai Stock Exchange | LinkedIn)

2 min read

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Chinese stock market struggles amid global shifts

Post Date 01/22/2024

The Chinese stock market has had a challenging start to 2024, marked by a significant loss of $6.3 trillion since its peak three years ago. [more…]

Hong Kong's unemployment rate held steady at 2.9% from September to November, with the city's labour chief anticipating a tight labour market despite challenging external conditions. (Photo: HRD)

2 min read

Hong Kong Investing & Markets

Hong Kong’s unemployment rate holds steady at 2.9%

Post Date 12/20/2023

Hong Kong’s unemployment rate has maintained its position at 2.9%, signaling a stable yet tight labour market in the city. This news comes from the [more…]

HighTide Therapeutics, a Chinese biotech company, significantly reduces its Hong Kong IPO size by 80% to $35.6 million from the initially targeted $200 million announced in May. (Photo: HighTide | X)

3 min read

China Hong Kong Investing & Markets

HighTide Therapeutics sets sights on HK$278 million in Hong Kong IPO

Post Date 12/14/2023

Chinese biopharmaceutical manufacturer HighTide Therapeutics is gearing up for an initial public offering (IPO) in Hong Kong, with ambitions to raise HK$278 million (US$35.6 million), [more…]

Nov. 16, 2023 - Hong Kong stocks spearheaded a downturn in the Asia-Pacific region, with Xpeng taking the helm in driving electric vehicle stocks lower. (Photo: HKSE)

2 min read

Hong Kong Investing & Markets

Hong Kong stocks tumble as Xpeng drives electric vehicle sector down

Post Date 11/16/2023

In a rollercoaster ride for investors, Hong Kong stocks took a nosedive on Thursday, with the Hang Seng index plummeting by 1.46%. The sudden downturn [more…]

October 3, 2023 - Leading Asia markets sell-off, Chinese stocks slump in Hong Kong trading. (Lam Yik | Reuters)

3 min read

Hong Kong Investing & Markets

Hong Kong’s stock market experiences a decline amid concerns over a potential US interest rate increase

Post Date 10/03/2023

Hong Kong stocks experienced a significant decline upon traders’ return from an extended weekend due to rising US Treasury yields, which negatively impacted market sentiment. [more…]

4Paradigm, a startup focused on artificial intelligence, intends to generate as much as $144 million by offering 18.4 million shares. (Photo: 4Paradigm)

1 min read

Hong Kong Investing & Markets

4Paradigm, a Chinese artificial intelligence startup, spearheads a surge in Hong Kong’s IPO market

Post Date 09/17/2023

Three Chinese companies, led by the AI software firm Beijing Fourth Paradigm, have initiated Hong Kong’s initial public offerings (IPOs) on Monday, with the objective [more…]