#HONGKONG News

China tea chain ChaPanda dips more than 30% after Hong Kong IPO

asia.nikkei.com HONG KONG -- Sichuan Baicha Baidao, a Chinese low-priced tea chain also known as ChaPanda, made a disappointing debut on the Hong Kong market on Tuesday, as its price…

Top Reasons Why Massive Bitcoin Supply Shock is On The Way

coinpedia.org The post Top Reasons Why Massive Bitcoin Supply Shock is On The Way appeared first on Coinpedia Fintech News As the Bitcoin network successfully passed its fourth halving on…

Hong Kong Officials Recommends Self-Regulatory Committee for Compliance Monitoring in Crypto Industry

cryptonews.com The Hong Kong Securities & Futures Professionals Association (HKSFPA) advocated establishing a self-regulatory committee within the city’s crypto firms to enhance compliance…

Asia markets extend gains ahead of business activity figures from around the region

cnbc.com Muslim devotees are breaking their fast and having their meals on the last Friday of the holy fasting month of Ramadan, also known as Jumat-ul-Vida, at the Jama Masjid in…

China tea chains race for Hong Kong IPOs in lethargic market

asia.nikkei.com HONG KONG -- Chinese tea chains are lining up to list on Hong Kong's stock market, with one making its splash on Tuesday, as they aim to raise funds and keep up in a highly…

Why Chinese Stocks Tencent, PDD Holdings, and JD.com Surged Today

finance.yahoo.com Shares of Chinese stocks, including Tencent (OTC: TCEHY), PDD Holdings (NASDAQ: PDD), and JD.com (NASDAQ: JD), rallied to start the week, up 5.4%, 9.5%, and 5.8%,…

Chinese market watchdog’s support to divert IPOs from mainland to Hong Kong

scmp.com A personalised news feed of stories that matter to you Get more with my NEWS Chinese market regulator CSRC’s support will divert scores of mainland firms’ IPOs to Hong Kong,…

HKMA launches one-stop platform to help SMEs affected by new travel trend

scmp.com “We hope that the platform can make it easier for SMEs to shop around so that they can compare and choose among loan products offered by different banks and increase their…

ETH could thrive with or without spot Ethereum ETFs

cryptobriefing.com The approval of US spot Ethereum exchange-traded funds (ETFs) could enhance Ethereum’s market valuation. However, even if these ETFs are rejected, it may merely be a bump in…

Apple CEO says company will 'look at' manufacturing in Indonesia

abcnews.go.com Apple CEO Tim Cook said the company is “looking at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday Apple CEO says company will 'look…

Hong Kong regulator to probe PwC over China Evergrande audits

asia.nikkei.com HONG KONG -- The financial watchdog in Hong Kong has decided to launch an investigation into PricewaterhouseCoopers' role in auditing the books of distressed property giant…

Chinese Capital Destined for Bitcoin? on Bankless

bankless.com China's investors are flocking to foreign assets; are they coming for your crypto? Property Panic! Chinese markets continue to underperform, prompting investors in the…

China's bubble tea explosion has minted half-a-dozen billionaires

aol.com None Bubble tea's explosion in popularity over the past few years has created immense wealth. • None There are at least six Chinese bubble tea business owners who saw their…

Hong Kong trade body advocates for crypto self-regulation amid global scrutiny

cryptoslate.com The Hong Kong Securities and Futures Professionals Association (HKSFPA) has called to establish independent self-regulatory organizations (SRO) dedicated to overseeing the…

Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation

coingape.com The Hong Kong Securities and Futures Professional Association (HKSFPA) has recommended the creation of an independent self-governing organization for crypto regulation among…

Empire Newsletter: Bitcoin wasn’t a hedge

blockworks.co Where to, digital gold? Halving week is off to a tumultuous start. Cryptocurrencies whipsawed over the weekend on growing geopolitical concerns after Iran’s Saturday drone…

Hong Kong officials recommend the city’s crypto industry self-regulates

cointelegraph.com Hong Kong regulators wrote, “Many economically developed regions in the world have established statutory semi-official industry self-regulatory institutions to focus on…

Nike CEO blames oddly specific problem for brand issues

thestreet.com Blink and you might miss an important trend when it comes to the fashion industry. Thanks to the rapid integration of social media by virtually all fashion brands – and the…

Beijing wants to make it easier for Chinese companies to list in Hong Kong as the city suffers through its slowest IPO market since 2009

aol.com Hong Kong’s struggling stock market will get support from mainland Chinese regulators, as the international financial hub tries to snap a four-year losing streak and…

Over $500M Ethereum (ETH) Left CEXs as Market Prepares for Impulsive Move: Data

cryptopotato.com Data from IntoTheBlock revealed that investors withdrew approximately half a billion ETH from centralized exchanges last week, the highest the asset has seen since February.…

Morning Bid: Big Tech swoons as Q1s lurk, Nvidia decimated

finance.yahoo.com A look at the day ahead in U.S. and global markets from Mike Dolan The so-called 'Magnificent 7' of U.S. megacap tech stocks has retreated sharply as first-quarter earnings…

People Moves Monday: Sarasin & Partners, RBC, SimCorp and more…

thetradenews.com Sarasin & Partners appointed Neil Palan, former Odey Asset Management trader, to join its ranks as a multi-asset dealer, The TRADE revealed last Monday. Neil Palan joins…

JPEX Crypto Exchange Assets Frozen by Hong Kong Police Over Alleged Fraud

coingape.com The JPEX case in Hong Kong has sprung back to life, sending shockwaves through the cryptocurrency community. After months of silence, authorities have frozen assets worth…

Bitcoin halving optimism builds as traders pile $540m into bullish bets

dlnews.com Options traders have bet about $540 million that Bitcoin will rally by June. The trades — tracker basedmoney compiled bullish and bearish bets via options that expire on…

Hong Kong has the expertise, liquidity needed for transition finance: Paul Chan

scmp.com “It is a catalyst for positive change. Hong Kong has the opportunity to lead in this area, and [to] position ourselves as the hub for sustainable investments.” “Transition…

Shares of China EV Firms Slump as Tesla Sparks Fresh Price War

asiafinancial.com Shares of Chinese electric vehicle (EV) makers slumped on Monday after US rival Tesla sparked off another price war in the world’s biggest car market. Tesla cut the starting…

Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited

aol.com None Saudi Arabia just took its Neom roadshow to China. • None Neom officials visited Beijing, Shanghai, and Hong Kong in an attempt to court Chinese investors. • None No…

Centre's Action After Indian Spice Brands Banned In Hong Kong, Singapore

ndtv.com The government has ordered food commissioners to collect samples of spices from all the manufacturing units in the country, sources said, after food regulators in Hong Kong…

Bitcoin Price Reclaims $66,000, Ethereum Sees Modest Gains After BTC Halving

decrypt.co Bitcoin and Ethereum, which experienced a spate of last-minute volatility ahead of the BTC halving on Friday, have since recovered from their roller coaster ride. At the…

More pain for retailers as shoppers spend in Shenzhen, slowing Hong Kong recovery

scmp.com “The value of retail sales in Hong Kong has rebounded and the retail industry in the four core areas has continued to recover,” the commercial property agency said in the…

Beijing wants to make it easier for Chinese companies to list in Hong Kong

fortune.com Hong Kong’s struggling stock market will get support from mainland Chinese regulators, as the international financial hub tries to snap a four-year losing streak and…

Highlights From the 2024 Blockchain Life in Dubai: Key Insights From Industry Leaders

beincrypto.com Blockchain Life 2024 Dubai, the 12th International Forum on Web3, cryptocurrencies, and mining, held its 10th annual awards from 15th to 17th April. The forum interviewed…

A ban on single-use plastics takes effect in Hong Kong in a bid to reduce pollution

seattletimes.com Hong Kong has passed a legislation to stop the sale and distribution of Styrofoam products and single-use plastic cutlery as a way to reduce the amount of plastic waste in…

Rising Ethereum Prices Signal Imminent Altcoin Season, Analysts Predict

coinpedia.org Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several…

Hong Kong police freeze assets linked to crypto exchange JPEX amid $403m fraud wave

dlnews.com After months of hibernation, the JPEX case in Hong Kong has come back to life. On April 18, Hong Kong police officials said they froze assets worth more than US$29 million…

Bitcoin Price Rallies Above $66K Following BTC Halving 2024

coinspeaker.com Coinspeaker Bitcoin Price Rallies Above $66K Following BTC Halving 2024 Following Saturday’s fourth Bitcoin (BTC) halving, daily emissions have dropped to 450 coins, worth…

Hang Seng, Nikkei Rebound as Middle East Conflict Fears Fade

asiafinancial.com Asian stocks bounced back on Monday as worries over the Middle East situation subsided and investors returned to riskier assets. Gold and the safe-haven US dollar eased back…

Why higher-for-longer interest rates may not be bad news for Asian property

scmp.com However, on April 16, Fed chair Jerome Powell belatedly admitted the battle against inflation was taking “ longer than expected ”, suggesting the US central bank will…

How Hang Seng Bank helps Hong Kong’s crucial SMEs evolve post-Covid-19

scmp.com Government figures show Hong Kong is now home to about 362,000 SMEs, which comprise more than 98.5 per cent of its total number of business units and account for about 44.4…

Analysis-Souring China dreams force Western financial firms to cut costs

aol.com Just a few years ago, lucrative business prospects in China on the back of a booming economy led to a scramble among Western financial firms, from investment banking to…

Hong Kong's bankers can earn 70% more than their peers in Singapore

fortune.com Hong Kong investment bankers could face more job cuts as the slowdown in China deals persists and employers look to trim highly compensated staff, according to Bloomberg…

Analyst Explains Why Bitcoin’s Fall To $50,000 Is On The Cards

coinpedia.org Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on…

China’s EV price war flares up again after Tesla drops the cost of some models to the lowest point in 5 years

fortune.com Tesla Inc.’s weekend move to slash prices across its range in China risks triggering a new round in the nation’s bruising price war, with Li Auto Inc. immediately responding…

Tencent Shares Climb Most in Months as Blockbuster Debuts Early

finance.yahoo.com Tencent Holdings Ltd. shares staged their biggest rally since February after China’s biggest internet firm nailed down an earlier-than-anticipated debut of one of the year’s…

VinFast share plunge hits China's VW-backed battery partner Gotion

asia.nikkei.com HONG KONG -- Gotion High-tech, a major Chinese electric vehicle battery supplier, is taking a beating from the falling share price of Nasdaq-listed Vietnamese EV maker…

Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged

finance.yahoo.com Markets in Asia apart from Shanghai's were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID…

Chinese tycoon Chen Hongtian faces demands on more than US$200 million of overdue property-related loans

scmp.com Chinese tycoon Chen Hongtian faces demands on more than US$200 million of overdue property-related loans A Chinese tycoon who had snapped up in Hong Kong and London faces…

Asia stocks edge up, oil and gold retreat on tempered Mideast fears

investing.com Asian stocks recovered some losses on Monday and bond yields rose as fears of a wider Middle East conflict ebbed, with investors gravitating back towards riskier assets.…

HashKey to Suspend Deposits and Withdrawals from Binance Wallets in May

coinspeaker.com Coinspeaker HashKey to Suspend Deposits and Withdrawals from Binance Wallets in May On Friday, April 19, crypto exchange HashKey said it would stop allowing deposits and…

Hong Kong’s Bitcoin and Ether ETF Approval to Challenge China’s Crypto Restrictions

coinspeaker.com Coinspeaker Hong Kong’s Bitcoin and Ether ETF Approval to Challenge China’s Crypto Restrictions The recent approvals of spot Bitcoin (BTC) and Ethereum (ETH) ETFs in Hong…

BNP Paribas hires 30 to build up new China securities unit

scmp.com The French bank will initially focus on building out its brokerage, research and asset management units after receiving regulatory approval last week. The firm has opted not…

Shock Leak from China Set to Propel XRP Price: Forbes

thecryptobasic.com Forbes Senior Contributor Billy Bambrough suggests that a sudden revelation from the Chinese market could be on the verge of propelling the price of XRP. Bambrough expressed…