Hong Kong Tag

16 Apr Hong Kong’s bitcoin, ether ETFs seen as attractive to Asian buyers, but ‘child’s play’ compared with scale of US market

Posted at 10:30h in Asia

“We can expect a healthy level of interest, especially with other Asian jurisdictions staying away from domestic spot bitcoin ETF issuance for now,” said Angela Ang, senior policy adviser at blockchain analytics firm TRM Labs.Spot bitcoin ETFs in the US, which were approved in January,...

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16 Apr China Evergrande: PwC refutes letter claiming fraud tied to indebted developer, vows to investigate ‘fabricated’ claims

Posted at 07:34h in Asia

PricewaterhouseCoopers (PwC) has refuted a letter alleging that its partners were involved in auditing fraud tied to bankrupt Chinese developer China Evergrande Group and said it has taken measures to investigate the origins of the “false information”.The anonymous letter, titled “Who dragged PwC into the...

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16 Apr Hong Kong stocks at 3- week lows as China data points to patchy economic recovery

Posted at 02:35h in Asia

Hong Kong stocks declined taking the benchmark to a three week-low, as a batch of official figures from China pointed to a shaky and patchy recovery in the world’s second-largest economy.The Hang Seng Index retreated 1.2 per cent to 16,397.06 as of 10.05am local time,...

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15 Apr Chinese tea shop giant Sichuan Baicha Baidao aims to raise US$330 million in Hong Kong’s biggest IPO of 2024

Posted at 13:30h in Asia

Chinese tea shop giant Sichuan Baicha Baidao Industrial aims to raise HK$2.5 billion (US$330 million) in a Hong Kong initial public offering (IPO), set to be the city’s largest new-share sale of the year, regulatory filings showed on Monday.The Chengdu-based company is offering 147.7 million...

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15 Apr Hong Kong’s first spot bitcoin and ether ETFs get conditional approval as city stakes a lead on such products

Posted at 12:00h in Asia

Hong Kong has approved the launch of exchange-traded funds (ETF) that invest directly in bitcoin and ether, the world’s two largest cryptocurrency tokens, as the city looks to secure a leading position in the volatile virtual asset sector.Mainland Chinese fund house Bosera Asset Management’s overseas...

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15 Apr For actress-turned-winemaker Bernice Liu, chasing her passion was a risk well worth taking

Posted at 08:00h in Asia

If given HK$8 million (about US$1 million) to spend, Bernice Liu, an actress, wine entrepreneur and philanthropist, would put it towards an around-the-world trip.“I’d first travel the world to all the wine regions,” Liu says. “Then I would probably settle in China, where I could...

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15 Apr Palazzo Versace Macau opens its door to a new era of luxury

Posted at 06:58h in Asia

[The content of this article has been produced by our advertising partner.]On March 23, the grandeur of luxury hospitality celebrated a new milestone with the unveiling of Palazzo Versace Macau. Donatella Versace, the Chief Creative Officer Versace, graciously welcomed the elite of society to a night...

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15 Apr Hong Kong stocks slump to 3-week lows on Middle East tensions, mood cautious ahead of China data dump

Posted at 02:37h in Asia

Hong Kong stocks declined to three week-lows as rising geopolitical tensions dealt a further setback to investor sentiment already rattled by last week’s export data shock. The mood has also turned defensive ahead of economic data due to be released during the week, including first...

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15 Apr Hong Kong gearing up to become a hub for ILS such as catastrophe bonds, Insurance Authority says

Posted at 01:00h in Asia

“Our first mission is not to talk about the hub,” he said. “The first mission is aiming at resolving this huge protection gap on natural catastrophes, which exists around the world [and], in particular, in this region and China.”Catastrophe bonds, or cat bonds, are a...

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15 Apr HSBC CEO Quinn says future tokenised products, like gold offering, will be ‘backed by something real’

Posted at 00:00h in Asia

Hong Kong’s largest commercial bank, HSBC, plans to expand its line-up of tokenised assets so its customers can enjoy the benefits of such digital products, but will make sure these offerings are grounded in reality, according to the bank’s CEO. It intends to steer away...

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