Markets

May 2, 2023
Team Hongkong Journalist
Markets, Stock Market

China’s leading developers report 3-month home sales growth

After policymakers increased support for the struggling sector, China’s home sales increased for a third consecutive month in April, adding to signs of a recovery. According to preliminary statistics...

April 28, 2023
Team Hongkong Journalist
Markets, Crypto Market

HK crypto license launch set for next month

According to Hong Kong’s financial authority, the licensing system for cryptocurrency firms is anticipated to go live in May, with access to retail traders scheduled for June 1. The...

April 27, 2023
Team Hongkong Journalist
Markets, Crypto Market

Cryptocurrency gains property status in Hong Kong – time to invest?

Breaking News: Hong Kong has officially declared that cryptocurrency can have property status. The most exciting ruling gave hope to other common law jurisdictions, in acknowledging the exclusive future...

April 26, 2023
Team Hongkong Journalist
Markets, Crypto Market

Bitcoin falls, Ethereum & Signup Token surge; Hong Kong welcomes Chinese banks

Despite a complete ban on crypto-related activity in mainland China, Hong Kong’s desire to become a crypto hub has created new chances for Chinese state-affiliated banks and crypto enterprises....

April 25, 2023
Team Hongkong Journalist
Markets, Crypto Market

24 held in HK for ramp-and-dump scam

In a combined investigation with local police, 24 people were charged with market manipulation by the Securities and Futures Commission (SFC). One of the defendants was the boss of...

April 14, 2023
Team Hongkong Journalist
Markets, Stock Market

Chinese developer Sunac’s shares sink in Hong Kong after 12-month suspension is lifted

In This Article: Sunac China is said to have re-started trading after ‘debt restructuring’. Trading recommenced as Sunac met the Hong Kong stock exchange’s conditions. This included publishing its...

April 6, 2023
Team Hongkong Journalist
Markets, Stock Market

According to a S&P report, dividend payments by China’s largest companies will reach a record US$174 billion in 2022

As per a S&P Global Market Intelligence study published on Wednesday, dividend payments by the major Chinese companies last year hit a new record of 1.2 trillion yuan (US$174.43...

March 28, 2023
Team Hongkong Journalist
Crypto Market, Markets

In February, exports fell 8.8% year on year to $286.2 billion

The price of goods exported dipped further in February 2023, dwindling 8.8% year over year to $286.2b. The Census & Statistics Department (C&SD) attributed the reduction in export value...

March 27, 2023
Team Hongkong Journalist
Crypto Market, Markets

Hong Kong Makes Market Debut with $538 Million Bond Sale to Boost Local Currency Amidst Capital Flight to Higher Interest Rates

In a move aimed at stabilizing its currency, Hong Kong has stepped into the market for the first time this year, selling US$538 million. The move comes as investors...

March 24, 2023
Team Hongkong Journalist
Crypto Market, Markets

Over 80 crypto firms are eyeing a presence in Hong Kong, the Financial Secretary says

Across mainland China and other foreign nations, more than 80 virtual asset-related companies have conveyed interest in establishing a presence in Hong Kong, noticing efforts from the city to...

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