Last month, Hong Kong-based hedge fund Infini Capital Management opened an Abu Dhabi office after receiving in-principle approval from Abu Dhabi’s Financial Services Regulatory Authority (FSRA) to establish a presence there, according to the company. This would set the stage for it to become the first Asian hedge fund manager in the Abu Dhabi Global
ARK Invest CEO and chief investment officer Cathie Wood is urging the U.S. to follow Hong Kong’s example in regulating cryptocurrencies. Wood expressed the sentiment in a dialogue at the latest edition of the Hong Kong Web3 Festival, where she spoke on several key topics shaping the future of the blockchain and crypto industries. Cathie
Meanwhile, China’s central bank has been on an easing trajectory, with its latest decision in February cutting 25 basis points from banks’ five-year loan prime rate (LPR), the largest shave since the LPR was designated as the main rate benchmark in 2019. People take pictures in the Shinjuku area of Tokyo on March 30, 2024.
“Inflation remained relatively moderate,” he said. “Visitor arrivals exceeded 11 million, providing certain support to the local retail, food and beverage, and transport industries.” The latest figures showed the number of visitors in the first three months of 2024 was more than double the number logged for the same period last year. The Tourism Board
“Everyone, from the top brass to people like us in middle ranks, earn less than before,” said a credit manager with Bank of China, one of the country’s “big four” state-owned banks, lamenting the loss of the staggering bonuses that she used to bag in the industry’s heyday. China’s financial sector is always beholden to
TORONTO, March 15, 2024 (GLOBE NEWSWIRE) — Hong Kong’s bid for international flagship events takes another step forward. With the Hong Kong Tourism Board (HKTB) support, Consensus, the world’s longest-standing and most influential cryptocurrency and Web 3 event, has announced its staging in Hong Kong from February 19 to 21, 2025 (Consensus Hong Kong 2025).
Hong Kong’s benchmark index, which was in the 15,000-point range in July 1997 when the city returned to Chinese sovereignty, surged above 30,000 in 2007 and 2018. Last Friday, it closed at 16,353. “Every market has its cycle. Hong Kong’s stock market had gone up to 30,000. But he just took today’s low point [for
A confirmor sale occurs when a purchaser or confirmor enters into an agreement for the sale and purchase of a property with the owner or vendor, but before completion sub-sells the property to a sub-purchaser. A few such transactions have been noticed since the removal of the curbs by the Hong Kong government last week.
“Over the past three years, about 100 vehicles have been towed away,” he told a radio programme. “Some owners died, but most cases involved owners unable to afford loans.” Minibuses in Causeway Bay. Driving a minibus in the city requires a special licence with a quota in place. Photo: Edmond So The mass minibus confiscation
A Hong Kong finance official said today that the government would work towards submitting licensing bills for stablecoin and over-the-counter crypto trading frameworks as soon as the consultations progress. Christopher Hui, Secretary for Financial Services and the Treasury, said in a written response to a lawmaker at the Legislative Council that the FSTB, earlier this