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04.05.26 - 08:48
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Gold rush: Hong Kong sees sudden jump in bullion imports from Dubai amid US-Iran war (SCMP)
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Gold imports and trading have surged in Hong Kong recently as merchants and investors from the Middle East and Russia move their holdings from Dubai to the city amid the regional war, according to the Hong Kong Gold Exchange (HKGX).
Since early April, some gold merchants from these regions have been selling physical gold in Hong Kong at a discount of 15 to 20 per cent to the market price, said Haywood Cheung Tak-hay, chairman of HKGX.
“The discounted sales were a result of the US-Israel war with......
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04.05.26 - 06:01
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Segantii Insider Trading Trial Begins in Hong Kong (Bloomberg)
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One of Hong Kong's most high-profile insider trading cases is back in focus, as a trial involving Segantii Capital Management and its founder Simon Sadler began in the city on Monday. Bloomberg's Minmin Low has the latest. (Source: Bloomberg)...
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04.05.26 - 04:18
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Hong Kong Exchange Fund records smallest gain in 5 quarters amid Middle East crisis (SCMP)
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Hong Kong's Exchange Fund, the war chest used to defend the local currency, reported its smallest investment gain in five quarters as the Middle East crisis weighed on stock market performance.
The fund gained HK$34.5 billion (US$4.4 billion) in the first quarter, 56 per cent lower than HK$79.2 billion a year earlier, according to data released by the Hong Kong Monetary Authority (HKMA) on Monday. The fund still managed to report its fifth consecutive quarterly gain, but it was the smallest gain......
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04.05.26 - 03:00
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Kazakhstan′s AIFC discussing stock-trading links with Shanghai, Hong Kong (SCMP)
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The Astana International Financial Centre (AIFC), a special economic zone in the Kazakhstan capital, is in discussions with Hong Kong and Shanghai's equity exchanges about the creation of stock connection schemes, most likely starting with exchange-traded funds (ETFs), to widen investors' access to each other's markets.
According to AIFC's governor Renat Bekturov, Kazakh investors' interest in Chinese companies, from hi-tech behemoths to carmakers, was growing, inspiring organisations in both......
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04.05.26 - 02:06
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Hong Kong′s Hang Lung trims the gloss to turn up the experience in Hangzhou debut (SCMP)
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Hang Lung Properties has unveiled its flagship Hangzhou development with a noticeably lighter luxury mix, signalling a pivot towards lifestyle and experience-led retail as consumer tastes in mainland China evolve.
Westlake 66, located in Hangzhou's Wulin central business district, spans about 390,000 square metres (4.2 million sq ft) and comprises a 105,900 square metres shopping mall, five prime office towers and a 194-room Mandarin Oriental hotel slated to open in 2027.
“Hangzhou has a highly......
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03.05.26 - 10:36
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Ant Group′s bank adds stock trading to Alipay app in Hong Kong (SCMP)
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Ant Bank, the digital banking arm of Ant Group, has rolled out stock trading services within its AlipayHK mobile application, marking a further push into Hong Kong's retail brokerage market as fintech players race to capture a new generation of investors.
The service allowed users to trade Hong Kong and US stocks and exchange-traded funds, as well as structured products including warrants and callable contracts, through the app's wealth-management section, according to its promotional......
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03.05.26 - 08:00
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Why Singapore wealth-tech firms are choosing Hong Kong as their first overseas market (SCMP)
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Singapore wealth-tech firms are increasingly using Hong Kong as their first major overseas expansion market, betting that the city's large pool of idle savings, deep wealth base and role as a regional financial hub will support the scaling of their retail investment platforms.
The latest entrant, Chocolate Finance, launched in Hong Kong last month with a product targeting retail investors' idle cash. It offers 3.8 per cent annualised returns on the first HK$100,000 (US$12,763) with no minimum......
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02.05.26 - 02:30
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Hong Kong tech hub progress ′significant′, Dalton Venture′s Steve Sun says (SCMP)
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Hong Kong has made “significant” progress in its bid to transform itself into a technology hub, according to a Chinese venture capital investor, whose firm was recently selected by the city to invest in local start-ups under a HK$2 billion (US$250 million) government initiative.
“You can see fundamental, significant changes are indeed taking place,” said Steve Sun, founding managing partner of Dalton Venture, in an interview on Thursday. “I believe that over the next decade, Hong Kong can......
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01.05.26 - 07:30
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Gold, cruises and Dior: how Hong Kong lenders are enticing wealthy mainland China visitors (SCMP)
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Gold bars, cruises, Dior beauty services and Rosewood Hong Kong vouchers are just some of the incentives Hong Kong's major lenders are offering in hopes of capturing wealthy clients, as visitors from mainland China descend on the city during the golden week holiday starting on Friday.
HSBC, Standard Chartered and Bank of China (Hong Kong) – the city's three biggest banks – Citigroup, DBS Hong Kong, ICBC Asia, Bank of East Asia and Hang Seng Bank have all extended the hours of certain branches on......
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01.05.26 - 02:30
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Hong Kong a key global hub for USDC cross-border payments: Circle CEO (SCMP)
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Stablecoin payments into Hong Kong are surging on the cross-border payment network of Circle Internet Group, operator of the world's second largest stablecoin issuer USDC, as the US firm eyes regulatory approval in the Asian crypto hub, its CEO said in an interview.
“Hong Kong remains a central trade hub, and cross-border payments and cross-border trade are major drivers in the adoption of stablecoins,” said Jeremy Allaire, co-founder and CEO of Circle.
He said that payments into Hong Kong were......
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30.04.26 - 14:36
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Hong Kong homebuyers flock to new launches as flats sell out swiftly (SCMP)
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Hong Kong homebuyers snapped up most of the new flats released on Thursday, with developers beginning to ramp up new construction amid sustained housing demand.
All 120 units at the One Victoria Cove I in Hung Hom, jointly developed by Henderson Land Development, Hysan Development and Empire Group, were sold by 5.20pm, according to agents. Meanwhile, New World Development (NWD) and MTR Corp's Pavilia Farm III above Tai Wai MTR station found buyers for 19 of the 45 units as of 6.50pm.
Most recent......
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30.04.26 - 09:06
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Aktien Asien: Verluste - Ölpreisanstieg bremst aus (DPA-AFX)
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SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Die wichtigsten asiatischen Aktienmärkte haben am Donnerstag nachgegeben. Sie reagierten damit auf den weiteren Ölpreisanstieg wegen des Iran-Kriegs."Treiber war eine erneute Verschärfung der ......
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