Hong Kong to restrict crypto exchanges to professional investors

1 day, 14 hours ago

Italy’s biggest bank Intesa Sanpaolo makes first proprietary Bitcoin buy for $1 million

Intesa Sanpaolo, the Italy's biggest bank has made its first proprietary Bitcoin purchase, buying roughly 1 million euros worth of the cryptocurrency. The lender bought 11 Bitcoin on Monday, the bank’s digital asset trading and investments head Niccolò Bardoscia said in an internal email that was posted on online forum 4chan. “It’s very small amounts, considering we have 100 billion …

Bank Bitcoin Messina Intesa

3 weeks, 3 days ago

Women now represent 20 per cent of HNI investors: Crypto exchange CoinDCX

New Indian Express

BENGALURU: With increasing adoption of cryptocurrency, women are now representing 20 per cent of crypto exchange CoinDCX’s HNI customers. With 28.3 per cent, Delhi, Lucknow, and Hyderabad are driving this trend, with ETH, BTC, MATIC, and DOGE, among their preferred tokens, says the crypto exchange in its Annual Report for 2024. The report highlights a significant shift in investor behaviour …

Crypto Cent Btc Crypto Exchange

4 weeks ago

GIFT City To Introduce Regulatory Framework For Crypto Exchange, Tokenisation Entities In 2025

ABP News

India’s GIFT City is gearing up to introduce a regulatory framework for cryptocurrency exchanges and tokenisation entities in 2025, as reported by NDTV Profit based on source inputs. Initially, the IFSCA will oversee crypto exchanges within GIFT City, but the approach may later expand to include domestic regulators. Currently, GIFT City’s regulatory sandbox hosts several projects involving the tokenisation of …

India Gift Regulatory Regulatory Framework City Gift City Crypto Exchange

4 weeks, 1 day ago

Hong Kong Counts on China-Traded Firms to Boost 2025 Listings

Live Mint

Hong Kong’s dealmakers are betting on mainland-traded Chinese companies’ second listings to boost share-sale volumes next year, building on a pickup in recent months. Such listings could help lift Hong Kong’s initial public offering volumes to about $15 billion in 2025, according to a forecast by KPMG LLP, compared to $10.5 billion so far this year. “We expect Hong Kong …

China Hong Kong Companies Chinese Mainland Kong Hong

1 month ago

Private Banks Boost Hong Kong Hiring to Woo Rich Chinese Clients

Live Mint

-- Wealth managers are ramping up hiring in Hong Kong to cater to an inflow of mainland Chinese money. Bank of Singapore has boosted staff in Hong Kong by 30%, while Julius Baer Group Ltd., a Swiss wealth manager, grew its office space in Hong Kong by 40% last year along with hiring. “This year, we’ve seen an increase in …

China Wealth Hong Kong Bank According Chinese Kong

1 month ago

HK's IPO market to keep top 5 ranking in 2025

China Daily

By WU MENGLEI in Hong Kong | China Daily | Updated: 2024-12-12 09:05 International accounting firm KPMG foresees improved investor confidence in Hong Kong's IPO market and expects it to maintain its position among the global top five in 2025, as its financial funding sector shows robust resilience. As of Dec 8, the Hong Kong stock exchange ranked 4th in …

Global Market Hong Kong Chinese Mainland Kong Hong

1 month ago

China regulators tell banks to expedite offshore company listings, sources say

The Hindu

Regulators in mainland China and Hong Kong have told some of the world's biggest investment banks to help speed up Chinese companies' listings in the city, said sources, in a bid to boost fundraising overseas and revitalise the world's No. In a similar move, Hong Kong's bourse operator has also initiated one-on-one meetings with major global and Chinese banks since …

China Hong Kong Companies Chinese Kong Hong Chinese Firms

1 month, 1 week ago

Foreign financial firms beef up China investment

China Daily

BEIJING — Since the start of this year, an increasing number of foreign financial institutions have cast a vote of confidence in China by establishing new securities entities and expanding the scope of their existing businesses in a market that continues to grow and open up. This year, other foreign financial institutions, especially securities firms, have also increased their presence …

China Market Financial Investment Chinese Securities Firms Qfii

1 month, 1 week ago

Foreign financial firms beef up China investment

China Daily

China Daily | Updated: 2024-12-06 10:10 BEIJING — Since the start of this year, an increasing number of foreign financial institutions have cast a vote of confidence in China by establishing new securities entities and expanding the scope of their existing businesses in a market that continues to grow and open up. This year, other foreign financial institutions, especially securities …

China Market Financial Investment Securities Chinese Foreign

1 month, 1 week ago

Foreign financial firms beef up China investment

China Daily

BEIJING — Since the start of this year, an increasing number of foreign financial institutions have cast a vote of confidence in China by establishing new securities entities and expanding the scope of their existing businesses in a market that continues to grow and open up. This year, other foreign financial institutions, especially securities firms, have also increased their presence …

China Market Financial Chinese Foreign Qfii Securities Investment

1 month, 1 week ago

Bitcoin crosses $100,000 for 1st time: Will the rally sustain? 3 things to know

India Today

Bitcoin has crossed the $100,000 mark for the first time, setting a historic milestone in its journey as a global financial asset. Bitcoin has more than doubled in value since the start of 2024 and has risen by about 45% in the last four weeks following Donald Trump’s US election victory. Bitcoin’s rise to six figures has been driven by …

Market Crypto Bitcoin Retail Investors Institutional Institutional Confidence

U.S. lawmakers warn Hong Kong becoming financial crime hub

Raw Story

U.S. lawmakers urged the government Monday to rethink banking ties with Hong Kong, citing its "increasing role" in money laundering, sanctions evasions and reported funneling of banned technology to Russia. Since Beijing imposed a sweeping national security law on the semi-autonomous Chinese city in 2020, "Hong Kong has shifted from a trusted global financial center to a critical player in …

China Russia Financial Hong Kong Kong Hong Security Law

1 month, 3 weeks ago

Hong Kong is becoming a hub for financial crime, US lawmakers say

CNN

Hong Kong CNN — Hong Kong has become a center for money laundering and sanctions evasion under the tightening grip of Beijing, US lawmakers have warned, calling for a re-evaluation of America’s close business relationship with the Asian financial hub. In a letter to US Treasury Secretary Janet Yellen Monday, bipartisan leaders of the House Select Committee on China demanded …

Law China Russia Trump Hong Kong City Treasury

1 month, 3 weeks ago

Call to get crypto regulated as FCA reveals 7M Britons now own some

Daily Mail

Around 7m British adults own cryptocurrencies such as bitcoin, the City watchdog revealed as it set out plans to regulate the industry. The number of crypto investors in the UK has increased from nearly 5m or 9 per cent of adults in 2021 to around 12 per cent of the population. The number of crypto investors in the UK has …

Crypto

1 month, 3 weeks ago

US, Canadian politicians urged to stop meddling in Hong Kong's judiciary

China Daily

HONG KONG -- A spokesperson for the Commissioner's Office of the Chinese Foreign Ministry in the Hong Kong Special Administrative Region has slammed certain US and Canadian politicians over new visa restrictions vow following the HKSAR's lawful verdict of rioters. The irresponsible remarks were made by the spokesperson of the US State Department, the relevant bodies and members of the …

Law China Hong Kong Kong Hong Spokesperson Canadian

1 month, 4 weeks ago

Stock Connect mechanism benefits both mainland and HK markets

China Daily

China Daily | Updated: 2024-11-19 07:02 Pedestrians walk past an Sunday marked the 10th anniversary of the capital market connectivity mechanism established between the Chinese mainland and the Hong Kong Special Administrative Region. With the launch of the Shanghai-Hong Kong Stock Connect, investors could entrust local brokerages to buy and sell stocks in other stock markets, creating a new capital …

Hong Kong Capital Stock Mechanism Mainland Kong Hong

1 month, 4 weeks ago

HKSAR government slams foreign interference in its judicial affairs

China Daily

The Golden Bauhinia Square in China's Hong Kong, July 14, 2020. Photo: Xinhua The Government of the Hong Kong Special Administrative Region on Sunday strongly disapproved of and rejected the recent biased and misleading remarks made by some foreign governments, politicians, officials and the media, etc, on HKSAR's work in safeguarding national security and Lai Chee-ying's case, with a HKSAR …

Law Security National Security Rights National Hong Kong Kong

1 month, 4 weeks ago

Golden targets

China Daily

Hong Kong is seeking new growth drivers in gold trading amid growing geopolitical tensions after Chief Executive John Lee Ka-chiu flagged plans to make the city an international gold trading market. Legislative Council member Tan Yueheng says the initiative comes at an "opportune time", highlighting its strategic consideration and long-term significance to help Hong Kong become a comprehensive financial center …

Hong Kong Gold Trading Tan Kong Hong

1 month, 4 weeks ago

Golden targets

China Daily

Hong Kong is seeking new growth drivers in gold trading amid growing geopolitical tensions after Chief Executive John Lee Ka-chiu flagged plans to make the city an international gold trading market. Legislative Council member Tan Yueheng says the initiative comes at an "opportune time", highlighting its strategic consideration and long-term significance to help Hong Kong become a comprehensive financial center …

Financial Services Hong Kong Gold Trading Tan Kong Targets Hong

1 month, 4 weeks ago

Golden targets

China Daily

Hong Kong is seeking new growth drivers in gold trading amid growing geopolitical tensions after Chief Executive John Lee Ka-chiu flagged plans to make the city an international gold trading market. Legislative Council member Tan Yueheng says the initiative comes at an "opportune time", highlighting its strategic consideration and long-term significance to help Hong Kong become a comprehensive financial center …

Hong Kong Gold Trading Tan Kong Hong

1 month, 4 weeks ago

Dutch financial regulator points out dangers of crypto after Donald Trump's comments

NL Times

Despite the newly elected President of the United States Donald Trump's positive comments regarding crypto, investing in coins like Bitcoin is still a risk. Crypto has risen in popularity and worth since Donald Trump’s victory in the US presidential elections. The AFM emphasized the risks of investing in crypto coins and stated that these are a different kind of products …

Crypto Crypto Coins Van Geest

2 months ago

Dutch Efforts to Enhance EU Crypto Tax Laws

NL Times

The EU is only as strong as the nations that make it. As the Dutch market starts sharing its crypto data with other members of the EU, we'll see a rise in regulated market trade and more crypto safety. The proposed new law would require all local crypto providers and similar services to share their data with the Dutch tax …

Law Dutch Local Crypto

2 months, 1 week ago

Hong Kong sees brisk ETF trading in first 9 months

China Daily

HONG KONG - Hong Kong's average daily turnover of ETFs reached HK$13 billion in the first three quarters of 2024, up 10 percent from the 2023 full-year average, local data showed on Tuesday. The increase widens to 32 percent when compared to the average in full year 2022, said Joseph Chan, acting secretary for Financial Services and the Treasury of …

Hong Kong Kong Hong Etf Hkex

2 months, 1 week ago

China revises rules to ease foreign strategic investment in listed firms

China Daily

China revises rules to ease foreign strategic investment in listed firms Xinhua Updated: Nov 04, 2024 High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. Chinese authorities on Friday released revised rules on foreign investors' strategic investment in listed companies in a move to encourage foreign investors to make long-term and value investment in the country. …

China Investment Foreign Investors Rules Foreign Listed Requirement

HK Fintech Hub to Boost Cooperation with the Middle East

China Daily

Hong Kong and the Middle East region will strengthen fintech cooperation, with a business delegation visiting Riyadh, Saudi Arabia, for three days. The trip aims to explore cooperation and two-way investment in innovation and technology, with a focus on listing Hong Kong's first two ETFs on the Saudi exchange and accelerating collaboration in fintech between the two regions.

Global Economy Innovation Fintech

HK Fintech Hub to Boost Cooperation with the Middle East

China Daily

Hong Kong and the Middle East region will strengthen fintech cooperation, with a business delegation visiting Riyadh, Saudi Arabia, for three days. The trip aims to explore cooperation and two-way investment in innovation and technology, with a focus on listing Hong Kong's first two ETFs on the Saudi exchange and accelerating collaboration in fintech between the two regions.

Global Innovation Trade Fintech

2 months, 4 weeks ago

HK Investment Plan: A Gateway to Wealthy Individuals and Capital Inflow

China Daily

Hong Kong's investment-for-residency program is set to expand, allowing wealthy individuals to invest in residential properties. The program, which was previously suspended in 2015, will allow investments in homes priced at HK$50 million or above. Additionally, investments made via an eligible privately held company owned entirely by an applicant will be considered part of the applicant's qualifying investment. This expansion …

Law Finance Real Estate Wealth Management

2 months, 4 weeks ago

Hong Kong Regains Top Spot as Leading Global IPO Venue

China Daily

Hong Kong reclaims its position as leading global IPO venue, ranking fourth in a seasonal review by global accounting firm KPMG. The city's largest IPO since 2022 was the listing of Midea Group, which raised more than HK$30 billion ($3.86 billion). The Macao Special Administrative Region drew nearly 1 million visitors during National Day Golden Week, with the peak coming …

Government Science Law Technology

2 months, 4 weeks ago

Hong Kong Takes Top Spot as Leading Global IPO Venue

China Daily

Hong Kong reclaims its position as leading global IPO venue, ranking fourth in a seasonal review by global accounting firm KPMG. The city's largest IPO since 2022 was the listing of Midea Group, which raised more than HK$30 billion ($3.86 billion). The Macao Special Administrative Region drew nearly 1 million visitors during National Day Golden Week, with the majority from …

Government Science Law Technology

5 months, 2 weeks ago

Cambodian online marketplace outed as one-stop shop for scammers' money laundering and 'detention equipment' needs

ABC

A multi-billion-dollar online marketplace linked to Cambodia's ruling family is allegedly being used to sell equipment to and launder money for the online scam industry — with Australians among those in the crosshairs. "Manual analysis of thousands of messages across the Huione Guarantee platform has provided us with overwhelming evidence that its predominant role is to act as an illicit …

Law Enforcement Money Laundering Human Trafficking Money Online Scam Equipment

5 months, 3 weeks ago

Hong Kong to launch Asia's first inverse bitcoin ETF

The Hindu

Asia's first inverse bitcoin exchange-traded fund that allows investors to bet on a fall in the cryptocurrency, is set to debut in Hong Kong on Tuesday. Hong Kong's CSOP Asset Management said it will launch the CSOP Bitcoin Futures Daily Inverse Product on the city's stock exchange on Tuesday morning. "The first futures-based inverse bitcoin product listed in Hong Kong …

Hong Kong Bitcoin Etf Inverse Csop

6 months ago

Expats hail new mainland travel permits

China Daily

Hong Kong permanent residents who are not Chinese apply for five-year permits to go to the mainland for short-term purposes such as business, tourism and exchanges at a service center in Hong Kong on Wednesday. ANDY CHONG/CHINA DAILY Non-Chinese permanent residents of the Hong Kong and Macao special administrative regions applying for a new card-style Chinese mainland travel permit have …

Travel English Hong Kong Office Chinese Mainland Kong

6 months, 2 weeks ago

The Art of A Good Unicorn | Curating a product market fit for your crypto startup

Hindustan Times

So, cryptocurrencies, like Bitcoin, seem to have their highs and lows. Being a crypto entrepreneur in India could have Herculean challenges, because, from a regulatory perspective, it's a rocky relationship with crypto without much legitimacy. And if someone puts their hard-earned salary into crypto and something goes wrong, they may not be able to knock on the doors of regulators …

Art India Cryptocurrency Crypto Network System

6 months, 3 weeks ago

Regulators say financing should serve tech, green advancements

China Daily

A view of the Lujiazui area in Shanghai. Direct financing, such as stock issuance, as well as indirect financing such as bank loans, should be better connected to serve China's technology advancements and green development, said regulators and market mavens attending a panel discussion during the two-day 2024 Lujiazui Forum that started on Wednesday. Ever since China's new filing regulations …

Technology Market Tech Hong Kong Companies Capital Liu

6 months, 4 weeks ago

Hong Kong to keep stock market open during typhoons

Al Jazeera

City leader John Lee says move will strengthen competitiveness of the Asian financial hub. Hong Kong Chief Executive John Lee said the change was widely supported by the financial sector and would bring the financial hub in line with other markets, including mainland China. Hong Kong authorities last year issued the city’s highest weather alert – T10 – for only …

Stock Market Market Hong Kong Kong Hong

6 months, 4 weeks ago

Chinese investors’ rush for offshore assets spurs Hong Kong wealth inflows

Live Mint

By Xie Yu HONG KONG, June 17 - Hong Kong investment products such as insurance and high-yield time deposits are seeing resurgent demand from wealthy Chinese who are aiming to shield returns from a domestic economic and property sector downturn and also a weaker currency. The trend became evident last year but has accelerated in recent months after China relaxed …

China Wealth Investment Hong Kong Demand Chinese Mainland

7 months, 1 week ago

Professional services critical to SAR’s economic growth

China Daily

As the Hong Kong Special Administrative Region consolidates its business links with the Association of Southeast Asian Nations and the Middle East, the city’s professional services sector has a pivotal role to play in accelerating these bonds, says Hong Kong business titan Jonathan Choi Koon-shum. Professional services will be in great demand from Middle Eastern countries as their real-estate development …

Services Professional Services Economic Growth Hong Kong Kong Hong Choi

8 months, 1 week ago

Rising to the challenge

China Daily

Nighttime view of Victoria Harbour, showcasing Hong Kong's dazzling skyline and shimmering waters. Navigating economic shifts PayCargo believes Hong Kong must maintain its position as the world's busiest cargo hub, an open business environment and its low tax regime in the future. As more mainland corporations build up economic and trade links with the Middle East, the Global South and …

Global Trade Market Middle East Financial Hong Kong Global South

8 months, 3 weeks ago

Hong Kong film industry seeks expansion with new initiative

China Daily

A press event to promote a program which is aimed at helping more Hong Kong films to be screened in Chinese mainland, was held in Beijing on April 20. Now, the burgeoning talent within the Hong Kong film industry is poised for an expanded presence in the mainland market. The Film Financing Scheme for the Chinese Mainland Market, designed to …

Film Hong Kong Kong Hong Chinese Mainland Mainland Market Hong Kong Films

8 months, 3 weeks ago

Hong Kong film industry seeks expansion with new initiative

China Daily

A press event to promote a program which is aimed at helping more Hong Kong films to be screened in Chinese mainland, was held in Beijing on April 20. Now, the burgeoning talent within the Hong Kong film industry is poised for an expanded presence in the mainland market. The Film Financing Scheme for the Chinese Mainland Market, designed to …

Hong Kong Mainland Hong Chinese Mainland Hong Kong Films Kong Film

9 months ago

China tells Hong Kong to hold national security ‘tightly’ for development

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Hong Kong should hold on …

Law Security China National Security National Hong Kong Kong

9 months, 3 weeks ago

The tea shops bubbling up Hong Kong’s anemic IPO market

Live Mint

Hong Kong’s IPO market was once the biggest in the world. At least four Chinese stores that sell bubble tea are preparing to go public in Hong Kong, where nine companies have listed shares so far this year. Hong Kong’s stock exchange once boasted more deals than anywhere else in the world, generating bumper fee revenues for Wall Street banks …

China Market Hong Kong Companies Chinese Hong Ipo

9 months, 3 weeks ago

Safeguard for Hong Kong's security and prosperity

China Daily

A view of the Victoria Harbor in Hong Kong. After the Legislative Council of the Hong Kong Special Administrative Region unanimously passed the Safeguarding National Security Ordinance mandated by Article 23 of the Basic Law of Hong Kong on Tuesday, some Western figures, including those in the European Council, began attacking the legislation and questioning the business environment in Hong …

Law Security National Hong Kong Kong Hong

10 months ago

Adviser urges backing for HK derivatives

China Daily

There is a need to support Hong Kong in piloting more derivative products to reinforce its position as an offshore renminbi risk management center, said a national political adviser. Zhang said: "It is advisable that the central government continues to support the Hong Kong market in pioneering and piloting derivatives products — and introduce piloted products to the mainland market …

China Market Financial Management Hong Kong Risk Chinese

10 months ago

Bitcoin hits new record as UK regulator paves way for crypto-linked securities

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The price of Bitcoin has …

Bitcoin Investors Sec Fca Paves Way Professional Investors

10 months, 1 week ago

Hong Kong, Asia 'here to stay'

China Daily

Capital markets in Asia and the Pacific region are set to stage a rebound this year, while Hong Kong's global competitiveness and efforts to woo new investors could bring a reversal of fortune for its beleaguered stock market. Heavier capital flow in Asia would do well for Hong Kong despite the city's lackluster performance in the stock market. "India's strong …

India Growth Markets Market Financial Hong Kong Capital

10 months, 1 week ago

Hong Kong, Asia 'here to stay'

China Daily

Capital markets in Asia and the Pacific region are set to stage a rebound this year, while Hong Kong's global competitiveness and efforts to woo new investors could bring a reversal of fortune for its beleaguered stock market. Heavier capital flow in Asia would do well for Hong Kong despite the city's lackluster performance in the stock market. "India's strong …

India Growth Markets Market Financial Asia Hong Kong

10 months, 2 weeks ago

Hong Kong lifts curbs on property market, to spend more on tourism

Associated Press

HONG KONG — Hong Kong’s government has lifted curbs on property deals after home prices fell to a seven-year low, adding to the Chinese territory’s woes. Chan said the limits on property transactions were “no longer necessary amid the current economic and market conditions.” The government lifted a 15% stamp duty imposed on non-permanent residents who buy property in Hong …

Property Hong Kong Chinese Kong Chan Tourism Hong

10 months, 2 weeks ago

Hong Kong Sees 2024 Growth Range at or Below Last Year

Hindustan Times

-- Hong Kong expects its economy to grow in a range of 2.5% to 3.5% this year, suggesting a potentially slower rate of expansion as the financial hub tries to bolster a struggling housing market and attract more tourism and investment. Confidence in Hong Kong has waned as home prices tumble to a seven-year low, national security measures erode freedoms …

China Hong Kong City Kong Hong Bloomberg Last Year

10 months, 4 weeks ago

Hong Kong customs arrest 7 people in one of largest ever money laundering cases

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Hong Kong customs officials have …

India Money Laundering Money Customs Hong Kong Kong Hong

Hong Kong to restrict crypto exchanges to professional investors

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