Hong Kong

US Sanctions Several Firms in Hong Kong, UAE for Involvement in Russian Gold Trade

US Sanctions Several Firms in Hong Kong, UAE for Involvement in Russian Gold Trade

The US has imposed sanctions on several companies based in Hong Kong and the UAE for involvement in the trade of gold produced by a sanctioned Russian miner.

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Banker Mimi Monica Wong, 61 leaves her a

HSBC Executive Mimi Wong Wins Lawsuit Against Dance Instructors Over Insult

Mimi Wong, a former HSBC executive, wins a lawsuit after suing dance instructors for HK$62 million in prepaid fees, alleging public insults and calling her a "lazy cow."

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Debt Collectors in Hong Kong Employ Shady Tactics to Threaten Domestic Helpers

Hong Kong faces rising cases of domestic helpers deceived into high-interest loans and receiving threats of violence if they fail to pay on time.

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Hong Kong Cracks Down Fake Crypto Exchange Using Elon Musk Deepfakes to Trick Investors

Hong Kong Cracks Down Fake Crypto Exchange Using Elon Musk Deepfakes to Trick Investors

The public has been cautioned by the Hong Kong Securities and Futures Commission (SFC) about Quantum AI, an organization that is suspected of carrying out fraudulent activities involving virtual assets and pretending to be Elon Musk.

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Hong Kong Investors Win $2.5 Million Case Against Company That Promised to Repurchase Luxury Watches

WatchFund, led by Dominic Khoo, has been ordered by a Hong Kong court to repurchase luxury watches worth $2.5 million following breaches of contract with five investors.

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China Shows Heavy Support for Hong Kong Economy After Pressuring the Country to Enact New Security Law

China pledged increased support for Hong Kong's economy after enacting a new security law, which Human Rights activists condemned for silencing political dissents against China.

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SEC Decision On Bitcoin ETF Approval Expected Soon

Hong Kong Regulators Will Now Allow Bitcoin and Ether ETFs Amid Growing Crypto Adoption

Hong Kong's financial regulators have approved the launch of bitcoin and ether exchange-traded funds (ETFs) as part of their goal to become a 'crypto hub' in Asia.

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Hong Kong Discovers Over $10 Million Worth of Gold on Board a Cargo Plane Headed for Japan in Largest Smuggling Bust

Hong Kong officials confiscated an estimated $10.7 million worth of gold disguised as machine parts being shipped to Japan.

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US-funded Radio Free Asia Shuts Down Hong Kong Bureau Amid Safety Concerns Over New Security Law

US-funded Radio Free Asia closed its Hong Kong bureau due to safety concerns from the new national security law.

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Hong Kong to Host CoinDesk Consensus as It Bids to Become a Crypto Hub

CoinDesk will hold a consensus in Hong Kong, showcasing the region's progress as a digital asset hub despite regulatory lag in certain areas.

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JPMorgan Chase Reportedly Plans to Outsource $500 Billion Custody Business in Hong Kong, Taiwan

JPMorgan Chase Reportedly Plans to Outsource $500 Billion Custody Business in Hong Kong, Taiwan

JPMorgan Chase is reportedly planning to outsource its local custody business operations in Hong Kong and Taiwan.

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India Dethrones Hong Kong as the World’s 7th Largest Stock Market

India Dethrones Hong Kong as the World’s 7th Largest Stock Market

India has taken the spot of Hong Kong as the world's seventh-largest stock market.

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Guosen Securities denies bond default

China's eighth largest investment bank, Guosen Securities, has clarified on behalf of its unit that there's no default on its offshore debt. The trustee of the offshore bond Bank of New York Mellon (BNY) had earlier warned bondholders of a possible default.

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China's eight largest bank defaults on ‘dim sum’ bond

A unit of China's Guosen Securities in Hong Kong have defaulted on a dim sum bond. However, analysts doubted the default as the brokerage is in a strong cash balance.

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McDonald’s Expands More New Restaurants in Asia

McDonald’s is planning to extend its fast food empire to Asia by opening additional restaurants in Hong Kong, South Korea and China. It is also seeking strategic partnership in Japan and Taiwan.

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