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Hong Kong and China launch blockchain pilot for cross-border credit verification
Hong Kong and China have announced a collaboration to test blockchain links for credit verification. According to reports, the Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC)...
HashKey files for $500M Hong Kong IPO
Hong Kong’s crypto moment is about to get a reality check as the city’s biggest licensed exchange reportedly quietly filed for an IPO. HashKey Group is aiming to raise up to $500 million in an offerin...
Hong Kong-listed China Financial to raise $11M to build crypto, AI investment platform
The Hong Kong-listed investment company China Financial Leasing Group announced plans to raise approximately HK$86.5 million ($11.1 million) to fund the creation of a crypto investment platform. Accor...
Indian investigators link $96M flow to illicit trading platform
Indian authorities have claimed that an illegal trading platform has processed more than Rs. 800 crore (approximately $96 million) in the past nine months. According to authorities, its promoters are ...
Singapore's largest precious metals vaults remain optimistic despite slow start
A maximum-security storage facility near Changi Airport now holds one of the world’s largest precious metals vaults, but most of its space is still empty. The Reserve, run by Silver Bullion, started o...
China’s CSI 300 tech index hits highest level since 2015
Retail investors in China are flooding the stock market like it’s a clearance sale, and the CSI 300 Information Technology Index just hit its highest point since 2015. The broader CSI 300 has now jump...
Hong Kong’s HKMA targets unregulated stablecoins
The Hong Kong Monetary Authority (HKMA) has warned investors that it has not approved any stablecoin issuers in Hong Kong. The regulatory body has labelled the marketing of the products as illegal. Ac...
Global stocks, crypto, bonds, and FX hold breaths as traders wait for U.S. jobs data
Everything flatlined Thursday morning as investors hit pause on nearly every market: stocks, bonds, currencies, crypto, even gold. No one moved, no one blinked. Wall Street futures barely shifted, wit...
Powell, Trump remarks send global markets into the red
Global markets fell flat on their face early Wednesday in reaction to comments from Federal Reserve Chair Jerome Powell and U.S. President Donald Trump a day earlier, humbling investors across all maj...
Xiaomi to update driver-assist system after recalling 116K SU7 EVs
Xiaomi Corp., a Chinese multinational technology company, plans to release an over-the-air software update for its SU7 electric vehicles. This update aims to fix a flaw discovered in its advanced driv...
Hong Kong pushes EV factory deals
Hong Kong is increasing its efforts to attract electric vehicle (EV) manufacturing lines and assembly plants as part of a broader strategy to diversify its economy and regain momentum after years of s...
Markets trade mixed as stocks, dollar, Bitcoin, and gold react to rate cut
Traders across the world hit pause Thursday night after a wild rally earlier in the day sent stocks and metals flying. Everyone from New York to Tokyo is now eyeing next week’s rate decision, betting ...