Hong Kong to Require Stablecoin Licensing as Early as This Year
Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said.#hongkong (Source: Reuters: Health)
Source: Reuters: Health - January 31, 2023 Category: Consumer Health News Source Type: news

Hong Kong ’s negative equity soars to 12,164 cases as home prices fall
Home prices in Hong Kong fell last year by the most since the Asian financial crisis, as pandemic curbs combined with rising interest rates to stop the housing bull market in its tracks after a 13-year run.#hongkong (Source: Reuters: Health)
Source: Reuters: Health - January 31, 2023 Category: Consumer Health News Source Type: news

Alibaba Fund backs Hong Kong-based health monitoring firm PanopticAI
It plans to further expand across China ' s Greater Bay Area.   (Source: mobihealthnews)
Source: mobihealthnews - January 31, 2023 Category: Information Technology Source Type: news

Morgan Stanley Says Buy the Dip After Hong Kong Stocks Slumped
(Source: Reuters: Health)
Source: Reuters: Health - January 31, 2023 Category: Consumer Health News Source Type: news

Alibaba Stock Falls. The Chinese E-Commerce Giant Says Speculation About HQ Move ‘Untrue.’
Stock in Alibaba the Chinese e-commerce site, fell 7% in Hong Kong trading on Monday after speculation that the company is moving its headquarters out of the country to Singapore. Alibaba (ticker: HK:9988) has denied the speculation, telling Chinese media including Sina Financial it is “untrue and…#hongkong #singapore #alibaba #sinafinancial #hangzhou #southeastasia #lazadagroup (Source: Reuters: Health)
Source: Reuters: Health - January 30, 2023 Category: Consumer Health News Source Type: news

Hong Kong Wealth Fund Posts $26 Billion Record Loss in 2022
(Source: Reuters: Health)
Source: Reuters: Health - January 30, 2023 Category: Consumer Health News Source Type: news

China markets rise on Lunar New Year spending blitz
HONG KONG -- Key mainland China stock indexes rose in the first trading session after the Lunar New Year holiday, as a travel-and-spending blitz propelled hopes for a rebound in the world's No. 2 economy. Shanghai's CSI 300 ended 0.47% higher Monday, easing off a more than 2% jump in the morning,…#hongkong #lunarnewyear #shanghai #shenzhen #sse (Source: Reuters: Health)
Source: Reuters: Health - January 30, 2023 Category: Consumer Health News Source Type: news

Hong Kong Exchange Fund reports worst year on record in 2022 as it lost US$25.8 billion amid ‘perfect storm’, HKMA says
The loss far surpasses the previous worst annual decline of US$9.6 billion in 2008 for the war chest that defends the Hong Kong dollar from attacks by short-sellers.#hongkong (Source: Reuters: Health)
Source: Reuters: Health - January 30, 2023 Category: Consumer Health News Source Type: news

Asian shares mostly rise, but Hang Seng drops over 2% as Alibaba tumbles on reports of headquarter shift
Shares were trading mixed in Asia on Monday after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four. Tokyo and Shanghai rose while Hong Kong, Seoul and Sydney fell. Taiwan’s benchmark jumped 3.8%. Attention was turning to Wednesday’s decision by the…#tokyo #shanghai #hongkong #seoul #sydney #taiwan #federalreserve #lunarnewyear #hongkongs #alibabababa (Source: Reuters: Health)
Source: Reuters: Health - January 30, 2023 Category: Consumer Health News Source Type: news

Hong Kong wants to raise cash but taxing Jockey Club isn ’t the right way
The club is already Hong Kong’s largest taxpayer and one of Asia’s top donors, with charity contributions outpacing growth during the pandemic. With higher taxes likely to eat into competitiveness and revenue, calls to raise betting duties will do little beyond earning politicians brownie points.#hongkongs (Source: Reuters: Health)
Source: Reuters: Health - January 30, 2023 Category: Consumer Health News Source Type: news

Asian shares mixed after last week's gains on Wall Street
BANGKOK -- Shares were trading mixed in Asia on Monday after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four. Tokyo was nearly unchanged, Mumbai and Shanghai rose while Hong Kong, Seoul and Sydney fell. Attention is turning to Wednesday’s decision…#tokyo #mumbai #shanghai #hongkong #seoul #sydney #federalreserve #lunarnewyear #hangseng #alibaba (Source: Reuters: Health)
Source: Reuters: Health - January 30, 2023 Category: Consumer Health News Source Type: news

China markets jump after Lunar New Year spending blitz
HONG KONG -- Key mainland China stock indexes opened higher on the first trading session after the Lunar New Year holiday, with a travel-and-spending blitz propelling hopes for a rebound in the world's No. 2 economy. Shanghai's CSI 300 climbed more than 2% on Monday morning, while the SZSE…#hongkong #lunarnewyear #shanghai #csi #shenzhen #sse (Source: Reuters: Health)
Source: Reuters: Health - January 30, 2023 Category: Consumer Health News Source Type: news

How Russia dodges oil sanctions on an industrial scale
I since the war in Ukraine began, once-dominant Western firms have pulled back from trading, shipping and insuring Russian oil. In their place, mysterious newcomers have begun to help sell the country’s crude. They are based not in Geneva, but in Hong Kong or Dubai. Many have never dealt in the…#ukraine #russian #geneva #hongkong #dubai #western #wests #greek #dutch #iran (Source: Reuters: Health)
Source: Reuters: Health - January 30, 2023 Category: Consumer Health News Source Type: news

Hong Kong ’s high rents work against plans to bring back top talent
New incentives to entice foreigners to move to Hong Kong could be undermined by rents that remain among the highest globally even after unrest and Covid-19.#hongkong (Source: Reuters: Health)
Source: Reuters: Health - January 30, 2023 Category: Consumer Health News Source Type: news

Hong Kong, foreign banks can expect brighter outlook in post zero-Covid China, but will need to rejig strategies
The outlook for offshore banks in mainland China is expected to be brighter in 2023 amid the country’s reopening and exit from strict zero-Covid policies, but this will also require the lenders to rethink their strategies in a fast changing and demanding market, analysts said. (Source: Reuters: Health)
Source: Reuters: Health - January 29, 2023 Category: Consumer Health News Source Type: news