Latest Hong Kong HKEX Stock Market News
HSBC, Hong Kong’s science park to join forces on fintech development
Hong Kong’s largest bank HSBC and start-up hub Hong Kong Science and Technology Parks (HKSTP) will work together to drive fintech development, supporting the city’s [more]
Japan saw record foreign visitors in February, tourism agency says
TOKYO (Reuters) -- Japan welcomed 2.79 million visitors in February, a record for the month and the most for any month since the COVID-19 pandemic [more]
Malaysia’s YTL launches Nvidia-powered AI Cloud supercomputing bid
KUALA LUMPUR -- Malaysian conglomerate YTL Group is turning to the latest chips from semiconductor giant Nvidia as it pushes to build one of the world's fastest [more]
Fidelity International plans to cut 16% of China fund unit jobs
Fund manager Fidelity International (FIL) is planning to lay off 20 people at its main China business unit, two sources familiar with the matter said, [more]
China sets higher bar for consumer finance companies
China has changed the rules for consumer finance firms for the first time in a decade, setting a higher bar for non-bank financial businesses providing [more]
Sino-Ocean warns of hefty losses for 2023 with no turnaround in China home sales
Debt-stricken Sino-Ocean warns of hefty losses amid plunge in home sales as turnaround eludes Chinese developersDebt-stricken Chinese developer Sino-Ocean Group said it is likely to [more]
Singapore’s Tokenize Xchange raises $11.5m more in Series A funding
Singapore-based cryptocurrency exchange Tokenize Xchange has announced raising an additional $11.5 million in its Series A funding round anchored by venture capital investor TRIVE Ventures.The [more]
China’s affluent families see wealth, numbers decline, Hurun report says
As pandemic, geopolitical tensions took their toll, China’s affluent families saw wealth and numbers decline, Hurun report saysThe number of rich families in China declined [more]
Fidelity International plans to cut 16% of China fund unit jobs, sources say
Fidelity International plans to cut 16% of China fund unit jobs amid a deepening market rout, sources sayFund manager Fidelity International (FIL) is planning to [more]
Opinion | US TikTok hysteria pushes key questions about the app to the margins
In a country where 61 per cent of those in the millennial and Generation Z demographics said they trust social media influencers, it’s not surprising [more]
Data Vantage: Staffinc, SIRCLO, SynPhNe, Una Brands and SwipeRx in focus
Indonesia-based digital staffing platform Staffinc has received a fresh capital infusion from its existing investors. Read More
Japanese yen slides past 150 after BOJ decision to raise rates
Investors are now asking whether the BOJ will further raise rates this year, and if so, at what pace. (Photo by Nanami Sato)LISA KIM, Nikkei staff [more]
Nvidia expands ties with Chinese EV makers as auto AI race heats up
Nvidia said on Monday it is expanding its collaborations with BYD and other Chinese carmakers that are racing to build self-driving vehicles and AI-augmented infotainment [more]
SE Asia’s marketing tech players climb the charts despite funding chill, stiff competition
Photo by PixabayDriven by steady demand from enterprises big or small, marketing technology (martech) startups across Southeast Asia have come out relatively unscathed from the [more]
Australian winemakers hopeful about China lifting tariffs
HUNTER VALLEY, Australia -- Winemakers in Australia's Hunter Valley are looking forward with cautious optimism to China ending three years of tariffs on their products, [more]
Indonesian P2P lender Modal Rakyat business model faces scrutiny as lender files lawsuit
Modal Rakyat provides productive loans for micro, small, and medium enterprises. Read More
India: PE-VC firms get a breather as exit routes open up
India Gate in New Delhi. Photo by PixabayDespite muted investor sentiments amid macro market headwinds, fund managers in India have found a reason to cheer [more]
Fosun open to sale of Portuguese bank stake
Fosun International is open to selling its remaining stake in Portugal’s Millennium bcp after disposing of some shares earlier this year, two sources familiar with [more]
US pension major CalPERS commits $600m to CVC, Bain Capital’s Asia funds
It committed $300m each to CVC Capital Partners Asia VI and Bain Capital Asia V. Read More
Middle East’s Hades Financial raises $1.1b for latest fund
Photographer: Simon Dawson/BloombergRiyadh-headquartered global asset manager Hades Financial Private Capital Group (HFPCG) has announced the final close of its latest secondaries-focused fund at $1.1 billion. [more]
China’s ‘broker butcher’ regulator to nurture mainland investment banks
China’s ‘broker butcher’ regulator to lead effort to nurture mainland competitors for Morgan Stanley, Goldman SachsChina’s new top stock regulator Wu Qing, known as the [more]
Nvidia unveils new AI ‘superchip’ line-up Blackwell, succeeding dominant H100
Nvidia unveils new AI ‘superchip’ line-up Blackwell, succeeding dominant H100 chip banned from sale to ChinaNvidia chief executive officer Jensen Huang showed off new chips [more]
China fines Evergrande for inflating revenue by $80bn
The China Securities Regulatory Commission has imposed a fine of 4.2 billion yuan ($580 million) on Hengda Real Estate, the mainland unit of Hong Kong-listed [more]
Japanese yen falls to near 150 after BOJ decision to raise rates
Investors are now asking whether the BOJ will further raise rates this year, and if so, at what pace. (Photo by Nanami Sato)LISA KIM, Nikkei staff [more]