Hong Kong’s securities regulator and police force set up a task force to assist with the detection of suspicious activity at crypto exchanges, intensifying oversight of the industry after the blowup at the JPEX platform.
UAE, Turkey Discuss Rail Link in Race For Europe-Asia Trade RoutesNorway Sovereign Fund Firepower Aids IPO Market RecoveryWinston Maker Imperial Brands Plans £1.
1 per cent in September as higher rates biteHow rate hikes have sparked debate on the causes of inflation and how to fight itFrequent price increases by businesses contributing to sticky inflation: BoC officialThis is the Canadian city where rental affordability has worsened the most70% chance of a soft landing, former Bank of Canada governor saysThe Daily Chase: Laurentian Bank names new CEO; First Q4 trading dayHomeowners brace for mortgage payment shock amid higher-for-longer rate...
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Exclusive-Asia PE firm Affinity halts continuation fund plan -sourcesBy Kane Wu, Yantoultra Ngui and Scott Murdoch HONG KONG/SINGAPORE (Reuters) - Hong Kong-based Affinity Equity Partners has paused plans to launch a ...
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Hong Kong's push to become a crypto hub could signal a change in China's stanceAs Hong Kong pushes to become a global crypto hub, Chainalysis explores whether the move will serve as a proxy to allow Chinese investors to access the market.
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HK Typhoon-Related Claims Set to Top Record $500 Million in 2023Hong Kong insurance claims caused by natural disasters may climb to a record and exceed $500 million this year should approaching Typhoon Koinu add to this storm season’s damages, according to Bloomberg Intelligence.
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Stock market today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall StreetBANGKOK (AP) — Asian markets were sharply lower on Wednesday after Wall Street tumbled as it focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high. U.S. futures and oil prices edged lower. Tokyo’s Nikkei 225 index sank 2.3% to 30,526.88 and the Kospi in South Korea dropped 2.4% to 2,405.69. Hong Kong's Hang Seng skidded 1.3% to 17,115.62. Troubled property developer China Evergrande was down 11% after plunging 28% on Tuesday. Australia's S
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Exclusive-Asia PE firm Affinity halts continuation fund plan -sourcesHong Kong-based Affinity Equity Partners has paused plans to launch a so-called continuation fund enabling itself and its investors to sell down their shares in companies because of unfavourable market conditions, said two people with knowledge of the matter. A continuation fund is a new investment vehicle created by a private equity (PE) firm to transfer holdings of some existing investments. The concept has gained traction in Asia in recent years as PE firms' exit from companies via initial public offerings (IPOs) or mergers and acquisitions became challenging.
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