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  • Sep 12, 2024

New Hong Kong crypto scheme could see changes with SFC involvement in OTC rules

Hong Kong is exploring whether to have the Securities and Futures Commission (SFC) involved in regulating over-the-counter (OTC) virtual asset trading services, along with the Customs and Excise Department (C&ED), as the city struggles to regulate the industry. The SFC has sought opinions from industry players about potentially putting in place a new licensing regime for cryptocurrency OTC services, which will see the securities regulator work with the C&ED to oversee these companies, according

  • Sep 12, 2024

Freedom Holdings eyes Hong Kong's dim sum bond market to fund Kazakh optic-fibre project

One of Kazakhstan's biggest privately owned conglomerates is looking to Hong Kong's capital market to finance a multimillion dollar infrastructure project by its telecoms unit, underscoring the city's growing status as a fundraising hub for the Belt and Road Initiative (BRI). Freedom Holdings, the top Kazakh retail brokerage and investment bank, has engaged China International Capital Corp. (CICC) to help it sell so-called dim sum bonds, or financial instruments denominated in offshore renminbi,

  • Sep 12, 2024

Struggling Miners Put Brakes on South Africa’s Stock Rally

(Bloomberg) -- South African stocks have their noses in front of emerging-market peers, but glum news from China threatens to weigh on the key mining sector and stymie that outperformance.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025NYC Transit Capital Upgrades Face $27 Billion Gap, DiN

  • Sep 12, 2024

South Korea Aims to End Short-Selling Ban on All Stocks in March

(Bloomberg) -- South Korea’s top financial regulator said it plans to lift the ban on short selling at the end of March and will ensure that necessary rule revisions are in place by then.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025NYC Transit Capital Upgrades Face $27 Billion Gap, DiNa

  • Sep 12, 2024

Foreigners Dump Most Japanese Stocks in Year Last Week Amid Rout

(Bloomberg) -- Foreign investors offloaded ¥824 billion ($5.78 billion) of cash Japanese equities last week, their biggest selling on a net basis in almost a year, data from Japan Exchange Group showed.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025NYC Transit Capital Upgrades Face $27 Bi

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