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Hong Kong jails former banker over $1.6B false credit, cryptocurrency bribes: Report

Former banking official gets four years in prison over false letters of credit and accepting $470,000 in cryptocurrency bribes.
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09-11 13:44

Metaplanet cuts Series 10 stock pool by 41%, plans Hong Kong subsidiary

Metaplanet will cut 131.3 million potential shares and form a $1 million Hong Kong subsidiary for trading in Bitcoin, equities and credit products.

07-08 12:07

Shenzhen Platinum New Materials Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange.

According to Mars Finance, Shenzhen Platinum New Materials Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor.

07-08 08:24

Mirae Asset's Hong Kong branch will launch a tokenized asset trading platform within three years, initially targeting Hong Kong clients.

According to a report by Straight News, Mirae Asset's Hong Kong branch plans to launch a tokenized asset trading platform within the next three years. This platform aims to convert existing investment assets and traditional financial assets into tokens for clients to trade. The company has recently expanded its business based on its newly launched trading platform, MAPS (Mirae Asset Portfolio Service), striving to transform from institutional business to a client-centric platform. Initially targeting Hong Kong clients, the platform's long-term goal is to establish a cross-regional trading architecture connecting South Korea and overseas markets.

07-08 08:15Important

The Hong Kong Hang Seng Index closed up 702.57 points, or 2.99%.

According to Mars Finance, Gate data shows that the Hong Kong Hang Seng Index closed up 702.57 points, or 2.99%, at 24,199.46 on Wednesday, July 8th; the Hang Seng Tech Index closed up 223.98 points, or 4.97%, at 4,731.02; the H-share Index rose 313.96 points, or 4.04%, to 8,084.22; and the Red Chip Index gained 69.8 points, or 1.83%, to 3,874.93.

07-08 08:11Important

The Hong Kong Hang Seng Tech Index closed up nearly 5%, with Alibaba surging 12%.

According to Mars Finance, the Hong Kong Hang Seng Index closed up 2.99%, and the Hang Seng Tech Index rose 4.97%. Heavyweight tech stocks led the gains, with Alibaba surging over 12%, Xiaomi Group rising over 9%, Baidu Group rising over 6%, and JD.com and Tencent Holdings both rising over 3%. AI big data model giants Zhipu and MiniMax also surged, with Zhipu rising over 13% and MiniMax rising nearly 12%. The semiconductor sector also rose, with Shanghai Fudan University up over 6%, and Huahong Grace and SMIC both rising over 3%. The lithium sector declined, with Tianqi Lithium falling over 8% and Ganfeng Lithium falling over 7%. (Cailian Press)

07-08 06:35

Large-scale model stocks in Hong Kong extended their gains, with MINIMAX and Zhipu rising over 16%.

Mars Finance reported on July 8th that MINIMAX-W (00100.HK) rose 17%, and Zhipu (02513.HK) rose 16%. In terms of news, Zhipu, a leading Hong Kong-listed large-scale model manufacturer, saw its first share lock-up period expire today, with several core institutional investors clearly choosing to continue their investment. (Science and Technology Treasure Broadcast)