Category: Korea

Apr 29 2024

Bitcoin ETF bandwagon heads to Australia after US$53 billion haul in US

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AUSTRALIA is set for a wave of Bitcoin exchange-traded fund (ETF) launches, following in the footsteps of the US and Hong Kong, as issuers such as Van Eck Associates and...

Apr 28 2024

Hong Kong, Korea, Mainland, Stocks

Chinese cornerstone investors are new pillars of Hong Kong IPOs and it’s not all good news

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Chinese local government entities have carried the mantle of cornerstone investors in first-time stock offerings in Hong Kong in the past two years as foreign investors shun deals. Their outsize...

Apr 28 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong treasury chief tells UK minister BN(O) passports invalid as proof of identity in bid to sort out pensions confusion

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Treasury chief Christopher Hui seeks to clear up confusion over whether residents on UK citizenship pathway can withdraw pensions at meeting with visiting British minister.

Apr 27 2024

Hong Kong, Korea, Mainland, Stocks

Phoenix Energy confirms sale to Hong Kong billionaire

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The chief executive of Phoenix Energy, Northern Ireland’s largest gas distributor, has hailed its new owners for their investment in the economy here.

Apr 27 2024

Hong Kong, Korea, Mainland, Stocks

Phoenix Energy sold to Hong Kong billionaire

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Phoenix Energy is being sold to a consortium associated with one of Hong Kong’s wealthiest businessmen. Phoenix owns and operates the largest natural gas distribution network in Northern Ireland, …

Apr 26 2024

Hong Kong, Korea, Mainland, Stocks

UPDATE 2-Hong Kong’s

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April 25 – A consortium of Hong Kong’s CK Infrastructure, CK Asset, and Power Assets will acquire a Northern Ireland gas distribution network operator, Phoenix Energy, for an enterprise value...

Apr 26 2024

Hong Kong, Korea, Mainland, Stocks

Investor group says Japanese firms’ strategic shareholdings ‘should be in principle zero’

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Japanese firms should reduce their “strategic shareholdings” to improve resource allocation, which is key to Japan’s economic revival, the Asian Corporate Governance Association (ACGA) said.

Apr 20 2024

Hong Kong, Korea, Mainland, Stocks

HKIA takes action against ethical breach by agent

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This is the 7th case the HKIA reprimanded an insurance practitioner. Hong Kong’s Insurance Authority (HKIA) has taken disciplinary action against Chiu Kin Fung Jacky, an individual insurance agent and...

Apr 18 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong insurance agent suspended for forgery and impersonation

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The Hong Kong Insurance Authority (IA) has issued a 10-month suspension of Chiu Kin Fung Jacky’s license as an insurance agent and mandatory provident fund (MPF) intermediary. This decision comes...

Apr 14 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF posts first positive financial year return since 2020/21

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The MPF’s return for the 12 months to March was 1.93%. Its last positive return was in the financial year ended March 2021. The retirement scheme had around HK$1.18 trillion...