Hong Kong’s key interbank borrowing cost slumped following foreign-exchange intervention by the city’s authorities, fueling bearish bets against the local dollar.

The dollar extended its losing streak on Tuesday, dragged down by the Federal Reserve’s caution on the US economy and renewed focus on possible FX talks

Goheal has pointed out in many cases: In the acquisition battlefield in Hong Kong, the losers are often not those who have no money, but those who do not understand the rules. In this process, the "invisible mines" of taxation and law are more frightening than market value fluctuations.

HONG KONG (AP) — Global shares fell Monday and U.S. futures and the dollar also weakened after Moody’s Ratings downgraded the sovereign credit rating for the United States because of its failure to stem a rising tide of debt.

Twelve people have been arrested in Hong Kong and China for their roles in a money laundering operation that moved $15M through crypto.

Also in today’s newsletter, Joe Biden diagnosed with prostate cancer, and pro-EU centrist wins Romanian presidency

Hong Kong billionaire Joseph Lau is set to auction a wine collection valued at over HK$35 million (US$5.8 million) with over 200 lots of premium wines.

Standard Chartered's Huen sees opportunities in financial services and technology as Qatar seeks to diversify from oil and gas Hong Kong can become a link for cross-border capital flows between Qatar and China,