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Here's the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024. "However, much of their work has involved providing guidance to the industry through enforcement actions," continued Levin. Crypto market participants nevertheless hope that the spate of legal challenges brought to crypto companies in 2023 will bring clarity in the form of new regulations. The U.S.'s dominant role in global finance and its focus on consumer protection plays a crucial role in its leading position in crypto regulation enforcement. The region has been increasingly warming to crypto assets, despite a broader anti-crypto push from China, which banned bitcoin trading and mining in 2021.

Persons: Al Drago, Binance, Sam Bankman, Renato Mariotti, Mariotti, Richard Levin, Nelson Mullins Riley, Levin, ada, Changpeng Zhao, Damian Williams, Brian Armstrong, Armstrong, Alyse Killeen, Scarborough's Levin, FinCEN, Killeen, Diem, USDC, Braden Perry, it's, Kennyhertz Perry, Perry, Bafin Organizations: U.S . Securities, Exchange Commission, Bloomberg, Getty, Regulators, Securities and Exchange Commission, U.S, Alameda Research, U.S . Justice Department's Securities, Commodities, CNBC, Capitol, SEC, Futures Trading Commission, Department of Justice, Scarborough, CFTC, Protocol Labs, Southern, of, Stillmark, Meta, Visa, Mastercard, U.S ., European, IRS, European Union, EU, France's Financial Markets Authority, AMF, Treasury, Monetary Authority of, Three Arrows, Terra Labs, Terra, Hong Kong Securities, Futures Commission, SFC, OSL Locations: Washington, Europe, Asia, U.S, Alameda, of New York, European, Crypto, Ireland, Germany, France, Italy, Netherlands, Singapore, Dubai, Hong Kong, Monetary Authority of Singapore, China, East, Africa

☆ Tencent, NetEase shares rebound after China regulator's assurance on new online gaming rules
▼ + stars: | 2023-12-27 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

A mobile phone is displaying the screen of Tencent Games company's stock plunge in Suqian, Jiangsu Province, China, on December 22, 2023. Chinese online gaming stocks rose Wednesday, recovering some losses from the previous session after the country's top gaming regulator pledged to "further modify and improve" draft rules aimed at curbing excessive online gaming and spending. On Saturday, China's National Press and Publication Administration also vowed in a WeChat statement to "carefully study" the concerns of stakeholders — a day after fresh rules that it proposed sank the Hong Kong-listed shares of Tencent, NetEase and Bilibili. The regulator, which also controls the publication of new games in the world's largest online gaming market, then said Monday that it approved more than 100 new domestic games, after saying Friday that it approved 40 imported games. On Wednesday, NetEase shares surged as much as 14% in early trading as Hong Kong markets returned from the Christmas holidays.

Persons: Nomura, NetEase Organizations: China's National Press Locations: Suqian, Jiangsu Province, China, Hong Kong, Tencent

☆ Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings
▼ + stars: | 2023-12-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While not strictly an IPO, the listing was soon followed by Vietnamese tech unicorn VNG's filing to list on the Nasdaq. As local companies grow, "they are outgrowing the ability of those markets to provide the capital that they need," said Drew Bernstein, co-chairman of accounting firm MarcumAsia. Since the fallout over Didi in the summer of 2021, regulation and a tepid U.S. IPO market have stalled most Chinese listing plans. She said given the success of Southeast Asian ride-hailing company Grab , more Vietnamese companies are starting to look beyond the domestic market to regional business. George Chan, global IPO leader at EY, expects "a lot" of companies from Southeast Asia will reach the IPO stage in the next 12 to 18 months, and might also consider the Hong Kong exchange.

Persons: Scott Mlyn, VinFast, Johan Annell, VNG, Drew Bernstein, It's, Bernstein, who'd he'd, Didi, Gary Dvorchak, Blueshirt, Nguyen Nguyen, Vu Van, ELSA, Van, George Chan Organizations: New York Auto Show, CNBC BEIJING, U.S, Spade, Nasdaq, ARC Group, China -, Renaissance Capital, Investor, CNBC, World Bank, Southeast Asia — Locations: Asia, U.S, Vietnam, Beijing, Cayman Islands, Malaysia, China, China - U.S, Thailand, Indonesia, Singapore, Southeast Asia, Hong Kong

☆ Minnie Chan: Media groups raise concerns following report of ‘missing’ Hong Kong journalist in China
▼ + stars: | 2023-12-05 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Press freedom groups are voicing concern for veteran Hong Kong journalist Minnie Chan following a news report that she went missing after traveling to Beijing to cover a security forum in late October. The association, a trade union which advocates for press freedom, called for friends or relatives with information to get in touch. Chan is a highly regarded journalist in Hong Kong and among international audiences who closely follow China news. China ranks 179 out of 180 in the 2023 RSF World Press Freedom Index. It is the world’s largest captor of journalists and press freedom defenders with at least 121 detained, according to the organization.

Persons: Hong, Minnie Chan, “, Chan, ”, Cheng Lei, Haze Fan Organizations: Hong Kong CNN — Press, Protect Journalists, Kyodo, China Morning, Beijing ”, China’s Foreign, Hong Kong Journalists Association, Bloomberg News, China Locations: Hong Kong, Beijing, China, Hangzhou

☆ Thailand, Hong Kong launch cross-border QR payments
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: 1 min

[1/2] A woman wears a protective face mask as she looks at her mobile phone amid the outbreak of the coronavirus disease (COVID-19), in Bangkok, Thailand September 30, 2020. REUTERS/Soe Zeya Tun/File Photo Acquire Licensing RightsBANGKOK, Dec 4 (Reuters) - Thailand's central bank and the Hong Kong Monetary Authority on Monday launched a link for cross-border QR payments, they said in a joint statement. "Through this linkage, travellers from Thailand and Hong Kong will be able to make retail payments by using their mobile payment applications," they said. Reporting by Chayut SetboonsarngOur Standards: The Thomson Reuters Trust Principles.

Persons: Soe Zeya, Chayut Organizations: REUTERS, Rights, Hong Kong Monetary Authority, Monday, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, Hong Kong

☆ Agnes Chow: Hong Kong democracy activist reveals she has moved to Canada and plans to skip bail
▼ + stars: | 2023-12-04 | by ( Nectar Gan | ) edition.cnn.com time to read: +6 min

In her Instagram post, Chow said she decided to flee after “considering the situation in Hong Kong, my personal safety, my physical and mental health,” adding that she had faced sustained pressure from authorities. Chow said she received permission from Hong Kong authorities to pursue her master’s degree in Canada, on the condition that she returned to Hong Kong to report to police during school breaks. Chow was among the first pro-democracy leaders to be detained under the law in Hong Kong. In her Instagram post, Chow said she was admitted by a university in Toronto earlier this year. The Hong Kong police statement on Chow confirmed they had returned her passport to allow her to study overseas and prolonged her bail.

Persons: Kong’s, Agnes Chow, ”, . Chow, “, Chow, Chow’s, ’, Joshua Wong, Nathan Law, Demosisto, Wong, you’re, ” Chow Organizations: Hong Kong CNN, Hong, Police, Critics, The Hong Locations: Hong Kong, Canada, ., Hong, China, Beijing, United Kingdom, The, The Hong Kong, Toronto, Shenzhen

HONG KONG (AP) — A Hong Kong court will convene a hearing Monday on troubled Chinese property developer Evergrande’s plans for restructuring its more than $300 billion in debts and staving off liquidation. The company, the world’s most indebted property developer, ran into trouble when Chinese regulators cracked down on excessive borrowing in the real estate sector. The Hong Kong High Court has postponed the hearing over Evergrande’s potential liquidation several times. But others including Country Garden, China's largest real estate developer, have also run into trouble, their predicaments rippling through financial systems in and outside China. Police are investigating Zhongzhi Enterprise Group, a major shadow bank in China that has lent billions in yuan (dollars) to property developers, after it said it was insolvent with up to $64 billion in liabilities.

Persons: Hui Ka Yan, Linda Chan, Evergrande Organizations: Hong, Hong Kong High Court, Police, Zhongzhi Enterprise Group Locations: HONG KONG, Hong Kong, Beijing, China

Agnes Chow, 27 - a core member of a now-disbanded group of younger activists including Joshua Wong who helped drive Hong Kong's pro-democracy movement - said in posts on her Instagram account late on Sunday that she had left Hong Kong for studies in Canada. Their group, Demosisto, dissolved hours after Beijing passed a sweeping national security law in 2020. Beijing says the law has brought stability to Hong Kong after mass pro-democracy protests in 2019. There was no immediate response from the Hong Kong police. Chow was due to report to Hong Kong's security police later this month but decided not to return out of consideration for her personal safety and wellbeing.

Persons: Agnes Chow, Tyrone Siu, Hong, Joshua Wong, Chow, Jimmy Lai, hadn't, Chow couldn't, David Holmes Organizations: REUTERS, Hong, Reuters, Hong Kong, Thomson Locations: Hong Kong, China, HONG KONG, Canada, Beijing, Toronto, Shenzhen, Hong

☆ Evergrande creditor group supports maintaining operations, not bankruptcy-SCMP
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +2 min

A partially removed company logo of China Evergrande Group is seen on the facade of its headquarters in Shenzhen, Guangdong province, China January 10, 2022. REUTERS/David Kirton/File Photo Acquire Licensing RightsHONG KONG, Dec 2 (Reuters) - A key offshore creditor group of China Evergrande Group (3333.HK) supports keeping the developer operating, the South China Morning Post (SCMP) reported ahead of a court hearing on Monday that could decide to liquidate the indebted firm. Evergrande, the world's most indebted property developer, and the advisers to the creditor group did not immediately respond to requests for comment. Evergrande has until the Hong Kong court hearing on Monday to present a "concrete" revised debt restructuring proposal for offshore creditors, a judge said last month after its original plan had lapsed. The creditors group responded by demanding a controlling equity stake in Evergrande and the two Hong Kong subsidiaries, a source familiar with the matter said on Friday.

Persons: David Kirton, Evergrande, Clare Jim, William Mallard Organizations: China Evergrande, REUTERS, HK, China Morning, Hengda, Kirkland &, Reuters, Hong, Thomson Locations: Shenzhen, Guangdong province, China, HONG KONG, Kirkland & Ellis, Hengda, Hong Kong, Evergrande

☆ Kevin Hart shares his No. 1 'secret weapon' for career success—it's great advice, experts say
▼ + stars: | 2023-12-01 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

In addition to his comedy, actor Kevin Hart owns a plant-based restaurant chain, a tequila brand and an entertainment and production company called HartBeat. The single thread between them all, and the "secret weapon" to his success, the 44-year-old said in a recently published MasterClass course: the power of humor. "Humor has acted like the master key to every door that I've [gone] through," said Hart. In much tougher moments, humor is equally valuable, Hart noted. Making people genuinely laugh boosts their output by up to 12%, found a 2015 study that Sgroi co-authored.

Persons: Kevin Hart, Hart, you've, Daniel Sgroi, Warren Buffett Organizations: University of Warwick, CNBC, The University of Pennsylvania, Hong Kong University of Science, Technology

☆ Louis Vuitton stages dramatic runway show in Hong Kong
▼ + stars: | 2023-11-30 | by ( Stephy Chung | Oscar Holland | ) edition.cnn.com time to read: +8 min

Many of the looks were completed with naval accessories, like raffia bucket hats and Louis Vuitton Keepall 25 bag hand-embrodiered with seashells. Musician Ma Siwei and actor Dylan Wang at the Louis Vuitton Men's fashion show in Hong Kong, China. Louis Vuitton opened its first boutique in Hong Kong in 1979. Many of the looks were completed with naval accessories, like raffia bucket hats and Louis Vuitton Keepall 25 bag hand-embrodiered with seashells. “I definitely knew I wanted Hong Kong to be my second stop after Paris,” he said of his Louis Vuitton show schedule.

Persons: Hong Kong CNN — Louis Vuitton’s, Pharrell Williams, Pont, Hong, Anson Lo, Song, ”, Williams, ” —, —, Louis Vuitton, Ma Siwei, Dylan Wang, Billy H.C, Kwok, Virgil Abloh, Louise Delmotte, “, Louis Vuitton’s, junkboat, Dior, Louis Vuitton's, Lam Yik, Tyrone Siu, Reuters Louis Vuitton’s, Lorraine Schwartz, it’s, ” Williams, “ You’re Organizations: Hong Kong CNN, Hollywood, CNN, Louis, Paris, Vuitton, National Security Law, Hong Kong Tourism Board, ”, Bloomberg, Getty, K11 Group, Stars, Victoria, Reuters, Reuters Louis Vuitton’s womenswear Locations: Hong Kong, Asia, Hong, Victoria Harbour, American, Paris, Hawaii, China, Victoria Dockside, Huangpu, Shanghai, South Korea

The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. The defaulted company has until a Hong Kong court hearing on Monday to present a "concrete" revised debt restructuring proposal for offshore creditors, a judge said last month after its original plan had lapsed. Guangzhou-based Evergrande, which defaulted on its offshore debt in late 2021, did not respond to a request for comment. Chinese authorities have announced a string of measures to revive the sector destabilised by the debt woes of giants like Evergrande and Country Garden (2007.HK). Reporting by Clare Jim and Xie Yu in Hong Kong, Scott Murdoch in Sydney; Editing by Sumeet Chatterjee and William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Evergrande, Hui Ka Yan, Alvarez, Marsal, Clare Jim, Xie Yu, Scott Murdoch, Sumeet Chatterjee, William Mallard Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, Hong Kong, Court, Reuters, Hong, Evergrande, Services, New Energy Vehicle Group, Marsal, Thomson Locations: China, Shenzhen, Guangdong province, HONG KONG, Hong Kong, China's, Guangzhou, Evergrande, Sydney

☆ Asia's first ETF tracking Saudi equities debuts in Hong Kong
▼ + stars: | 2023-11-29 | by ( Xie Yu | ) www.reuters.com time to read: +3 min

Bull statues in front of screens showing Hong Kong stock prices outside Exchange Square, in Hong Kong, China, August 18, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsHONG KONG, Nov 29 (Reuters) - A new exchange-traded fund (ETF) tracking Saudi equities made its trading debut in Hong Kong on Wednesday, becoming the first product of its kind in Asia amid warming bilateral relations between China and Saudi Arabia. The ETF, called CSOP Saudi Arabia ETF (2830.HK), is managed by Hong Kong-based CSOP Asset Management. "Today is a milestone in our financial cooperation with Saudi Arabia," said Hong Kong Financial Secretary Paul Chan at a launch event. Through the ETF, investors in Hong Kong will be able to trade Saudi stocks including the oil giant Saudi Aramco (2222.SE) and the Saudi National Bank (1180.SE) in Hong Kong dollars or Chinese yuan.

Persons: Tyrone Siu, CSOP, Paul Chan, Yazeed, Humied, PIF, Xie Yu, Sumeet Chatterjee, Christopher Cushing Organizations: REUTERS, Saudi, Saudi Arabia ETF, HK, Management, Public Investment Fund, Hong, Hong Kong Financial, FTSE, Saudi Aramco, Saudi National Bank, Reuters, Hong Kong Stock Exchange, bourse, ETF, People's Bank of China, Saudi Central Bank, Thomson Locations: Hong Kong, Exchange, China, HONG KONG, Asia, Saudi Arabia, Saudi, FTSE Saudi Arabia, Europe, East, Africa, Beijing, Riyadh

☆ Hong Kong’s pro-democracy leaders to give final defense as landmark national security trial nears an end
▼ + stars: | 2023-11-29 | by ( Chris Lau | Nectar Gan | ) edition.cnn.com time to read: +9 min

Those on trial say that plan was simply part of the pluralistic, oppositional politics that has long been permitted in Hong Kong. The Hong Kong government has repeatedly denied the national security law is suppressing freedoms. They hail from multiple generations and a wide political spectrum - from moderate democrats to those who advocate for Hong Kong’s self-determination. Known as “Grandma Wong,” the 67-year-old had been a fixture of Hong Kong’s pro-democracy protests. No national security cases in the city have been heard in front of a jury.

Persons: Hong, ”, Joshua Wong, Benny Tai, Claudia Mo, Alexandra Wong, Grandma Wong, Hong Kong’s, ” Alexandra Wong, Noemi Cassanelli, Gwyneth Ho, Leung Kwok, ISAAC LAWRENCE, John Lee, ” Lee, –, “ Organizations: Hong Kong CNN, Prosecutors, Hong, Kowloon Court, CNN, Getty, Communist Party, city’s, Hong Kong’s Legislative Locations: Hong Kong, Beijing, Hong, Kowloon, Britain, China, AFP, Hong Kong’s

Another two Thai workers were set free on Tuesday, bringing the total released to 23. He said they remain in contact with him and send him updates about the release of hostages even before the news breaks. The Thai foreign ministry said three Thais were being treated for wounds in hospital. On Wednesday night, four additional Thai hostages were released. Israel says Hamas killed 1,200 people and took about 240 hostages back to Gaza on Oct. 7.

Persons: Parnpree Bahiddha, Nukara, Thais, Parnpree, Lerpong Syed, Israel, Juarawee Kittisilpa, Howard Goller, Sandra Maler, Stephen Coates Organizations: Thai Foreign, Shamir Medical Center, Hamas, Iran, Reuters, Thomson Locations: TEL AVIV, Israel, Thailand, Palestinian, Gaza, Thai

☆ Cathay favouring Airbus for widely watched freighter deal - sources
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

Nov 27 (Reuters) - Cathay Pacific Airways Ltd (0293.HK) is leaning towards placing an order for around six Airbus (AIR.PA) A350 freighters as the Hong Kong carrier renews the oldest section of its fleet of dedicated 747 cargo jets, industry sources said. Airbus and Boeing had no immediate comment. Industry sources have said the competition pointed to an initial purchase of around half a dozen aircraft, worth some $2 billion at list prices before traditional airline discounts. Cathay Pacific told analysts in August it was looking at freighters and "continuing to study various opportunities". On Friday, it told analysts cargo demand had softened but was "still much higher than pre-pandemic times".

Persons: Tim Hepher, Valerie Insinna, Lincoln Organizations: Cathay Pacific Airways Ltd, Airbus, Hong Kong, Cathay, Boeing, Qatar Airways, Emirates, FedEx, UPS, International Air Transport Association . Industry, Cathay Pacific, Thomson Locations: HK, Hong, Cathay Pacific

☆ Chinese social media mourns Charlie Munger, who said BYD was his best investment
▼ + stars: | 2023-11-28 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Chinese social media users are mourning the death of billionaire investor Charlie Munger. The vice chairman of Berkshire Hathaway passed away “peacefully” on Tuesday morning in a California hospital, according to a press release by the investment firm. According to a recent filing by Berkshire Hathaway to the Hong Kong stock exchange, the firm held about 7.98% of BYD by late October. Berkshire Hathaway has sold more than 137 million shares of BYD since the middle of 2022, according to its previous statements. He praised the country despite its crackdown on Chinese tech giant Alibaba, which was a top Munger investment at Daily Journal, a Los Angeles-based newspaper publisher and investment firm Munger headed from 1977 through 2022.

Persons: Charlie Munger, Berkshire Hathaway, “, ”, Warren Buffett, Tim Cook, Munger, Tesla, “ Munger, ” Stella Li, Hathaway, ” Munger, Wang Chuanfu Organizations: Hong Kong CNN, Berkshire, Apple, BYD, Hong Kong, Tesla, Elon, Daily Journal Locations: Hong Kong, ”, California, China, Weibo, American, BYD Americas, Berkshire, BYD, Tesla, Munger, Los Angeles

Tokyo and Hong Kong fell while Shanghai, Seoul and Sydney gained. U.S. futures and oil prices edged higher. Meanwhile, the broader economy has remained strong enough in the face of rising interest rates and inflation to avoid a recession. The Hang Seng in Hong Kong slipped 0.8% to 17,381.14. The yield on the 10-year Treasury, which influences interest rates on mortgages and other loans, fell to 4.38% from 4.47% late Friday.

Persons: ” Robert Carnell, Min Joo Kang, Sensetime, Grizzly, Kospi, Australia's Organizations: Sydney, Conference, FactSet, Federal, Federal Reserve, U.S, ING Economics, Nikkei, Grizzly Research, Hong Kong Stock Exchange, Dow Jones, Nasdaq, Treasury, New York Mercantile Exchange, Brent, Investors, U.S . Locations: BANGKOK, Asia, Tokyo, Hong Kong, Shanghai, Seoul, China

A woman picks a gold earring at a jewellery shop in the old quarters of Delhi, India, May 24, 2023. While India's gold demand has been solid so far in 2023, matching strength in the domestic economy, it appears that some momentum may be coming out of the market. The high price of gold for consumers in China may further crimp demand in the fourth quarter, after the World Gold Council reported a decline in third. The recent price rally is likely to trim demand growth in India in the current quarter. But countering the positive drivers are signs that high prices are undermining demand growth in the key markets of China and India.

Persons: Anushree, they're, Hong Kong, Sonali Paul Organizations: REUTERS, Rights, U.S . Federal Reserve, Hong, Hong Kong Census, Statistics Department, Gold, Reuters, Thomson Locations: Delhi, India, Rights LAUNCESTON, Australia, China, Hong Kong, Hong, Central

One Russian banking source close to the Russian central bank said receiving revenue in a non-convertible currency with little value outside India was "pointless". They said, however, the problem remained of finding a viable alternative to the dollar, and that the problems affect buyers in Africa, China and Turkey which have become top buyers of Russian oil. The biggest issue, however, concerns India, which has been buying more than 60% of Russian seaborne oil, according to LSEG data and Reuters calculations. India's top refiner Indian Oil Corp (IOC.NS) is struggling to settle some payments, mainly for the purchase of Russia's light, sweet Sokol grade from the Sakhalin 1 project. From October, several UAE banks have tightened control over Russia-focused clients to ensure compliance with the price cap, according to five oil trading and bank sources.

Persons: Yang Mei Hu, Tatiana Meel, Ivan Nosov, Sokol, YUAN, Barbara Lewis Organizations: COSCO Shipping, REUTERS, U.S ., UAE, Reuters, Indian Oil Corp, Sokol, IOC, UAE dirhams, Thomson Locations: Nakhodka, Russia, Ukraine Russian, MOSCOW, DELHI, Ukraine, India, Russian, Hong, Africa, China, Turkey, Washington, Moscow, United States, Russia's, Sakhalin, UAE

☆ Portfolio manager explains why he has the ‘most conviction’ in this China tech stock
▼ + stars: | 2023-11-27 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

One tech giant, however, stands out to portfolio manager Brian Arcese: e-commerce player JD.com . JD.com "is on a 10% free cash flow yield [and is] continuing to grow earnings," Arcese, a portfolio manager at Foord Asset Management, told CNBC Pro Talks on Nov. 21. Around 10% of Foord Asset Management's multi-asset portfolio is currently invested in China. Additionally, some 25% of its global equity portfolio is invested in China for 2024, which Arcese notes is "massive relative to the benchmark" — which only has a 2.5% exposure to China. Meanwhile, 47 analysts have coverage of the JD.com Nasdaq-listed stock, according to FactSet.

Persons: Brian Arcese, Arcese Organizations: Baidu, JD.com, Foord Asset Management, CNBC, Nasdaq, JD, HK, Hong Kong Locations: Singapore, China, U.S, JD.com, Hong Kong

A man looks at an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar and Nikkei share average outside a brokerage in Tokyo, Japan October 4, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsNov 28 (Reuters) - A look at the day ahead in Asian markets. Volatility across major asset classes is low - implied volatility on Wall Street is at its lowest in almost four years, global currency implied vol is the lowest since early last year, and U.S. bond vol is at a two-month low. China's markets, especially, have lagged, although Japanese stocks have outperformed thanks to the weak yen and a historic loosening of wider financial conditions. The Aussie on Monday rose above $0.66 for the first time since Aug. 10 and was one of the biggest winners among major currencies along with the Japanese yen and New Zealand dollar.

Persons: Issei Kato, Goldman Sachs, Michele Bullock, Bullock, Philip Lowe, Bullock's, Fed's Waller, Bowman, Goolsbee, Barr, Jamie McGeever Organizations: U.S ., Nikkei, REUTERS, Reserve Bank of Australia, Hong Kong Monetary Authority, Bank for International, New Zealand, Bank of, RBA, Thomson, Reuters Locations: Tokyo, Japan, U.S, Asia, Hong Kong, Bank of Japan, Australia

☆ Jack Ma backs off on plans to sell Alibaba shares after stock plunge
▼ + stars: | 2023-11-23 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Jack Ma has put off plans to sell hundreds of millions of dollars worth of Alibaba shares after the Chinese tech giant’s stock plummeted last week. Two regulatory filings from last Thursday revealed that Ma had been looking to offload 10 million shares, worth nearly $871 million. Ma believes that the Hangzhou-based firm’s stock “is currently significantly lower than Alibaba’s actual value, and he will not sell it,” she said. Alibaba co-founder Jack Ma. Since then, the entrepreneur has kept a relatively low profile while remaining an Alibaba shareholder.

Persons: Jack Ma, Ma, Jane Jiang Fang, Alibaba, Alibaba’s, Jiang, ”, Joe Tsai, Henri Szwarc, Ma’s Organizations: Hong Kong CNN, CNN, JC Properties, JSP Investment, Abaca, South China Morning Post, Hong Kong, Alibaba Locations: China, Hong Kong, Alibaba, New York, Hangzhou

☆ Crypto scam: Inside the billion-dollar ‘pig-butchering’ industry
▼ + stars: | 2023-11-23 | by ( Reuters Graphic | ) www.reuters.com time to read: +11 min

Of that, at least $9.1 million came from a crypto wallet that U.S. blockchain analysis firm TRM Labs said was linked to pig-butchering scams. Neither did the Thai government, the Thai police or the Bangkok-based trade group Wang represented, the Thai-Asia Economic Exchange Trade Association. The crypto account registered to Wang was held at Binance, the world’s largest crypto exchange, according to three blockchain analysis firms. In April, the U.S. Department of Justice said it seized about $112 million worth of crypto linked to pig-butchering scams, without identifying suspects. The crypto account in Wang’s name was registered in November 2020, according to the financial records Reuters reviewed.

Persons: Wang Yicheng, Wang, Emma, Lisa Wolk, Erin West, Jessica Jung, West, “ I’ve, Jeremy Douglas, Binance, Bitmain, ” Organizations: Thai, Reuters, TRM Labs, Asia Economic Exchange Trade Association, U.S . Federal Bureau of Investigation, Secret Service, FBI, Secret, Global, U.S . Department of Justice, U.S . Treasury, United Nations Office, Drugs, Workers, KK Park, Commerce Company, Cultural Exchange Center, Overseas, United, Washington, Cultural Exchange Locations: California, Bangkok, Thai, Asia, Southeast Asia, U.S, Binance, United States, Thailand, China, Myanmar, KK, Ningbo, China’s, Xiamen

HONG KONG (AP) — Hong Kong Disneyland opened its first Frozen-themed attraction on Monday, with thousands of eager visitors turning up to experience the new rides, some lining up for hours to get an early start. Now that Chinese tourists are venturing abroad again after the pandemic, the pandemic, the new attraction is meant to be a game changer for a theme park that has run losses for years. Some of the hundreds of Disney fans who lined up hours ahead of time were dressed like characters from Frozen. “The World of Frozen is really well-designed and beautiful,” said Darmanic, whose family was making its first visit to the Hong Kong theme park. Hong Kong has been beefing up the park to try and draw more visitors.

Persons: ”, Josh D’Amaro, Bryan Darmanic, Darmanic, Winnie Ip, ” Ip Organizations: Hong Kong Disneyland, Disney, Tokyo DisneySea, Paris Locations: HONG KONG, Hong Kong, California, Macao, Shanghai, Tokyo, Arendelle

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