
Hong Kong lists first bitcoin ETF in 2025 amid cryptocurrency bull run
LORRETTA CHEN
HONG KONG -- Hong Kong's licensed virtual asset manager Pando Finance on Friday listed its bitcoin exchange-traded fund (ETF) on the Hong Kong Stock Exchange's main board as regulatory support for cryptocurrencies pushes the sector's prices to fresh highs.
The Hong Kong dollar-denominated ETF -- which tracks the Bitcoin Reference Rate by Chicago's CME CF Cryptocurrency Benchmarks -- rose 2.3% in its debut.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Nikkei Asia
6 days ago
- Nikkei Asia
Hong Kong lists first bitcoin ETF in 2025 amid cryptocurrency bull run
Pando Finance's Hong Kong dollar-denominated ETF rose 2.3% on its debut in Hong Kong Stock Exchange on July 18. (Lorretta Chen) LORRETTA CHEN HONG KONG -- Hong Kong's licensed virtual asset manager Pando Finance on Friday listed its bitcoin exchange-traded fund (ETF) on the Hong Kong Stock Exchange's main board as regulatory support for cryptocurrencies pushes the sector's prices to fresh highs. The Hong Kong dollar-denominated ETF -- which tracks the Bitcoin Reference Rate by Chicago's CME CF Cryptocurrency Benchmarks -- rose 2.3% in its debut.


Nikkei Asia
16-07-2025
- Nikkei Asia
China's top lithium firms trim losses but warn of volatility
Jiangxi province-based Ganfeng Lithium is China's largest lithium producer. (Ganfeng Lithium company website) LORRETTA CHEN HONG KONG -- Two Chinese lithium producers have issued profit warnings for the first half on the Hong Kong Stock Exchange, but expect continued volatility in the sector amid tariff threats and intensifying price wars in China. Hong Kong-listed shares of Ganfeng Lithium and Tianqi Lithium fell sharply on Tuesday following the announcements and continued to trade lower on Wednesday. Ganfeng's shares dropped as much as 3.6% in midday trading.


Nikkei Asia
14-07-2025
- Nikkei Asia
Hong Kong banks tighten credit as bad property loans grow
As one of Hong Kong's most indebted developers, New World Development had to offer its prized assets, including the 11 Skies luxury airport shopping mall as collateral to secure $11 billion refinancing loans in June. LORRETTA CHEN HONG KONG -- More than five years ago, when New World Development asked banks in Hong Kong for a billion-dollar syndicated loan to fund the construction of a lavish shopping mall by the city's airport, banks had to fight for a share of the deal -- and they did not ask for collateral. For years, blue-chip Hong Kong property firms and the family dynasties behind them have obtained generous credit lines from banks without the need to provide collateral, in part thanks to their long-standing relationships, impeccable financials and the eagerness of banks to secure large deals. Until recently, interest rates were low and property prices were climbing rapidly.