ChainCatcher news, Hong Kong listed company Jingji Financial International announced the exploration of new business and investment opportunities to generate positive returns. An investment committee will be established effective December 15 to invest in cryptocurrencies. This committee will be responsible for reviewing appropriate transactions, investment strategies involving virtual assets (crypto assets), and the management of such assets, and will provide recommendations to the board of directors.Jingji Financial International stated that incorporating cryptocurrency investments into the group's asset allocation and green energy-oriented investment strategy in green energy and artificial intelligence will enhance the overall financial condition of the group.

ChainCatcher news, according to market data, Hong Kong stock Boya Interactive (00434.HK) has risen over 24.7%, currently priced at 6.21 HKD, reaching a new high since July 2015.

ChainCatcher news, according to the Hong Kong Economic Journal, China Merchants Yonglong Bank has officially launched trading services for virtual asset exchange-traded funds (ETFs) in the Hong Kong stock market, becoming one of the first Chinese-funded banks in the Hong Kong region to offer virtual asset ETF trading services.

ChainCatcher news, HashKey Jeffrey stated that since the U.S. interest rate cut, the global securities market has seen a glimmer of recovery. Following the A-share market, the Hong Kong stock market has also experienced a rare trading frenzy. According to today's closing data, the Hong Kong Hang Seng Index soared by 6.2%, with the technology index skyrocketing by 8.5%. Since September 11, the Hang Seng Index has almost risen in a straight line, currently reaching 22,448 points, approaching the 22,689 points set on January 27, 2023, marking the highest point in nearly 31 months.The trading volume in the Hong Kong stock market has exceeded one trillion for several consecutive days, with a massive influx of buy orders, leading to trading delays on the exchange's servers, a situation reminiscent of 2015. The significant price increase has strong support from trading volume, which is a clear bullish signal indicating that investors are flocking to join this trend reversal, suggesting that the turning point from bear to bull market may have arrived.What does this mean for the crypto market? Will the crypto market continue to be "bled dry," or will it see a widespread rally? Currently, the Hong Kong stock market is recovering first, and the mainland securities market is also rising due to policy reasons, but the U.S. stock market, Japanese stock market, and the cryptocurrency market have all seen declines in the past two days due to capital diversion. Historical data shows that the massive liquidity from U.S. interest rate cuts tends to lead to a general economic recovery, but funds will first flow into markets with higher returns. In the initial period, the effects of the interest rate cut may not have fully radiated, and countries may adopt certain policy measures to compete for liquidity; the current "bleeding" phenomenon may just be a manifestation of liquidity competition among different markets before the effects of the interest rate cut spread.

ChainCatcher news, Hong Kong stocks closed, the Hang Seng Index rose by 0.08%, and the Hang Seng Tech Index fell by 0.47%. (Jin Shi)

ChainCatcher news, according to Jinshi reports, the Hong Kong stock market cryptocurrency sector collectively opened lower, with Bosera Bitcoin (03008.HK) and Harvest Bitcoin (03439.HK) both down nearly 4%.

ChainCatcher news, according to a report by Interface News, Hong Kong's Secretary for Financial Services and the Treasury, Xu Zhengyu, stated in Shanghai that this year marks the 10th anniversary of the interconnection between the Hong Kong and mainland markets. Currently, there is a RMB counter for Hong Kong stocks, and 24 large-cap stocks can be traded in either HKD or RMB simultaneously. We are now closely consulting with mainland regulatory authorities to implement allowing mainland investors to directly use RMB to purchase RMB-denominated stocks listed in Hong Kong, connecting the RMB counter to the Hong Kong Stock Connect.