WUHAN, China, Sept. 11, 2025 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced that the redomiciliation merger to redomicile the Company as a Cayman Islands company (the “Redomiciliation Merger”) has been completed. Pursuant to the Redomiciliation Merger, each outstanding…
Yunfeng Financial Group, backed by Alibaba Group Holding founder Jack Ma, said it was investing in the cryptocurrency ether as part of its reserve assets, as the company expands into Web3 amid Hong Kong’s digital asset initiative. To date, Hong Kong-listed Yunfeng has invested US$44 million to acquire 10,000 ether for its “strategic reserve”, according…
The main talking point for Hui, the Secretary for Financial Services and the Treasury, has been a new law, enacted in May, that sought to make it easier for overseas companies to reincorporate in the city. Just a few days after the law came into force, Hui flew to Canada to meet senior executives from…
A Hong Kong lawmaker urged global investors to maintain confidence in the city’s Web3 industry after cryptocurrency mogul Justin Sun denounced alleged “loopholes” in local financial regulations. Hong Kong had “a legal basis and a healthy environment” to protect international investors and the city’s Web3 sector, Legislative Council member Johnny Ng Kit-chong wrote on Thursday…
A Hong Kong lawmaker urged global investors to maintain confidence in the city’s Web3 industry after cryptocurrency mogul Justin Sun denounced alleged “loopholes” in local financial regulations. Hong Kong had “a legal basis and a healthy environment” to protect international investors and the city’s Web3 sector, Legislative Council member Johnny Ng Kit-chong wrote on Thursday…
A large 7.6-magnitude earthquake struck the Caribbean on Saturday night, triggering a tsunami threat as far away as Puerto Rico and the U.S. Virgin Islands. The quake struck 209 kilometers (about 130 miles) south-southwest of Georgetown, Cayman Islands, at 6:23 local time, according to the U.S. Geological Survey. This is a developing story. Check back…
Brazilian financial-technology company Nu Holdings Ltd. is considering plans to shift its legal base to the UK, in a move that would mark a major win in Britain’s push to encourage more tech companies to move to the country. The digital challenger bank has been working with the British government on the plans, which were…