HONG KONG, April 9, 2025 /PRNewswire/ — Finloop Finance Technology Holding Limited (“Finloop”), an AI-driven one-stop institutional wealth management platform incubated by Fosun Wealth Holdings under Fosun, announced that it has become one of the strategic enterprises of the Office for Attracting Strategic Enterprises (“OASES”) of the Government of Hong Kong Special Administrative Region. This…
Elon Musk‘s wealth dropped below $300 billion on Monday for the first time since last year, as the impacts of recent Tesla backlash and sweeping new tariffs collided. The richest man in the world was worth $298 billion as of market close Monday, according to the Bloomberg Billionaires Index. Since the beginning of the year,…
Elon Musk saw around $11 billion shaved off his wealth in the stock market bloodbath that followed President Donald Trump‘s unveiling of tariffs on Thursday, taking his overall losses since the beginning of 2025 to more than $110 billion. That is according to financial data compiled by Bloomberg, which monitors the wealth of the world’s…
Hong Kong authorities have warned the public over a scam that uses a deepfake video of the finance chief touting a new government investment opportunity, saying police have already launched an investigation. In the faked TV news clip, Financial Secretary Paul Chan Mo-po tells an interviewer about a rare opportunity available to investors who get…
“The stock market is not the economy” is a common refrain. The thinking goes that while losses in the stock market may hurt Wall Street investors, Main Street is the real backbone of the economy. While that may be true, stocks are an important psychological lever and there is a threshold for losses, beyond which…
HONG KONG SAR – Media OutReach Newswire – 28 March 2025 – The Wealth for Good in Hong Kong Summit (WGHK) which has brought to Hong Kong some 360 influential global family office principals, visionary leaders and industry pioneers concluded today (March 26). Themed “Hong Kong of the World, for the World”, the event demonstrated…
Canada’s biggest insurer Manulife Financial has appointed its chief actuary Steve Finch to head its Asian business, picking a company veteran to take charge of a region that is projected to become the group’s single most profitable market. Finch will bring more than three decades of industry experience to his new role as president and…
The world’s 500 richest people, led by Nvidia Corp. co-founder Jensen Huang, lost a combined $108 billion on Monday as a tech-led selloff tied to Chinese AI developer DeepSeek sent major indices plunging. Billionaires whose fortunes are linked to artificial intelligence were the biggest losers: Huang saw his fortune fall $20.1 billion, a 20% drop,…
Twelve years ago, investment banker Mike Sabel and Big Law partner Bob Pender walked away from their careers and made a bold bet on the then-nascent LNG industry. Driving door-to-door across Texas in a rented Chevy, they pitched investors on a plan to build natural gas export plants faster, cheaper and better than anyone else….
A luxury house at Bisney Crest in Pok Fu Lam of Hong Kong sold for nearly HK$204 million ($26 million), according to a sales document from the government website. The house spans 5,767 square feet (536 square meters), with four bedrooms and a private lift, according to the project’s sales brochure. Source link