Caproasia https://validator.w3.org/feed/docs/rss2.html Hong Kong Tai Po Wang Fuk Court Fire (26/11/25) with 168 People Dead: Hong Kong Independent Committee Hearing – 1) Fire Likely Caused by Improperly Disposed Lit Cigarette, 2) Fire Alarm & Hose Systems Switched Off for Renovations, 3) Foam Boards Placed Over Windows Blocked Residents View of Fire & Smoke, 4) Building Contractors Used Non-Fire-Retardant Nets on Exterior of Building, 5) Contractors Failed to Stop Workers from Smoking, Dispose Combustible Construction Waste, Compromised Main Escape Route, Staircase Windows Removed to Allow Workers Easy Access Resulted in Smoke & Fire Spreading Faster, 6) Residents Had Filed Complaints to Hong Kong Government Departments Prior to Fire, 7) Main Contractor (Prestige Construction & Engineering) & Consultancy (Will Power Architects Company) Cut Corners in Work & Materials for $38 Million (HKD 300 Million) Renovation Contract Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest China Corruption: Ex-President of China Development Bank (CDB) Ouyang Weimin Investigated for Corruption, Head of China Shenzhen United Front Work Department Wang Qiang Surrenders for Corruption Liechtenstein $487 Billion LGT Private Bank Hires UBS Greater China Global Family Office & Institutional Wealth Executive Director David Wang as Managing Director Based in Singapore, 14 Years Private Banking & Financial Industry Experience at UBS, Bank of Singapore & UOB Hong Kong $17 Billion Private Equity Firm Primavera Capital Group to Sell Stakes in TikTok Parent ByteDance at $600 Billion Valuation & Ant Group at $120 Billion Valuation to Continuation Fund, Primavera Capital Group Founded in 2010 by ex-Goldman Sachs Senior Executives Fred Hu (Ex-Goldman Sachs Greater China Chairman), Kenneth Wong, William Wong & Haitao Zhai Standard Chartered Bank Newly-Hired Citigroup Co-Head of Investment Banking APAC Jan Metzger Starts Role in Corporate & Investment Banking (CIB) as Global Head of Coverage Banking Based in Hong Kong, 26 Years Investment Banking Experience at Citigroup, Credit Suisse & Deutsche Bank and Held Senior Roles Including as Head of Investment Banking (Japan, Asia North & Australia, Asia South), Head APAC Corporate & Investment Banking, Global Co-Head Technology Investment Banking & Head of TMT Investment Banking APAC UOB Private Bank Hires HSBC 17-Year Veteran & Bank of China Private Banking Market Head Judy Chan as Managing Director Based in Hong Kong, 26 Years Corporate Banking, Private Banking & Financial Industry Experience at Citigroup, HSBC & Bank of China List of Regional Private Banks in Hong Kong in 2026 China $161 Billion Communications Equipment Giant Zhongji Innolight Hong Kong Secondary Listing IPO to Raise $8 Billion with Earliest IPO Listing in 2026 July, Founded in 1987 as Shandong Zhongji Electrical Equipment by Wang Weixiu (Acquired InnoLight Technology in 2017, Founded in 2008 by Liu Sheng), Current Market Value at $195 Billion, Share Price +60% YTD, +430% Last 12 Months & +3,950% Last 5 Years United States $40 Billion Market Prediction Trading Platform Kalshi Acquired 3 Million Users During 39-Day FIFA 2026 World Cup Tournament (11/6/26 to 19/7/26) with $1.2 Billion Contracts on Predicting World Cup Winner, Spain Won the FIFA 2026 World Cup after Beating Argentina in the Finals (1-0) on 19th July 2026 FIFA 2026 World Cup Winner Spain Earns $51 Million for Winning World Cup, 2nd Place Argentina $34 Million, 3rd Place England $30 Million & 4th Place France $28 Million, 48 Teams in 2026 World Cup Earn at Least $10 Million South Korea Financial Supervisory Service (FSC) Reports Margin Calls on 1.2 Million Retail Investor Brokerage Accounts in 2026 July (13/7/26), 340,000 Accounts Reported to Trigger Full Liquidation of Positions, South Korea Major Stock Index KOSPI -25.2% Last 1 Month, +58.3% YTD, +112.4% Last 12 Months & +109.6% Last 5 Years South Korea to Allow Foreign Investors to Transact South Korean Won (KRW) via Registered Foreign Entities in 2027 Without Restrictions (Exclude Domestic Real Estate Transactions) with Pilot Program to Start in 2026 September, South Korea Launched 24-Hour Currency Trading in 2026 July (6/7/26), New Rules for Offshore Transactions by 2026 September, Target Upgrade to Developed Market Status (MSCI Criteria) Singapore Government Reviewing Preferential Tax for Hedge Funds after Hong Kong Government Proposed Preferential Tax for Privately Offered Funds, Family-Owned Investment Holding Vehicles Managed by Eligible Single Family Offices & Carried Interest to Attract More Funds & Family Offices to Setup in Hong Kong Top 10 Largest Family Office in the World in 2026 Nvidia Billionaire Founder & CEO Jensen Huang (Age 63) with $170 Billion Fortune Signed Tom Ford Leather Jacket Sold at Sotheby’s Auction (17/7/26) for $960,000 with Proceeds to be Donated to Non-Profit Innovation Group Edge Institute, Jensen Huang Wore Jacket at Foxconn Event in Taiwan in 2023 Italy Police Raided Offices of Luxury Brands Including Bulgari (Parent France $282 Billion Luxury Giant LVMH) & France Luxury Group Chanel for Labour Abuse & Exploitation With Subcontractors Using China Workers Futu Online Investment & Trading Platform Moomoo Singapore Reports 1) Growth in Retail, Private Wealth & Institutional Business with Private Wealth AUM +158% (YoY) & 40 External Asset Managers (EAMs) on Platform, 2) Hired ex-OCBC Securities Head Products Group Elgin Ting as Head of Private Wealth and Institutional Businesses and 3) Held Flagship MooFest 2026 in Singapore (18/7/26) at Marina Bay Sands Convention Featuring Speakers from Singapore Exchange (SGX), Hong Kong Exchange (HKEX), Nasdaq, CME Group, BlackRock, JP Morgan Asset Management, State Street Investment Management, Lion Global Investors, Fullerton Fund Management, Amova Asset Management, CSOP Asset Management, Direxion, Societe Generale, Xtrackers (DWS) & Prudential Italy Largest Telco Company Telecom Italia Board Supports $12.5 Billion (€10.8 Billion) Buyout Offer from Italy $36 Billion National Postal Service Company Poste in Cash & Share Deal Representing +9.01% Premium to Closing Price (27/3/26), Poste Italiane is Largest Shareholder of Telecom Italia with 20% Stake China $30 Billion AI Startup Moonshot AI Plans Hong Kong IPO in 2026 Q4 or 2027 Q1, Currently Raising $2 Billion at $30 Billion Valuation, Founded in 2023 by Yang Zhilin, Investors Include Alibaba, Tencent & IDG Capital