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CSPC Pharmaceutical Group (01093.HK): Net profit of RMB 3.88 billion, compared with an estimated RMB 4.87 billion, a year-on-year decrease of 10.3%.CSPC Pharmaceutical Group (01093.HK): Full-year revenue for 2025 is expected to be RMB 26.01 billion, with an estimated RMB 27.82 billion.March 25th - Overnight, the three major US stock indices fluctuated and adjusted, while the China Golden Dragon Index fell slightly. Hong Kong stocks continued yesterdays upward trend, with the Hang Seng Index rising over 300 points at one point, driven by strong performance from blue-chip stocks. The Hang Seng Index opened 216 points higher at 25280, filling all the gaps from Mondays decline and rising above its annual moving average. The market rallied strongly in the early session, rising as much as 326 points to a high of 25390, but selling pressure increased subsequently, and gains narrowed significantly near midday. By midday close, the Hang Seng Index was up slightly by 0.04% in the morning session, while the Hang Seng Tech Index closed down 0.48%, with a total turnover of HK$151.29 billion. On the sector front, optical communication, electronic components, and green electricity concept stocks led the gains, while film and television and agricultural stocks rebounded, and precious metals and non-alcoholic beverage stocks continued yesterdays strong performance. New consumption concept stocks fluctuated and retreated, while gaming and auto stocks fell sharply, oil and gas production and coal stocks corrected, and tech stocks were weak. In terms of individual stocks, Nongfu Spring (09633.HK) rose 8.7%, WH Group (00288.HK) rose 5.5%, and Techtronic Industries (00669.HK) rose more than 4%; Haidilao (06862.HK) fell more than 10%, and CNOOC (00883.HK) and Xiaomi Group (01810.HK) both fell more than 3%.March 25th - According to data released by Japans Ministry of Health, Labour and Welfare on Tuesday, the average monthly salary for full-time employees in Japan is projected to reach 340,600 yen in 2025, marking a record high for the fourth consecutive year. This figure excludes overtime pay and other additional compensation, and represents a 3.1% increase compared to 2024. This also marks the second consecutive year that the growth rate has remained around 3%.The yield on Japans 20-year government bonds fell 2.5 basis points to 3.110%.

New FTX chief says bankrupt crypto exchange could restart

Skylar Shaw

Jan 20, 2023 11:43

According to Chief Executive Officer John Ray, the bankrupt cryptocurrency exchange FTX is considering ways to resurrect its operations. He made the announcement to the Wall Street Journal on Thursday.


According to Ray, who took over the company's leadership in November, a task group has been established to look at reviving FTX.com, the organization's primary international exchange.


The CEO also said in an interview with the Journal that he would research if resurrecting FTX's international exchange would generate more value for the company's clients than his team could get by simply selling the platform or liquidating its assets.


Following the news, FTT, the native token of FTX, increased by around 30%.


I'm relieved Mr. Ray is now only pledging to restart the exchange after months of blocking such attempts! Sam Bankman-Fried, the founder and former CEO of FTX, said in a tweet.


Bankman-Fried said, "I'm still waiting for him to eventually acknowledge FTX US is solvent and return clients' money.


An inquiry for comment from Reuters was not immediately answered by an attorney representing FTX.


Bankman-Fried is accused of robbing the exchange's users of billions of dollars to settle debts accrued by his cryptocurrency-focused hedge fund, Alameda Research. He's denied the allegations of fraud.


Customer money' future, however, is still unknown. In a note to creditors earlier this week, FTX said that since declaring bankruptcy in November, hackers had stolen nearly $415 million in cryptocurrency from its worldwide and American exchanges.