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On September 10, the Hong Kong Securities and Futures Commission (SFC) has instructed the Hong Kong Stock Exchange (HKEX) to suspend trading in the shares of Kangshiyun-B (02592.HK) from 9:00 a.m. on September 10, 2026, pursuant to Rule 8(1) of the Securities and Futures (Listing on Securities Markets) Rules (the Listing Rules). The SFC expresses serious concern that the initial public offering (IPO) of Kangshiyun may have been manipulated to create the illusion of demand for Kangshiyun shares. Therefore, the SFC considers that suspending trading in the relevant shares while the investigation continues is necessary or appropriate to maintain an orderly and fair market for Kangshiyun shares and to protect the interests of the investing public. As the investigation is ongoing, the SFC will not comment further.On September 10, Lu Lei, Vice Governor of the Peoples Bank of China, introduced at a press conference held by the State Council Information Office on the theme of "Starting the 15th Five-Year Plan" that overseas entities currently hold more than 11 trillion yuan of RMB financial assets in China, and central banks or monetary authorities of more than 80 countries and regions have included RMB in their foreign exchange reserves; Panda bonds have been issued for more than 1.3 trillion yuan, with issuers covering 26 countries and regions across five continents.Enterprise Singapore: For the week ending September 9, Singapores light distillate fuel oil inventories increased by 1.196 million barrels to 11.874 million barrels, a one-month high; middle distillate fuel oil inventories increased by 326,000 barrels to 8.237 million barrels, a two-week high; and fuel oil inventories decreased by 98,000 barrels to 20.355 million barrels, a two-week low.The Hang Seng Index closed down 320.49 points, or 1.27%, at 24,954.47 on Thursday, September 10; the Hang Seng Tech Index closed down 90.3 points, or 2.04%, at 4,330.49; the H-share Index closed down 94.27 points, or 1.13%, at 8,274.78; and the Red Chip Index closed down 59.99 points, or 1.41%, at 4,203.42.On September 10, at a press conference held by the State Council Information Office, Cong Lin, Deputy Director of the State Financial Regulatory Commission, stated that the government will promote the optimization of financial resource supply in the technology sector, improve policies on early, small, long-term, and hard-tech investments such as insurance funds, support the development of emerging and future industries, expand loan issuance to the manufacturing sector, vigorously serve the transformation and upgrading of traditional enterprises, and promote the construction of a modern industrial system.

Hyundai Will Be the First Automobile Manufacturer to Enter the NFT Market

Cameron Murphy

Apr 19, 2022 10:50


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The Hyundai brand will collaborate with the Meta Kongz NFT brand.


The automaker will also create an NFT community on social media platforms such as Twitter and Discord.


The idea of "Metamobility" was unveiled at CES 2022.


It's no surprise that everyone wants to be a part of the NFT and Metaverse area, and the newest to join is a company from a completely different business than the others.


Hyundai Motor, one of the top ten automakers in the world, has revealed its intention to join the NFT market in a variety of innovative methods.

Hyundai and NFTs

The firm will collaborate with the 'Meta Kongz' NFT brand to develop its own line of NFTs as well as a concept film. Hyundai created a short video showcasing the Hyundai NFT universe idea 'Metamobility Universe' in the search of uniqueness.


The video serves as a presentation for the company's Metamobility Concept, which was unveiled at the CES 2022 (Consumer Electronics Show).


According to the announcement, Thomas Schemera, Hyundai Motor's Global Chief Marketing Officer and Head of Customer Experience Division, said, "The Hyundai NFT Universe will extend the Hyundai brand experience in a completely new way, especially with the MZ generation, further reinforcing our commitment to innovation in both the real world and the metaverse." We're really happy to start this adventure with 'Meta Kongz' and present 'Metamobility' via our own NFTs.


The business plans to launch a separate Hyundai NFT website as well as social channels on Discord and Twitter to build its NFT community.


Hyundai will also offer 30 limited edition 'Hyundai x Meta Kongz' NFTs on April 20 to honor the debut of the concept film. This year, the team plans to extend Hyundai's NFT Universe even further.

The Rise of NFTs?

This year, the market has seen a slew of new NFT collections arrive, and the number continues to climb as more brands join the field via various partnerships.


But, although they view this as a chance to expand, the issue is if this space is expanding or whether the NFT bubble is about to burst.


According to statistics from Ethereum's NFT marketplace Opensea, traffic has been increasing over the previous several days. There was a little drop in sales last week, but things are looking up now.


However, if these sales are ever to approach their previous high of $4.9 billion, they will need to expand dramatically.


Although the bubble may not be collapsing, the monthly drop in trading volume and sales suggests waning enthusiasm.