Tag Archives: hong kong

Sammo Hung on Working With Bruce Lee, Jackie Chan and Donnie Yen

In a profession that has spanned seven a long time, Hong Kong motion film legend Sammo Hung has seen rather a lot, and furthermore, his physique has been via rather a lot. So it wasn’t a shock to see the 72-year-old use a cane as he took the stage for a masterclass session on the Tokyo Worldwide Movie Pageant. However as he captivated an appreciative viewers, the arrogance and humor which have seen Hung via his illustrious profession in martial arts films shone vivid.

Born right into a showbiz household, Hung’s profession started as a baby actor whereas on the China Drama Academy, a Peking Opera college in Hong Kong. He made his movie debut within the early Nineteen Sixties, aged 9. A barely grainy, black and white clip of the movie confirmed a fresh-faced boy Hung, to coos from his assembled admirers. “Coaching on the college was very extreme. We realized all the basic actions. By the point you’ve graduated, you are able to do practically any transfer,” mentioned Hung.

One among his huge breaks got here when he fought Bruce Lee within the opening scene of 1973’s seminal Enter the Dragon. Lee’s demise that 12 months left Sport of Dying unfinished, and in 1978, Hung was charged with the struggle choreography for the reshoots.

Bruce Lee vs Sammo Hung / Enter the Dragon (1973)

“I didn’t actually get to spend a lot time with Bruce Lee. However his clever cinematic work made an enormous impression on me,” recalled Hung. “I used to be heartbroken when he died so younger. It shocked individuals not solely in Hong Kong, however all around the globe. His followers and people of us within the business who revered him a lot had been devastated.”

In his 1977 directorial debut The Iron-Fisted Monk, by which he additionally starred, Hung included extra of the comedy touches he had observed audiences reacting nicely to in earlier movies. It helped kick off a development for comedy kung fu flicks, made well-known by rival and collaborator Jackie Chan in classics akin to Drunken Grasp.  “And Hong Kong movies at the moment had been principally in Mandarin, however we used Cantonese [for The Iron-Fisted Monk], and from then on determined to do all our movies in Cantonese,” mentioned Hung.

His 1978 Enter the Fats Dragon, which he once more directed and starred in, was launched in Japan as Moeyo Debu-gon. All of his subsequent movies have included Debu-gon (fats man) of their Japanese title, defined movie critic and producer Jun Edoki throughout his introductory remarks.

Sammo Hung in ‘Enter the Fats Dragon.’

Everett Assortment

Hung was additionally instrumental in creating the jiangshi style of horror kung fu within the Nineteen Eighties, impressed by his childhood love of ghosts and monsters. “I used to be at all times interested by new parts that I might add to my motion films,” he mentioned. “I barely took any break day throughout that golden period of Hong Kong cinema. I used to be nonetheless younger and will go at that tempo. Making films was preferable to resting.”

Whereas the Nineteen Nineties didn’t see Hung attain the heights of earlier a long time at dwelling, he starred in two seasons of CBS’s Martial Legislation from 1998 to 2000, making him a uncommon East Asian lead on a U.S. broadcast community present. Co-starring with Arsenio Corridor, the present was a shock hit, regardless of Hung’s dialogue being restricted by his English potential.

Sammo Hung and Arsenio Corridor in ‘Martial Legislation.’

Everett Assortment

“The toughest a part of all of it was the language. When individuals requested me if there was something I wish to change about America, I advised them I wanted everybody would be taught Chinese language to make it simpler for me,” mentioned Hung with an enormous chortle.

Subsequent up was a clip of the long-lasting table-top struggle scene between Hung and Donnie Yen in Ip Man 2 (2010). Hung was requested if it was tough to shoot the fight sequence with the athletic Yen, identified for his martial prowess and coaching throughout a number of disciplines.

Sammo Hung fights Donnie Yen in ‘Ip Man 2.’

Everett Assortment

“It wasn’t arduous work with Donnie, he’s very skillful, and I’m additionally very skillful. We might do numerous these in a single take. Donnie is unimaginable, however I’m much more unimaginable,” smiled Hung, to laughter and applause from the viewers.

Hong Kong Bitcoin ETF Readies For Stellar Debut, Expected To Outshine $125M US Launch

The eagerly anticipated Hong Kong Bitcoin ETF market is scheduled to begin buying and selling on Tuesday, marking a big milestone within the growing adoption of the main cryptocurrency and constructing upon the success of the US ETF market. 

With their approval, the newly regulated index funds are poised for a noteworthy debut, surpassing the first-day inflows in the US.

HK Bitcoin ETF Market Poised For Report-Breaking Debut

Zhu Haokang, the Digital Asset Administration Supervisor and Household Wealth Supervisor at Warsaw Fund expressed nice confidence within the buying and selling quantity of Hong Kong Bitcoin ETFs on its inaugural day.

This quantity exceeded the size achieved throughout the US launch on January tenth of this 12 months, which amounted to over 125 million US {dollars}. 

Haokang additional said that Huaxia, one of many three ETF issuers, is assured in turning into the biggest ETF issuer on the primary day of buying and selling. On the similar time, OSL, a digital asset platform, has already accomplished the preliminary fundraising with two funds, together with Huaxia. 

Moreover, the capital influx throughout the Hong Kong spot Bitcoin ETF’s first-day itemizing transaction has surpassed that of the US spot ETF market. 

In keeping with Haokang, this distinction could be attributed to 2 elements: the acquisition and redemption of spot and in-kind transactions, that are unavailable within the US spot Bitcoin ETF.

Unprecedented Funding Choices

One distinctive facet of the China Summer time Fund’s Hong Kong spot ETF is its incorporation of Hong Kong {dollars}, US {dollars}, and twin counter presents (RMB counters), distinguishing it from the opposite two choices. 

Moreover, the fund contains a non-listed share alongside the listed share, additional setting it aside from its counterparts. Given the bodily buy methodology, traders, together with Bitcoin miners, can immediately purchase the Hong Kong digital asset spot ETF utilizing the Bitcoin they already maintain. 

Furthermore, outreach efforts have reportedly been made to draw traders from international locations and areas with out ETF choices, akin to Singapore and the Center East, producing important curiosity.

Regardless of the substantial market measurement of the present US spot Bitcoin ETF market, Hong Kong’s utilization of money and in-kind subscriptions, coupled with the attraction of open buying and selling throughout Asian market hours, is predicted to draw quite a few American traders, in line with Haokang. 

Mainland Chinese language Traders Restricted

Wayne Huang, OSL ETF and Trusteeship Enterprise Supervisor, highlighted that Victory Securities might facilitate bodily purchases, and the successful securities in China can even leverage OSL’s help. 

Three vouchers allow bodily purchases, with extra anticipated to observe swimsuit. Following the ETF’s itemizing, numerous voucher chambers of commerce are more likely to take part, growing the general ecosystem of the Bitcoin ETF market in Might.

However, Zhu Haokang additionally clarified that mainland Chinese language traders are at present restricted from investing in Hong Kong’s spot ETF market. Nonetheless, certified traders, institutional traders, retail traders, and certified worldwide traders in Hong Kong can take part within the spot ETF race. 

People looking for additional particulars are suggested to seek the advice of voucher suppliers and gross sales channels whereas intently monitoring potential regulatory changes and the event of a selected regulatory framework sooner or later.

Bitcoin ETF
The each day chart reveals that BTC’s value is trending downward. Supply: BTCUSD on TradingView.com

At the moment, BTC is buying and selling at $63,000 after failing to consolidate above the important thing $66,000 degree in latest days. Nonetheless, the launch of the ETF market in Hong Kong is predicted to considerably impression the value of BTC in the long term. 

Featured picture from Shutterstock, chart from TradingView.com 

Disclaimer: The article is offered for academic functions solely. It doesn’t symbolize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You’re suggested to conduct your personal analysis earlier than making any funding selections. Use data offered on this web site completely at your personal threat.

Analyst Explains Why Bitcoin Must Stay Above This Level

Bitcoin bulls might quickly be again in enterprise. In response to Willy Woo, an on-chain analyst, market information shows that pressing “market sells” chargeable for forcing the coin from all-time highs are actually falling. This growth might prop up costs, stopping additional sell-offs.

Bitcoin Promoting Stress Easing

This preview is because of falling Cumulative Quantity Delta (CVD) information, an on-chain indicator that may additionally observe market sentiment. Particularly, it tracks shopping for and promoting aggression from market individuals. Now that CVD is dropping, Woo says extra BTC holders are seemingly prepared to climate the storm. Their choice might immediately help costs. 

Bitcoin CVD information | Supply: Willy Woo on X

Woo provides that BTC should reject promoting strain and finish the present short-term weak spot as issues stand. As on-chain information exhibits, BTC ought to keep above $59,600. The CVD lie has traditionally separated bullish and bearish zones. 

Primarily based on this, BTC ought to stay above the $60,000 spherical quantity for the uptrend to be sustained. If not, and bears take over, urgent costs decrease under the CVD stage may sign the start of a brand new bear regime.

So far, BTC is below immense promoting strain, shaving roughly 15% from all-time highs. The coin has help at across the $60,000 and $61,000 zone, transferring inside a spread. Resistance is at an all-time excessive of round $74,000 on the higher finish. 

Bitcoin price trending sideways on the daily chart | Source: BTCUSDT on Binance, TradingView
Bitcoin value trending sideways on the every day chart | Supply: BTCUSDT on Binance, TradingView

Primarily based on this preview, any losses under $60,000, as Woo notes, would seemingly see BTC dump. The coin would possibly drop to $53,000 within the quick time period, torching cease losses and fueling the sell-off.

Will Hong Kong Spot ETF Launch Carry Costs?

Whether or not BTC bulls will circulation again relies upon totally on institutional involvement within the days to come back. Following the approval of spot Bitcoin exchange-traded funds (ETFs) in January, costs spiked greater, breaking earlier all-time highs.

Institutional involvement has been very important. Nonetheless, inflows have slowed down, particularly within the final two weeks of April. Analysts are actually trying on the launch of spot Bitcoin ETFs in Hong Kong on April 30. 

In a latest interview, Zhu Haokang, the Head of Digital Asset Administration in Hong Kong, is bullish. Haokang expects buying and selling quantity to eclipse these seen in the US. The chief says the product is exclusive, permitting for a bodily subscription that’s extra enticing for BTC miners. Furthermore, it’s international, drawing curiosity from Singapore and the Center East buyers.

Function picture from DALLE, chart from TradingView

Disclaimer: The article is offered for instructional functions solely. It doesn’t characterize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your personal analysis earlier than making any funding choices. Use data offered on this web site fully at your personal danger.