Hong Kong-based stablecoin issuers should obtain a license in order to operate in the city and cater to retail investors. That's according to a consultation paper from the Hong Kong Monetary Authority ...
Hong Kong regulators propose tougher rules for sale of stablecoins to retail investors
The legislative proposal comes as Hong Kong steps up efforts to become a virtual asset and Web3 hub by providing a clear regulatory environment.
Beijing exchange’s IPO volumes weather China’s stock market storm as investors bet on policy tailwinds
Initial public offerings (IPO) volumes at the Beijing Stock Exchange (BSE) have suffered the least after authorities restricted new share sales on the three mainland bourses this year, reflecting ...
Hong Kong to spend HK$15 billion on fresh water from mainland China over next three years
New three-year deal for water supply from Dongjiang River in Guangdong province has highest annual price increase since 2018 Hong Kong officials say new rate was designed to take account of exchange ...
Hong Kong proposes licensing for Tether, other stablecoin issuers
Hong Kong has proposed a new regulatory framework for stablecoin issuers, like Tether’s USDC and Circle’s USDC, requiring them to obtain a license to operate in the city.
Hong Kong police anti-fraud squad foils transfer of HK$1.1 billion to scammers in first 10 months of year
Anti-Deception Coordination Centre stopped money moving out of city bank accounts after requests for help from 814 victims HK$12.3 billion of victims' money has been intercepted since squad was set up ...
Hong Kong hiker, 67, dies after falling down stairs on her way to admire red foliage in Tai Lam Country Park
A 67-year-old hiker died on Wednesday after falling down stairs while she was on her way to admire spectacular red foliage in a Hong Kong country park. Police said a friend of the woman made a report ...
Hong Kong home prices slump to lowest in 7 years, official index shows, with little relief in sight in 2024
The housing market continued to decline, with prices in November falling for the seventh month in a row to their lowest level since February 2017, according to government data.
China, Hong Kong markets aided by video-game stocks bounce; Aussie shares close near 2-year highs
Asia-Pacific stocks set to bounce, with Australia stocks hitting near two year highs, as more markets return from a Christmas break.
Hong Kong proposes licensing for fiat-referenced stablecoins
The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have released a consultation paper outlining their proposal to accept and regulate fiat-referenced ...
New World and China Resources to build $1.3 bln Hong Kong housing development
Hong Kong's New World Development and Chinese state-backed China Resources Land said they will jointly build a $1.3 billion housing project in the financial city's "Northern Metropolis" next year.
The 75-year-old Hong Kong ballet school that nurtured some of the city’s best dancers, and the teacher who has helped keep it alive for decades
The Carol Bateman School of Ballet boasts alumni including Jean M. Wong, Stephen Kwok and Christine Liao. We look back at its history and the teacher who has helped keep it alive for decades.
China unveils plan to boost business environment in the Greater Bay Area
Beijing has drawn up a blueprint designed to foster a world-leading business environment in its Greater Bay Area of Guangdong, Hong Kong and Macau.
Hong Kong actress Bonnie Lai dies of suspected suicide at 46
She reportedly sent a WhatsApp message to her husband which read: “See you in the next life." Read more at straitstimes.com.