Crypto exchanges, custodians, and stablecoin issuers must be licensed under either the SFC’s VASP regime or the HKMA’s new Stablecoin Ordinance effective August 2025. Businesses ...
Hong Kong Property Downturn Stings HSBC
The London-based bank reported a drop in second-quarter net profit and said it plans to initiate a share buyback of up to $3 billion.
How a Chinese Brand Reshaped Hong Kong’s Food Delivery Scene
Meituan, the Chinese food delivery giant, tested its global expansion in Hong Kong, where its Keeta service displaced a rival before moving to other markets.
Hong Kong’s baby boomers flock to Greater Bay Area to afford retirement housing
A survey sponsored by BOC Life says 24 per cent of Hongkongers are willing to retire outside the city versus less than 5 per cent 10 years ago.
Here’s the pitch deck smart contact lens startup Xpanceo used to raise $250 million and become a unicorn
Xpanceo raised a $250 million funding round, which elevates its valuation to $1.35 billion, as it pioneers smart contact lenses.
Hong Kong’s Stablecoin Ordinance takes effect on August 1, 2025, with a six-month transition window
The Hong Kong Monetary Authority (HKMA) will roll out a six-month transitional arrangement for stablecoin issuers already operating in the city, as the territory’s new Stablecoin Ordinance comes into ...
Ex-chairman of Hong Kong-listed Neo-China surrenders after 13 years on the run
Li Songxiao handed himself over to the ICAC for his involvement in fraudulent property deals worth more than US$42 million.
Hong Kong set to issue first stablecoin licences ‘early next year’
We aim to progress step by step, gradually driving the digital transformation of Hong Kong,’ HKMA deputy chief executive Darryl Chan says.
Hong Kong’s lived-in home prices rise to 5-month high as buyers return to market
Second-hand home prices in the city recorded a 0.03 per cent gain in June, the third straight month of improvement, according to data from the Rating and Valuation Department on Tuesday. Since April, ...
Hong Kong businesses cheer China reopening, but warn there’s a … – CNN
The move is the latest effort by Hong Kong to rebuild its status as a global business hub. For decades, the former British colony has been seen as a friendly gateway to the vast market of mainland ...
Hong Kong’s Law Society swoops down on entire floor of offices at The Center at half price
The 26th floor of The Center, sold for HK$345 million by the Gale Well Group, was handed over to the Law Society of Hong Kong on July 25.
He dropped out of law school in Rome, moved to Hong Kong, and set up an Italian-inspired bar. Now, it’s been crowned the best bar in Asia.
Italian-born Lorenzo Antinori dropped out of law school in Rome and took many wild career pivots before starting his bar in Hong Kong.
McKinsey’s relationship with China allegedly fed US tensions
However, McKinsey simultaneously had contracts with Chinese state-run businesses that supported Beijing’s naval buildup in the Pacific and played a key role in China’s global efforts to extend ...
McKinsey agrees to $650 million settlement with feds over … – CBS News
McKinsey & Company consulting firm has agreed to pay $650 million to settle a federal investigation into its work for opioids manufacturer Purdue Pharma, according to court papers filed in ...