The Hong Kong Monetary Authority launches a wholesale CBDC project to support tokenized asset transactions and financial innovation.
Hong Kong’s Central Bank Announces New Wholesale CBDC Project to Support Tokenization Market
Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money," HKMA said.
Signed documents without knowing illegality, Truong My Lan’s Hong Kong tycoon husband claims
Eric Chu, husband of Van Thinh Phat chairwoman Truong My Lan, said he only signed documents to help Saigon Commercial Bank overcome difficulties and did not know he was violating the law by doing ...
Zhu Su pumps Milady to $19K, Alchemy Pay crypto bank, HK tokens: Asia Express
Zhu Su helps pump Milady floor price, Singapore's Alchemy Pay to open crypto bank, Hong Kong to tokenize financial services: Asia Express.
JPM Outsources HK, TW Custody Biz to HSBC, STANCHART Respectively
According to Reuters reports, a JPMorgan Chase (JPM.US) spokesman said the company has outsourced the operation of its custody business in Hong Kong and Taiwan to HSBC HOLDINGS (00... JPMorgan is the ...
Unlike Singapore, Hong Kong would not be able to pay for Taylor Swift concerts with taxpayer funds without disclosing amount: ex-city leader CY Leung
I don’t think the Hong Kong government can get away with paying taxpayers’ money, whatever the cause is, without telling people how much,’ ex-city leader CY Leung says.
Hang Seng Bank joins HKMA’s Wholesale Central Bank Digital Currency Project
The project will expand the use of tokenised money in Hong Kong. Hang Seng Bank has joined the Wholesale Central Bank Digital Currency Project (wCBDC Project), an initiative by the Hong Kong Monetary ...
Stress and despair: new year, old wounds for Hong Kong bankers with IPO market in slump and windfalls elude investors
The environment is very stressful right now, particularly for young investment bankers, says Jerry Chang, a consultant at Barons & Co The landscape has shifted considerably since the last quarter, ...
Hong Kong’s finance chief rejects calls to legalise basketball betting
Financial Secretary responds to calls by several political parties for introduction of basketball betting to combat illegal gambling while increasing public revenue ...
Hong Kong’s Mox Bank and Wise Platform to Introduce Low-Cost and Transparent Global Payments
a virtual bank in Hong Kong. With this integration, Mox customers can now “access low-cost, transparent and lightning-fast global money transfers, directly from their Mox app.” Powered by Wise ...
Hong Kong sees uptick in IPO applications year to date with interest rates poised to decline, HKEX CEO says
HKEX received 30 per cent more IPO applications so far in 2024, with start-ups eyeing capital raising as interest rates turn a corner, says newly-appointed CEO Bonnie Chan.
Hong Kong’s Central Bank Announces New Wholesale CBDC to Support Tokenization Market
Hong Kong's central bank announced the start of a wholesale central bank digital currency (wCBDC) project to support the development of the tokenization market. Project Ensemble will "seek to explore ...
Hong Kong’s finance chief Paul Chan reluctant to review tax regime as society already facing tough times because of geopolitics
Hong Kong’s finance chief has revealed for the first time that he has been reluctant to review the city’s tax regime despite the huge deficit because of a difficult external environment and ...
Hong Kong gov’t to cut funding for 59 major NGOs after 2 years of billion dollar budget deficits
The Hong Kong government has announced it will cut funding for major NGOs starting from 2025 amid two straight years of budget deficits over HK$100 billion. Labour and welfare chief Chris Sun told ...