The launch marks the first project under the HKMA’s Fintech 2030 strategy, aimed at introducing tokenisation products in the city.
Hong Kong stocks tumble as AI bubble fears hit Wall Street
Hong Kong stocks extended losses on Wednesday, tracking Wall Street’s weakness amid growing fears of an artificial intelligence bubble, while uncertainty over the Federal Reserve’s rate-cut trajectory ...
China pins hopes on Olympic star for ‘high quality’ Hong Kong democracy
An Olympic gold medallist and other younger faces are entering upcoming elections in Hong Kong as China strives to shore up the legitimacy of the city's legislature even though it vets all prospective ...
XTransfer and Bank SinoPac Announce Partnership at Hong Kong FinTech Week
The issuer is solely responsible for the content of this announcement.
Hong Kong exchange profit jumps 56% on trading, IPO boom
The benchmark index has surged 29% driving stock and derivatives trading to records Read more at The Business Times.
Hong Kong freezes $354 million in assets linked to Cambodian tycoon accused of running forced labour camps
Authorities in Hong Kong have frozen assets worth $354 million tied to Cambodian businessman Chen Zhi’s Prince Holding Group, after US prosecutors accused him of operating forced labour compounds and ...
Hong Kong Exchange Operator Posts Another Record Quarter on Stronger Trading, Listing Activity
Hong Kong Exchanges & Clearing reported record profit and revenue for the third quarter as trading and listing activity in the Asian financial hub gathered momentum.
Hong Kong Exchange profit soars 56% on strong volumes, IPO boom
The strong earnings were fueled chiefly by a 150% jump in average daily turnover in equities traded on the Hong Kong Exchange, to HK$267.9 billion. Strong trading volumes came amid a technology-fueled ...
Hong Kong freezes $354M in assets tied to Cambodian scam empire operator Chen Zhi
Hong Kong authorities has frozen assets worth HK$2.75 billion (US$354 million) linked to a criminal syndicate identified as the Prince Group run by sanctioned Chinese-Cambodian tycoon Chen Zhi.
Hong Kong freezes US$354 million of assets tied to Prince Group syndicate
The Prince Group syndicate, run by Chinese-Cambodian tycoon Chen Zhi, is accused of operating large-scale online "scam centres" that used trafficked workers to defraud victims around the world.
McDonald’s sells first Hong Kong property in US$154 million asset-disposal plan
McDonald’s Corp has sold a shop in Yuen Long via public tender for HK$77.4 million (US$9.9 million), the fast-food chain’s first since it announced an asset-disposal plan in July. The three-storey, 9, ...
Chinese EV maker Seres taps Hong Kong IPO after 1,600% mainland rally
Chinese electric vehicle company Seres will begin trading in Hong Kong on Wednesday, following a massive public share sale that raised HK$14.3 billion, or $1.8 billion, according to Bloomberg. The ...
Chinese EV maker Seres’ shares slump 3.7% on Hong Kong debut
Seres Group’s shares fell on their debut in Hong Kong on Wednesday, as the electric-vehicle maker joined a dozen other mainland Chinese carmakers including BYD, Nio and Xpeng to raise funds in the ...
Half-conscious Hong Kong driver sent to hospital after car crashes into truck
A Hong Kong driver has been taken to hospital in a half-conscious state after he allegedly lost control of his private car and hit a truck parked by the road in Kwai Chung.