China-based Nano Labs Ltd. has announced its plans to apply for a stablecoin issuing license in Hong Kong as the jurisdiction positions itself as a center for digital finance innovation, as it ushers ...
Hong Kong Sets High Bar for Stablecoin Issuers Ahead of August Regime Launch
Stablecoin licensing frameworks are advancing globally as regulators in Hong Kong seek to manage new forms of digital settlement.
Global investors turn to Hong Kong funds for returns amid geopolitical tensions
Hong Kong-domiciled funds saw net inflows of some US$44 billion in the 12 months to March, a threefold increase from a year earlier.
Growing China trade prompts Hong Kong joint venture for Saudi cargo carrier
Saudi story’ is rapidly growing across all sectors, creating many long-term opportunities for the logistics player, CEO says.
Head of Malaysian Chamber of Commerce in Hong Kong expected to move into new role
Gan Khai Choon, who has led business lobby since its inception in 2014, says he may switch to less hands-on role.
How tariff uncertainties will impact Hong Kong home prices
There is still a significant amount of unsold inventory. The Hong Kong residential market is currently influenced by several factors, including interest rates, the number of unsold units, and the ...
Chinese chip designer Montage Technology reportedly hires banks for $1 billion Hong Kong IPO
Chinese mainland's chip designer Montage Technology Co has reportedly hired banks for its planned listing in the Hong Kong Special Administrative Region that could raise about $1 billion. The Shanghai ...
Hong Kong billionaire heir Jeremy Fok marries Thai girlfriend of 6 years
Jeremy Fok, the youngest son of Hong Kong business tycoon Timothy Fok, has married his Thai girlfriend Purisa Songsombat—also known as Namfon—his father confirmed to the media.
Hong Kong housing authorities cancel contracts with firm linked to 5 site deaths
Aggressive Construction Company has now lost all six of its projects despite obtaining temporary court order to lift ban on its licence.
Seeking out ‘soft resistance’ will harm Hong Kong artists, prominent playwright says after minister’s warning of scrutiny
Actively looking for “soft resistance” will harm Hong Kong artists and their works, prominent playwright Candace Chong has said, after a minister vowed to scrutinise event subsidies and performance ...
Hong Kong’s New World Development ‘actively engaged’ with creditors on loan refinance
Hong Kong's New World Development is actively negotiating with creditors to refinance substantial loans amidst growing concerns over its high debt ratio, potentially indicating a crisis in the ...
China’s Mainland-Hong Kong Payment System Launch Sparks Fintech Stock Rally
The People's Bank of China and the HKMA launched the Payment Connect yesterday, according to the HKMA's recent press release. The system links the mainland’s Internet Banking Payment System (IBPS) ...
Hong Kong, China launch Payment Connect for faster cross-border payments
Supported services include instant remittance services, amongst others. The central banks of Hong Kong and China have pushed forward Payment Connect, which sees in their clearing centres cooperate to ...
Hong Kong’s New World downplays debt-deal rumours as analysts see path out of crunch
Government rhetoric about bank leniency towards developers is ‘favourable’ for the debt-laden company, Morningstar analyst says.