HSBC's Hong Kong subsidiary has hit a property development company with a lawsuit in London as the bank seeks to claw back more than $4.6 million it says it is owed from swaps and derivatives ... ( read original story ...)
Hong Kong Monetary Authority Calls Stablecoins Crypto’s Greatest Threat
Hong Kong’s banking regulator is looking hardest at payments-related stablecoins when it comes to regulating cryptocurrencies. ( read original story ...)
Digital Assets Startup SEBA Bank Notches $120M in Series C Funding
Digital assets startup SEBA Bank raised $120 million in a Series C funding round led by Altive, Ordway Selections, Summer Capital and DeFi Technologies. ( read original story ...)
Sojitz Hong Kong subsidiary fined $5.2M for violating Iran sanctions
Sojitz HK agreed to pay approximately $5.2 million for violations of U.S. sanctions against Iran that occurred when rogue employees deliberately misled company executives and compliance regarding the ... ( read original story ...)
HSBC rolls out first sustainability-linked trade finance deal in Hong Kong
HSBC has arranged a trade facility for multinational garment manufacturing company Epic Group that it says is its first sustainability-linked trade finance transaction in Hong Kong. The proceeds will ... ( read original story ...)
HSBC makes senior appointments for Investments & Wealth Solutions
HSBC has announced the appointment of Wei Mei Tan and Michael Wong within Investments & Wealth Solutions under Wealth & Personal Banking. Wei Mei Tan is appointed as Global and Asia Head of Advisory, ... ( read original story ...)
Omicron: dozens of Hong Kong residents ordered to evacuate after Covid-19 spreads between floors of North Point tower block
Fourteen households ordered to leave Maple Gardens Phase Three in North Point after inspection finds the coronavirus was spreading up through floors. ( read original story ...)
Hong Kong leader Carrie Lam says new national security laws on the way
Hong Kong leader Carrie Lam announced plans to introduce new security laws for the city during her address opening the first legislative session since a "patriots only" election purged opposition from ... ( read original story ...)
HKMA, Hong Kong’s de facto central bank, proposes regulating fiat currency-backed stablecoins with rules similar to banks
The Hong Kong Monetary Authority is seeking public views on rules that would license and supervise stablecoin activities like banks Usually pegged to the US dollar, the US$150 billion stablecoin ... ( read original story ...)
Hong Kong Monetary Authority aims to oversee stablecoin reserves
Hong Kong’s central bank wants to supervise entities involved in operations like issuing stablecoins and managing their reserves. ( read original story ...)
Australian Government initiative seeks to attract Hong Kong female talent to the land Down Under
Female talent, founders and entrepreneurs in Hong Kong are encouraged to apply for Australia's Global Talent visa, a prioritised visa with a streamlined pathway to permanent residency ... ( read original story ...)
Hong Kong to Establish Plan for New Crypto Regulation by July
Hong Kong’s de facto central bank plans to have a new regulatory regime for crypto assets ready by July, as the city vies with Singapore to become a key hub for the burgeoning sector while at the same ... ( read original story ...)
Hong Kong regulator canvasses views on rules for crypto assets
Hong Kong's de facto central bank invited comment on Wednesday about ways to regulate crypto assets and stablecoins, with the aim of adopting a regulatory framework by 2024 in which the policy ... ( read original story ...)
Standard Chartered buys MPF trustee RBC Investor Services to tap Hong Kong’s growing retirement market
RBC, an indirect subsidiary of Royal Bank of Canada, is one of the 13 MPF trustees that manage pension funds in the city Standard Chartered sold its MPF businesses to Manulife in 2015, but bank ... ( read original story ...)