New economy companies in top gear as city goes all out in innovation push Times have never been better for Hong Kong's technology enterprises, particularly startups, with the central government's full blessings and the SAR putting money where its mouth is ... ( read original story ...)
Hong Kong trade delegation highlights opportunities for Irish firms
Hong Kong’s most senior financial official was in Dublin on Thursday to cement trading ties between the two jurisdictions and showcase the opportunities for Irish firms in Asia’s financial hub. Hong Kong’s financial secretary Paul Chan Mo-po met with ... ( read original story ...)
Outspoken Hong Kong legal academic Eric Cheung wins seat as city’s solicitors vote for governing council
An outspoken legal scholar won the last seat up for grabs on the governing council of the group representing Hong Kong solicitors on Thursday, scraping in with fewer votes than expected. Eric Cheung Tat-ming, a principal lecturer at the University of Hong ... ( read original story ...)
Hong Kong leader Carrie Lam: I never handed over a fugitive to mainland China against US wishes
Hong Kong’s leader has categorically denied ever surrendering any fugitive to mainland China, strongly objecting to the United States government’s allegation that she did so on Beijing’s orders last year. Chief Executive Carrie Lam Cheng Yuet-ngor ... ( read original story ...)
News of leftist Hong Kong bookstores an old chapter
There is fake news, old news and ancient news. I guess the idea is that none of them really count as “news”. But how do we define ancient? Well, I am 52, and my children consider me ancient. Here’s a piece of ancient news. Chung Hwa Book, Joint ... ( read original story ...)
Hong Kong: Central Bank Digital Currency ‘not Clearly Superior to’ Existing Infrastructure
A Hong Kong government official has stated that there are no plans to issue a central bank digital currency, as the existing payment systems work just fine. Hong Kong will not currently issue a central bank digital currency (CBDC), citing the existence of ... ( read original story ...)
Hong Kong Official Rules Out Plan for Central Bank Digital Currency
The Hong Kong Monetary Authority (HKMA), the region's de facto central bank, currently has no plan to issue a central bank digital currency (CBDC), a high-level government official said on Wednesday. During a council meeting with legislators in Hong Kong ... ( read original story ...)
Hang Seng Bank’s investment arm slapped with US$382,000 fine
Hong Kong top securities watchdog has slapped a hefty HK$3 million (US$382,200) fine on Hang Seng Bank’s investment arm for failing to meet regulatory requirements on the management of cash within its funds. It’s Hang Seng Investment Management’s ... ( read original story ...)
HKMA expects virtual bank license applications by end-Aug
Following the completion of a public consultation, the Hong Kong Monetary Authority (HKMA) on Wednesday published a revised “Guideline on Authorization of Virtual Banks”, saying it expects to receive applications for virtual bank licenses by August 31. ( read original story ...)
Singapore beats Hong Kong in open banking readiness
Strong regulatory support from MAS buoyed the lion city to score the APAC crown. Singapore easily beat Hong Kong and Australia in its readiness for open banking, according to a report by the International Data Corporation. The report assesses a country's ... ( read original story ...)
Hong Kong Moves to Bring Virtual Bank Into Reality
Hong Kong’s monetary authority is moving to issue its first batch of virtual bank licenses as soon as the end of this year in a push to tap into smart banking and fintech expansion. The Hong Kong Monetary Authority, the special administrative region’s ... ( read original story ...)
Hong Kong Government Rules Out Central Bank Digital Currency
The Hong Kong Government has made it clear that it has no plan to issue official Digital Currency at present but will continue to explore the possibilities. This was stated by Joseph Chan, Acting Secretary for Financial Services and the Treasury, in the ... ( read original story ...)
50 firms eye virtual bank licenses
The Hong Kong Monetary Authority (HKMA) has received more than 50 expressions of interest for virtual banking licenses, which require a minimum capital of HK$300 million. However, the central bank has rejected a recommendation from a public consultation ... ( read original story ...)
Luxury retailer Canada Goose to open stores in Beijing, Hong Kong
(Reuters) - Canada Goose Holdings Inc (GOOS.TO) will open its first stores in Beijing and Hong Kong, reaching directly to customers who have been buying its luxury coats online and at department stores. The company will partner with ImagineX Group ... ( read original story ...)