The Hong Kong government approved stablecoin legislation today. The new law provides for fiat-referenced stablecoins (FRC) for issuers in Hong Kong. The goal ...
Hong Kong passes stablecoin bill, one step closer to issuance
Hong Kong's legislature passed a stablecoin bill on Wednesday that establishes a licensing regime for fiat-referenced stablecoin issuers in Hong Kong, providing regulatory clarity for upcoming ...
Hong Kong’s Beleaguered Journalists Say Their Taxes Are Now Under Scrutiny
Several news outlets have been unreasonably subjected to tax investigations, according to the city’s journalists’ association, adding to pressures on press freedom.
China Mobile closer to taking over Hong Kong broadband company HKBN, sources say
China Mobile , the world's biggest wireless carrier by users, is moving closer to a deal to take over Hong Kong broadband company HKBN after rival bidder I Squared Capital dropped out of the race, ...
Hong Kong plans legislation to offer 50% tax concession for some commodity trading
Financial Secretary Paul Chan Mo-po says bill is part of broader policy initiative to develop commodity trading ecosystem in the city.
Microsoft Hong Kong and HKSTP Launch TechConnect to Supercharge Startup Growth
The co-incubation initiative aims to empower next-gen founders with AI, cloud, and innovation mentorship.
China’s Zijin Mining opens gold and copper stock fund to Hong Kong investors
The fund’s manager expects gold to hit US$4,000 this year due to a weakening US dollar and rising demand from investors.
New World drags Hong Kong banks into a loan tango
The developer wants to refinance $11 bln of loans but CEO Echo Huang has yet to reverse a 4-year revenue slump. Lenders including HSBC must weigh up the money-losing borrower's problems against the ...
Hong Kong’s Rich Families Sell Their Own Dwellings to Cut Debt
Hong Kong’s rich families are learning about the unpredictability of market downturns. Now some have to sell the homes they live in to cut debt.
Transcript: CATL’s IPO pops in Hong Kong
Investors are shunning US equities, and Hong Kong Stock Exchange can now claim the biggest IPO of the year. Plus, some western countries are pressuring Israel to end its new Gaza offensive, but . . .
Hong Kong Dollar Falls Toward Weak End of Band on Carry Allure
The Hong Kong dollar edged closer to the weak end of its trading range as sliding local interest rates encouraged traders to increase their borrowing of the currency to fund carry trades.
News in Easy English: Disaster manga causes Hong Kong visitors to worry about Japan trips
Many people from Hong Kong now feel afraid of visiting Japan. This worry comes from an old manga book made in 1999. Some people think the man
CATL’s strong Hong Kong debut boosts outlook for Chinese companies’ fundraising
Shares in CATL closed 16% higher on their Hong Kong debut on Tuesday after the Chinese electric vehicle battery giant raised $4.6 billion in the world's largest listing this year, boosting prospects ...
House Committee Pressures JPMorgan Chase, Bank of America to Abandon Major Hong Kong Deal
China hawks in Congress are pressuring executives at the financial giants JPMorgan Chase and Bank of America to back out of their business with a controversial China-based electric car battery firm.