Second phase will explore 'innovative' uses for a central bank digital currency for public use, says HKMA, five months after unveiling results of first trial run It represents the next step towards ...
Hong Kong begins phase 2 of CBDC pilot
On Nov. 1, Visa completed its digital Hong Kong dollar pilot test with local banks HSBC and Hang Seng Bank. The pilot involved the tokenization of deposits where money was minted on a blockchain ...
HKMA Advances Digital Finance with Phase 2 of e-HKD Pilot Programme
The Hong Kong Monetary Authority (HKMA) has propelled the city into the forefront of digital finance innovation with the announcement of Phase 2 of the e-HKD Pilot Programme on March 14. This ...
Hong Kong’s Wheelock prices Lohas Park project Seasons Place at five-year low for Tseung Kwan O
Hong Kong developer Wheelock Properties has priced a first batch of 130 units at its Seasons Place residential project in Tseung Kwan O at a five-year low for the district.
Hong Kong IT security firm ‘saved from HK$5 million email scam by bank employee’
A Hong Kong internet security solution company was duped into transferring HK$5 million (US$639,000) to a dubious account by an email scam, before the scheme was foiled by a bank employee, the Post ...
JPMorgan bets on Hong Kong ‘bounce back’
JP Morgan has high hopes for Hong Kong to recover and live up to its potential as a financial hub when the economic cycle turns. The New York-based ...
3 Hong Kong activists behind Tiananmen vigil lose bid to overturn conviction
Three former organizers of Hong Kong’s annual vigil in remembrance of the 1989 Tiananmen Square crackdown on pro-democracy protests have lost their bid to overturn their conviction over their refusal ...
Hong Kong police arrest 122 people linked to loss of HK$91.5 million in scams
Police say 80 men and 42 women arrested comprise suspected holders of 117 stooge accounts and five owners of registered SIM cards linked to some scam cases 'Police emphasis that residents should never ...
Is Technology Important In Banking?
Based on that you can offer different models. It's been a very successful digital bank for Singapore and Hong Kong for Standard Chartered. Should a bank be headed by a banker with techies working ...
Hong Kong, Greater Bay Area Employers Grew Less Optimistic on Hiring in 2024
Hong Kong and Greater Bay Area employers became less optimistic on hiring this year as bonus payments sank, underscoring the difficulties faced by the financial hub, according to a KPMG survey.
Hong Kong stocks weaken amid earnings caution, property sector rebound triggered by state support expectations
Hong Kong stocks retreated for a second day, as the mood turned cautious ahead of a flurry of earnings announcements in the week ahead, with worries about a spike in US-China tensions also weighing on ...
Hong Kong weighs scaling back plan to open stock market in typhoons
HONG Kong is considering scaling back its plans to open up trading during the most severe weather, according to sources familiar with the matter. Read more at The Business Times.
Hong Kong take-private deals soar as cheap valuations tempt investors into company buy-outs
Hong Kong-listed firms have been involved in US$4 billion worth ... to make use of equity financing to provide sources of available funds to finance its business development”, it said. French skincare ...
HKMA steals march with new wholesale central bank digital currency
De facto central bank aims for first-mover advantage through blockchain technology, providing welcome lift to Hong Kong's image as global financial centre Build it and they will come. That seems to be ...