The project will expand the use of tokenised money in Hong Kong. Hang Seng Bank has joined the Wholesale Central Bank Digital Currency Project (wCBDC Project), an initiative by the Hong Kong Monetary ...
Stress and despair: new year, old wounds for Hong Kong bankers with IPO market in slump and windfalls elude investors
The environment is very stressful right now, particularly for young investment bankers, says Jerry Chang, a consultant at Barons & Co The landscape has shifted considerably since the last quarter, ...
At Leap 2024, Hong Kong start-ups and investors lay groundwork to tap future Saudi Arabia growth
Start-ups and investors say attending the Leap tech conference is about building relationships for a market seen as 'like China in the late 90s' Saudi Arabia is seen by some as a growth market where ...
Jon Rahm endures nightmare finish in Hong Kong to leave £3.1m LIV Golf payday in doubt
Jon Rahm once again looked in fine form at LIV Hong Kong on Friday but was left frustrated following his opening round after finishing with a triple-bogey seven at the 18th ...
Hong Kong unveils new national security law with tougher penalties
The Hong Kong government has unveiled a draft bill for new national security laws, known as Article 23, raising further concerns about diminishing freedoms in the city. About the bill: The proposed ...
Need to get landmark law right for sake of Hong Kong’s normal daily life
Despite rapid start to scrutiny of proposed Article 23 security legislation by lawmakers, there should be no compromise on making changes and improvements The process for passing Hong Kong's new ...
Hong Kong unveils new national security law with tough penalties
Authorities have proposed life imprisonment as the maximum penalty for treason, insurrection, sabotage endangering national security, and incitement of members of China's armed forces to mutiny.
Hong Kong’s finance chief rejects calls to legalise basketball betting
Financial Secretary responds to calls by several political parties for introduction of basketball betting to combat illegal gambling while increasing public revenue ...
New Hong Kong ‘national security’ bill proposes life sentences for treason, insurrection, mutiny
Hong Kong's government Friday proposed life sentences for treason, insurrection and mutiny under the new Safeguarding National Security Bill.
Explainer-Article 23: what you need to know about Hong Kong’s new national security laws
Hong Kong's government on Friday unveiled its proposed national security bill, following a month-long public consultation that ended last week. City leaders want it to be swiftly passed, potentially ...
Hong Kong’s Mox Bank and Wise Platform to Introduce Low-Cost and Transparent Global Payments
a virtual bank in Hong Kong. With this integration, Mox customers can now “access low-cost, transparent and lightning-fast global money transfers, directly from their Mox app.” Powered by Wise ...
Hong Kong to punish dissenters with harsher prison sentences
A new national security bill put forward by the Hong Kong government sets out longer jail terms for “sedition” and life sentences for “insurrection”, bringing the city more closely in line with ...
Hong Kong sees uptick in IPO applications year to date with interest rates poised to decline, HKEX CEO says
HKEX received 30 per cent more IPO applications so far in 2024, with start-ups eyeing capital raising as interest rates turn a corner, says newly-appointed CEO Bonnie Chan.
Hong Kong’s Central Bank Announces New Wholesale CBDC to Support Tokenization Market
Hong Kong's central bank announced the start of a wholesale central bank digital currency (wCBDC) project to support the development of the tokenization market. Project Ensemble will "seek to explore ...