Hong Kong has just rolled out a big consultation report on stablecoins, with input from major industry players like Binance and Circle. They’re trying to regulate the stablecoin market, requiring ...
TransThera Seeks Hong Kong IPO To Sustain Cancer Drug Research
Backers also include institutional investors such as Bank of China Capital. The company needs sustained external financing to maintain its drug development, hence its renewed interest in a Hong Kong ...
Hong Kong digital bank ZA Bank to provide reserve banking services tailored for stablecoin issuers
ZA Bank, Hong Kong’s No.1 Digital Bank1, proudly announces its pioneering role as the first digital bank in Hong Kong to provide reserve banking services tailored for stablecoin issuers. This landmark ...
Hong Kong journalist says Wall Street Journal fired her for leading press advocacy group
The paper announced in May that its staff was shifting “its centre of gravity” in the region from Hong Kong to Singapore. The decision resulted in some staffers losing their jobs in the Chinese ...
Standard Chartered boosts private bank team with 14 new hires
Standard Chartered has hired more than a dozen new bankers to its private banking teams in Singapore, Hong Kong and the United Arab Emirates in a bid to grow the affluent business, a bank statement ...
As Hong Kong’s ether ETFs face US competition, different crypto investors may flock to city
Hong Kong's approval of spot ether ETFs in April was seen as a unique but brief advantage for the city, which may now attract investors looking to avoid US taxes Hong Kong may face fresh challenges as ...
Financial worries hit wellbeing of 63% of Hong Kong employees: report
Employers should take action, says expert, such as connecting employees with relevant elements of their total rewards package ...
HSBC to deepen China ties with appointment of first Mandarin-speaking boss
HSBC has named its first Mandarin-speaking chief executive amid investor pressure to shift its headquarters to China. Europe’s biggest bank has promoted finance chief Georges Elhedery to replace Noel ...
Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends
Hong Kong's financial regulators published the conclusions of consultation on fiat-referenced stablecoin regulation and said they are preparing a bill to introduce into the Legislative Council later ...
HSBC names third CEO in less than eight years
HSBC defeated a shareholder resolution last year backed by Chinese insurance giant Ping An and other Hong Kong-based shareholders who were seeking a spin-off of its lucrative Asia business. Ping An, ...
Hong Kong Regulator Plans Licensing Regime for Stablecoin Firms
Hong Kong plans to introduce a licensing regime for stablecoin issuers whose tokens reference the price of fiat currencies, the city’s de facto central bank said on Wednesday. Under the proposed ...
HSBC Names Georges Elhedery As Next Chief Executive
"I am delighted to confirm Georges as the next HSBC Group Chief Executive," group chairman Mark Tucker said in a filing to Hong Kong's stock exchange. "The Board concluded that Georges was the ...
Alert over fake Hong Kong police website set up to trick users into revealing personal details
Public warned not to access bogus police site and, if they have given out information such as bank account details, to contact force.
The five biggest challenges facing new HSBC CEO Georges Elhedery
Delivering growth amid falling interest rates, navigating tensions between China and the West, and managing HSBC's exposure to China's lingering bad loans crisis will be among the top challenges ...