A sluggish recovery in China’s economy is stoking concerns among strategists that the hyped-up policy stimulus will do little to shore up stock prices in Hong Kong, leaving the Federal Reserve to do ...
Hongkong Land to Enter Shanghai With $8 Billion West Bund Development
The developer behind Landmark, one of Hong Kong's most prominent luxury malls, plans to roll out 10 new developments in the next five years in mainland China.
Hong Kong and the US aim for stablecoin regulations by 2024
With the completion of the public consultation phase, the HKMA will be focusing on the areas of issuance, governance and stabilization.
“Hong Kong to emerge as stock exchange of choice” – Dealmaking experts
Linklaters partners discuss the dealmaking landscape that supports Hong Kong’s status as preferred regional fundraising hub. Former SFC decision-maker, Roger Cheng, is set to join the team from August ...
Bank of China unit issues digital securities on Ethereum blockchain in Hong Kong amid city’s virtual asset push
The product from Bank of China’s global investment arm is the first tokenised security from a bank in the mainland, where cryptocurrencies are banned.
Hong Kong eyes stablecoin regulatory regime by 2024
While the Western world debates how to regulate stablecoins, Hong Kong is forging ahead with a regulatory framework for cryptocurrencies pegged to traditional financial assets. The Hong Kong Monetary ...
Hong Kong to Unveil Plan to Recruit Foreign Labor Amid Shortage
Hong Kong will ease entry rules for foreign workers to stem a manpower shortage in the financial hub, Chief Executive John Lee said.
Hong Kong’s role as China’s only global financial hub must be cherished and protected
In the Global Financial Centres Index, Shanghai is ahead of Sydney, Seoul, Tokyo, Frankfurt and Mumbai, but still below New York, London, Singapore and Hong Kong Economic and trade power is not enough ...
Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong
BOCI offered CNH 200 million ($28 million) of structured notes, with Swiss banking giant UBS underwriting the issuance and placing with clients in Asia Pacific. This was the first time a Chinese ...
HSBC builds innovation division from the bones of collapsed SVB UK
HSBC unveiled its new HSBC Innovation Banking unit Monday, following its eleventh-hour rescue of the U.K. subsidiary of SVB in March.
Bank of China Subsidiary Issues First Tokenized Security in Hong Kong
Bank of China arm BOC International Holdings Limited (BOCI) successfully issued $27.9 million worth of digital structured notes in Hong Kong on June 12, UBS announced on Monday. While BOCI becomes the ...
Hong Kong Set to Be a Major Crypto Hub, Tradecurve Aims to Be a Top 3 Exchange
Hong Kong is gearing up to become a major crypto hub, leveraging its strategic position and innovative environment. Amid this transformative momentum, Tradecurve, an emerging platform currently in its ...
Hong Kong has ‘pipeline’ of family offices ready to set up in the city, Financial Secretary Paul Chan says
More family offices are "in the pipeline" to set up in Hong Kong, Financial Secretary Paul Chan Mo-po said on Monday, as the city continues to bolster its efforts to attract such corporations with the ...
Asia markets mixed ahead of crunch central bank meetings
Asia-Pacific markets are set for a mixed open as investors return from a strong week and look forward to major central bank meetings scheduled ahead. The U.S. Federal Open Market Committee (FOMC) ...