Anti-Deception Coordination Centre stopped money moving out of city bank accounts after requests for help from 814 victims HK$12.3 billion of victims' money has been intercepted since squad was set up ...
China, Hong Kong markets aided by video-game stocks bounce; Aussie shares close near 2-year highs
Asia-Pacific stocks set to bounce, with Australia stocks hitting near two year highs, as more markets return from a Christmas break.
Hong Kong proposes licensing for fiat-referenced stablecoins
The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have released a consultation paper outlining their proposal to accept and regulate fiat-referenced ...
Hong Kong opens crypto ETF market to retail investors
Hong Kong is taking a significant step forward in the cryptocurrency market by allowing retail investors to directly access exchange-traded funds (ETFs) linked to cryptocurrencies. This move, ...
Hong Kong to oblige stablecoin issuers to obtain license — consultation paper
The Financial Services and the Treasury Bureau and the Hong Kong Monetary Authority issued a joint consultation paper of stablecoins regulation.
Hong Kong’s US$1.3 billion Northern Metropolis property JV shows CR Land’s support for city’s development, says chief
A HK$10 billion property development venture in the city’s Northern Metropolis indicated Beijing-controlled China Resources Land’s support for Hong Kong’s economic development, the chief of the ...
Digital Banking: Hong Kong’s Mox Bank “Redefines” Savings by Offering Instant Asia Miles with Time Deposit
Mox Bank Limited announced that customers can now earn Asia Miles instantly upon placing a Time Deposit "without waiting until maturity." ...
Hong Kong stocks recover as Tencent, NetEase recoup part of US$63 billion sell-off while new China report aids sentiment
Stocks recover as the sell-off in Tencent and NetEase on Friday attracts buyers while Beijing softens its regulatory tone on the gaming industry. A better than expected report on industrial profits ...
Hong Kong Nov home prices drop for the 7th month
Hong Kong private home prices in November fell for the seventh month in a row to their lowest since February 2017, official data showed on Wednesday, continued to be hurt by weak buying sentiment amid ...
Hong Kong takes the lead as Asia’s crypto hub in 2023— here’s why
Hong Kong has solidified its position as a burgeoning hub for cryptocurrency and Web3 innovation in a noteworthy move. It is important to know that June marked the initiation of the city’s official ...
Hong Kong prepares for retail access to spot cryptocurrency exchange-traded funds, boosting city’s virtual-asset hub ambitions
This initiative shows Hong Kong policymakers’ determination to rebuild investor confidence in virtual assets, following a number of major financial scandals involving cryptocurrencies.
Singapore surpasses Hong Kong in wealth rankings, demonstrating that country size doesn’t dictate wealth
Critics argue that economic output alone fails to capture a nation's well-being and that the decisive factor for its wealth lies in its purchasing power parity (PPP) ...
ZA Bank leads Hong Kong’s Web3 revolution with over 80 crypto partnerships
Hong Kong-based ZA Bank has solidified its commitment to the Web3 ecosystem, providing support to over 80 web3 companies. The digital-only bank, known for its innovative approach, is making ...
Survey Reveals 75% of Hong Kong’s Virtual Asset Investors Chase Short-Term Returns
The majority of Hong Kong's virtual asset investors chase short-term returns, embrace crypto as an investment trend, and fear missing opportunities.