Meicai, a Chinese app that supplies farm-to-table produce for restaurants, is starting a new round of layoffs which will affect around 40% of the company’s workforce, Chinese media outlet iFeng ... ( read original story ...)
Omicron: Hong Kong faces new Covid-19 cluster linked to hotpot restaurant as more infections tied to bank outbreak surface
In North Point, 14 households ordered to leave Maple Gardens Phase Three after experts detect vertical transmission of virus Fears of a new Covid-19 cluster linked to a hotpot restaurant have surfaced ... ( read original story ...)
HSBC Hong Kong Hits Developer With $5M Swaps Suit
HSBC's Hong Kong subsidiary has hit a property development company with a lawsuit in London as the bank seeks to claw back more than $4.6 million it says it is owed from swaps and derivatives ... ( read original story ...)
Hong Kong Monetary Authority Calls Stablecoins Crypto’s Greatest Threat
Hong Kong’s banking regulator is looking hardest at payments-related stablecoins when it comes to regulating cryptocurrencies. ( read original story ...)
HSBC rolls out first sustainability-linked trade finance deal in Hong Kong
HSBC has arranged a trade facility for multinational garment manufacturing company Epic Group that it says is its first sustainability-linked trade finance transaction in Hong Kong. The proceeds will ... ( read original story ...)
HSBC makes senior appointments for Investments & Wealth Solutions
HSBC has announced the appointment of Wei Mei Tan and Michael Wong within Investments & Wealth Solutions under Wealth & Personal Banking. Wei Mei Tan is appointed as Global and Asia Head of Advisory, ... ( read original story ...)
Omicron: dozens of Hong Kong residents ordered to evacuate after Covid-19 spreads between floors of North Point tower block
Fourteen households ordered to leave Maple Gardens Phase Three in North Point after inspection finds the coronavirus was spreading up through floors. ( read original story ...)
HKMA, Hong Kong’s de facto central bank, proposes regulating fiat currency-backed stablecoins with rules similar to banks
The Hong Kong Monetary Authority is seeking public views on rules that would license and supervise stablecoin activities like banks Usually pegged to the US dollar, the US$150 billion stablecoin ... ( read original story ...)
Hong Kong Monetary Authority aims to oversee stablecoin reserves
Hong Kong’s central bank wants to supervise entities involved in operations like issuing stablecoins and managing their reserves. ( read original story ...)
Hong Kong to Establish Plan for New Crypto Regulation by July
Hong Kong’s de facto central bank plans to have a new regulatory regime for crypto assets ready by July, as the city vies with Singapore to become a key hub for the burgeoning sector while at the same ... ( read original story ...)
Hong Kong regulator canvasses views on rules for crypto assets
Hong Kong's de facto central bank invited comment on Wednesday about ways to regulate crypto assets and stablecoins, with the aim of adopting a regulatory framework by 2024 in which the policy ... ( read original story ...)
Standard Chartered buys MPF trustee RBC Investor Services to tap Hong Kong’s growing retirement market
RBC, an indirect subsidiary of Royal Bank of Canada, is one of the 13 MPF trustees that manage pension funds in the city Standard Chartered sold its MPF businesses to Manulife in 2015, but bank ... ( read original story ...)
ED arrests director of Hong Kong firm in spices trading corporation fraud case
The man was named as an accused by the agency in its charge sheet filed in this case in March, 2019 before a special PMLA court in Bengaluru. The ED case was booked after taking cognisance of a July, ... ( read original story ...)
Didi in talks for a second-quarter IPO in Hong Kong on its way to delisting from New York, sources say
Didi bankers are now busy finding a solution to make sure the company can meet with all the listing requirement in Hong Kong Hong Kong government and the local burse has rolled out red carpet to ... ( read original story ...)