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) ...
China, HK stocks close roughly flat as investors brace for fresh data
China and Hong Kong shares closed roughly flat on Monday as investors brace for fresh data this week, which will likely add to concerns over the economic health of the world's second-biggest economy.
Hong Kong Plans to Launch Regulatory Framework for Stablecoins by 2024
Hong Kong Monetary Authority (HKMA), the city’s central bank, has conducted a public consultation on a regulatory framework for stablecoins, Chen Haolian, deputy director of Financial Services and ...
BOCI issues first tokenized notes in Hong Kong
Bank of China’s investment bank BOCI has issued 200 million yuan (US$28 million) fully digital structured notes, making it the first Chinese financial institution to issue a tokenized security in Hong ...
HSBC rebrands, expands its SVB UK buy as HSBC Innovation Banking
Acquired by HSBC in an emergency sale for just £1 in March as SVB was melting down, SVB UK is now getting a rebrand and expansion under its new owner. Today the banking giant launched HSBC Innovation ...
Explainer – what is the ‘dual-counter model’ and why should investors care about Hong Kong’s latest equity innovation?
The yuan share trading counter programme, initially covering 24 stocks with US$154 billion market capitalisation, will attract both mainland and international investors Hong Kong has close to 1 ...
Most Hong Kong stocks slip before weaker China factory, retail data while traders bet on Fed rate pause
Most blue-chip stocks weaken before reports signalling a slowdown in industrial production and retail sales in China. Traders bet the Fed will pause after raising its key rate in the past 10 ...
Hong Kong accountant reports losing HK$27 million as city marks surge in investment scams
Scam trend continues as victims aged 14 to 86 report losses totalling HK$708.6 million from January to April Cryptocurrency scams rose, with victims reporting losses of HK$416.6 million; more ...
As retail investors rush back into Hong Kong stocks, market bulls face Fed test and strategists warn of pitfalls
Retail investors have been buying Hong Kong stocks amid market weakness, while more funds pour into exchange-traded products tracking technology stocks. That optimism will be tested by the Fed rate ...
Hong Kong taking lead role in globalisation of renminbi with expansion of bilateral trading and new products: finance chief
Financial Secretary Paul Chan says move will mitigate risks arising from global political and economic changes Hong Kong fully committed to widening the range of offshore yuan asset options in city, ...