China is tightening the screws on new domestic stock offerings, issuing four documents at once laying out some of the harshest rules, checks and penalties yet to crack down on fake accounting and ...
China’s ‘broker butcher’ vows to tighten IPO rules, curb excesses to sustain rebound in US$9.2 trillion stock market
China is tightening the screws on new domestic stock offerings, laying out some of the harshest rules, check and balances and penalties yet for fake accounting and breach of discipline, the market ...
Hong Kong stocks slide for third day as China holds key policy rate while housing slump persists, odds of US rate cut weaken after inflation reports
Stocks suffer from a twin blow on interest-rate front. China keeps its one-year loan facility unchanged, while stronger than expected US price reports this week undermine bets on a rate cut in the ...
Hong Kong Gears Up for e-HKD: Phase Two Pilot Seeks CBDC Use Cases
The Hong Kong Monetary Authority (HKMA) has announced today the launch of the second phase of e-HKD, its CBDC pilot program.
HK Weighs Extending Term of World’s Highest-Paid Central Banker
Hong Kong government is considering keeping Eddie Yue as its de-facto central bank chief after his current term expires in October, according to people familiar with the matter.
Hong Kong stocks slide for third day as China holds key policy rate while housing slump persists, odds on US rate cut weaken after inflation reports
Stocks suffer from a twin blow on interest-rate front. China keeps its one-year loan facility unchanged, while stronger than expected US price reports this week undermine bets on a rate cut in the ...
Sexy Tea Said to Pick CICC, Morgan Stanley for Hong Kong IPO
Hunan Chayue Cultural Industry Development Group Ltd., also known as Sexy Tea, has selected banks for a Hong Kong initial public offering, which could take place as soon as this year, according to ...
What is wCBDC and why is it important for Hong Kong?
The HKMA's wholesale central bank digital currency project aims to enhance interbank settlements for tokenised money A planned sandbox will test tokenisation use cases that include settlement of ...
HSBC is ‘very positive’ about the future of China’s economy, CFO says
Speaking to CNBC's Karen Tso on Wednesday, HSBC CFO Georges Elhedery said the lender — which is headquartered in London but does a lot of its business in Hong Kong and across Asia-Pacific — was ...
Hong Kong’s digital currency: HKMA launches phase 2 of e-HKD pilot programme, delving deeper into potential uses
Second phase will explore 'innovative' uses for a central bank digital currency for public use, says HKMA, five months after unveiling results of first trial run It represents the next step towards ...
Hong Kong begins phase 2 of CBDC pilot
On Nov. 1, Visa completed its digital Hong Kong dollar pilot test with local banks HSBC and Hang Seng Bank. The pilot involved the tokenization of deposits where money was minted on a blockchain ...
HKMA Advances Digital Finance with Phase 2 of e-HKD Pilot Programme
The Hong Kong Monetary Authority (HKMA) has propelled the city into the forefront of digital finance innovation with the announcement of Phase 2 of the e-HKD Pilot Programme on March 14. This ...
Hong Kong IT security firm ‘saved from HK$5 million email scam by bank employee’
A Hong Kong internet security solution company was duped into transferring HK$5 million (US$639,000) to a dubious account by an email scam, before the scheme was foiled by a bank employee, the Post ...
JPMorgan bets on Hong Kong ‘bounce back’
JP Morgan has high hopes for Hong Kong to recover and live up to its potential as a financial hub when the economic cycle turns. The New York-based ...