The Hong Kong Monetary Authority (HKMA) has firmly denied social media rumors that the world’s first offshore yuan-pegged stablecoin has been issued in the city.
Stablecoin Startup RedotPay Attains Unicorn Status With $47M Raise for Regulatory Push
The Hong Kong company is scaling stablecoin-powered cards, wallets and payout services with backing from Coinbase Ventures, Galaxy and Vertex.
Hong Kong IPO Market Bounces Back With Billion Dollar Listings By Zijin Gold, Chery Auto
Zijin Gold is a subsidiary of China’s top miner, Zijing Mining Group, which has mines globally from Asia to Latin America and Africa. Zijin Gold’s listing is a spin-off the international unit of ...
FirstFT: Big banks resume hiring in Hong Kong as dealmaking booms
Also in today’s newsletter, Typhoon Ragasa leaves trail of destruction, and New Zealand appoints Swedish economist to lead central bank ...
Typhoon Ragasa Tears Through Asia: 17 Dead in Taiwan, Hong Kong Hotel Flooded, 2nd-Strongest Cyclone
Typhoon Ragasa, one of the strongest storms to hit Asia in years, has left a trail of destruction across Taiwan, Hong Kong, and the South China Sea. In Taiwan’s Hualien County, floods swept away roads ...
Shares of China’s largest vehicle exporter Chery pop 11% in Hong Kong debut
China's largest vehicle exporter, Chery Automobile, saw its shares jump in its Hong Kong debut after raising 9.1 billion Hong Kong dollars through an initial public offering.
China central bank unveils steps to boost yuan bond market in Hong Kong
China's central bank will roll out further measures to support the development of Chinese yuan bonds in Hong Kong and accelerate global use of its currency, a senior official said on Thursday. The ...
Hong Kong reopens after world’s most powerful Typhoon Ragasa
Typhoon Ragasa wreaks havoc in Hong Kong, causing widespread flooding, airport closures, and damage to properties.
China’s Chery Automobile shares surge in Hong Kong after $1.2 billion IPO
Shares of Chinese car maker Chery Automobile jumped 11.2% as the company started trading on the Hong Kong Stock Exchange on Thursday following its $1.2 billion initial public offering.
China’s Chery Automobile shares soar 11.2% in Hong Kong trading debut
By Scott Murdoch SYDNEY (Reuters) -Shares of Chinese car maker Chery Automobile jumped 11.2% as the company started trading on the Hong Kong Stock Exchange on Thursday following its $1.2 billion ...
HSBC Asks Hang Seng Bank to Clean Up Bad Hong Kong Property Debt
HSBC Holdings Plc has taken the unusual step of getting directly involved in pushing its Hong Kong subsidiary, Hang Seng Bank Ltd., to offload portfolios of bad real estate debt, underscoring the ...
China to Roll Out Measures to Support Yuan Bond Development in Hong Kong
Zou Lan, deputy governor of the People's Bank of China (PBOC), said the central bank will support various foreign institutions in conducting repo businesses to enhance the efficiency of yuan bond ...
Hong Kong reopens after Super Typhoon Ragasa, Taiwan revises death toll
Super Typhoon Ragasa brought Hong Kong to a standstill after sweeping through the northern Philippines and Taiwan.
Hong Kong reopens after world’s most powerful cyclone Ragasa
Hong Kong resumed flights out of its international airport on Thursday after a 36-hour suspension, reopening businesses, transportation services and some schools after the world's most powerful ...