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 ...
Judge Delays Decision on Hong Kong’s Request to Ban Protest Song Online
The government, seeking a broad order to stop the internet distribution of “Glory to Hong Kong,” will return to court next month to address a judge’s questions.
Hong Kong police arrest 27-year-old man in connection with knife attack on former boss in pedestrian underpass
According to police, 43-year-old victim fired suspect hours before she was attacked on her way home from work.
American Tech Giants Are Slowly Cutting Off Hong Kong Internet Users
Google and OpenAI haven’t rolled out AI chatbots to the city, putting it alongside mainland China and North Korea.
Hong Kong’s shortage of healthcare professionals not related to patient’s attack on women in shopping centre, says official
Acting secretary for health Dr Libby Lee says it's not a must to follow international recommendations because local situation must be considered Government adviser disagrees saying professionals have ...
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 ...
BREAKING: Hong Kong court adjourns hearing of gov’t application to ban protest song ‘Glory to Hong Kong’
Hong Kong’s Court of First Instance has adjourned a hearing about whether to grant an injunction banning pro-democracy protest song Glory to Hong Kong. Judge Wilson Chan on Monday adjourned a hearing dealing with an application from the government for an interim injunction on the song until July 21.
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 ...