Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money," HKMA said.
Signed documents without knowing illegality, Truong My Lan’s Hong Kong tycoon husband claims
Eric Chu, husband of Van Thinh Phat chairwoman Truong My Lan, said he only signed documents to help Saigon Commercial Bank overcome difficulties and did not know he was violating the law by doing ...
Zhu Su pumps Milady to $19K, Alchemy Pay crypto bank, HK tokens: Asia Express
Zhu Su helps pump Milady floor price, Singapore's Alchemy Pay to open crypto bank, Hong Kong to tokenize financial services: Asia Express.
JPM Outsources HK, TW Custody Biz to HSBC, STANCHART Respectively
According to Reuters reports, a JPMorgan Chase (JPM.US) spokesman said the company has outsourced the operation of its custody business in Hong Kong and Taiwan to HSBC HOLDINGS (00... JPMorgan is the ...
Hong Kong government drafts new controversial security law
Hong Kong’s government has unveiled new security laws that critics and foreign governments warn could deepen ongoing crackdowns in the city. CNN’s Kristie Lu Stout reports.
Unlike Singapore, Hong Kong would not be able to pay for Taylor Swift concerts with taxpayer funds without disclosing amount: ex-city leader CY Leung
I don’t think the Hong Kong government can get away with paying taxpayers’ money, whatever the cause is, without telling people how much,’ ex-city leader CY Leung says.
Security proposal raises concerns in Hong Kong
HONG KONG -- Hong Kong unveiled a proposed law that threatens life imprisonment for residents who "endanger national security" on Friday, deepening worries about erosion of the city's freedoms four ...
A cleaner finds 2 dead babies in glass bottles in a vacated Hong Kong apartment. Police arrest 2
HONG KONG (AP) — A cleaning person found two dead baby boys in glass bottles in the living room of a vacated apartment in Hong Kong, police said Saturday. A man and a woman, believed to be the parents ...
Hong Kong authorities urged to do more to explain proposed domestic security law, tackle concerns among international community
While acknowledging need to enact new legislation as a constitutional obligation, some experts also raised concerns about potential abuse of power.
Why Hong Kong’s property slump may be best time to focus on public housing
With one in two Hongkongers locked out of the property market despite falling prices, it's time to move towards the Singapore model of providing public housing for more people, not only the poor We ...
Hang Seng Bank joins HKMA’s Wholesale Central Bank Digital Currency Project
The project will expand the use of tokenised money in Hong Kong. Hang Seng Bank has joined the Wholesale Central Bank Digital Currency Project (wCBDC Project), an initiative by the Hong Kong Monetary ...
Stress and despair: new year, old wounds for Hong Kong bankers with IPO market in slump and windfalls elude investors
The environment is very stressful right now, particularly for young investment bankers, says Jerry Chang, a consultant at Barons & Co The landscape has shifted considerably since the last quarter, ...
At Leap 2024, Hong Kong start-ups and investors lay groundwork to tap future Saudi Arabia growth
Start-ups and investors say attending the Leap tech conference is about building relationships for a market seen as 'like China in the late 90s' Saudi Arabia is seen by some as a growth market where ...
Jon Rahm endures nightmare finish in Hong Kong to leave £3.1m LIV Golf payday in doubt
Jon Rahm once again looked in fine form at LIV Hong Kong on Friday but was left frustrated following his opening round after finishing with a triple-bogey seven at the 18th ...