The aim of eTrade Connect, as it is called, is to modernise the world’s trade finance network, which was worth around $9 trillion in 2017. Despite its size, the market is outdated and largely paper-ba... ( read original story ...)
Cryptocurrency rules unveiled by SFC as Hong Kong aims to become major trading hub
Hong Kong’s financial watchdog unveiled on Thursday a comprehensive set of regulations governing cryptocurrencies in a move to enhance investor protection which analysts believe could help make the ci... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) bracing for more volatility
The current value of the CCI is 20. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago. HANG SENG INDEX closed up 436.311 at 25,416.000. Volume was 18% above average (n... ( read original story ...)
Cryptocurrency rules to be unveiled by SFC as Hong Kong aims to become major trading hub
Hong Kong’s financial watchdog will today unveil a comprehensive set of regulations governing cryptocurrencies in a move that could help make the city a major trading centre for virtual assets. The ne... ( read original story ...)
Hong Kong launches national trade finance platform on blockchain
Hong Kong has launched its blockchain-based trade finance platform, aimed at digitising open account transactions and reducing fraud. eTradeConnect was unveiled today at the Hong Kong Fintech Week. It ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) economy’s factories slows amid ongoing US-China trade war
Hong Kong and China markets both ended higher on Wednesday, shrugging off China’s worse-than-expected reading for manufacturing activity for October. The Hang Seng Index rose 1.6 per cent, or 394.16 p... ( read original story ...)
HSBC, StanChart, others launch HK blockchain trade finance platform
Other major banks who participated in the development of the platform - facilitated by Hong Kong’s de facto central bank, the Hong Kong Monetary Authority (HKMA) - included Agricultural Bank of ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) US-China trade war back in the spotlight
The last signal was a sell 17 period(s) ago. Rex Takasugi – TD Profile HANG SENG INDEX closed down -226.510 at 24,585.529. Volume was 14% above average (neutral) and Bollinger Bands were 27% wider tha... ( read original story ...)
Chinese central bank to issue bills in Hong Kong for the first time
China's central bank said on Wednesday that it will issue a total of 20 billion yuan ($2.87 billion) of bills out of Hong Kong next month, its first issuance in the former British colony, the world's ... ( read original story ...)
China to sell debt in Hong Kong to support renminbi
China's finance ministry has previously issued government bonds in Hong Kong, but the sale announced on Wednesday will be China's first-ever sale of central bank bills in the territory. In October 201... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) To Continue Losing Streak
The Hong Kong stock market has finished lower in four straight sessions, tumbling more than 1,425 points or 5.6 percent along the way. The Hang Seng Index now rests just beneath the 24,720-point plate... ( read original story ...)
Lawmaker seeks removal of Finance Committee chair after remarks on Lantau development
Last week, Finance Committee Chair Chan Kin-por said that funding ... See more: Interview: Retired gov’t planner says he has ‘ultimate solution’ to Hong Kong’s land shortage – and it’s not Lantau Clau... ( read original story ...)
Hong Kong shares slip amid worries about more US tariffs
BOC Hong Kong Holdings slid 4.4%, leading percentage losses on the gauge, after the lender reported a 4% decrease in third-quarter operating profit. Bank of China (BOC) added 1.5% following a 5.7% ... ( read original story ...)
BOCHK slips but parent gains
BOC Hong Kong's (2388) operating profit before impairment allowances for the third quarter was HK$9.76 billion, down 4 percent from the second quarter while profit for the first three quarters was up ... ( read original story ...)