NEW YORK, NY / ACCESSWIRE / January 13, 2022 / Bank of China (SEHK:3988) released the Report on Global Asset Allocation Strate ... ( read original story ...)
HSBC, Bank of China at multi-month highs show fund managers love banking stocks as margins, dividends add to gloss
Banking stocks are quietly rallying while technology companies grab the headlines, with market leaders like HSBC Holdings and Bank of China (Hong Kong) surging to multi-month highs in the opening days ... ( read original story ...)
Hong Kong’s central bank unveils plans for new crypto regulation in July 2022
The Hong Kong Monetary Authority has unveiled plans for a new regulatory regime, revealing ties with crypto hub Singapore. The de facto central bank would implement the regulation in stablecoins, ... ( read original story ...)
Chinese restaurant supplier Meicai cuts 40% more jobs ahead of Hong Kong IPO: report
Meicai, a Chinese app that supplies farm-to-table produce for restaurants, is starting a new round of layoffs which will affect around 40% of the company’s workforce, Chinese media outlet iFeng ... ( read original story ...)
Omicron: Hong Kong faces new Covid-19 cluster linked to hotpot restaurant as more infections tied to bank outbreak surface
In North Point, 14 households ordered to leave Maple Gardens Phase Three after experts detect vertical transmission of virus Fears of a new Covid-19 cluster linked to a hotpot restaurant have surfaced ... ( read original story ...)
HSBC Hong Kong Hits Developer With $5M Swaps Suit
HSBC's Hong Kong subsidiary has hit a property development company with a lawsuit in London as the bank seeks to claw back more than $4.6 million it says it is owed from swaps and derivatives ... ( read original story ...)
Hong Kong Monetary Authority Calls Stablecoins Crypto’s Greatest Threat
Hong Kong’s banking regulator is looking hardest at payments-related stablecoins when it comes to regulating cryptocurrencies. ( read original story ...)
HSBC rolls out first sustainability-linked trade finance deal in Hong Kong
HSBC has arranged a trade facility for multinational garment manufacturing company Epic Group that it says is its first sustainability-linked trade finance transaction in Hong Kong. The proceeds will ... ( read original story ...)
HSBC makes senior appointments for Investments & Wealth Solutions
HSBC has announced the appointment of Wei Mei Tan and Michael Wong within Investments & Wealth Solutions under Wealth & Personal Banking. Wei Mei Tan is appointed as Global and Asia Head of Advisory, ... ( read original story ...)
Omicron: dozens of Hong Kong residents ordered to evacuate after Covid-19 spreads between floors of North Point tower block
Fourteen households ordered to leave Maple Gardens Phase Three in North Point after inspection finds the coronavirus was spreading up through floors. ( read original story ...)
HKMA, Hong Kong’s de facto central bank, proposes regulating fiat currency-backed stablecoins with rules similar to banks
The Hong Kong Monetary Authority is seeking public views on rules that would license and supervise stablecoin activities like banks Usually pegged to the US dollar, the US$150 billion stablecoin ... ( read original story ...)
Hong Kong Monetary Authority aims to oversee stablecoin reserves
Hong Kong’s central bank wants to supervise entities involved in operations like issuing stablecoins and managing their reserves. ( read original story ...)
Hong Kong to Establish Plan for New Crypto Regulation by July
Hong Kong’s de facto central bank plans to have a new regulatory regime for crypto assets ready by July, as the city vies with Singapore to become a key hub for the burgeoning sector while at the same ... ( read original story ...)
Hong Kong regulator canvasses views on rules for crypto assets
Hong Kong's de facto central bank invited comment on Wednesday about ways to regulate crypto assets and stablecoins, with the aim of adopting a regulatory framework by 2024 in which the policy ... ( read original story ...)