The council - whose 12 current members include former Governor of the People's Bank of China Zhou Xiaochuan, former Goldman Sachs chairman John Thornton, former Hong Kong secretary for financial ...
Hong Kong stocks rally as bank worries ease
Hong Kong stocks opened higher on Tuesday as fears of a banking sector crisis eased after a regional US lender agreed to buy most of collapsed rival ...
HK Regulators to Host Meeting to Help Crypto Firms With Banking
The round-table will take place on April 28 at the Hong Kong Monetary Authority “to facilitate direct dialog” and “share practical experiences and perspectives in opening and maintaining bank accounts ...
First Mover Asia: China’s State-Owned Banks Are Soliciting Hong Kong Crypto Business, but Opening an Account Is Hard
a Hong Kong-based digital assets wealth management company, said to CoinDesk. “We have yet to see major progress in the banking sector to embrace crypto. Hopefully, that will change soon.” A deal has ...
Sorry, Short Sellers, Hong Kong’s Dollar Is Stronger Than It Looks
By allowing its currency to trade in a very narrow range of 7.75 to 7.85 to the US dollar, Hong Kong’s monetary policymakers are essentially giving up their power to dictate the financial center’s ...
Asia markets set for mixed open as investor fears on the banking turmoil ease
Asia-Pacific markets are poised to rise on Tuesday as investor fears over the recent banking turmoil continued to show signs of easing. In Australia, the S&P/ASX 200 rose 0.54%, and Hong Kong's Hang ...
Hong Kong’s Fusion Bank launches investment services
They can use the services for a subscription fee of as low as HK$10 or US$11. Hong Kong’s Fusion Bank has launched investment services, enabling customers to buy and sell global investment funds for ...
Asia-Pacific markets trade mixed as banking sector stress lingers
Asia-Pacific markets are set to trade mixed on Monday as investors continue to assess the impact of the banking troubles in the U.S and Europe. On Friday, Deutsche Bank saw a selloff of its ...
China state-owned banks turn crypto-friendly in Hong Kong: Bloomberg
China banks in Hong Kong are offering services to crypto businesses, Bloomberg reported on Monday, as more digital asset firms operate in the city.
Chinese banks court crypto firms in Hong Kong after mainland ban
Crypto firms rushing into Hong Kong after it opened its doors are finding a surprising source of potential support: China’s state-owned banks. Read more at straitstimes.com.
Hong Kong ex-finance chief says ChatGPT bans at universities ‘uncalled for’
Hong Kong’s former financial chief has defended the use of ChatGPT in classrooms, calling some universities’ ban on the Artificial intelligence (AI) tool “uncalled for.” In a Facebook post published ...
Digital Banking: Hong Kong’s Fusion Bank Offers Business Banking, Allowing SMEs to Capture Key Opportunities
Fusion Bank, a virtual bank strategically invested by Tencent Holdings Limited, announces the launch of Business Banking Services.
HK on watch for banking trouble spillover: Eddie Yue
Hong Kong Monetary Authority chief Eddie Yue says the SAR needs to watch carefully for any further "spillover" from US regional banks, but the city ...
HSBC bows to Hong Kong shareholder pressure and tables Asia breakup vote
Britain’s largest bank HSBC has bowed to pressure from a group of shareholders in Hong Kong and will table a vote on a proposal to revamp the business, including carving out its Asia arm. First ...