Daily Flash
At the heart of an evolving financial paradigm lies RWA (real-world asset) tokenization, a stepping stone towards a more inclusive investment landscape. However, recent whispers from the China Securities Regulatory Commission (CSRC) have cast a veil of uncertainty over this innovation. Their recent advisement hints that Chinese brokerages should halt their tokenization pursuits in Hong…
China’s securities regulator has told some brokerages to pause their real-world asset (RWA) tokenization businesses in Hong Kong, Reuters reported on Monday. At least two brokerages have been advised not to conduct any RWA business offshore, according to the report, citing sources familiar with the matter. The guidance is aimed at strengthening risk management among…
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Nearly all homeless women with various mental health concerns who took part in a recent co-living programme in Hong Kong showed lower stress levels afterwards, according to the organising NGO. ImpactHK, which released the findings of the study on Monday, called on authorities to expand co-living facilities and resources, including implementing them in temporary housing….
Since 2018, fragrance brand To Summer has gradually transcended its mainland Chinese origins to become one of the hottest up-and-coming names on the market globally. Rather than purporting to bridge East and West, its signature scents and gorgeous retail stores are proudly Asian, bearing an innate and distinctive cultural authenticity that has proven to be…
For one of the biggest disconnects between financial markets and economies in Asia, look no further than Hong Kong. The dramatic revival of the city’s stock market this year has catapulted it to the top of the global rankings for initial public offerings (IPOs). Mainland Chinese companies are lining up in droves to list in…
Companies in Hong Kong moved swiftly on Monday to take advantage of a new Swap Connect rule that lets them hedge using China’s onshore loan prime rate (LPR), as demand rises to manage yuan interest-rate risks. The measure, which was introduced by mainland China and Hong Kong regulators in May and went live on Monday,…
Facebook Tweet Email Link The strongest storm anywhere in the world this year is passing over the northern Philippines with destructive winds and torrential rain, prompting evacuations of thousands of people and preparations in nearby Hong Kong, Taiwan and mainland China. After undergoing rapid intensification over the Philippine Sea, Ragasa – known in the Philippines…
MANILA, Philippines (AP) — Thousands of people were evacuated from northern Philippine villages and schools and offices were closed Monday in the archipelago and neighboring Taiwan as one of the strongest typhoons this year threatened to cause flooding and landslides on its way to southeastern China. Super Typhoon Ragasa had sustained winds of 215 kilometers…
The emergency exit door and inflatable evacuation slide of a Hong Kong Airlines plane were triggered “inadvertently” after landing in Osaka, causing no injuries but delaying the return flight for 70 passengers. The carrier on Monday said it had reported the incident on flight HX612, which landed at Osaka Kansai International Airport at 7.15pm the…