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After Hong Kong’s legislature passed a new stablecoin bill on May 21, 2025, equities tied to Chinese cryptocurrencies saw a big jump. People are calling the measure a step forward in the right direction for developing a regulated and trustworthy digital asset ecosystem. It sets up a licensing mechanism for issuers of fiat-referenced stablecoins. People…
LONDON, June 04, 2025 (GLOBE NEWSWIRE) — The Global Business Complexity Index (GBCI), recently launched by TMF Group, analyses the business environment of 79 jurisdictions, accounting for 94% of the world’s GDP. It also ranks them based on over 250 indicators of business complexity, with the jurisdiction ranked 1st as the most complex and the…
Beijing’s point man overseeing Hong Kong affairs is set to visit the city later this month as it marks the fifth anniversary of the imposition of the national security law and he will speak on the occasion, the Post has learned. Sources told the Post that Xia Baolong, director of the Hong Kong and Macau…
The terms “United States exclusion clause” and “China risk clause” were frequently heard at a recent shipping forum hosted by Zhejiang Seaport Group in the eastern city of Ningbo, as uncertainties at sea persist despite the trade war truce reached between the world’s two biggest economies. The event brought together global logistics sector representatives and…
Hong Kong national security police have arrested five people following an investigation into bomb threats targeting a local concert by Taiwanese band Mayday and calls for independence for the self-ruled island and the city. Chief Superintendent Steve Li Kwai-wah of the force’s National Security Department said on Tuesday that police received emails and social media…
Hong Kong total retail sales in April 2025 were estimated at $28.9bn. Credit: joyfull/Shutterstock. The Hong Kong Census and Statistics Department has recorded a 14th consecutive month of declining retail sales in April 2025, with a 2.3% drop to an estimated $28.9bn. A government spokesperson noted indications of stabilisation in recent retail sales trends. The…
Hong Kong’s move to legalise stablecoins – cryptocurrencies that maintain a fixed value by being pegged to a reference asset – is grabbing the attention of mainland institutions, as a leading Chinese brokerage predicts a boom in tokenised real-world assets (RWA) in the city. While Beijing has remained largely quiet on Hong Kong’s new stablecoin…
Eight in 10 children from low-income families in Hong Kong suffer from serious nutritional imbalance, with less than 14 per cent getting enough dairy, a survey has found. The People Service Centre on Tuesday released the findings of a four-year study that monitored 426 children, aged three to 11, from underprivileged households, including those living…
Hong Kong public hospitals are reviewing blood test results of more than 400 patients after batches of a reagent were found to have quality issues that could produce false positives for prostate cancer. The Hospital Authority said on Tuesday that it was following up with the supplier of a testing product after being notified by…
Hong Kong national security police have arrested five people following an investigation into bomb threats targeting a local concert by Taiwanese band Mayday and calls for independence for the self-ruled island and the city. Chief Superintendent Steve Li Kwai-wah of the force’s National Security Department said on Tuesday that police received emails and social media…