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…
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…
China is not a fan of cryptocurrencies. Over the past decade, the Chinese government has built up one of the world’s most hostile regulatory frameworks against cryptocurrency-related activities, including trading and mining. Beijing views digital assets like bitcoin as a threat to the country’s financial stability and capital account controls, and even a challenge to…
Books about the Tiananmen Square crackdown have become increasingly scarce in Hong Kong’s independent bookstores, with sellers citing widespread self-censorship fuelled by legal uncertainties surrounding the sale of politically sensitive titles under the national security laws. The disappearance of the books and the loss of the annual June 4 candlelight vigil in Victoria Park, combined…
Chinese shares traded in Hong Kong fell on Monday, as heightened US-China trade tensions jolted market sentiment. The Hang Seng China Enterprises Index dropped as much as 2%, after a gauge of Chinese stocks traded in the US fell 2.7% on Friday. The onshore market is closed for holiday on Monday. Source link
The director of Beijing’s liaison office in Hong Kong made his first visit to the community on Sunday, two days after he took up the role, saying his appointment came with heavy responsibilities but reflected the trust Chinese President Xi Jinping placed in him. Zhou Ji, the executive deputy director of the Hong Kong and…
The director of Beijing’s liaison office in Hong Kong made his first visit to the community on Sunday, two days after he took up the role, saying his appointment came with heavy responsibilities but reflected the trust Chinese President Xi Jinping placed in him. Zhou Ji, the executive deputy director of the Hong Kong and…
A Hollywood film topped ticket presales for China’s Dragon Boat Festival, but latest data points to a subdued box office for the holiday season as the industry grapples with a string of underwhelming performances. The box office revenue for Saturday, the first day of the Dragon Boat Festival holiday, was estimated at 122 million yuan…
Hong Kong’s leader has pledged to identify fresh areas for economic growth as he expressed confidence in working with the newly appointed director of Beijing’s liaison office to speed up the city’s development. Chief Executive John Lee Ka-chiu made the remarks as he met office director Zhou Ji at Government House on Saturday. They exchanged…
Zheng Yanxiong has been removed as director of Beijing’s liaison office in Hong Kong and the central government has appointed Zhou Ji, the executive deputy director of its top office for the city’s affairs, to replace him. The State Council, China’s cabinet, announced late on Friday that Zhou, the executive deputy director of the Hong…