The Hong Kong Monetary Authority (HKMA) cautioned investors that no stablecoins pegged to the offshore yuan had been approved for issuance in the city, as regulators sought to temper the frenzy surrounding digital assets. In a statement published on WeChat on Wednesday, the HKMA refuted claims circulating on social media that the first offshore yuan-pegged…
The recent phone call between Chinese President Xi Jinping and US President Donald Trump signals a pivotal moment in the world’s most critical bilateral relationship. While tensions between the two powers have dominated headlines, the conversation – described as “pragmatic, positive and constructive” by China’s People’s Daily – hints at an emerging reality: the US…
A recent dual-listing at the Astana International Financial Centre (AIFC) in Kazakhstan has been hailed as an “icebreaker” for Kazakh and Chinese issuers who are showing growing interest in pursuing cross-border equity and debt deals. According to AIFC’s governor Renat Bekturov, the debut of tungsten miner Jiaxin International Resources on both the Hong Kong and…
A recent dual-listing at the Astana International Financial Centre (AIFC) in Kazakhstan has been hailed as an “icebreaker” for Kazakh and Chinese issuers who are showing growing interest in pursuing cross-border equity and debt deals. According to AIFC’s governor Renat Bekturov, the debut of tungsten miner Jiaxin International Resources on both the Hong Kong and…
Former Hong Kong leader Leung Chun-ying has received a top honour from Cambodian officials in recognition of his contributions to the country’s healthcare system. Cambodian Deputy Prime Minister Neth Savoeun on Monday awarded Leung the Knight Grand Officer class of the Royal Order of Monisaraphon. The title is primarily awarded to individuals who have made…
Thailand aims to use Hong Kong’s status as a global financial centre to raise funds for a new smart city in its flagship economic development zone, according to the head of the megaproject’s public agency. Chula Sukmanop, secretary general of the Eastern Economic Corridor Office, also dismissed accusations that Beijing’s Belt and Road Initiative was…
Beijing reiterated its pledge to create a “single free-trade zone” incorporating mainland China, Hong Kong and Macau on Wednesday, as it seeks to deepen economic ties with the two special administrative regions (SARs) amid ongoing trade tensions with the US. The Ministry of Commerce would “explore and promote” the establishment of a unified free-trade area…
Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, has become one of the world’s largest fundraising platforms for the new energy sector, thanks to a slew of listing reforms to promote the city as a green finance hub, according to a government official. “There has been an active stream of listings…
President Xi Jinping’s speech marking the 80th anniversary of China’s victory over Japan in World War II serves as a “wake-up call”, Hong Kong’s finance chief has said, as he laid out how the city is bolstering its role as a “superconnector” amid geopolitical challenges. Financial Secretary Paul Chan Mo-po said on Sunday that the…
The two-day Shanghai Cooperation Organisation (SCO) summit that concluded in Tianjin on September 1 was a significant diplomatic triumph for President Xi Jinping and Beijing. The forum sought to burnish China’s geopolitical profile as a reliable interlocutor and an alternative voice for stability in global governance. SCO summits tend to be low-key and do not…