Hong Kong is putting gold at the centre of its push to become a global commodities trading hub, with officials prioritising plans for an international gold trading centre alongside a broader strategy to expand the city’s role in physical trade, derivatives and logistics. The government’s newly formed Commodity Strategy Committee held its first meeting on…
The trust of late billionaire Nina Wang Kung Yu-sum has donated HK$100 million (US$12.8 million) to victims of the deadly Tai Po blaze, surpassing tycoon Li Ka-shing to become the second-largest single donor after the Hong Kong Jockey Club. Nina Wang Charity Management announced on Thursday that it would donate HK$100 million to support the…
Hong Kong has launched a public consultation regarding a system for sharing information on crypto assets with other governments in compliance with international standards as the city ramps up initiatives to develop as a digital-asset hub. The government has invited members of the public to share views about the implementation of the Crypto-Asset Reporting Framework…
Hong Kong was responsible for nearly half of the green bonds issued in Asia in 2024 and saw a surge in sustainability-related funds, as strong demand from regional mainland governments and start-ups raised the city’s stature as a finance hub for climate-friendly projects, according to a minister. Green bond issuance in Hong Kong last year…
CMB International Securities (CMBI), the brokerage arm of China Merchants Bank, said it received a virtual asset licence from Hong Kong’s Securities and Futures Commission, making it the first mainland broker to conduct cryptocurrency trading services and other activities in the city. The licence, issued on Monday, allowed CMBI to engage in a variety of…
The Hong Kong government has pledged to promote the public adoption of licensed stablecoins, unveiling a broad set of new digital asset (DA) policies as the city seeks to cement its role as a global cryptocurrency hub while serving as a test bed for Beijing’s fintech aspirations. In the “Policy Statement 2.0 on the Development…