Hong Kong striving to create favourable environment for stablecoins: Paul Chan

Hong Kong striving to create favourable environment for stablecoins: Paul Chan

Hong Kong authorities will strive to create a conducive environment for the wide-ranging application of stablecoins in a bid to provide practical help for businesses to resolve cross-border payment issues, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po on Sunday reaffirmed the government’s efforts in applying fintech to resolve long-standing “pain points”…

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The electronic display board at the Connect Hall in the Hong Kong stock exchange building on May 20, 2025. Photo: Xinhua

Hong Kong to act as launch pad for Chinese companies’ global push in pact with Shanghai

Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an action plan signed on Wednesday with Shanghai to connect the premier onshore commercial city with the nation’s offshore financial hub. The two cities will expand the decade-old connect programme linking the stock markets of Shanghai…

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The electronic display board at the Connect Hall in the Hong Kong stock exchange building on May 20, 2025. Photo: Xinhua

Hong Kong to act as launch pad for Chinese companies’ global push in pact with Shanghai

Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an action plan signed on Wednesday with Shanghai to connect the premier onshore commercial city with the nation’s offshore financial hub. The two cities will expand the decade-old connect programme linking the stock markets of Shanghai…

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Hong Kong’s stablecoin law to take effect in August, building on virtual asset licensing

Hong Kong’s stablecoin law to take effect in August, building on virtual asset licensing

Hong Kong’s new stablecoin ordinance, which requires issuers of assets backed by fiat currency to be licensed, is set to take effect on August 1, according to a government announcement on Friday. The city’s Legislative Council passed the bill regulating stablecoins – a type of cryptocurrency backed by a reference asset, usually fiat currencies such…

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