When Yan Jun was looking around last year for a stock market to raise capital for his Beijing-based traffic-control software company, the engineer and chairman thought he was spoiled for choice. He could sell shares of his 10-year-old company AICT on one of the three mainland exchanges – Beijing, Shanghai and Shenzhen – that together…
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…
Hong Kong lawmakers passed a law on Wednesday that establishes a regulatory regime for stablecoins, paving the way for issuers to obtain licences and sell the digital assets to the public. A stablecoin is a type of cryptocurrency that is pegged to a specific reserve asset, such as the US dollar or any fiat currency….
Hong Kong lawmakers passed a law on Wednesday that establishes a regulatory regime for stablecoins, paving the way for issuers to obtain licences and sell the digital assets to the public. A stablecoin is a type of cryptocurrency that is pegged to a specific reserve asset, such as the US dollar or any fiat currency….
Hong Kong Chief Executive John Lee Ka-chiu has started his official visit to Qatar, meeting the Gulf nation’s leader, prime minister and head of its sovereign wealth fund on Sunday. The government released photos of Lee meeting the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, and separately the prime minister and foreign affairs…
Hong Kong and the EU have pledged to strengthen ties in areas such as decarbonisation, even as the bloc’s top representative to the city said they would continue to critique the financial hub in a “constructive manner”. Delivering a pair of opening remarks at an event on Friday to mark Europe Day, both Harvey Rouse,…
Hong Kong and the EU have pledged to strengthen ties in areas such as decarbonisation, even as the bloc’s top representative to the city said they would continue to critique the financial hub in a “constructive manner”. Delivering a pair of opening remarks at an event on Friday to mark Europe Day, both Harvey Rouse,…
HSBC, Hong Kong’s biggest lender, received regulatory approval to set up a captive insurer, marking the latest step in the city’s development as a risk-management centre, the bank said on Friday. A captive insurer is one set up by its parent company to provide the parent and other companies in the group with insurance protection…
The London Metal Exchange (LME) has approved four warehouse facilities in Hong Kong, extending its global network to the doorstep of mainland China, the world’s largest consumer of metals. The new facilities would be able to begin storing seven of the 14 LME-approved metals within three months, the exchange said in a statement on Tuesday….
Hong Kong will introduce a series of measures for family offices to set up operations, boosting the city’s standing as a leading financial centre, according to Financial Secretary Paul Chan Mo-po. “This year, in addition to our existing tax concessions for single family offices, we will expand exemptions for funds, enhance concessions for family offices…