Eddie Yue Wai-man – Page 2 – Charm

Hong Kong SMEs generate new business by making use of their carbon-tracking technologies

Cs news4 months ago02 mins

Small and medium-sized enterprises (SMEs) say they have been generating new business by leveraging their carbon-tracking technologies, despite some financial uncertainties facing the broader sector. For Hong Kong start-ups like Urban Spring, which supplies smart water refilling stations, and EzyGreenPak, which makes sustainable packaging, using technologies that measure climate-related data throughout their production chains has…

HK finalizes regulatory framework on virtual-asset activities

Cs news5 months ago06 mins

Christopher Hui Ching-yu, secretary for financial services and the Treasury delivers speech at press conferences at the Central Government Offices in Admiralty on Feb 27, 2025. (ADAM LAM / CHINA DAILY) The government of the Hong Kong Special Administrative Region has welcomed the passing of the Stablecoins Bill by the Legislative Council (LegCo) on Wednesday….

Hong Kong passes stablecoin law, clearing way for licensed issuers to sell to public

Cs news5 months ago02 mins

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 passes stablecoin law, clearing way for licensed issuers to sell to public

Cs news5 months ago02 mins

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….

Given prevailing headwinds, Hong Kong has the big opportunity as an offshore yuan hub: CICC

Cs news6 months ago02 mins

Hong Kong faces an unprecedented opportunity as an offshore hub for the currency, despite what is broadly seen as short-term pressure on the yuan, according to investment bank China International Capital Corporation (CICC). In the past, depreciation was largely driven by a wide interest rate differential between the US dollar and the yuan, which prompted…

Wealth Connect 3.0: HKMA chief promises upgrades to boost appeal

Cs news7 months ago03 mins

The Hong Kong Monetary Authority (HKMA) is preparing to kickstart “Wealth Connect 3.0”, an enhancement of the cross-border mechanism for wealth-management products that would raise quotas and expand the product menu, according to its chief executive Eddie Yue Wai-man. The upgrade would also potentially expand the scheme to investors in regions of mainland China beyond…

Hong Kong’s Exchange Fund reports fifth-best annual return despite fourth-quarter loss

Cs news9 months ago02 mins

The Exchange Fund, Hong Kong’s financial war chest for defending the currency peg, reported a loss for the fourth quarter because of falling bond prices and a valuation loss on non-US dollar assets. For the full year, the fund reported its fifth-best annual return, as a diversified investment approach paid off. The investment return in…

Hong Kong’s Exchange Fund posts record 9-month gain of US$28.8 billion as markets rallied

Cs news11 months ago03 mins

The Exchange Fund reported one of its best quarterly returns as stock markets rallied in Hong Kong and the United States, as a diversified investment approach helped to swell the financial war chest for defending the city’s currency peg. The fund’s investment return more than doubled to HK$224.7 billion (US$28.8 billion) in the first nine…