Mainland Chinese student Corner Zhang, 18, is searching for a place to stay for his second year at a university in Hong Kong after his application for campus housing was rejected. He had a shared dormitory room for his first year, but publicly funded Baptist University in Kowloon Tong has not assured him of accommodation…
Hong Kong passed a stablecoin bill that will enable the region to establish a licensing regime for fiat-backed stablecoin issuers. “Hong Kong’s stablecoins are backed by fiat currency as underlying assets, and we welcome global enterprises and institutions interested in issuing stablecoins to apply in Hong Kong,” legislative council member Johnny Ng said on X…
What’s going on here? CME Group is in discussions to include Hong Kong in its aluminum contracts delivery network, marking a significant push to strengthen its presence in Asia’s metals market. What does this mean? CME Group, a leading figure in derivatives trading, views Hong Kong as a key hub for its aluminum contracts. This…
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….
Today Hong Kong’s Legislative Council passed the Stablecoin Bill for fiat-referenced stablecoins. The legislation is expected to come into force later this year and is seen as a key pillar in Hong Kong’s desire to maintain and enhance its position as an international financial center. Last year the Hong Kong Monetary Authority (HKMA) launched a…
“Unreasonable” tax audit of some Hong Kong media: Press union (Photo: AP) At least five local media outlets in Hong Kong and multiple journalists had their taxes from years ago audited on “unreasonable grounds”, a press association said Wednesday.Hong Kong’s press freedom ranking has plummeted since Beijing cracked down on dissent after huge, sometimes violent…
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….
The 56-year-old landmark Grand Ocean Cinema in Tsim Sha Tsui will lower its curtains for good on June 2 when the tenancy contract for its operator ends, marking the latest in a string of movie theatre closures in the city. Cinema chain operator Golden Harvest announced on Wednesday that the venue was shutting down, becoming…
Real-time Estimate Cboe BZX 12:29:42 2025-05-21 pm EDT 5-day change 1st Jan Change 86.70 USD -2.95% -6.15% +2.97% Published on 05/21/2025 at 10:39 This article is reserved for members Unlock the article: REGISTER NOW! © MT Newswires – 2025 Baidu says domestic tech will shield AI push from US curbs 10:45am RE Baidu says domestic…
Hong Kong authorities have reviewed the taxes of at least 20 reporters and their family members for allegedly under-reporting their income and have asked them to prepay about HK$1 million (US$127,770), the city’s largest journalism group has said, arguing there was insufficient evidence for the reassessments. The Hong Kong Journalists Association also said on Wednesday…