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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Hong Kong IPOs raise over US$9.7bil so far in 2025

Hong Kong IPOs raise over US$9.7bil so far in 2025

HONG KONG, May 25 (Bernama-Xinhua): Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said on Sunday that Hong Kong’s IPO fundraising has surpassed 76 billion HK dollars (about US$9.7 billion) so far this year, soaring sevenfold year-on-year and reaching nearly 90 per cent of last year’s total. Chan said in…

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