Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…
Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…
Foreign investors could become more confident about equity markets in Hong Kong and mainland China if enhancements were made to the Stock Connect programme, a financial industry group said, amid a rally driven by hopes for a policy shift from Beijing and enthusiasm about innovation in the technology sector. Lyndon Chao, managing director of the…
Hong Kong is preparing to turn the local stock market’s operations fully electronic and paperless from early next year, starting with a focus on turning stock ownership into scripless records, the city’s capital market regulator said. The Securities and Futures Commission (SFC) would initiate the five-year reform process from as early as January next year,…
Deribit, the world’s largest cryptocurrency derivatives exchange, aims to expand in Hong Kong, a sign of momentum as the market regulator looks to make the city a hub for virtual assets. The Dubai-based company was drawn to Hong Kong because of its position as an international financial hub and its vibrant community of family offices…
Hong Kong’s financial regulators have pledged to ease listing requirements for mainland Chinese companies, as they eye the city’s stock market as a source of funding to support their global ambitions. The market watchdog and the bourse operator would unveil proposed revisions later this year, aiming to lower the fundraising threshold, optimise market structure and…
Hong Kong secured billions of dollars in financial commitment from Saudi Arabia after one of the city’s biggest business delegations to the kingdom sealed almost a dozen deals for start-ups and collaboration accords over three days. Two days earlier, the Saudi incubator agreed to let start-ups at the Hong Kong Science and Technology Park (HKSTP)…
Hong Kong to Expand Licensing for Crypto Exchanges by Year-End Hong Kong’s Securities and Futures Commission (SFC) is set to issue more licenses for crypto exchanges and digital asset firms by the end of year. This announcement comes as the regulator aims to enhance compliance among Virtual Asset Trading Platforms (VATPs) operating in the region….
Hong Kong’s securities regulator has approved the city’s third cryptocurrency exchange, the first to be licensed under a two-year-old virtual-asset regulatory regime that has so far struggled to gain traction. Hong Kong Virtual Asset Exchange on Thursday obtained a licence for its trading platform HKVAX, according to an updated list on the Securities and Futures…
Hong Kong’s securities regulator has approved the city’s third cryptocurrency exchange, the first to be licensed under a two-year-old virtual-asset regulatory regime that has so far struggled to gain traction. Hong Kong Virtual Asset Exchange on Thursday obtained a licence for its trading platform HKVAX, according to an updated list on the Securities and Futures…