People will soon be able to buy Ethereum-based investment tokens for concerts in March and April, laying the groundwork for the introduction of tokenised gold in Hong Kong, according to an industry leader. Esperanza Fintech Group CEO Dan Ronald Leung Wai-tsun said on Tuesday the initiative would test public appetite for tokenised assets through entertainment…
China’s energy-drinks giant Eastroc Beverage neither rose nor fell in its debut in Hong Kong on Tuesday amid investor caution following regulatory scrutiny of poor-quality listing applications. Shares of the Shenzhen-based company, which makes an alternative to Red Bull, opened at HK$248, matching the offer price. Eastroc raised HK$10.14 billion (US$1.3 billion) by issuing 40.89…
On January 13, the British-born corporate governance activist David Webb, who had made Hong Kong his home for the past 35 years, died. Like many who have come from near and far after finding success, he did much to contribute to our society and its fabric. Many of our city’s landmarks bear the philanthropic imprint…
Federated Hermes, a New York-listed asset-management firm, plans to set up a Hong Kong office to seize opportunities in Asia’s markets amid ongoing global geopolitical tensions. The company confirmed the move a year after CEO Chris Donahue said at the Asian Financial Forum (AFF) that the Pittsburgh-headquartered firm was considering a presence in the city….
The Hong Kong Monetary Authority (HKMA) issued requirements on Wednesday for banks to improve their services for elderly customers, as the proportion of the city’s population over the age of 65 increases rapidly. Banks will be required to upgrade their apps to meet the needs of elderly customers, improve branch facilities and ensure that staff…
David Webb, the corporate governance activist renowned for his free public database and his explosive “Enigma Network” exposé that rocked the Hong Kong stock exchange, has died aged 60 of metastatic prostate cancer. A notice posted on one of his social media accounts confirmed his death on Tuesday. He is survived by his wife and…
Under the five-year plan called Fintech 2030 that starts this year, the HKMA would expand the scope of the city’s generative AI sandbox to include more industries as a step towards enhancing risk management, fraud detection and customer experience, chief executive Eddie Yue Wai-man told the Post in a written interview. “The diversity of perspectives…
Hong Kong is expected to see a rise in bond issuance across multiple currencies in 2026, driven by rising demand for non-US dollar assets amid geopolitical tensions and government initiatives to strengthen the city’s capital markets, according to industry players. As part of efforts to promote the local bond market, the Hong Kong Monetary Authority…
Hong Kong has launched a public consultation regarding a system for sharing information on crypto assets with other governments in compliance with international standards as the city ramps up initiatives to develop as a digital-asset hub. The government has invited members of the public to share views about the implementation of the Crypto-Asset Reporting Framework…
Crypto exchange operator HashKey Holdings has launched its share sale in Hong Kong, testing investor appetite amid repeated warnings against virtual currencies by China’s central bank. Hong Kong’s largest licensed crypto player set its initial public offering (IPO) price range at HK$5.95 to HK$6.95 apiece for more than 240 million shares, according to a filing…