Hong Kong made a forward-looking move on digital assets last month by passing a landmark law to regulate the market for stablecoins. Such a regime, which is well ahead of many jurisdictions in Asia and North America, will help bolster public confidence in this popular and fast-growing financial sector. It showcases the city’s crucial role…
Film producer and actor Raymond Wong Pak-ming plans to plead not guilty to insider trading charges brought by Hong Kong’s securities watchdog, according to his legal representative. Wong, 79, is being prosecuted by the Securities and Futures Commission for alleged insider trading concerning shares in Transmit Entertainment, a television series production company previously known as…
Syfe, a Singapore-based robo financial adviser and digital investment platform operator, has raised US$80 million in its Series C funding round, as the company pushes to expand its wealth management product offerings in Hong Kong. This round includes new all-equity financing worth US$53 million at a significantly higher valuation, according to the fintech start-up’s statement…