Standard Chartered Bank – Charm

Hong Kong bank manager guilty in HK$21 million fraud against Japanese investors

Cs news5 months ago02 mins

A former manager at Standard Chartered Bank has admitted helping an illegal syndicate deceive Japanese investors into pouring more than 400 million yen (US$2.7 million) into projects in Africa, following an investigation by Hong Kong’s anti-corruption agency. The Independent Commission Against Corruption (ICAC) said on Monday that Leung Ho-yin, a former relationship manager at the…

My Take | Hong Kong’s stablecoin ambitions offer Beijing a channel to bring yuan into crypto world

Cs news8 months ago03 mins

China is not a fan of cryptocurrencies. Over the past decade, the Chinese government has built up one of the world’s most hostile regulatory frameworks against cryptocurrency-related activities, including trading and mining. Beijing views digital assets like bitcoin as a threat to the country’s financial stability and capital account controls, and even a challenge to…