Hong Kong

News

Hong Kong Growth Beats Expectations

The Hong Kong economy in the first quarter of the current year demonstrated growth rates that significantly exceeded preliminary expectations for the dynamic of the corresponding indicator.

Blockchain & Crypto

Hong Kong Crypto ETFs Begin Trading

Spot Bitcoin and Ethereum exchange-traded funds (ETFs), the first crypto ETFs in Asia, have officially gone live in the Hong Kong stock market today.

Blockchain & Crypto

Hong Kong Approves Bitcoin and Ethereum ETF

Moving ahead of the U.S. regulators, the SEC of Hong Kong has officially approved both Bitcoin and Ethereum ETF products from major local asset managers.

Finance & Economics

Hong Kong Retail Sales Demonstrate Growth

On Wednesday, April 3, official data were published, according to which an increase in retail sales was recorded in Hong Kong in February.

Blockchain & Crypto

Hong Kong Launches Wholesale CBDC Project

In Hong Kong, the local financial regulator announced the launch of the wholesale Central Bank Digital Currency (CBDC) project.

News

Hong Kong Property Stocks Demonstrate Growth

In Hong Kong, an increase in the share price of local developers was recorded after Financial Secretary Paul Chan announced the cancellation of measures to cool property as part of efforts to normalize the state of affairs in the real estate sector, which found itself in a difficult situation amid the impact of negative factors […]

News

HSBC to Improve Ties With Hong Kong Unit

HSBC intends to tighten risk management in its Hong Kong unit Hang Seng Bank.

News

Spot Bitcoin ETF Application Registered in Hong Kong

Following the approval of several spot Bitcoin ETF applications in the U.S., regulators in Hong Kong see the first financial institutions trying to jump on the crypto ETF bandwagon.

Fintech & Ecommerce

Goldman Sachs Increases Loan Facility to Hong Kong Fintech Firm FundPark

Hong Kong-based fintech startup FundPark, which specializes in providing trade finance to small and medium-sized enterprises, announced that it managed to raise $500 million from Goldman Sachs.

News

Hong Kong Proposes New Regulatory Regime for Stablecoin Issuers

In Hong Kong, local financial authorities have proposed to develop and implement new regulatory rules for issuers of stablecoins, which can be described as a reaction to ongoing changes in the sphere of virtual assets.

News

Economists Worsen Hong Kong’s Growth Outlook

Experts suggest that the growth rate of the Hong Kong economy this year and in 2024 will be less intense than initially expected.

News

Ant Group Partners PayNet for Cross-Border Digital Payments

Travellers with Ant Group’s Alipay+ partner e-wallets from China, Hong Kong, Philippines, Mongolia, Macau, Japan, South Korea and Thailand can now make QR payments at over 1.8 million PayNet’s DuitNow touchpoints across Malaysia

Blockchain & Crypto

Israel and Hong Kong Finish Retail CBDC Test

Project Sela leveraged the diverse experience of the central banks of Israel and Hong Kong to create a retail central bank digital currency (CBDC)

News

HK Virtual Insurer OneDegree Raises $27 Million in Funding Round

Virtual insurance company OneDegree Hong Kong announced the raising of investment funds, the amount of which amounted to $27 million.

Blockchain & Crypto

Bank of China Investment Arm Issues Tokenised Notes

The new tokenised notes are the first product of its kind not only in China but also the whole Asia Pacific region constituted under Hong Kong and Swiss laws and tokenised on the main Ethereum blockchain

News

Hong Kong Eyes Stablecoin Regulatory Regime by 2024

While the Western world is discussing the regulation of stablecoins, Hong Kong is taking concrete measures to create a regulatory framework for the process of using cryptocurrency, which is tied to traditional financial assets.