Hong Kong - page 3

News

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.

Science & Technology

Google, Microsoft and OpenAI Limit AI Tools in Hong Kong

Big Tech of the USA applies the practice of blocking access to chatbots based on artificial intelligence to Hong Kong residents, as reported by the media.

News

HSBC Launches ESG Index

HSBC has launched a global index that uses artificial intelligence to assess the improvement of the company’s ESG indicators and their potential in terms of the possibility of influencing the growth of financial dynamics.

News

UAE and Hong Kong Strengthen Financial Cooperation

The Central Banks of the United Arab Emirates (UAE) and Hong Kong held a bilateral meeting to enhance collaboration between the two financial services sectors, including cooperation on virtual asset regulations

Finance & Economics

HKMC Pilots Infrastructure Loan-Backed Securities

The Hong Kong Mortgage Corporation Limited (HKMC) successfully completed its first issuance of infrastructure loan-backed securities under the pilot scheme on infrastructure financing securitisation

Fintech & Ecommerce

HSBC Hong Kong Debuts POS Financing for B2B Sales

The Hong Kong division of the banking giant HSBC has announced the launch of a B2B transaction financing tool.

Finance & Economics

ByteDance Co-Founder Sets Up New Venture Firm in Hong Kong

Co-founder of ByteDance Ltd. Zhang Yiming founded a company specializing in investment activities in Hong Kong.

Blockchain & Crypto

Hong Kong Securities Regulator Starts Accepting License Applications from Crypto Exchanges

Applications for crypto trading platform licenses in Hong Kong will start being accepted on June 1, as soon as existing guidelines are officially updated

Fintech & Ecommerce

Jack Ma-Backed Ant Weighs Introduces Investor in HK Bank Unit

The media, citing informed sources, report that Ant Group Co. is currently exploring the possibility of selling a stake in its virtual banking division in Hong Kong.

Finance & Economics

HSBC Foils Plan by Major Investor to Break Up Bank

HSBC managed to stop the attempt of the largest shareholder of this financial institution to divide the bank during the annual general meeting, which rarely takes place in an atmosphere of goodwill and absolute peacefulness.

News

Hong Kong Considers Cryptocurrencies as Property

The recent ruling of a Hong Kong court suggested that cryptocurrencies have property attributes, giving local insolvency practitioners greater clarity in terms of digital assets

Finance & Economics

HSBC Grants Its First Green Loan in Hong Kong

HSBC Bank has granted its first green loan to a climate-mitigation technology firm based in Hong Kong. The borrower is fighting global warming with emissions reduction projects on the construction sites

Finance & Economics

Hong Kong Welcomes Crypto Trading With New Policies

Hong Kong proposes milder crypto regulations that would let retail investors trade certain “large-cap tokens” on licensed exchanges, emerging as one of the new hubs for the virtual asset industry