Beijing limits the hype in stablecoins to contain the risks. Hong Kong introduces a new issuer regime, establishing a showdown in digital currency.
Hong Kong stablecoin bill’s client identity rules spark industry concern
The strict customer identification rules mandated in Hong Kong’s new stablecoin law could hinder adoption of the digital currency and the city’s competitiveness in global digital finance markets, …
Why Beijing’s Clampdown on Stablecoins Fuels Hong Kong’s Financial Revolution
Beijing limits the hype in stablecoins to contain the risks. Hong Kong introduces a new issuer regime, establishing a showdown in digital currency.
Animoca, Standard Chartered, and HKT Team Up for Hong Kong Stablecoin License Push
Animoca, Standard Chartered, and HKT formed Anchorpoint to seek a Hong Kong stablecoin license under new HKMA rules.
Exclusive: Thai gallery removes China-focused artworks after ‘pressure’ from Beijing
One of Thailand’s top art galleries removed, at China’s request, materials about Beijing’s treatment of ethnic minorities and Hong Kong from an exhibit on authoritarian governments, according to a …
Hong Kong’s New World shares, bonds surge on report of take-private talks
HONG KONG (Reuters) -Shares and bonds of Hong Kong property developer New World Development surged on Thursday after a media report on a potential take-private deal. Financial news provider Octus …
China Eyes RMB Stablecoin To Challenge Dollar Dominance After CBDC Plans Stall
China is pivoting from its digital yuan (e-CNY) to explore stablecoins amid growing use of USDT and USDC in trade. Hong Kong has passed new …
Hong Kong’s New World shares surge on report of take-private deal talks
Shares of Hong Kong developer New World Development rise sharply following reports of negotiations for a take-private deal with Blackstone, potentially worth up to $2.5 billion. Insights into the …
Real estate investor Cohen & Steers increases exposure to Mainland China and Hong Kong
Jon Cheigh of Cohen & Steers has increased exposure to China as they see fundamentals bottoming. He also says most developed markets have gone through yield curve repricing and that valuations have …
Hong Kong’s residential property transactions fall in July from a month earlier
Residential property transactions in Hong Kong fell in July after hitting a seven-month high in June, though activity remains steady, with analysts expecting a rebound in the second half of this year.