Hong Kong Financial News
21.09 / 23:39
CBDC
Adoption
retail
retail CBDC
Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp
The Hong Kong Monetary Authority (HKMA) published a paper outlining the state of research on its proposed retail central bank digital currency (rCBDC) and plans for its further development. This is the third paper the HKMA has published on the e-HKD, as the proposed CBDC is called.
21.09 / 13:25
Digital
Could Hong Kong Monetary Authority Launching CBDC Help Digital Yuan Go Global?
The Hong Kong Monetary Authority (HKMA), the territory’s de facto central bank, is aiming to launch trials of the e-HKD, its central bank digital currency (CBDC), in the fourth quarter of this year. If successful, the initiative could facilitate the global rollout of the digital yuan, China’s CBDC project which continues its adoption drive across the nation.
21.09 / 02:13
Provident
Digital
e-HKD
Hong Kong to lay the foundations for e-HKD
In total, 75 responses were received during the consultation. Overall, respondents were found to be supportive of the initiative and believe that e-HKD has the potential to make payments more effective in a future digital economy.
20.09 / 19:37
16.09 / 18:13
16.09 / 12:59
UPS
China’s Downturn Moderates, Though Property Woes Linger
HONG KONG—China’s economy showed modest signs of improvement in August as stimulus measures kicked in, though renewed Covid-19 curbs and a worsening property downturn continue to damp the outlook for the world’s second-largest economy.
15.09 / 12:43
Strategy
HSBC
share price
HSBC looks to rising interest rates to bolster share price amid Ping An revamp push
LONDON — HSBC, Europe’s largest bank, is counting on rising interest rates to help revive its share price after a sluggish decade — and to fend off an attack from its biggest shareholder.
15.09 / 03:51
UPS
Citi
Job worries? Here's how China stacks up against the U.S. and other countries
BEIJING — More people in China and Brazil are worried about their jobs than in the U.S. and U.K., according to a survey by consulting firm Oliver Wyman released this month.
13.09 / 19:00
Blockchain
Ethereum
'I was there': Special NFTs allow you to celebrate Ethereum's Merge
The Merge is fast approaching — and the switch to a Proof-of-Stake blockchain will be the most significant moment in Ethereum's history.
13.09 / 17:33
Blockchain
Provident
Digital
Huobi
HashKey
Hashkey receives SFC’s approval to manage crypto portfolio- Decoding details
Hong Kong-based HashKey Capital Limited has beengranted a license from the Securities & Futures Commission (SFC) of Hong Kong to manage portfolios invested in 100% virtual assets.
12.09 / 21:55
Provident
Digital
CEO
Platform
DBS Bank joins hands with The Sandbox to enter the Metaverse
Singapore-based DBS Bank, Southeast Asia’s largest bank, has entered into a partnership with The Sandbox – A blockchain-based gaming world. In doing so, it has now announced its venture into the Metaverse.
06.09 / 13:01
Citi
CEO
PwC
Move-to-earn App STEPN to Land in Hong Kong's Cyberport
Move-to-earn app STEPN announced that is opening an office in Hong Kong despite COVID-19 restrictions and a tough regulatory environment.
05.09 / 21:47
business
Funding
Venture Capital
Blockchain incubator valued at $100M following NGC Ventures-led Series A
Blockchain-focused incubator and adviser PANONY has closed a Series A funding round backed by NGC Ventures, one of Asia’s largest crypto investment firms, putting the company on track to expand its portfolio and geographic presence.
05.09 / 12:27
CEO
Platform
Crypto Talk
Crypto Talk with OliveX's CEO Rumjahn: Move-To-Earn Fitness App & DOSE Token
Working out has become a trending conversation on social network platforms. Exercise, especially indoor-style, is influencing lifestyle amid a wide range of COVID-19 lockdowns globally.
05.09 / 10:01
Protests
London
Munich massacre at 50: How a hostage crisis marred the 1972 Olympics
On the night of 4 September 1972, the Israeli Olympic delegation returned to their apartment at Connollystrasse 31 in the north of Munich.
05.09 / 04:45
UPS
IPO
Cooper
The U.S. and China are one step closer to preventing stocks like Alibaba from delisting. What to watch next
BEIJING — The U.S. and China recently took a significant first step toward keeping U.S.-listed Chinese stocks like Alibaba from being forced off U.S. stock exchanges.
03.09 / 00:29
Blockchain
UPS
Hard Fork
Sept. 22 is the date for Cardano’s Vasil hard fork launch, 3 months after target date
Cardano has set September 22 as the date for its Vasil mainnet upgrade, founder of the blockchain Charles Hoskinson announced on his YouTube vlog Friday. The hard fork was originally scheduled for June of this year and rescheduled twice.
02.09 / 16:49
Will China’s Economy Surpass the U.S.’s? Some Now Doubt It
HONG KONG—The sharp slowdown in China’s growth in the past year is prompting many experts to reconsider when China will surpass the U.S. as the world’s largest economy—or even if it ever will.
01.09 / 14:39
Ethereum
Bitcoin
Tech giant Meitu loses over $43M of its crypto investment in bear market
Hong Kong tech giant Meitu made headlines in April last year after it reported nearly $100 million in crypto holdings. However, with the advent of the bear market, the tech firm has lost nearly half of the valuation of its crypto holdings.
01.09 / 13:51
Lowe's
Digital
BitStamp
Terra Luna
Low
Appetite for Crypto Amongst Institutional Buyers in Hong Kong is Low: New Report
The months-long headwinds in the cryptocurrency ecosystem are beginning to fuel disinterest amongst institutional investors in Hong Kong.
31.08 / 16:19
AML
Bitcoin
Anti-money laundering
Georgia aims to adopt European crypto standards for Anti-Money Laundering
Georgia, one of the world’s most cryptocurrency-friendly countries, is moving to introduce new crypto regulations to pursue its ambitions to become a global crypto hub.
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