Hong Kong Financial News

Standard Chartered, a British multinational bank, will initiate exchange services for China’s central bank digital currency (CBDC), the digital yuan, as it is set to participate in its trials.

Police in Hong Kong have begun investigating the crypto trading platform after more than 130 people said they had been scammed.

Disney enthusiasts are not only treated to a recently opened "World of Frozen" at Hong Kong Disneyland but are also teased with what lies ahead in Disney's ambitious global expansion plans. From enhanced parks and cruise lines to fresh experiences, the entertainment giant is gearing up for a transformative journey that extends far beyond the enchanted kingdom of Arendelle.

British multinational bank Standard Chartered will partake in trials of China's digital yuan central bank digital currency (e-CNY CBDC), one of the first foreign banks to do so in the country.

A one-year grace period for cryptocurrency exchanges operating in Hong Kong will remain in place despite recent scandals.

Hong Kong cryptocurrency exchange HKVAEX has not applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has said.

Crypto exchange HKVAEX, which is reportedly backed by Binance, has applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC). 

Investing.com-- Most Asian stocks fell on Monday tracking weak signals from China, while anticipation of a string of key economic readings this week kept markets largely on edge.

The JPEX incident has prompted the Hong Kong government to expedite the approval process for cryptocurrency products to promote compliance in the industry.

The trade of BC Technology Group Limited's shares on The Stock Exchange of Hong Kong Limited will be halted beginning at 9:00 a.m. on Monday, November 13, 2023, according to an announcement made by the company. This decision was taken in advance of a scheduled announcement about a large deal, which is regarded as business inside knowledge.

Malaysia will scrap entry visa requirements for Indian citizens visiting the nation beginning December 1, Bloomberg reported, citing Prime Minister Anwar Ibrahim. Indian nationals may stay for up to 30 days visa-free, Anwar said in a speech at his People’s Justice Party’s annual congress in Putrajaya on Sunday. However, Indian nationals would be subject to security screening, he added. Along with Indian citizens, Chinese nationals will also be allowed visa-free entry from December 1, the prime minister said. Malaysia is counting on extra tourist arrivals — and their spending — to support economic growth. Anwar last month announced plans to improve visa facilities next year to encourage the entry of tourists and investors, “especially from India and China.” Malaysia will scrap entry visa requirements for citizens of China and India visiting the nation beginning Dec. 1, according to Prime Minister Anwar Ibrahim. Chinese and Indian nationals may stay for up to 30 days visa-free, Anwar said in a speech at his People’s Justice Party’s annual congress in Putrajaya on Sunday. This would be subject to security screening, he added.

Hu Ling made history on Saturday as the first Chinese film star to grace the red carpet of Taiwan's Golden Horse Awards since 2019. During that year, China had boycotted the prestigious awards show due to political tensions surrounding Taiwan's status as a self-ruled island.

Creditors of the crypto derivatives exchange CoinFLEX are alleging that the newly established creditor claims marketplace OPNX, founded by bankrupt crypto hedge fund Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, wrongfully used CoinFLEX assets without their consent.

Hong Kong’s investment management firm, Victory Securities has obtained approval to offer digital asset services to retail clients expanding the country’s number of cryptocurrency licences.

India is formulating regulations to oversee deepfakes, the country’s Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw said on Nov. 23, expanding on Prime Minister Narendra Modi’s statement the day before about his concerns about the technology.

The brokerage firm Interactive Brokers Hong Kong has been licensed in Hong Kong for virtual asset trading by retail clients, according to a post on LinkedIn by the Managing Director for Asia Pacific at Interactive Brokers, David Friedland.

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According to several industry experts, Binance and its founder, Changpeng Zhao (CZ), pleading guilty to US anti-money laundering laws could pose challenges to the cryptocurrency exchange’s ambitions in Hong Kong.

Hong Kong’s Hospital Authority is planning to tackle a noteworthy rise of two superbugs — vancomycin-resistant enterococci and Candida auris — with the help of artificial intelligence (AI). 

Singapore’s blockchain-powered private markets exchange, ADDX, has listed a deep-value equity fund managed by Aggregate Asset Management (AAM) to its platform.

By Stella Qiu