Hong Kong Monetary Authority

Issuers of eligible digital bonds may receive a maximum grant of $2.5m.

Banks and lenders now operate under a multiple credit reference agencies model.

Minimum tender amounts start at $50,000.

The US Fed imposed a 25bps cut to its federal funds rate.

It decreased from US$422.8b in September.

The youngest is Stephanie Lo, vice chairman of Shui On Land.Three Hongkongers were included in Forbes Asia’s Power Businesswomen 2024 for being the first women to step into their roles in their companies.The youngest of the three is Stephanie Lo, vice chairman of Shui On Land. Lo assumed the role in May, overseeing the China-focused property development arm of the Shui On Group, founded by her father, Vincent Lo.Also on the list is Clara Chan, CEO of Hong Kong Investment Corporation (HKIC). Prior to HKIC, Chan was a manager of direct investments at the Hong Kong Monetary Authority in 2010 where she handled the $39b bailout of Cathay Pacific during the pandemic.The third Hongkonger is Bonnie Chan, CEO of Hong Kong Exchanges and Clearing, who has overseen a notable increase in listings this year. In the second quarter, 18 companies went public compared to 12 in the first, raising 79% more funds.

Some, however, said the process was more difficult.

The initiative aims to enhance interbank cooperation whilst maintaining data privacy.

Its two subsidiaries already have collaborations planned in Saudi Arabia.

The use case integrates HSBC and Hang Seng’s networks with Ant’s Whale platform.

The bonds received RMB7.212b tender applications.

Digital bank account holders are willing to open more accounts with other digital banks.

The initiative will launch five new measures.

Meanwhile, the maximum debt servicing ratio for properties will be 50%.

Foreign liabilities stood at $26.6b.

The bank will set-out new guidelines shortly.