Financial Services
Specific licensing regime needed for fiat-referenced stablecoins
Specific licensing regime needed for fiat-referenced stablecoins
Hong Kong is still a leader in tokenised asset markets with the government’s multi-currency digital green bond issuance.
Octopus expands payment options for visitors to Mainland China
The new seamless payment solution is available starting this December.
Gov't to adopt Crypto-Asset Reporting Framework to enhance transparency
It plans to begin automatic exchanges under the framework by 2028.
HKPC to offer two subsidy measures to strengthen industrialisation
A 30% concession of manpower cost will be offered to an applicant.
Mortgage loans up 9.5% to $19b in October
Applications increased month-on-month by 46.5% to 7,289.
HKUST launches new GenAI platform for financial services
The platform aims to help local financial institutions leverage AI technologies.
Hongkongers' monthly savings rise to $9,800
This represented a 10% increase from last year.
Hong Kongers turn to social media for financial advise: report
YouTube, Instagram, and Facebook are amongst the most popular platforms for Hong Kongers.
Two-thirds of Hong Kong entrepreneurs lack plans for wealth transfer
Entrepreneurs in Hong Kong lag global peers in succession strategies.
HK launches $20b retail infrastructure bond
It will be available in lots priced at $10,000 and a tenor of three years.
HKMA announces $1.5b tender for floating notes
Minimum tender amounts start at $50,000.
9 in 10 HK consumers won’t shop without preferred payment method
Four out of 10 shoppers also want payment authentications without redirects.
HKMA reduces base rate to 5% in response to US Fed rate cut
The US Fed imposed a 25bps cut to its federal funds rate.
HENRYs seeking loans surge 60% as living costs climb
The borrowers primarily applied for loans to repay debts and fund business expansions.
Foreign currency reserves hit US$21.4b in October
It decreased from US$422.8b in September.
Gov't rolls out finance course for seniors under Elder Academy scheme
It aims to expand the course to about 180 elder academies over the next three years.
4 in 5 SMEs report easier bank credit approvals in Q3
Some, however, said the process was more difficult.
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