HONGKONG
HKMA Releases June 2024 Quarterly Bulletin Highlighting Banking Sector Developments
The Hong Kong Monetary Authority (HKMA) published its June 2024 Quarterly Bulletin, focusing on recent banking sector developments.
HKMC Releases 2023 Annual Report Highlighting ESG Initiatives
The Hong Kong Mortgage Corporation Limited (HKMC) has published its 2023 Annual Report, focusing on business performance, financial position, and ESG initiatives.
SFC Celebrates 35 Years, Outlines Future Vision for Hong Kong’s Capital Markets
The Securities and Futures Commission (SFC) marks its 35th anniversary, detailing strategic plans for Hong Kong's financial future.
SFC Commends Progress on Mainland-Hong Kong Mutual Recognition of Funds Enhancement
SFC welcomes advancements in Mainland-Hong Kong Mutual Recognition of Funds enhancements.
Hong Kong Monetary Authority Announces 2.00% Interest Rate for iBond Series
HKMA sets 2.00% interest rate for iBond Series' sixth payment.
Hong Kong's Foreign Currency Reserve Assets Reach $417.2 Billion in May 2024
Hong Kong’s foreign currency reserves hit $417.2 billion in May 2024, per the HKMA.
Hong Kong Monetary Authority Reports April Foreign Currency Reserves
HKMA releases data on Hong Kong's foreign currency reserves and liquidity for April 2024.
HK SFC: Two Former Brokers Sentenced to Jail Over False Trading
Two former brokers face jail for false trading in Hong Kong.
Dubai Prince's Hong Kong Office Warned by US SEC, MTR Listed as Untrustworthy
The Hong Kong office of Sheikh Ali Rashed Ali Saeed Al Maktoum, a member of the ruling family in Dubai, has received a warning from the US Securities and Exchange Commission (SEC) regarding their involvement in cryptocurrencies. Additionally, the Hong Kong subway operator, MTR Corporation, has been listed as an untrustworthy company.
Over 220 Web3 Companies Settle in Hong Kong, Boosting Virtual Asset Development
Hong Kong has welcomed over 220 Web3 companies from 20 countries and regions, focusing on sectors like virtual asset exchanges, blockchain infrastructure, network security, and payment services, aiming to balance development with regulatory frameworks.
Hong Kong Crypto Exchange HKVAEX Announces Phased Shutdown
HKVAEX, a Hong Kong-based cryptocurrency exchange, has initiated a phased suspension of their services, leading to a complete shutdown by May 1, 2024.
Hong Kong to Pioneer Web3 Financing Platform for SMEs in the Greater Bay Area
NPC delegate Wu Jiezhuang proposes the creation of a Web3 financing platform in the Greater Bay Area to foster SME innovation and international expansion.
Hong Kong's 2024 Budget Introduces 'Regulatory Sandbox' for Stablecoin Testing
Hong Kong to launch a 'regulatory sandbox' for testing stablecoin issuance and business models, as outlined in the city's 2024 budget plan.
Hong Kong to Submit Virtual Asset OTC Trading Licensing Scheme Bill
Hong Kong's Financial Secretary, Christopher Hui, plans to introduce a licensing scheme for virtual asset OTC trading platforms to combat crime and promote transparency in digital transactions.
Hong Kong Authorities Warn Against MEXC Impersonation Scam
Hong Kong's SFC and Police have issued an alert over a fraudulent entity masquerading as MEXC, tricking investors into depositing funds with promises of investment returns, highlighting the increasing vigilance against crypto frauds.
