Hong Kong Restricts Tiananmen Events as US, Taiwan Urge Remembrance

On the 36th anniversary of China’s 1989 Tiananmen Square crackdown, Hong Kong imposed tight security and activists faced police pressure, while Taiwan and the U.S. stressed the importance of remembering the pro-democracy bloodshed. The events on and around …

Hong Kong Stablecoins Bill passed by LegCo

Stablecoins[1] are cryptocurrencies with values tied to fiat currencies or other assets, and are often said to be “pegged to” a single or a basket of fiat currents and/or other assets.[2] Given the capacity of stablecoins to maintain stable value …

Hong Kong to permit crypto derivatives for professional investors: Report

Hong Kong’s securities regulator aims to introduce digital asset derivatives trading for professional investors as part of a broader strategy to expand product offerings and reinforce the city’s role in the global digital asset market, local media reported …

Hong Kong Has All But Abandoned the Dollar Peg

(Bloomberg Opinion) -- Interest rates in Hong Kong have been eerily low, raising the question of whether the city’s dollar peg is now in name only.  Hong Kong surrendered its monetary autonomy decades ago, thanks to a unique mechanism that restricts its …

Ship Recycling Activity Under the Hong Kong Convention Influence

The impending enforcement of the Hong Kong Convention is bringing some turbulence in the ship recycling market, as compliance is a key factor. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “as the …

Relief for India as eight players get Hong Kong visas after 15-day wait

Legislation on stablecoins a milestone for Hong Kong

Hong Kong's introduction of the world's first dedicated legislation on fiat-referenced stablecoins — a type of cryptocurrency — marks a significant milestone in the city's push to solidify its status as a global financial hub that pioneers in …

China's finance ministry issues 12.5 billion yuan of treasury bonds in Hong Kong

BEIJING, June 4 (Xinhua) -- China's Ministry of Finance on Wednesday issued this year's third batch of yuan-denominated treasury bonds -- worth a total of 12.5 billion yuan (about 1.74 billion U.S. dollars) -- in the Hong Kong Special …

Hong Kong Again Stifles Commemoration of Tiananmen Massacre

This Wednesday, June 4 marks the 36th anniversary of the 1989 Tiananmen Massacre. Hongkongers had for decades commemorated the date with a large-scale vigil at Victoria Park, until the 2020 National Security Law made such public demonstrations subject to …

Top Numerical Tools Up For Hong Kong IPO

The company hopes to cash in on domestic substitution by manufacturers to boost sales of its high-end machine tools Key Takeaways: Top Numerical has filed for a Hong Kong IPO, reporting it moved into the black last year with a profit of 8.88 million yuan …