stablecoins

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Leather goods maker soars 68% after investing US$14 million in tokensation start-up

Leather goods manufacturer China International Development Corporation (CIDC) has invested HK$100 million (US$13.9 million) to acquire a 20 per cent…

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Citigroup to explore stablecoins as Hong Kong and US regulations evolve

Companies are eager to explore the advantages of stablecoins as the world shifts rapidly towards instantaneous payments, clearing and settlements,…

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Shanghai SASAC meeting signals softer stance on stablecoins after Hong Kong legislation

Shanghai looks set to lead the charge on stablecoin deployment in China, as the country’s biggest metropolis explores how the…

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New Business

Exclusive | Hong Kong’s digital-asset strategy aims to solve ‘real economy problems’, Chris Hui says

Hong Kong will facilitate more use cases for stablecoins and other tokenised financial products, part of the city’s effort to…

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New Business

China’s state-asset watchdog explores potential role of stablecoins, other digital assets

The State-owned Assets Supervision and Administration Commission (SASAC) in Shanghai said SOEs must “maintain a keen awareness of emerging technologies”…

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Hong Kong banks can leverage AI and trade changes for growth amid global challenges: KPMG

The adoption of artificial intelligence (AI) and corporate realignment in response to trade and tariffs is expected to present significant…

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Hong Kong to study Beijing’s monetary policy, weigh risks before issuing yuan stablecoins

Hong Kong will assess the risks and study Beijing’s monetary policies before launching yuan-pegged stablecoins to bolster the internationalisation of…

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Crypto confiscated in Beijing to be liquidated in Hong Kong through licensed exchanges

Beijing’s police authority has unveiled a plan for liquidating cryptocurrencies confiscated in criminal cases by selling them through licensed exchanges…

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New Business

As stablecoins grow, Hong Kong’s US dollar peg seen as advantage despite Web3 challenges

The growing strength of stablecoins as a bridge between Web3 and traditional finance could give an edge to markets like…

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New Business

Tokenisation a ‘defining trend’ for Web3 in Hong Kong as city hosts major Consensus event

Hong Kong is intensifying its focus on tokenisation and stablecoins to bolster its Web3 industry, the financial services secretary said…

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