Topic
Key developments in regulation of financial markets with a focus on those in Hong Kong and mainland China.
Bonnie Chan will need a little more luck than the Hong Kong bourse’s current CEO when she takes over in May next year
While China’s rainmakers have been essential to the country’s great market opening, corruption concerns and a changing geopolitical balance have seen them pushed to the sidelines.
As crucial meeting makes it clear China’s regulatory regime will only become tighter, the city stands to feel the benefit as being a bridge with the West
Why a downsized People’s Bank of China reflects major shifts in the nation’s financial governance strategy.
- Regulator said it would deepen its cooperation with Hong Kong through measures that aim to optimise the city’s status as an international financial centre
- Move comes days after Xia Baolong, Beijing’s top man on Hong Kong affairs, said more support policies were in the pipeline
Spot bitcoin and ether ETFs in Asia could be attractive to investors looking to avoid US tax laws, but the market is still relatively ‘tiny’.
Accounting firm vows investigation, possible legal action against creators of ‘fabricated’ letter circulating on social media, which names partners it claims were involved in ‘auditing failure’ tied to the indebted developer.
Bosera Asset Management, HashKey Capital, Harvest International and ChinaAMC are all working on spot crypto ETFs after the SFC’s first conditional approvals.
Laura Cha worked hard to elevate Hong Kong’s prominence on the international stage since she became the first and only female chairman of HKEX in 2018. As her tenure draws to a close, she believes that aim is no less important today.
HashKey will facilitate the sale and purchase of Toncoin, the native token of the TON blockchain, which was started by Telegram Messenger.
A document published by the nation’s cabinet on Friday promises to promote the ‘high-quality’ development of China’s capital market by strengthening supervision and guarding against risks.
All financial institutions licensed by the SFC should be required to submit ESG reports for the development of a comprehensive ecosystem of sustainability disclosures, City University of Hong Kong says.
China’s state-owned enterprises are shifting into new gears to raise their game and earnings by adding innovation and supply-chain security to their performance metrics, industry analysts said.
Police say 505,000 scam alerts sent to users of Faster Payment System (FPS) between launch of warning system in November and March.
Crypto industry executives were touting the benefits of bitcoin at the four-day Web3 Festival amid anticipation for the approval of spot ETFs this month.
China’s stockbrokers took another pay cut in 2023 as the double whammy of a slumping equities market and a government crackdown on corporate extravagance eroded the incomes of financial workers. Things don’t look much better this year, one fund manager says.
China will inspect vital finance and economy-related entities as part of a round of discipline inspections amid Beijing’s focus on a financial revamp.
The numbers do not lie, Hong Kong’s financial regulators told the HSBC Global Investment Summit on Tuesday. The city’s market has shown resilience and competence through several years of economic headwinds.
Those on trial include the owners of the Mossack-Fonseca law firm that was at the heart of the 2016 massive document leak. The often-delayed trial opened in Panama on Monday.
Hong Kong’s biggest licensed cryptocurrency exchange operator has launched a global trading platform, but it is not available in the US or China.
Sales of pre-owned homes in 25 major cities jumped by nearly 25 per cent in January and February, compared with the same period in 2022, as activity is on the rise in top-tier cities, analysts say.
While there were fewer exhibitors this year, the Web3 Festival has attracted a more international crowd with 80 per cent of participants from outside the city.
Tether CEO Paolo Ardoino’s new venture Holepunch has launched a peer-to-peer messaging app called Keet to aid the mission of ‘financial freedom’.
The Central Financial Commission, China’s major party organ overseeing the financial industry, has put forward its plan for the future orientation of the sector – and the reform necessary for it to get there.
China’s financial regulators could continue to lower financing costs as a means to shore up confidence, according to CCB chief financial officer Sheng Liurong.
HKVAEX is advising users to withdraw funds this month ahead of its May 1 shutdown, just three months after it submitted an application for a crypto licence.
China’s finance sector was once freewheeling, but new regulations and mandates from officials suggest banks’ new role looks beyond simple profit-seeking.
Bocom paints resilient picture for year ahead despite posting slower profit growth and warning about challenges from property sector.
HSBC Gold Token, which will be available on the lender’s online banking and mobile app, is the first such retail product to be issued by a bank, according to HSBC, as the government pushes for more digital assets to be rolled out for public use.
Singapore continues to outrank Hong Kong – albeit by a single point – as the top financial centre in Asia, according to the latest edition of the semi-annual Global Financial Centres Index (GFCI).
Senior central bank official says China’s monetary policies are ‘effective and obvious when compared with foreign central banks’.
The China-EU Working Group on Financial Cooperation has met for the first time, and analysts say that while such meetings between economic heavyweights are in the world’s best interests, progress may be slow to come.
Truong My Lan, chairwoman of real estate developer Van Thinh Phat Holdings Group, faces accusations of leading a scam of more than US$12 billion.
