Tagged: hong kong

November 5, 2026 @ 2:35 am By Omar Faridi  |  

Hong Kong’s Legislative Council approved legislation on 4 November 2026 that obliges certain providers of digital-asset services to gather and retain detailed records of customer activity. The measure, formally titled the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework & Amended Common Reporting Standard) Bill 2026, incorporates… Read More

November 4, 2026 @ 11:14 pm By Michael Wong  |  

Banking major HSBC will establish an artificial intelligence and emerging technology institute in Hong Kong in the first quarter of 2027, Group Chief Executive Georges Elhedery said. The move comes as the global bank steps up investment in AI, blockchain, and quantum computing amid growing adoption… Read More

November 4, 2026 @ 9:25 am By Michael Wong  |  

Hong Kong is looking to deepen its technology ties with Shenzhen and accelerate the commercialisation of research and development as it seeks to strengthen its position in artificial intelligence and other emerging technologies, Chief Executive John Lee said on Monday. Speaking at the opening of… Read More

November 3, 2026 @ 6:41 pm By Omar Faridi  |  

Crypto.com is preparing to stop offering its consumer-facing mobile application to users in Hong Kong starting February 1, 2027, in a phased wind-down of retail services in the territory. The Singapore-based exchange confirmed the move in statements provided to Bloomberg, framing the decision as part… Read More

November 3, 2026 @ 6:58 am By Michael Wong  |  

Hong Kong is looking to expand its Fintech sector and develop new financial products using blockchain and tokenization. This comes as it seeks to maintain its position as a global financial center amid changes in how markets operate. Hong Kong Chief Executive John Lee said… Read More

November 2, 2026 @ 9:14 pm By Omar Faridi  |  

Hong Kong once served as a primary launchpad for Asia’s cryptocurrency sector. Early exchanges, trading desks, and developer communities took root in the city, drawn by its common-law framework, deep capital markets, and proximity to both mainland China and global finance. That foundation helped seed… Read More

November 2, 2026 @ 3:24 am By Michael Wong  |  

International Business Settlement Holdings (IBS) has agreed to buy AI chip designer QuantumCompute Solutions for HK$563 million ($72.4 million), marking an expansion into semiconductor design and edge computing. The Hong Kong-listed company signed an agreement with Brainwave Innovations, the seller, on October 30, according to… Read More

November 1, 2026 @ 10:04 am By Omar Faridi  |  

The London Metal Exchange (LME) is examining ways to convert physical metal stored in its approved warehouses in Hong Kong into digital tokens that market participants could use as collateral for loans and other financing. Sources familiar with the discussions say the effort aligns with Hong… Read More

October 31, 2026 @ 4:19 pm By Michael Wong  |  

Hong Kong bank deposits rose 0.4% in September, supported by an increase in foreign currency holdings, while Hong Kong dollar deposits declined, according to data from the Hong Kong Monetary Authority (HKMA). Total deposits with authorised institutions increased 0.4% during the month. Hong Kong dollar… Read More

October 30, 2026 @ 2:33 am By Omar Faridi  |  

HSBC (LON: HSBA) has introduced its inaugural stablecoin, HSBC RedCoin (ticker RCHKD), making the Hong Kong dollar-denominated token available through the PayMe by HSBC application starting 23 October 2026. Issued under a licence from the Hong Kong Monetary Authority (HKMA) and subject to the city’s… Read More

October 30, 2026 @ 2:20 am By Omar Faridi  |  

Hong Kong-based fintech PhotonPay has closed a $40 million Series C round to expand its stablecoin-centered Financial Operating System, aiming to link digital-asset liquidity more tightly with traditional banking, clearing, and card networks for everyday corporate use. Announced on October 29, 2026, the financing was… Read More

October 23, 2026 @ 1:18 pm By JD Alois  |  

Hong Kong has selected blockchain firm Solana (Nasdaq: HSDT) to establish or expand operations in the region. Solana is the only blockchain infrastructure company selected by the Office for Attracting Strategic Enterprises (OASES) in 2026, joining enterprises such as Pfizer, GSK, Roche, Dassault Systèmes, DiDi and… Read More

October 20, 2026 @ 3:42 am By Michael Wong  |  

Hong Kong Exchanges and Clearing Ltd (HKEX) has launched a joint index with S&P Dow Jones Indices combining Hong Kong-listed technology companies with large-cap US stocks, according to an announcent. The index offers investors exposure to both markets through a single benchmark. The S&P 500… Read More

October 20, 2026 @ 1:15 am By Omar Faridi  |  

Hong Kong police have recently documented more than 110 complaints of unauthorized credit card charges tied to pre-orders of Apple’s (NASDAQ: AAPL) new foldable iPhone Duo. The reports began arriving after online reservations opened on Friday evening at 8 p.m., with the single largest transaction… Read More

October 17, 2026 @ 1:50 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has introduced a framework to guide the responsible use of artificial intelligence (AI) in the banking sector. The move comes as as financial institutions explore AI systems capable of planning and executing tasks with greater autonomy. The “ART” Framework… Read More

October 11, 2026 @ 4:34 pm By Michael Wong  |  

Hong Kong’s exchange-traded product (ETP) market has expanded sharply, with daily turnover rising 3.6 times since 2023 to account for nearly one-fifth of trading on the stock exchange’s Main Board, Securities and Futures Commission (SFC) Chief Executive Julia Leung said. The growth reflects efforts to… Read More

October 5, 2026 @ 3:27 am By Michael Wong  |  

Hong Kong-listed Web3 Meta Limited reported an 80% increase in annual revenue as it expanded its digitalization platform and cultural industry business, although higher operating expenses pushed its net loss wider. Revenue for the year ended June 30, 2026 rose to HK$80.1 million from HK$44.5… Read More

October 1, 2026 @ 7:21 pm By Omar Faridi  |  

HSBC (NYSE: HSBC) has taken a visible step toward introducing a regulated Hong Kong dollar stablecoin, announcing that the token will be called HSBC RedCoin. The name was disclosed on 30 September 2026 as the bank prepares a commercial rollout later in the year. Officials… Read More

October 1, 2026 @ 12:51 pm By JD Alois  |  

ZA Bank is one of the first approved digital banks in Hong Kong. This week, the company reported “sustained profitability.” According to a release, for the 6 months ending in June, the bank generated a net profit of HKD 70.6 million (~USD 9million), an increase… Read More

September 26, 2026 @ 12:39 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) and Bank Indonesia (BI) have signed a memorandum of understanding to strengthen cooperation on QR code-based cross-border payments between Hong Kong and Indonesia, as both sides seek to make transactions faster and more affordable. The MoU aims to establish… Read More