45 h. ago Proposal for global minerals deal meets opposition as China looks away

Proposal for global minerals deal meets opposition as China looks away  Climate Home News

Politics

2 w. ago How Hong Kong’s law protects those drawn to crypto and virtual asset investments

In Hong Kong and elsewhere, digital currencies, cryptocurrencies (including stablecoins) and virtual assets are gaining in popularity and are rapidly becoming a mainstream asset class, with retail investors increasingly buying into them. Here in the city, new and groundbreaking legislation has been introduced to implement a regulatory framework which specifically addresses virtual assets, cementing Hong Kong’s status as an innovative global financial hub. The incursion of cryptocurrencies and...

Politics

3 w. ago Hong Kong prices world’s first bonds with tokenised settlement

The Hong Kong government priced a record HK$10 billion (US$1.3 billion) tokenised green bond offering on Monday, completing the world’s first government issuance to allow settlement using digital-fiat currencies as the city pushes to burnish its standing as a global hub for digital assets. “Hong Kong is uniquely positioned to connect traditional finance to the digital asset era,” said Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, in an announcement published by the...

Politics

3 w. ago Hong Kong extends digital bond ambitions with third offering

Hong Kong is marketing a new set of “digitally native” bonds denominated in multiple currencies, intensifying the city’s drive to become a global hub for digital assets. The government was looking to sell digital green bonds denominated in US dollars, Hong Kong dollars, euros and offshore yuan, according to people familiar with the matter. The deal could be priced as early as Monday, said the people, asking not to be identified discussing a private matter. If successfully priced, it would mark...

Politics

3 w. ago How Hong Kong’s currency exchange shops have become a dying breed

Currency exchange shops, once a ubiquitous feature of Hong Kong’s retail landscape, are in a gradual, irreversible decline, with their closure precipitated by the pandemic, stricter licensing regulations and adoption of an array of convenient digital payment systems. The number of registered currency exchange shops in the city has more than halved to around 1,050 from a peak of nearly 2,500 in 2018, before the social unrest and border closures brought tourism to a standstill for three years,...

Events

3 w. ago University College London's president hails China's global vision in proposed five

University College London's president hails China's global vision in proposed five-year plan  news.cgtn.com

Politics

4 w. ago China proposes global rules for central bank digital currencies

China proposes global rules for central bank digital currencies  Reuters

Politics