Hong Kong Archives - Page 2 of 3

Hong Kong Crypto Group Claims New Law Will Limit People’s Bitcoin Access

December 24, 2020

Hong Kong crypto group claims new law will limit people's bitcoin access. The Bitcoin Association of Hong Kong is appealing to regulators to consider the effect of incoming laws on the digital innovation agen...

HKMA, PBoC Initiate Talks for Digital Yuan Testing in Hong Kong

December 7, 2020

Hong Kong Monetary Authority (HKMA) has initiated talks with the People’s Bank of China’s Digital Currency Institute to test digital yuan in the autonomous administrative region, HKMA CEO, Eddie Yue revealed....

China’s Central Bank Pilots Digital Yuan For Payments To Hong Kong

December 5, 2020

China's central bank pilots digital yuan for payments to Hong Kong.China's central bank and the Hong Kong Monetary Authority (HKMA) are in the early stages of piloting the digital yuan for cross-border paymen...

Hong Kong to Mandate Crypto Exchange Regulations

November 3, 2020

Hong Kong’s Securities and Futures Commission (SFC) will mandate the regulations of all cryptocurrency trading platforms operating in its jurisdiction. The confirmation came from Ashley Alder, Chief Executiv...

Hong Kong Central Bank Willing to Test Digital Yuan

October 21, 2020

The Hong Kong Monetary Authority (HKMA) has confirmed that it is willing to collaborate with the People’s Bank of China (PBoC) for the trials of digital yuan in the special-administrative region. Answering a...

Genting Hong Kong’s German shipyard granted US$227 million government subsidy

October 8, 2020

Embattled cruise ship operator Genting Hong Kong is set to receive a €193 million (US$227 million) subsidy from Germany’s government to continue operations at its German shipyard MV Werften. The cash handout...

Genting Hong Kong says creditor response positive despite US$743 million net loss in 1H20

August 29, 2020

Asian cruise ship operator Genting Hong Kong has described its creditors as being supportive of efforts to restructure its debt coverage following the suspension of all loan repayments due to growing financia...

Genting Hong Kong to suspend all payments to creditors as subsidiaries default on obligations

August 20, 2020

Genting Hong Kong has revealed it will temporarily suspend all payments to the group’s financial creditors, including interest and charter payments, in order to preserve liquidity amid growing COVID-19 pressu...

Hong Kong Enterprises Embrace Blockchain

June 7, 2020

Hong Kong enterprises embrace blockchain. Blockchain firms are increasingly dominating Hong Kong’s financial technology sector, with 39% of new firms launching in the country’s fin-tech industry last year ope...

Chinese Govt Advisors Propose Stablecoin for Cross-Border Payment

May 22, 2020

A group of top Chinese government advisors has submitted a proposal for a regional digital currency backed by four fiats – Chinese yuan, Hong Kong dollar, Japanese yen, and Korean won. The proposal was made ...