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Those who tend to be the most passionate about Hong Kong’s new crypto regulation are fund managers, stock traders and others in traditional finance, observed Rachel Lin, CEO and co-founder of ...
Hong Kong previously introduced a voluntary licensing regime that restricted crypto platforms to clients with portfolios of at least HK$8 million, and HashKey is one of the two with the permit.
While Hong Kong is a magnet for financial talent, its neighbor to the south, Shenzhen, is home to some of the world’s largest tech companies, such as Huawei, DJI and Tencent.
Ho Sin Hang, chairman of the Hang Seng Bank, conceived the idea of creating the Hang Seng Index as a "Dow Jones Index for Hong Kong". [4] [5] Along with Hang Seng Director Lee Quo-wei, he commissioned Hang Seng's head of Research Stanley Kwan to create the index in 1964, [4] the index was initially used for internal reference in the Hang Seng Bank, they debuted the index on November 24, 1969.
The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. [ 15][ 16] Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, [ 17] and is pegged to the US dollar. [ 18 ...
Hang Seng Bank Limited ( Chinese: 恒生銀行有限公司) is a Hong Kong-based banking and financial services company with headquarters in Central, Hong Kong. It is one of Hong Kong's leading public companies in terms of market capitalisation and is part of the HSBC Group, which holds a majority equity interest in the bank. [ 2]
Hong Kong stocks on Thursday recorded their worst day in four months, after Goldman Sachs downgraded major Chinese banks on local government debt risks and the US Federal Reserve gave a hawkish ...
Hong Kong has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds and plans to conduct pilots in NFT issuance and CBDC.