|
|
|
23.06.25 - 13:06
|
Beijing could use Hong Kong to test yuan-linked stablecoins: Morgan Stanley (SCMP)
|
|
China's central bank could use Hong Kong as a sandbox for testing digital payment alternatives to internationalise the yuan, but Beijing's digital currency ambitions face hurdles because of the country's economic challenges, according to Morgan Stanley.
Hong Kong has established the world's first regulatory regime for stablecoins – digital tokens that are pegged to a reference asset like a fiat currency – with the law taking effect from August 1.
The move positioned Hong Kong as a launch pad for......
|
|
22.06.25 - 03:36
|
China′s property slump drives Hong Kong investors to Japan amid yen weakness (SCMP)
|
|
Global investors, including those based in Hong Kong, are channelling their funds into Japan's residential property market as returns from assets in mainland China sag in the midst of a four-year slump, according to market consultants.
They ploughed in US$11.2 billion of capital into Japanese real estate in the first quarter, or 6 per cent above the five-year average, according to data compiled by Colliers, making it the fifth largest recipient globally. Investors from the US, Singapore and Hong......
|
|
20.06.25 - 13:00
|
China gives Hong Kong new yuan transfer cap as payment link starts (SCMP)
|
|
China's financial authorities have granted Hong Kong residents a new daily remittance quota for the renminbi, as a cross-border electronic transactions service prepares to kick off, linking 315 million users between the city and the mainland.
Starting from noon on Sunday, the 17 million registered users of Hong Kong's Faster Payment System (FPS) will be able to remit up to HK$10,000 (US$1,282) per day for each bank account to 298 million users on the mainland's Internet Banking Payment System......
|
|
|
|
19.06.25 - 06:06
|
Hong Kong to assess risks before launching yuan-pegged stablecoins (SCMP)
|
|
Hong Kong will assess the risks and study Beijing's monetary policies before launching yuan-pegged stablecoins to bolster the internationalisation of the Chinese currency, according to a local senior official.
Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, said during a panel on Wednesday at the Lujiazui Forum in Shanghai that while Hong Kong was technically ready to proceed, more time was needed to evaluate the advantages and disadvantages of issuing such a......
|
|
18.06.25 - 15:00
|
Hong Kong could serve as stablecoin test bed to raise yuan′s profile (SCMP)
|
|
Hong Kong could serve as a stablecoin test bed to boost the internationalisation of the yuan as Beijing puts more focus on the digital version of its currency, according to the chairman and CEO of HashKey Group.
“Due to its 'one country, two systems' characteristics, Hong Kong's stablecoins can serve as a testing ground for the mainland, providing both experience and lessons,” said Xiao Feng, who heads one of the city's licensed cryptocurrency exchange operators, on Wednesday.
Earlier in the......
|
|
18.06.25 - 11:00
|
Handelsbilanz: Deutsche Industrie kann mit Konkurrenz aus China kaum mehr Schritt halten (Spiegel)
|
|
China meldet seit Jahren steigende Exporte, die Ausfuhren aus Deutschland dagegen sind rückläufig. Experten warnen vor mangelnder Wettbewerbsfähigkeit der deutschen Industrie und sehen vor allem zwei Gefahren... --- In Deutschland sei die Industrieproduktion bereits seit zehn Jahren rückläufig, sagt Jens Burchardt, Industriefachmann und Partner bei der internationalen Unternehmensberatung BCG. Hauptursache sei die im internationalen Vergleich teure Energie. Gefahr für die deutsche Industrie sieht Burchardt in erster Linie für energieintensive Branchen wie die Grundstoffchemie, an zweiter Stelle für den Automobilsektor..
|
|
|
|
|
|
|
|
13.06.25 - 12:36
|
Hong Kong can power yuan′s international ascent: HSBC co-CEO (SCMP)
|
|
Hong Kong can be a crucial partner in the continued and orderly opening of mainland China's capital markets, particularly in advancing the internationalisation of its currency, according to HSBC's co-CEO.
As a financial hub connecting East and West, Hong Kong “can play a key role in promoting the yuan's internationalisation by expanding its offshore liquidity while maintaining strong safeguards and effective risk management,” said David Liao, the lender's co-CEO for Asia and the Middle East, at......
|
|
|
|
|