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Hong Kong Warns Against ‘Stablecoins Craze’ As Two Arrested In $146.5M Laundering Bust

The Hong Kong Monetary Authority (HKMA) has warned against excessive hype around stablecoins and expressed concerns about stablecoin speculation in the market. The concerns have emerged just days before Hong Kong’s stablecoin ordinance, which will come into effect from 1 August 2025.  Calling the ‘stablecoin craze’ an over-conceptualization, HKMA CEO Eddie Yue said, “We need … Read more

Shein files for Hong Kong IPO in hopes of salvaging London listing: FT report

A shopper carries bags with promotional merchandise while visiting fashion retailer Shein’s Christmas bus tour, in Manchester, Britain, December 13, 2024.  Temilade Adelaja | Reuters Online fast fashion giant Shein has confidentially filed for an initial public offering in Hong Kong in a bid to apply pressure on U.K. regulators and accelerate its long embattled … Read more

Why Hong Kong is beating Wall Street as the top spot for IPOs

Robin Zeng, founder and chairman of Contemporary Amperex Technology Co. Ltd. (CATL), third right, strikes a gong as Paul Chan, Hong Kong’s financial secretary, second right, and Bonnie Chan, chief executive officer of Hong Kong Exchanges & Clearing Ltd. (HKEX), right, applaud during the CATL listing ceremony at the Hong Kong Stock Exchange in Hong … Read more

Hong Kong bets the future on a vast tech zone by China’s border

In a village on Hong Kong’s outskirts, Wong Chin Ming inspects zucchini, watermelons, cherry tomatoes and kale growing in his greenhouses. For 19 years he’s been raising crops here on the site of what was once a factory. Soon his farm will be wiped off the map to make way for a massive development, which … Read more

Beijing taps Hong Kong to liquidate seized crypto

In a move that underscores the strategic value of Hong Kong’s regulatory autonomy, Beijing has established its first formal process for liquidating confiscated cryptocurrencies—tapping into Hong Kong’s licensed exchanges to offload digital assets seized in criminal cases. The arrangement highlights the stark policy divide between mainland China’s hardline anti-crypto stance and Hong Kong’s ambitions as … Read more

Hong Kong Plans To Introduce Crypto Derivatives Trading Soon

Hong Kong has been ramping up efforts to strengthen its position as a digital asset hub. Hong Kong’s Securities and Futures Commission (SFC) plans to introduce virtual asset derivatives trading for professional investors. According to a 4 June 2025 China Daily report, Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, said the move … Read more

Hong Kong passes stablecoin bill as more governments recognize the digital asset

The Tether (USDT) stablecoin logo. Costfoto | Nurphoto | Getty Images Hong Kong passed a stablecoin bill on Wednesday to expand its cryptocurrency licensing regime as more governments recognize the digital asset. Unlike volatile digital assets like bitcoin, the value of stablecoins is tied to a real-world asset like fiat currencies or commodities like gold. … Read more

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