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A bustling scene in Hong Kong illustrating growth in finance and startups.
Asset Management

Hong Kong Experiences Major Growth in Asset Management and Startups

Hong Kong's Financial Secretary Paul Chan reports a 24% increase in licensed asset management firms and a 132% rise in open-ended fund companies. The startup scene flourishes with 28% non-local ent...

CircleCircle CEO Jeremy Allaire discusses stablecoins and global market trends.

Circle CEO Discusses Dollar-Pegged Stablecoins and Global Market Strategy

Circle CEO Jeremy Allaire explores the dominance of dollar-pegged stablecoins in the global market, emphasizing their demand due to the US dollar's influence in international trade. He highlights t...

Bank of East AsiaBank of East Asia and IDA partnership for stablecoin initiative.

Bank of East Asia Collaborates with Fintech for Stablecoin Development

The Bank of East Asia teams up with fintech IDA to explore a stablecoin pegged to the HK dollar, enhancing digital finance adoption. This initiative aims to improve payment processes, support regul...

CircleCircle expansion plans in Hong Kong for USDC stablecoin market.

Circle to Expand Operations in Hong Kong Following New Stablecoin Regulations

Circle, led by CEO Jeremy Allaire, plans expansion in Hong Kong, highlighting the market's potential for USDC as they await new regulations. VP Chen Qinqi underscores the region's advantages for st...

fintechHong Kong's Stablecoin Bill announcement and regulatory framework concept.

Hong Kong's Stablecoin Bill: A New Regulatory Framework

The Hong Kong Government introduces a 'Stablecoin Bill' to regulate fiat-backed stablecoin issuers. Set for its first reading on December 18, the bill aims to enhance oversight of virtual asset act...

digital currencyImage illustrating Hong Kong's digital currency initiative and security challenges.

Hong Kong's Digital Currency Initiative: Security Risks and Solutions

Hong Kong's move towards a digital dollar raises security concerns, particularly with potential scams through fake electronic wallets. Officials emphasize the importance of public testing for elect...