Hong Kong’s deposit-taking companies (DTCs) will meet their end in current form within five years, after the banking regulator decided to flatten the industry with its latest evolve-or-perish reform. Their …
The Fed’s policymakers signalled just one rate cut this year, pencilling in four reductions in 2025. That did little to douse the fervour in the stock market, as the S&P500 …
Hong Kong’s declining home prices dragged more mortgage borrowers into negative equity, putting them under greater financial strain as property prices show little prospect of rising amid a lethargic housing …
The HKMA will also develop common standards by forming an “architecture community”, which has already attracted interest from some of the largest banks and technology companies, such as HSBC, Standard …
“Building on the success and experience of phase 1, the next phase will delve deeper [to explore] where an e-HKD could add unique value, namely programmability, tokenisation and atomic settlement,” …
Central banks around the world have been pivoting towards innovating future types of money on digital networks, aligning with the “unified ledger” vision that the Bank for International Settlements (BIS) …
Tourists from Hong Kong and Thailand travelling between the two countries will now be able to use their domestic real-time settlement payment systems to pay for their purchases, as authorities …