Hong Kong's Securities and Futures Commission and Accounting and Financial Reporting Council signed a new memorandum of understanding extending their cooperation on financial reporting and audit oversight to cover licensed virtual asset service providers, applying the same standards used for traditional securities firms.
UK Prime Minister Andy Burnham requested that US President Donald Trump raise the case of detained Hong Kong media tycoon and British citizen Jimmy Lai during Trump's upcoming meeting with Chinese President Xi Jinping. The request came during their first meeting at the UN General Assembly, where Trump praised Burnham despite ongoing tensions between the US and UK.
Lam Chun-yin, a 32-year-old former China Construction Bank relationship manager, received a four-year prison sentence after pleading guilty to accepting more than $470,000 in Tether to falsely authenticate forged bank instruments worth over $1.6 billion.
The Hong Kong Monetary Authority plans to introduce a wholesale central bank digital currency by the end of 2026 as part of Project EnsembleTX, enabling round-the-clock settlement for tokenized deposits and interbank payments.
CoinEx announced it will wind down operations, citing prolonged market downturn, declining trading volumes and liquidity, and rising regulatory costs. The exchange will halt new registrations and begin phasing out services.
Tung Chee-hwa, Hong Kong's first chief executive after the 1997 handover from Britain to China, died at age 89. The former shipping tycoon led the territory through the Asian financial crisis and early pro-democracy protests during the transition to Chinese rule.
Prominent Hong Kong pro-democracy activist Joshua Wong pleaded guilty to conspiring to collude with foreign forces under Beijing's national security law, his second prosecution under the legislation. The 29-year-old, who rose to prominence during the 2014 Umbrella Movement, faces the prospect of many more years in prison and could potentially spend the rest of his life behind bars.
Hong Kong's securities watchdog has declared broker SBCFX and its affiliated entities unlicensed following a trading collapse that left thousands of gold investors unable to recover their USDT deposits.
Franklin Templeton has partnered with Hong Kong-licensed HashKey Exchange to distribute its tokenized Franklin OnChain U.S. Government Liquidity Fund (grBENJI) to professional digital asset investors in Asia through HashKey's Earn service. The fund represents part of Franklin Templeton's $15 billion real-world asset tokenization portfolio.
Franklin Templeton has partnered with Hong Kong-licensed HashKey Exchange to distribute its tokenized Franklin OnChain U.S. Government Liquidity Fund (grBENJI) to professional digital asset investors in Asia through HashKey's Earn service. The fund represents part of Franklin Templeton's $15 billion real-world asset tokenization portfolio.
Alibaba priced a placement of 710 million new shares for HK$80 billion ($10.2 billion) to fund AI infrastructure and capabilities. The Hong Kong-listed stock plunged as much as 10% on Monday following the announcement, marking its steepest drop since April 2025.
Alibaba Group Holding completed a HK$80 billion ($10.2 billion) share placement in Hong Kong, marking the city's largest follow-on offering. The Chinese tech giant will use all proceeds to invest in AI infrastructure and capabilities, though shares plunged as much as 10% following the announcement.
Alibaba Group Holding completed a HK$80 billion ($10.2 billion) share placement in Hong Kong, marking the city's largest follow-on offering. The Chinese tech giant will use all proceeds to invest in AI infrastructure and capabilities, though shares plunged as much as 10% following the announcement.
Alibaba Group Holding completed a HK$80 billion ($10.2 billion) share placement in Hong Kong, marking the city's largest follow-on offering. The Chinese tech giant will use all proceeds to invest in AI infrastructure and capabilities, though shares plunged as much as 10% following the announcement.
Alibaba priced a placement of 710 million new shares for HK$80 billion ($10.2 billion) to fund AI infrastructure and capabilities. The Hong Kong-listed stock plunged as much as 10% on Monday following the announcement, marking its steepest drop since April 2025.
Two pro-democracy activists who organized annual vigils commemorating the 1989 Tiananmen Square massacre were found guilty under Hong Kong's national security law, marking another blow to civil liberties in the territory.
Shanghai-based Kiwimoore, a chip designer specializing in networking technology for AI accelerators, has confidentially filed for a Hong Kong IPO targeting a $2 billion valuation with plans to list in the first half of 2027.
Anchorpoint Financial, a joint venture between Standard Chartered, Animoca Brands, and HKT, has launched beta access for its HKDAP stablecoin pegged to the Hong Kong dollar. The launch marks the expansion of Hong Kong's stablecoin ecosystem a year after the city implemented its stablecoin licensing law.
Anchorpoint Financial, a joint venture between Standard Chartered, Animoca Brands, and HKT, has launched beta access for its HKDAP stablecoin pegged to the Hong Kong dollar. The launch marks the expansion of Hong Kong's stablecoin ecosystem a year after the city implemented its stablecoin licensing law.
Binance-affiliated companies filed a lawsuit against RedotPay founders alleging the Hong Kong crypto payments firm diverted more than 470,000 users from Binance Card in breach of commercial agreements, seeking $473 million in damages.
X Square Robot has confidentially filed for an initial public offering in Hong Kong, coinciding with the United States implementing a ban on imports of foreign-made robots. The timing highlights growing tensions in the robotics sector between the US and China.
Vast, a Chinese artificial intelligence startup specializing in 3D modeling and known for its Tripo AI tool, is exploring an initial public offering in Hong Kong. The company is working with Bank of America and China International Capital Corp as advisers on the potential share sale.
Hong Kong-licensed cryptocurrency exchange HashKey Exchange received approval from JPMorgan Chase to open a client money account, marking a significant banking relationship for the regulated digital asset platform. HashKey claims to be the first Asian licensed digital asset exchange to secure such approval from JPMorgan.
Hong Kong experienced a surge of romance scams involving cryptocurrency, with 25 cases reported in a single week resulting in $9 million in losses. Criminals gained victims' trust through false promises of love and investment returns before draining their accounts.
MetaX Integrated Circuits, a Shanghai-based GPU chip designer valued at $48 billion, has confidentially filed for a secondary listing in Hong Kong, targeting an IPO by end of 2026. The company completed its Shanghai IPO in December 2025 and has seen its share price surge 685% since then.
Chinese artificial intelligence and technology firms are raising capital through Hong Kong listings and private funding rounds. Zhongji Innolight planned to raise at least $8 billion through a Hong Kong listing, while DeepSeek was reportedly nearing a proposed $7.4 billion private funding round backed by Tencent and CATL that had not been publicly confirmed.
Payward, the parent company of crypto exchange Kraken, announced a partnership with fintech infrastructure provider GTN to expand its xStocks tokenized stock platform beyond US equities to international markets including Hong Kong, South Korea, the UK, and Europe, subject to regulatory approvals.
Hong Kong authorities raided two independent bookstores, Greenfield Book Store and at least one other shop, arresting five people on suspicion of selling and displaying allegedly seditious publications. The arrests come as two other independent bookstores, Elmbook and Luckwin, were barred from exhibiting at the annual Hong Kong Book Fair.
Hong Kong's Securities and Futures Commission has authorized Baillie Gifford's Enhanced Yield Fund, the city's first fully native tokenized fund allowing professional investors to hold direct ownership of assets on a public blockchain. The approval comes as Asian financial centers accelerate adoption of tokenized investment products, with SBI Global Asset Management also launching a Japanese equity strategy token on Solana.
Lam Wing-kee, the Hong Kong bookseller who was abducted and detained by mainland Chinese authorities in 2015 and later publicly recounted his ordeal, has died in Taiwan at age 70. Taiwanese leader William Lai Ching-te expressed deep sadness at his passing.
Hong Kong authorities have filed their first criminal charges over the deadly Wang Fuk Court housing complex fire, charging seven individuals and two building companies with offenses including manslaughter and conspiracy to defraud. The blaze was the deadliest fire in Hong Kong in more than 70 years.
Global bond markets experienced turbulence in early June 2026, with yields rising toward critical levels amid renewed Iran conflict, while Hong Kong's HKMA formed an expert group to advance tokenized bond adoption following previous regulatory and collaboration challenges.
Payward Inc., Kraken's parent company, agreed to acquire Hong Kong-based payments firm Reap Technologies for $600 million in cash and stock, deepening its push into Asian stablecoin infrastructure and institutional services.
