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HONG KONG SHARPENS 'SUPERCONNECTOR' ROLE AS CHINA-GCC TRADE HITS US$288 BILLION

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✍️ Business ties between mainland China and the Middle East are deepening, with Hong Kong playing a key role as a superconnector and value-added hub.

👉 Hong Kong plays a key role as a superconnector and value-added hub between China and the Middle East 👉 Oman's sovereign wealth fund has invested over US$2 billion in Greater China 👉 Trade between China and the GCC countries surpassed US$288 billion last year 👉 Hong Kong's unique position under 'one country, two systems' and its economic strengths make it an attractive gateway for capital and innovation between regions

-- #IbrahimAl-Eisri #ChristopherHui #RonaldLamSiu-por #WuGansha #WangChaoyou #TimurTurlov #EltonChan #HongKong #Oman #China #MiddleEast #GCC #Singapore #Qatar #Riyadh #business

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Ibrahim Al-Eisri Christopher Hui Ronald Lam Siu-por Wu Gansha Wang Chaoyou Timur Turlov Elton Chan Hong Kong

9/12/2025

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HONG KONG’S NEW STABLECOIN REGULATIONS WILL COME INTO EFFECT IN AUGUST 2025

https://crypto.news/app/uploads/2025/04/crypto-news-Hong-Kong-gets-ready-to-shut-down-all-unlicensed-crypto-exchanges-option03-1380x820-1.webp

✍️ Hong Kong's stablecoin regulations will come into effect on August 1, 2025, requiring businesses to obtain licenses to issue stablecoins tied to the Hong Kong dollar.

👉 Stablecoin regulations will come into effect on August 1, 2025 👉 Businesses will need to obtain licenses to issue stablecoins tied to the Hong Kong dollar 👉 Stablecoin advertisements will be limited to licensed issuers 👉 The new licensing system will provide clear guidelines for industry players

-- #ChristopherHui #HongKong #technology

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Christopher Hui Hong Kong technology Technology:perspective

6/6/2025

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HONG KONG PASSES STABLECOINS BILL TO REGULATE FIAT-BACKED STABLECOINS

https://crypto.news/app/uploads/2024/12/crypto-news-Stablecoin-Hong-Kong-option01.webp

✍️ Hong Kong has passed a bill making licensing mandatory for businesses issuing fiat-referenced stablecoins, aiming to regulate the industry and manage risks.

👉 Stablecoins Bill makes licensing mandatory for businesses issuing fiat-referenced stablecoins 👉 Licensed issuers must follow strict rules on managing reserves and risk management 👉 New law aims to create a robust regulatory environment to support the development of Hong Kong's stablecoin ecosystem 👉 Limitations on stablecoin advertisements to licensed issuers to prevent scams 👉 Further regulations planned on crypto trading platforms, over-the-counter services, and custodians

-- #ChristopherHui #EddieYue #HongKong #business

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Christopher Hui Eddie Yue Hong Kong business Technology:perspective

5/21/2025

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HONG KONG PUSHES FORWARD WITH STABLECOIN BILL IN LEGISLATIVE COUNCIL

https://crypto.news/app/uploads/2024/12/crypto-news-Stablecoin-Hong-Kong-option03.webp

✍️ Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, presented a stablecoin bill in its second reading, aiming to provide a legal framework for fiat stablecoin issuers.

👉 Requires stablecoin issuers to have reserves equivalent to the value of circulating stablecoins 👉 Ensures the right to redeem stablecoins at face value without exorbitant fees or delays 👉 Incorporates strict risk management procedures, disclosure requirements, and anti-money laundering safeguards 👉 Hong Kong Monetary Authority would have the power to license and monitor stablecoin issuers

-- #ChristopherHui #HongKong #MainlandChina #technology

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Christopher Hui Hong Kong Mainland China technology Technology:perspective

12/18/2024

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HONG KONG VOWS TO FINISH CRYPTO ASSET REPORTING FRAMEWORK BY 2026

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✍️ Hong Kong government vows to implement a framework making crypto asset reporting mandatory for tax calculations to improve global tax transparency and combat cross-border tax evasion.

👉 Hong Kong government to implement crypto asset reporting framework 👉 Framework aims to improve global tax transparency and combat cross-border tax evasion 👉 Tax-paying residents required to report crypto accounts and transactions annually 👉 Government plans to complete regulatory framework by 2026 or earlier 👉 Implementation to start in 2028