Hong Kong

Hong Kong

Policy

HSBC and Standard Chartered-led group land Hong Kong’s first stablecoin licenses

The approvals by the Hong Kong Monetary Authority, the territory's central bank, mark the first batch under the Stablecoins Ordinance, which took effect in August 2025.

Hong Kong (Ryan Mac/Unsplash)

Policy

Hong Kong hasn’t issued a single HKD stablecoin license after March target

Officials flagged March for initial approvals, but licensing has yet to begin with no updated timeline

Hong Kong Financial Secretary Paul Chan Mo-po (David Paul Morris/CoinDesk)

Finance

RedotPay executive turnover clouds crypto payments firm's $4 billion U.S. IPO ambition

The company's internal strain, including reports of required long working hours, is overshadowing its push for a U.S. listing.

Contactless payment via a mobile phone (Jonas Lupe/Unsplash/Modified by CoinDesk)

Tech

Hong Kong links up with Shanghai trade authorities to put cargo data on blockchain

HKMA teams up with mainland regulators to develop a cross-border platform linking cargo data and electronic bills of lading, aiming to cut trade finance friction and plug Chinese supply chains into global markets

(Zhou Xian/Unsplash)

Finance

Hong Kong's RedotPay said to plan blockbuster $1 billion IPO in New York: Bloomberg

The stablecoin payments company has hired JPMorgan, Goldman Sachs and Jefferies, according to Bloomberg.

Crowded Hong Kong street scene with Chinese banners over the road

Markets

Mystery Hong Kong investor in BlackRock's bitcoin ETF breaks silence after $436 million stake sparks controversy

A spokesperson for Laurore said the $436 million IBIT stake “reflects personal investment conviction,” as records link it to a mainland China passport holder.

Question mark on a pile of cards

Policy

Hong Kong regulator approves first crypto company license since June

Hong Kong's Securities and Futures Commission (SFC) granted Victory Fintech a license.

Hong Kong harbor during a sunrise (Manson Yim/Unsplash)

Policy

Hong Kong ready to issue first stablecoin licenses in March, Financial Secretary says

Hong Kong will begin issuing a small number of stablecoin licenses to companies with credible business models and strong compliance, Paul Chan Mo-po said.

Hong Kong Financial Secretary Paul Chan Mo-po (David Paul Morris/CoinDesk)

Policy

Hong Kong working to allow perpetual contracts, chief regulator says

Hong Kong's Securities and Futures Commission will publish a "high-level framework" allowing perpetual contracts, SFC CEO Julia Leung said.

Securities and Futures Commission CEO Julia Leung (CoinDesk)

Policy

Hong Kong will start granting stablecoin issuer licenses in March: Reuters

Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), said only a very few stablecoin licenses would be issued initially.

Hong Kong Harbor (Shutterstock/Modified by CoinDesk)