Hex Trust Appoints HKEX’s Former Advisor James Fok to Its Board

Hong Kong-based digital asset custody service provider Hex Trust announced that James Fok has joined its advisory board. James brings with him over 20 years of experience in capital markets and the financial services industry across several key management positions, and as an advisor to corporations and governments. His experience and extensive network will be […]

Hong Kong shares tumble at open

Hong Kong stocks opened sharply lower on Wednesday morning after US officials banned China Telecom from operating in the country citing national security concerns, cranking up tensions between the economic superpowers. The Hang Seng Index fell 0.93 percent to 25,795. The Shanghai Composite Index slipped 0.22 percent to 3,590, while the Shenzhen Composite Index dropped […]

China Telecom to lose right to operate in US

The US Federal Communications Commission (FCC) on Tuesday voted to revoke authorisation for China Telecom’s US subsidiary to operate in the United States, citing what it said were national security concerns. China Telecom, the largest Chinese telecommunications company, has had authorisation to provide telecommunications services for nearly 20 years in the United States. China Telecom […]

How Will Hong Kong’s Digital Currency E-HKD Work?

The Hong Kong Monetary Authority (HKMA) has released a technical whitepaper on a retail central bank digital currency (CBDC), proposing an architecture that would follow the key principles of safety, efficiency, and openness. The paper, titled e-HKD: A technical perspective, shares findings from a technology experimentation study, exploring potential architectures and design options for issuing […]