China nears launch of mBridge as alternative to Swift – report
China is moving towards the commercial rollout of mBridge, a cross-border digital currency platform positioned as an alternative to established...
archiveHong Kong Monetary Authority
The future of Asian finance may be built in local currencies
The global financial system is entering a period of profound transformation. Geopolitical tensions, supply chain realignments and increasingly volatile capital...
Hong Kong, Indonesia move towards direct transactions in yuan, rupiah
The People’s Bank of China, Hong Kong Monetary Authority (HKMA) and Bank Indonesia signed an agreement on Thursday to create...
Hong Kong debt market heats up as Tencent, Swire raise US$5.2b in multi-currency deals
Hong Kong’s debt market is surging, with Tencent Holdings and Swire Pacific raising more than US$5.2 billion in fresh funding,...
Hong Kong prices world’s first government bonds with tokenised settlement
The Hong Kong government priced a record HK$10 billion (US$1.3 billion) tokenised green bond offering on Monday, completing the world’s...
