Banks and governments are testing a new way to send money overseas. Instead of relying on old systems that often take days and involve many middlemen, they’re trying out tokenization. This means turning money into digital tokens that can travel quickly on blockchain networks. Central banks from the
Banks and cryptocurrency firms don’t always see eye to eye. Jamie Dimon, CEO of a major bank, recently suggested that crypto companies offering rewards on stablecoins should follow the same strict rules as traditional banks. But critics say that idea misses the point entirely. Peter Schiff, a well-k
Hong Kong’s position as a leading offshore wealth center is under pressure after it edged past Switzerland in recent rankings. The main challenge comes from China’s fresh clampdown on cross‑border stock trading, which threatens the city’s financial stability. Beijing has ordered three major online b
Hong Kong’s tech scene got a vote of confidence this week when GF Securities gave a thumbs up to Beijing Fourth Paradigm Technology’s Class H shares. The bank kept its “buy” label alive and penciled in HK$61. 53 as a future price target. That sounds ambitious when you compare it to yesterday’s closi
Banks like JPMorgan, Citigroup, Wells Fargo, and Bank of America are teaming up to create their own digital money system. This network will start next year through their payment company called Clearing House. It's their way of competing with cryptocurrencies and stablecoins, which have grown a lot i
Banks and big financial firms keep trying to recreate blockchain from scratch, but that's like reinventing the wheel while ignoring the road already built. They can copy the code, hire consultants, and roll out permissioned systems behind closed doors. Yet no matter how polished their corporate bloc
Banks and crypto firms just teamed up to launch a fresh kind of dollar coin called fUSD. Unlike most stablecoins that sit idle without growing, this one gives big institutions a small cut—around 3% per year—if they play by specific rules. The coin is built on existing tech used by trading desks and
Banks today look nothing like they did even five years ago. What used to be slow, paperwork-heavy processes are now running on smart software. AI isn’t just helping banks—it’s doing much of the work itself. These "agentic" AI systems don’t just follow instructions; they make decisions on the spot, w
Hong Kong isn’t just about skyscrapers and stock markets—it’s quietly helping China’s AI push in ways most people miss. While cities like Shenzhen build robots and Beijing focuses on powerful AI models, Hong Kong works behind the scenes. It connects global investors with local tech experiments. Last
Hong Kong Disneyland has revealed fresh attractions that will start this spring, adding excitement to the park’s 20th‑anniversary celebrations. The announcement came at the same time as the park’s latest financial results, showing that business and entertainment are growing hand in hand. The highli
