Monetary Authority

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Hong Kong Monetary Authority Cuts Interest Rate by 25 Basis Points

Hong Kong Monetary Authority Cuts Interest Rate by 25 Basis Points

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interest rate cut The Hong Kong Monetary Authority has announced a reduction of 25 basis points in its interest rate. This decision reflects changes in the financial landscape and aims to promote economic stability. The move is expected to influence borrowing costs and encourage consumer spending. Financial analysts indicate that adjusting interest rates can impact […]

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Hong Kong Monetary Authority Reports Seven Banks Interested in Tokeni

Hong Kong Monetary Authority Reports Seven Banks Interested in Tokeni

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The Hong Kong Monetary Authority announced that seven banks have shown interest in launching tokenized deposits within this year. This initiative reflects a growing trend toward digital finance and innovative banking solutions. By exploring tokenized deposits, these banks aim to enhance their offerings and attract customers seeking modern financial services. As interest in digitizing traditional

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Hong Kong Monetary Authority Completes Digital Dollar Prep by Mid-2024

Hong Kong Monetary Authority Completes Digital Dollar Prep by Mid-2024

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The Hong Kong Monetary Authority announced that it will finish preparation work for the retail use of the Digital Hong Kong Dollar in the first half of next year. This initiative aims to enhance the financial infrastructure and promote digital currency usage among consumers. The authority is focused on ensuring a smooth transition to the

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Singapore’s Monetary Authority Probes ‘Prince’ Group’s Chen Zhi Famil

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Singapore’s Monetary Authority is conducting an investigation into DW Capital Holdings, a family office linked to Chen Zhi of the ‘Prince’ group. The focus of the inquiry centers around compliance with local regulations and financial practices. DW Capital Holdings has been involved in various investment activities, raising concerns regarding its adherence to Singapore’s strict financial

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Singapore Monetary Authority Investigates DW Capital Holdings Connect

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Singapore’s Monetary Authority is investigating DW Capital Holdings, a family-run business owned by Tan Zhi, for potential connections to Prince Group. The inquiry arises amid broader scrutiny of financial operations in the region. DW Capital Holdings has been a focus due to its reported ties, which may involve regulatory concerns. The Monetary Authority is examining

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