People’s Bank of China backs Hong Kong’s yuan-denominated futures trading

The expanded yuan investment channels may enhance China's global financial influence while limiting decentralized finance's growth in the region. The post People’s Bank of China expands investment channels with Hong Kong to promote yuan use appeared first on Crypto Briefing.

Hong Kong's new gold clearing system could shift global gold market dynamics, reducing reliance on London and integrating digital assets. The post Hong Kong launches trial of new gold clearing system backed by 11 major banks appeared first on Crypto Briefing.

Hong Kong’s Securities and Futures Commission has committed to separating the Certified Virtual Asset Platform practitioner exam from its mandatory course, reducing assessment fees, and improving study materials following talks with industry representatives. According to local media, the commitments were…

Takeda has entered a strategic collaboration with Hong Kong-based Insilico Medicine to use AI in early-stage drug discovery across the Japanese pharmaceutical company’s therapeutic areas. The companies did not disclose which therapeutic areas or disease targets will be covered under the collaboration. The agreement gives Takeda access to Insilico’s Pharma.AI platform, which supports biological target […] The post Takeda signs US$600M AI drug discovery deal with Insilico appeared first on AI News.

HKEX's move enhances Hong Kong's financial hub status, offering global investors new risk management tools and strengthening RMB market leadership. The post HKEX plans debut of 5-year China government bond futures on Aug. 3 appeared first on Crypto Briefing.

Kuaishou's strategic move could reshape AI investment trends, influencing market valuations and setting a precedent for future tech IPOs. The post Kuaishou files for $3B Kling AI funding round in Hong Kong, eyes IPO within 12 months appeared first on Crypto Briefing.

The PBOC's reduced bond purchases may signal a shift in monetary policy, potentially impacting economic growth and market stability. The post People’s Bank of China cuts government bond purchases to nine-month low appeared first on Crypto Briefing.

Hong Kong's rise as a pivotal AI trade hub could reshape regional economic dynamics, enhancing integration and competitiveness in Asia's tech sector. The post Hong Kong emerges as key hub in $2 trillion Asian trade network fueled by AI demand appeared first on Crypto Briefing.