3+ day, 2+ hour ago   (334+ words) Unlimit operates stablecoin clearing house and exchange platform Stable.com. Unlimit has obtained a money service operator licence from Hong Kong's Commissioner of Customs and Excise. Founded in 2009, Unlimit is a financial infrastructure company operating Stable.com, a stablecoin clearing…...

1+ week, 4+ day ago   (298+ words) Singapore’s latest asset management incentives will be tested by whether they attract substantive investment activity rather than simply improve the tax position of fund managers. Amy Ang, Head of Tax at Ernst & Young Solutions LLP, said tax incentives remain an…...

1+ week, 4+ day ago   (162+ words) They will test commercial applications for regulated tokenised money in Hong Kong. The Bank of East Asia (BEA) and Anchorpoint Financial have signed a memorandum of understanding to explore real-world applications for HKDAP, Anchorpoint’s regulated Hong Kong dollar-backed stablecoin. He…...

2+ week, 4+ day ago   (199+ words) They will support companies seeking to expand into Singapore and ASEAN. United Overseas Bank (UOB) and the China-Singapore Guangzhou Knowledge City Administrative Committee (KCAC) have inked a memorandum of understanding (MOU) to strengthen cross-border business, investment, and financial collaboration in…...

2+ week, 3+ day ago   (175+ words) It offers personalised wealth, asset allocation, and investing services. InCred Capital has launched InCred Back, a wealth management and investing proposition targeting ultra-high net worth (UHNW) individuals, entrepreneurs, and business families. It offers highly personalised wealth management services as well…...

2+ week, 4+ day ago   (250+ words) The bank is gearing up for stronger private banking growth by 2030. United Overseas Bank Ltd. Hong Kong Branch (UOB Hong Kong) is tying its wholesale, private banking, treasury, investment banking, and advisory services together as it targets companies expanding into…...

3+ week, 1+ day ago   (506+ words) Chinese banks are expanding cross-border use as Beijing keeps capital controls. China has made progress in expanding the renminbi’s international use, but low yields, limited convertibility and thinner onshore liquidity could keep it from rivaling the US dollar. Foreign institutions…...

3+ week, 3+ day ago   (222+ words) The Monetary Authority of Singapore (MAS) has announced plans to exempt qualifying profit-linked returns earned by fund managers from tax from the Year of Assessment 2027 onwards. MAS, in collaboration with the Ministry of Finance, said the measure will apply where…...

3+ week, 3+ day ago   (459+ words) It serves more than 1,600 boxes at Kennedy Town branch. Shanghai Commercial Bank Ltd. is automating safe deposit box retrieval at its Kennedy Town branch as Hong Kong banks add technology and private wealth services to their retail operations. “Whilst automated…...

4+ week, 2+ day ago   (125+ words) Banks will see their fee incomes dip temporarily, S&P said. Hong Kong banks and insurers will see slower sales to mainland China following new tax rules, said S&P Global Ratings. Banks will see a temporary dip in fee…...