Hong Kong's Securities and Futures Commission is allowing regulated intermediaries to issue tokenized securities -- "blockchain-based tokens that represent or aim to represent ownership in an investment product." 
Cryptocurrencies

Hong Kong greenlights tokenized securities in further digital push

Regulators demand is there for blockchain-based trading of real-world assets

2 November 2023
Sapporo Breweries aims to double the amount of beer it sells in Southeast Asia and Hong Kong by 2026 compared to its 2023 estimate.
Food & Beverage

Sapporo and Carlsberg team up in Singapore and Malaysia

The Japanese beer brand is eager to grow its presence in Southeast Asia

1 November 2023
Asia's smaller companies in particular are warming to private credit as a way of raising funds without giving up equity, industry insiders say. 
Finance

Private credit catches on in Asia as high rates squeeze other funding routes

Investors are looking for private equity-like returns through debt financing

1 November 2023
China Evergrande defaulted on its offshore debt nearly two years ago and has been at the center of the country's property sector crisis.
Property

Evergrande told to submit debt plan by Dec. 4 or face liquidation

Hong Kong court says fifth adjournment will be the 'last' for embattled property company

30 October 2023
Australian Prime Minister Anthony Albanese will travel to China from Nov. 4 to 7 to meet with President Xi Jinping and Premier Li Qiang.
Your Week in Asia

BOJ policy meeting, Hong Kong FinTech Week, Australia PM visits China

Your weekly lineup of Asia's biggest business and political events

29 October 2023
Local couriers from Indonesia and mainland China stand by the ceremonial gong at the listing ceremony for J&T Global Express at the Hong Kong Stock Exchange on Friday. (Photo by Peggy Ye) 
IPO

Tencent-backed courier startup J&T shares close flat in Hong Kong debut

Company's $450m IPO draws scrutiny over Indonesia operations

27 October 2023
Hong Kong Chief Executive John Lee delivers his annual policy address at the Legislative Council on Oct. 25.
Economy

Hong Kong announces steps to boost growth and restore global status

Government to cut property and stock stamp duties, Lee says in annual address

25 October 2023
A glut of office space and the expected opening of more commercial towers are likely to weigh further on Hong Kong's slumping real estate market. (Nikkei montage/Source photo by Getty Images) 
Market Spotlight

Hong Kong property market woes pile pressure on government

End of COVID seclusion fails to stimulate real estate demand

23 October 2023
The Temple Street Night Market, once a famous tourist spot, has lost many visitors and shops. (Photo by Kensaku Ihara)
Society

Hong Kong's night markets fade along with its freedoms

Some fear government crackdowns have robbed city of what made it great

22 October 2023
A BMW electric car is displayed at a motor show in Thailand earlier this year. The country is now gearing up to host an expo dedicated to EVs.
Your Week in Asia

Kishida policy speech, Bangkok EV show, Seoul Halloween tragedy memorial

Your weekly lineup of Asia's biggest business and political events

22 October 2023
Hong Kong Monetary Authority says it received 954 complaints related to banking fraud in the first nine months of 2023, almost twice as many as it did in the whole of 2022.  
Caixin

Hong Kong takes aim at banking fraud as complaints surge

Regulator to propose banks share information about personal accounts

18 October 2023
Real estate developer Country Garden is at the heart of China's property sector woes.
China debt crunch

China's Country Garden says cannot meet external debt obligations

Distressed developer faced 30-day grace period on $15m interest payment

18 October 2023
U.S.-based bank Citigroup said it will open two new wealth advisory hubs in Singapore.
Wealth Management

Citi expands Singapore wealth arm amid wider Asia retail retreat

Bank doubles down on city-state as a venue to manage private clients

18 October 2023
Wealth managers and family office advisers say there has been little response to Hong Kong's enthusiastic courting of ultrarich individuals.
Finance

Hong Kong's family office push falls flat with global billionaires

Mainland Chinese are the most interested, but even they prefer Singapore

17 October 2023
Baidu founder and CEO Robin Li speaks at the company's annual flagship technology conference in Beijing on Oct. 17. (Photo courtesy of Baidu) 
China tech

Baidu touts upgraded Ernie AI tech as just as good as ChatGPT

CEO Li says generative tech will foster a 'new round of economic growth'

17 October 2023
Hong Kong's ambitions to become a crypto hub are attracting interest from mainland China, where retail cryptocurrency trading is banned.
Cryptocurrencies

Two brokers with mainland ties apply for Hong Kong crypto licenses

Others wait for more clarity on city's rules before proceeding

16 October 2023
National Day fireworks returned to Hong Kong's Victoria Harbour for the first time in five years Oct. 1 attracting some 430,000 spectators, including many mainlanders.
Travel & Leisure

China mainland tourists in Hong Kong skip shopping for experiences

Visits to museums and theaters replace tour buses to shops

11 October 2023
Selective purges of online content will do no favors to Hong Kong's efforts to improve its image on the world stage.
Opinion

Bit by bit, the internet is getting smaller in Hong Kong

City authorities are trying out new methods to eliminate 'undesirable' content

10 October 2023
Trading in shares of China Evergrande New Energy Vehicle Group was halted on Sept. 28.
Markets

Evergrande EV unit seeks to resume Hong Kong trading Monday

China Evergrande New Energy Vehicle willing to renegotiate with UAE investor

8 October 2023
Tokyo Electric Power Co. Holdings conducted a media tour in August of the facilities for releasing wastewater from the Fukushima Daiichi nuclear plant.
International relations

China, South Korea response muted after 2nd Fukushima water release

But Beijing and Hong Kong no closer to lifting seafood bans over 'contamination'

6 October 2023
Quinn Emanuel expects to open its Singapore office at the end of the year. (NIKKEI montage/Source photos by AP. Logo from Quinn Emanuel Trial Lawyers' website)
Business trends

Quinn Emanuel joins stampede of foreign law firms into Singapore

City-state's appeal grows as global legal community scales back in China

3 October 2023
Buildings near Evergrande City Plaza in Beijing. China Evergrande and its property service unit resumed trading in Hong Kong on Oct. 3, while its EV arm remains suspended.
China debt crunch

Evergrande and its property service arm resume trading

Electric vehicle unit remains suspended from the stock market

3 October 2023
Concern about the macroeconomic outlook and real estate problems in China has been prodding overseas investors to unload Chinese shares.
Markets

Foreign investors' net selling of China shares hits 9-year high

Trade via Stock Connect link with Hong Kong sags on property crisis, slowing economy

30 September 2023
The total value of IPOs in Hong Kong this year could be the lowest since 2002. (Photo by Kenji Kawase)
IPO

Alibaba's Cainiao listing too little for Hong Kong's bad IPO year

Market trails India and Indonesia, on track to worst year since 2002

29 September 2023
China Evergrande Group has acknowledged that its founder and Chairman Xu Jiayin, also known as Hui Ka-yan, is suspected by authorities of crimes.
China debt crunch

China Evergrande says chairman suspected of crimes

Authorities have taken 'mandatory measures' against Hui Ka-yan: company

28 September 2023