New stablecoin licenses are expected to deepen Hong Kong’s digital economy ambitions within the GBA even as decentralised crypto remains banned in mainland China
Christopher Chu
Editor
Originally from the United States, Macao-based Christopher spent over a decade in Hong Kong, working as an investment analyst and financial journalist. He holds a Master of Philosophy from Cambridge University and a Bachelor of Arts in Mathematical Economics and Psychology from Pitzer College. Beyond his work at Macao News, Christopher is a published writer, co-authoring Macau’s Historical Witnesses, Camilo Pessanha’s Macau Stories and Macau’s Historical Flavors, all of which explore Macao’s unique history from various perspectives, such as why Macao is also spelled Macau.
The unsecured senior paper will offer an interest rate of 6.25 percent, paid semi-annually until 2033, with the first payment due on 15 November of this year
Higher than expected credit losses dragged HSBC’s profitability, which dropped 4 percent from a year ago the latest figures show
More than HK$30 billion is currently earmarked to build out Hong Kong’s nautical facilities, where registered yachts outnumber available berths nearly three to one
The $15 billion development is being positioned as a blueprint for popular tourist destinations to attract foreign investments and diversify beyond a single industry
Despite the 14 percent increase in year-to-date gaming revenues, marketing expenses and a greater mix of premium players are squeezing industry margins, analysts contend
Hong Kong accounts for just two percent of the Greater Bay Area’s physical land, but its commercial value is estimated to be worth as much as half of the GBA’s aggregate total, according to market proxies
The investment house has reassigned the sector’s industry view from ‘attractive’ to ‘in-line,’ noting a tougher medium-term outlook and fading leverage to capture gaming revenues
Nearly 5 million visitors to Macao last year were over the age of 65, accounting for 11 percent of arrivals and marking a 13 percent increase from 2024
While crypto enthusiasts see economies of scale improving operational margins, the initial gains from stablecoins may be muted due to upfront costs
Travel-related spending will account for 18 percent of China’s per capita consumption by 2030, according to a new research report by Morgan Stanley
A brand-new exhibition has just opened at Studio City featuring the Old Master Q comic strip, showcasing pre-publication prototype manuscripts and early sketches
