Search results for "HSBC"
2026-05-18
05:43

POSCO International Issues Blockchain-Based Digital Bond, First Non-Financial Firm in South Korea

POSCO International issued Korea's first non-financial blockchain digital bond (about 1.4 trillion KRW) with HSBC as lead underwriter, cutting settlement to three days. Abstract: POSCO International issued a blockchain-based digital bond in a private placement of about 1.4 trillion KRW, with HSBC as sole lead underwriter, marking the first such issue by a South Korean non-financial company and the second digital bond in the country after Mirae Asset Securities. The bond uses blockchain for issuance, registration, trading, and settlement, offering enhanced security, faster settlement, and broader global investor access (three-day settlement vs. five). This follows POSCO’s prior blockchain-based payment system deployment and aligns with Hong Kong's subsidy program to promote digital bonds. POSCO and HSBC plan further collaboration in blockchain, digital finance, and transformation, including potential STO market participation.
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STO0.36%
15:12

Investa Receives Direct FCA Authorization to Expand UK Retail Options Trading

Abstract: Investa secures direct FCA authorization, becoming a fully licensed UK operator, with £3.5m raised from crowdfunding and angel investors including Citi, Goldman Sachs, Morgan Stanley, BofA, UBS, and HSBC. It offers 225k+ option contracts on a zero-commission basis as retail activity rises and regulators intensify risk oversight. Summary: Investa receives FCA direct authorization to become a fully licensed UK firm, raises £3.5m, and offers 225k+ zero-commission options as retail activity rises; regulators track risk as competition grows.
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03:21

Hong Kong Monetary Authority vice president: The issuance timeline for the second batch of stablecoin licenses has not been determined, and the total number of licenses is extremely limited.

The Hong Kong Monetary Authority’s Deputy Chief Executive Officer, Chen Weimin, said the timeline for issuing the second batch of stablecoin licenses is still uncertain and may be affected by the two institutions granted licenses in the first batch. In addition, China-funded institutions were advised to put their applications on hold, and the number of institutions ultimately granted licenses will be limited, with only a small number meeting the requirements of the “Stablecoin Ordinance.” HSBC Payme users can enable a stablecoin account, but they must be Hong Kong local residents.
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07:02
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Hong Kong Monetary Authority Deputy Chief Executive: If a stablecoin issuer wants to issue a Renminbi-pegged stablecoin, it must obtain approval from mainland regulatory authorities

Hong Kong Monetary Authority Deputy Chief Executive Officer Chen Weimin said that stablecoin issuers may choose to issue currencies such as Hong Kong dollars or renminbi based on their own discretion, but must obtain regulatory approval from the Mainland. As for the timetable for the second batch of stablecoin issuer licenses, there is no schedule yet. HSBC’s stablecoin will be integrated with PayMe and the HSBC HK App, supporting real-time transfers and person-to-merchant services.
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