china
Sunshine 100 China Holdings Vows to Fight Winding-Up Petition Amid Deepening Property Sector Crisis
Sunshine 100 China Holdings, a prominent mainland Chinese property developer grappling with significant debt amidst a prolonged downturn in China’s real estate sector, announced on Thursday its intention to vigorously oppose a winding-up petition filed against it in Hong Kong. The move underscores the escalating financial pressures faced by developers and the broader systemic risks […]
Hong Kong Poised to Grant First Stablecoin Licences to HSBC, Standard Chartered Amid Digital Asset Ambitions
Hong Kong is on the cusp of a significant regulatory milestone, with sources indicating that the first batch of stablecoin licences is likely to be granted within the next two weeks, potentially to banking giants HSBC and a joint venture spearheaded by Standard Chartered. This pivotal development signals a determined push by the city to […]
Hong Kong to Expand Life-Saving Stroke Patient Diversion Program Across City
Hong Kong authorities are set to significantly broaden a critical pilot programme aimed at drastically reducing the time it takes to transfer stroke patients to hospitals equipped to handle complex neurological emergencies. The initiative, which has shown promise in its initial phase, is designed to save precious minutes in the crucial "golden hour" for stroke […]