The issuer of XSGD – the only Singapore dollar-backed stablecoin and one of the world’s major non-US dollar stablecoins – said its commitment to strict regulatory compliance and emphasis on cross-border payments could serve as a model for stablecoin issuers in Hong Kong. In an interview with the South China Morning Post on Thursday in
Hong Kong authorities have shelved a controversial proposal to build a costly exhibition hall at a prime site to showcase major development projects, including the Northern Metropolis. The construction of the HK$700 million (US$90 million) gallery on the Wan Chai North waterfront was first announced in the 2023 policy address. The budget was included in
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hong Kong’s weather forecaster will consider issuing the No 1 typhoon warning signal on Friday night as a tropical storm moves across the Philippines and enters the South China Sea. The Hong Kong Observatory
Hong Kong police are searching for a suspected taxi driver after he allegedly stole a food delivery order worth HK$800 (US$103) from a bus station bench in Discovery Bay on Thursday morning. The force said it received a report at 7.19am from a male food delivery worker who said that boxes of food he had
Tropical Cyclone Matmo is set to move across the Philippines on Friday and come within 800 kilometres of Hong Kong this weekend, the Observatory has said. The T1 storm signal may be issued on Friday evening, while higher warning signals will be considered on Saturday, according to the Hong Kong Observatory (HKO). Tropical Storm Matmo
Picture this: slabs of ruby-red char siu (barbecue pork) hanging over glowing charcoal, fat dripping and hissing as the meat blisters into a caramelised crust. In Hong Kong, you will see such siu mei (Cantonese roast meats) on almost every street corner, the air thick with the sweet, smoky aroma of roast duck, goose and
Hong Kong recorded a 5 per cent year-on-year rise in mainland Chinese visitors on the first day of the National Day “golden week” break, with industry leaders expecting more arrivals on Thursday and higher spending from long-haul travellers. Immigration figures showed a total of 558,431 inbound trips on Wednesday, marking a 1.27 per cent decrease
A water-themed music festival scheduled for this weekend has been postponed due to a forecast of possible strong winds and an approaching typhoon. Waterbomb Hong Kong 2025 said on Wednesday that tickets purchased would be refunded in accordance with the policies of each ticketing platform, and further details regarding the rescheduled date would be announced
