Topic: #hong-kong
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HSBC names Hong Kong stablecoin RedCoin, plans P2P and merchant payments first
HSBC has named its planned Hong Kong stablecoin HSBC RedCoin. In a Sept. 20 announcement, the bank said it will first support P2P and person-to-merchant payments, with corporate and institutional uses to follow.
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Shein prices Hong Kong IPO at $26.5 billion valuation
Shein priced its Hong Kong IPO at HK$48.56 per share, valuing the fast-fashion retailer at approximately $26.5 billion and raising about $1.7 billion, though the valuation marks a sharp decline from its $100 billion peak in 2022.