Evidence is growing to suggest security token offerings (STOs) will transform capital markets and help strengthen Hong Kong’s status as a financial hub.
So long as capital controls remain, a digital currency alone will do little to internationalise the renminbi (RMB), but the pull of this market will be hard for investors to ignore.
The new investigation could fuel additional lawsuits against Nobel and perhaps also banks associated with the commodities trader. It might disrupt its imminent debt restructuring too.
Hong Kong’s family-owned conglomerates are locked in fierce competition with mainland Chinese companies that are expanding overseas, and they are losing at least one battle.
The coal mining group gets a warm welcome as the recovery in commodity prices helps bond investors to look beyond the recent default of key customer PT Berau Coal Energy.