Hong Kong stablecoin selection expands with Standard Chartered-led venture’s launch
A Standard Chartered-led joint venture kicked off institutional use of Hong Kong dollar-backed stablecoins on Wednesday, a year after the city put its stablecoin law into effect as part of an effort to become a global hub for digital assets. Retail use of the regulated cryptocurrency was expected “as early as end-2026”, subject to market conditions, said Anchorpoint Financial, a Hong…
Hong Kong's commercial property investment sector experienced a remarkable 129% growth in the second quarter, surpassing other top markets such as Singapore and Australia, according to JLL. The surge in retail and office deals, coupled with a low base effect, propelled the market to a total of US$3.1 billion, with office investments primarily driven by assets under receivership.
The rebound in the second quarter contributed to a 35% year-on-year increase in commercial real estate investment in the Asia-Pacific region, reaching US$45.5 billion. Despite macroeconomic uncertainties and a complex interest rate environment, JLL's Oscar Chan highlighted that the city's commercial real estate market remains highly active, driven by improving rental prospects and interest in office assets.
This performance is expected to bolster regional growth, with a strong focus on technology-supporting assets and value-added real estate.
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