Cointime

Cointime

Download App
iOS & Android
Home / Policy

Hong Kong launches world’s first green security token offering for new energy vehicle charging network

Hong Kong has launched the world's first green securities token offering (STO) for the new energy vehicle charging network. The G-STO issuance is jointly launched by XECO, a local new energy vehicle solution provider in Hong Kong, and Gaopeng Technology Finance (Hong Kong) Limited, a licensed institution of the Hong Kong Securities and Futures Commission. It is reported that the green securities token offering will be launched on the Ethereum blockchain and is currently only open to professional investors. Each participant can instantly understand the product or service usage of the new energy vehicle charging project and estimate the return based on business performance. By utilizing the Ethereum blockchain technology, G-STO reduces the financial threshold of the private equity market and combines traditional measures such as KYC/AML (Know Your Customer/Anti-Money Laundering) compliance, business governance, risk assessment, and annual financial audit.

Hong Kong
Comments

All Comments

Recommended for you

  • The State Council Tariff Commission: Additional tariffs will be imposed on some imported goods originating from the United States

    The State Council Tariff Commission issued a notice: with the approval of the State Council, tariffs will be imposed on some imported goods originating in the United States from February 10, 2025. A 15% tariff will be imposed on coal and liquefied natural gas, and a 10% tariff will be imposed on crude oil, agricultural machinery, large-displacement cars, and pickups. (Jinshi)

  • Thailand SEC plans to launch tokenized securities trading system

    According to a report from the Bangkok Post on February 3, Jomkwan Kongsakul, Deputy Secretary-General of the Thai Securities and Exchange Commission, stated that token investment is increasingly being taken seriously, and regulatory agencies will allow securities companies to trade digital tokens to leverage their large investor base. Jomkwan Kongsakul said, "The SEC is using technology to improve the efficiency of the capital market by promoting the electronic securities ecosystem," adding, "New regulations will be introduced to promote the issuance of electronic securities and online purchase of bonds," which are medium- to long-term debt instruments that large companies use to borrow money.

  • Dennis Porter: At least 13 states are developing “strategic bitcoin reserve” legislation

    Satoshi Action Fund (SAF) co-founder and CEO Dennis Porter stated in a post on X platform that it can be confirmed that at least 13 states are drafting legislation for "strategic bitcoin reserves". January will be a record-breaking month for bitcoin policy.

  • Satoshi Act Fund Co-founder: Another "Bitcoin Strategic Reserve" bill will be launched next week

    Dennis Porter, co-founder and CEO of the Bitcoin advocacy organization Satoshi Act Fund, announced on X platform that the team will launch another "Bitcoin Strategic Reserve" bill next week.

  • Hong Kong's Stablecoin Bill is gazetted and is expected to be submitted to the Legislative Council for first reading on December 18

    On December 6th, according to the Hong Kong Special Administrative Region Government News Bulletin, Hong Kong today published the "Stablecoin Regulation Bill" in the constitutional report to introduce a regulatory system for fiat currency stablecoin issuers in Hong Kong. The "Bill" aims to improve the regulatory framework for virtual asset activities to address the potential risks posed by fiat currency stablecoins to financial stability, ensure that users have sufficient protection, and leverage the benefits of virtual assets and related technologies. Under the proposed licensing system, anyone engaging in any of the following activities must first obtain a license from the Commissioner of Financial Management:

  • Cointime July 27th News Express

    1. As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day.

  • Hong Kong's financial industry may study launching stablecoin trading desks and institutional custody services

    Hong Kong Monetary Authority recently announced the list of participants in the stablecoin issuer sandbox, including JD Coin Chain, Circle Coin Innovation, Standard Chartered Bank, Anni Group, Hong Kong Telecom and other institutions. Research reports released by Zeng Shengjun, a researcher at the Greater Bay Area Financial Research Institute of the Shenzhen Branch of Bank of China, and Guan Zhenqiu, a researcher at the Hong Kong Financial Research Institute of Bank of China, analyzed that the Hong Kong dollar stablecoin can improve the efficiency and inclusiveness of the Hong Kong financial system. Its stability, free convertibility, high security, high open source and cross-border mobility can provide support for a wider range of financial innovations.

  • Hong Kong Legislative Council Member: The issuance and trading system of tokenized bond-related products can be shared with the mainland

    Hong Kong Legislative Council member Chan Chun-ying stated that the new productivity of Hong Kong's financial industry is currently mainly developed around digital and green themes. Regarding virtual assets, Hong Kong regulatory agencies should establish relevant trading platforms, stablecoin issuances, testing and operational mechanisms, capture digital development trends, and share relevant regulatory experience with the mainland. At the same time, Hong Kong's tokenized bond development is leading the world, and relevant product issuances, trading systems can be shared with the mainland or guide more mainland companies to issue, together meeting international market demand.

  • Hong Kong investment in virtual assets will not be subject to capital gains tax

    Hong Kong investors in virtual assets will not be subject to asset value-added tax, which is a very attractive point for global investors. For example, in Japan and Australia, although they have expanded the virtual asset market earlier than Hong Kong, they still need to pay asset value-added tax, which will be included in the comprehensive tax rate calculation. The comprehensive tax rates in Japan and Australia can be as high as 50% and 40% respectively. For investors, investment returns are of course the most important consideration, and Hong Kong's low tax system will attract more international investors to settle in Hong Kong.

  • Hong Kong Securities and Futures Commission: Promote the implementation of the mutual recognition arrangement between the Mainland and Hong Kong, and allow sales to public investors in the other marke

    Securities and Futures Commission (SFC) of Hong Kong welcomes the release of the "Hong Kong Mutual Recognition of Funds Management Rules (Revised Draft for Solicitation of Comments)," which promotes the implementation of optimized mutual recognition arrangements for funds. The proposed measures for revision in the draft for solicitation of comments include relaxing the proportion limit for Hong Kong mutual recognition funds sold in the Mainland and allowing Hong Kong mutual recognition funds to transfer investment management functions to overseas asset management institutions under the same group as the manager. Currently, the proportion of mutual recognition funds sold in the other market cannot exceed 50% of the total assets of the fund. After optimization, this proportion limit will be relaxed to 80%. The SFC of Hong Kong will work closely to promote the formulation and implementation of relevant measures and will announce the implementation details and formal launch date of the optimized mutual recognition arrangements in due course. Cross-border mutual recognition of funds is a mature institutional arrangement in the field of international asset management market opening. As early as July 1, 2015, the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission launched mutual recognition of funds, allowing Mainland and Hong Kong funds that meet certain conditions to be recognized or licensed for sale to the public in the other market in accordance with statutory procedures.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company