Cointime

Cointime

Download App
iOS & Android
Home / Projects

Pando Trust Limited has obtained Hong Kong TCSP and Trustee licenses

Pando Trust Limited has obtained the Hong Kong TCSP and Trustee (trust or company service provider) licenses on August 29, 2023, and will be able to conduct more fund management businesses in the future. 

Hong Kong
Comments

All Comments

Recommended for you

  • XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8) on November 22

    On November 22nd, XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8).

  • Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts

     Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts with a maximum leverage of 75x on November 21, 2024 at 11:30 (UTC).

  • Lido is preparing a blockchain identity verification platform codenamed "Y" to compete with World Network

    According to insiders, Cyber Fund, led by Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, is preparing a blockchain identity verification platform codenamed "Y" to directly compete with Sam Altman's World Network. Unlike World Network, which uses iris scanning for identity verification, the Y project will use users' social media and blockchain activity data, combined with Ethereum Attestation Service, to verify their identity. The solution aims to address the risk of biometric data leakage and minimize the potential for fraud.

  • The country's first digital RMB-based intellectual property securitization product was successfully issued

    "Yongxing-Guofu-Ningbo Intellectual Property Asset Support Special Plan (Specialization and Innovation)" with Yongzheng Asset Management as the manager and Yongxing Securities as the sales organization held a listing ceremony on the Shanghai Stock Exchange. The first issue size was 138 million yuan, with a term of 1 year and a coupon rate of 2.2%. The product's priority bond rating was AAA, and it was the first knowledge-based securities product to be invested in digital RMB form nationwide, and also a breakthrough in the Ningbo knowledge-based securities project.

  • APT breaks through $9.5

    market showed that APT broke through $9.5 and is now reporting at $9.51, with a 24-hour drop of 4.04%. The market is volatile, so please be prepared for risk control.

  • 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