hkd

HashKey has become the authorized distributor of the Anchorpoint Hong Kong Dollar stablecoin HKDAP, launched beta testing, and completed the first minting and redemption transaction.

According to The Block, Standard Chartered Bank's subsidiary Anchorpoint officially launched the first phase of the Hong Kong dollar stablecoin HKDAP on Wednesday, opening test access to institutional distributors and professional investors.Anchorpoint was jointly established by Standard Chartered Bank, HKT, and Animoca Brands, and received a stablecoin issuance license from the Hong Kong Monetary Authority (HKMA) in April this year, making it one of the first licensed institutions.

According to Hong Kong 01, the Hong Kong police updated information regarding the virtual currency Fun Coffee scam, revealing that as of August 5, a total of 255 related reports had been received, an increase of 30 from earlier, with total losses rising to approximately HKD 104 million. In addition, the Macau police arrested two women involved in 9 cases amounting to about 3.6 million Macau patacas.Regarding TVB artists who have hosted activities related to the Fun Coffee scam, the Hong Kong police stated that during the investigation, they would definitely contact the victims and relevant individuals to identify the mastermind behind the scam and their roles. Fun Coffee claims to be a large coffee investment enterprise in Phu Quoc, Vietnam, with a capital scale exceeding USD 1 billion. It entered the Hong Kong market by the end of 2025, packaging its image through marathons, banquets, social events, distributing flyers, and inviting artists to promote it, while registering a company, opening offices, and stores in Hong Kong. The actual operation was to lure citizens into downloading the app to complete tasks under the guise of investing in high-tech coffee equipment, gene optimization technology, and agricultural equipment, using Tether (USDT) and other cryptocurrencies for deposits. The platform promised annual returns of up to 197%--278%, with higher returns for larger amounts and longer deposit periods, and set up a commission structure to encourage recruitment. In July 2026, the Hong Kong Securities and Futures Commission listed it as a suspicious investment product. In late July of the same month, the app suddenly ceased operations, withdrawals became impossible, customer service went offline, and the offices and stores were vacated, leading to the collapse of the scam.

Standard Chartered Hong Kong and Greater China and North Asia CEO Mary Huen announced that there will be an official announcement regarding the issuance of the Hong Kong dollar stablecoin HKDAP. At the same time, a distribution agreement will be signed, with its subsidiary Dingdian Financial acting as the issuer of the stablecoin, adopting a business-to-business-to-consumer (B2B2C) model. It will not connect directly with end users but will distribute through recognized distributors to its relevant corporate and institutional client base, including small and medium-sized enterprises, traders, service providers, fund companies, and individual users, for cross-border settlement. Other application scenarios also include tokenized assets.

The Hong Kong Securities and Futures Commission (SFC) issued a restriction notice to Futu Securities International (Hong Kong) Limited, prohibiting it from handling or disposing of assets in customer accounts held by a certain entity, limited to HKD 125,247,000. This entity is suspected of participating in a fraudulent scheme aimed at creating a false or misleading appearance of demand for initial public offering shares. Futu is not the subject of the SFC's investigation, and this restriction notice will not affect Futu or its other clients.According to the notice, Futu must not dispose of or handle the relevant account assets in any way without the SFC's written consent, and must immediately notify the SFC if it receives any instructions related to the restricted assets. The SFC believes that issuing this restriction notice is in the interest of investors and the public. The investigation is still ongoing.

According to Tencent News "Frontline," a 26-year-old male employee of Hong Kong Central Wealth Management Services Limited misappropriated 50 million Hong Kong dollars as margin without authorization, using it to finance the purchase of a double long position in the Southern Eastern Ying Hynix ETF (07709.HK), resulting in a paper loss of up to 150 million Hong Kong dollars. The trader was arrested by the police on July 20 on suspicion of "theft," with the incident occurring from January 9 to July 20.Financial analysts in Hong Kong stated that the reason the 50 million principal turned into a 150 million loss was due to the combination of margin financing and the double leverage of the long ETF. This ETF surged to a historical high of 193.65 Hong Kong dollars at the end of June, driven by the storage chip concept, but then the semiconductor sector sharply corrected, falling to 52.58 Hong Kong dollars by July 20, a decline of over 72%. The police revealed that the relevant positions had not yet been forcibly liquidated, and the final loss would still fluctuate with the stock price. The incident was discovered during a recent audit of the company, which reported it to the police. Central Wealth Management is not a licensed company by the Securities and Futures Commission, and Central Wealth Securities stated that the involved personnel are not their employees and are unrelated to the incident, but after the event, some clients exhibited risk-averse withdrawals.

According to the Hong Kong Securities and Futures Commission, Victory Securities Limited has been reprimanded and fined HKD 1.7 million for violating regulatory requirements, and its responsible personnel's licenses have been temporarily revoked.Previously, Hong Kong Victory Securities announced in February this year that it would close all virtual currency trading functions for users with mainland Chinese identities, retaining only withdrawal permissions and no longer supporting deposits and new transactions. The platform's gradual tightening of services for mainland users includes previous measures such as prohibiting purchases and suspending new address verification, aimed at complying with the regulatory requirements of the Hong Kong Securities and Futures Commission and relevant policies in the mainland.

According to the official announcement, Gate has added Quanto perpetual contracts, which will be launched for the first time in the stock section on July 21 at 16:30 (UTC+8) for TENCENTHKD (Tencent Holdings 00700.HK), ZHIPUHKD (Zhiyuan 02513.HK), MINIMAXHKD (MINIMAX-W 00100.HK), and XIAOMIHKD (Xiaomi Group 01810.HK) Quanto perpetual contracts, supporting 1--20 times leverage.It is reported that the Quanto perpetual contracts support the underlying assets quoted in local fiat currency, with margin and profit and loss settled uniformly in USDT, allowing users to participate in overseas stock derivatives trading, such as Hong Kong stocks, without needing to exchange Hong Kong dollars in advance. This also reduces the impact of exchange rate fluctuations on trading profits, further enhancing the cross-market trading experience.

Anchorpoint, established by Standard Chartered Bank (Hong Kong), is one of the first two holders of the stablecoin issuer license granted by the Hong Kong Monetary Authority in April this year.Standard Chartered and Anchorpoint are expected to issue a joint announcement by the end of this month, within the next two weeks, to launch the HKDAP stablecoin pegged to the Hong Kong dollar. Previously, in April this year, the Hong Kong Monetary Authority issued the first batch of stablecoin issuer licenses to Anchorpoint and HSBC.

Zhipu (02513.HK) announced on the Hong Kong Stock Exchange that the company previously disclosed a plan to place up to 19.78 million new H shares, which has now been completed on July 13, 2026. A total of 19.78 million new H shares were issued and allocated to no less than 6 subscribers at a placement price of HKD 1588 per share, accounting for approximately 4.25% of the total issued H shares after expansion.The total amount raised from the placement is approximately HKD 31.411 billion, with a net amount of approximately HKD 31.375 billion, intended for research and development of general artificial intelligence, business expansion, and optimizing the capital structure.

MINIMAX (00100.HK) announced that it will raise approximately HKD 16.041 billion through the placement of new shares and the issuance of zero-coupon convertible bonds. According to the announcement, the company will place 35.6 million new Class A shares at HKD 268 per share (approximately a 9.89% discount to the closing price of the previous trading day), expecting to raise about HKD 9.541 billion; at the same time, it plans to issue zero-coupon secured convertible bonds with a total principal amount of HKD 6.5 billion due in 2027, with an initial conversion price of HKD 335 per share (approximately a 12.64% premium to the closing price). Morgan Stanley and UBS are acting as arrangers for this transaction, and the placement and bond issuance are independent of each other and not conditional upon one another. If all the bonds are ultimately converted into shares, the two transactions will add up to approximately 55 million shares, accounting for nearly 15% of the company's expanded total share capital. Regarding the use of funds, MINIMAX stated that about 80% of the net proceeds are intended to strengthen AI infrastructure and model development, 10% to accelerate the global commercialization of products, and the remaining 10% for working capital and general corporate purposes.

According to Jinshi reports, Goldman Sachs maintains a "Buy" rating for MiniMax Group, with a target price of 860 HKD.The report shows that the MiniMax M3 model is priced the same as the M2.7, and through upgrades in training and inference architecture, inference efficiency has improved by more than 2 times, enough to offset the cost increase brought by the doubling of model parameters. This week, DeepSeek announced that the official version of V4 is scheduled to launch in mid-July, and a time-based pricing mechanism will be implemented simultaneously, with peak period calling prices being 2 times the usual rate.Goldman Sachs believes that DeepSeek's price increase indirectly confirms the high cost-performance ratio of the MiniMax M3. The upcoming larger version of the M3 series and the H3 video model are also seen as catalysts for the next phase.

The Hong Kong-listed company Okex Cloud Chain (1499.HK) announced its annual results for the year ending March 31, 2026. During the period, the group generated approximately HKD 191.7 million in revenue from continuing operations, a decrease of about 46.7% compared to HKD 359.8 million in the same period of 2025.The company incurred a loss of approximately HKD 28.8 million this year, widening the loss by about 82% compared to the same period last year; the basic and diluted loss per share was HKD 0.54.The report indicated that the group terminated its digital asset proprietary trading business and technical services during the reporting period, with approximately HKD 96.55 million in digital assets reclassified as intangible assets.

New Fire Group released its interim performance report for the six months ending March 31, 2026. The group recorded a loss of approximately HKD 244.9 million (unaudited), a significant increase of about 1890% compared to a loss of HKD 12.3 million in the same period of 2025. Among them, the cryptocurrency asset trading business recorded revenue of HKD 1.9447 billion, a year-on-year decrease of about 43.4%.In terms of business segments, in the asset management business, as of the end of the reporting period, the assets under management (AUM) reached approximately USD 145.6 million; the number of New Fire quantitative trading clients increased by about 12.9% compared to the same period last year.In the trust and custody business, the number of private banking accounts successfully opened during the reporting period increased from 37 to 305; the number of accounts interested in opening increased from 106 to 668.In the cryptocurrency over-the-counter trading business, the number of OTC trading clients increased from 8 to 31, with a monthly compound growth rate of 31.1%.In addition, the group's compliant exchange in Japan, BitTrade, has accumulated a total of 288,214 registered users.

On the morning of June 22, 2026, the stock price of Zhipu (02513.HK) experienced a significant increase. The stock reported 2708.000 HKD, with a rise of 29.32%, up 614.000 HKD. Today, the stock opened at 2100.000 HKD, reaching a maximum of 2980.000 HKD during the session. As of now, the trading volume is 1.244 million shares, with a transaction amount of approximately 3.087 billion HKD, and the company's total market value has reached 1.207 trillion HKD.

Hong Kong Mortgage Corporation Limited announced the first issuance of HKD 12 billion public digital bonds, including three tranches: HKD 6 billion for a two-year term, HKD 2.5 billion for a five-year term, and RMB 3 billion for a three-year term. Among these, the five-year HKD bond is the longest maturity digital bond ever issued.It is reported that this issuance transaction is the largest digital bond issuance globally to date, and the Mortgage Corporation has also become the first public institution in Hong Kong to issue digital bonds. The bonds will be generated on a distributed ledger technology platform operated by the Central Clearing and Settlement System for debt instruments, which also serves as the settlement and delivery system for the digital bonds.

Institutions such as Anchorpoint Financial, OSL Group, and PantherTrade have successfully completed Hong Kong's first approved stablecoin HKDAP's initial end-to-end financial transaction on the Ethereum public blockchain. This digital asset operates under the supervision of the Hong Kong Monetary Authority.The technical execution was jointly completed by Anchorpoint Financial, a fintech company supported by Standard Chartered Hong Kong, and digital brokers OSL Group and PantherTrade. In this blockchain test, participants directly converted traditional physical Hong Kong dollars into reserve assets, triggering the minting of on-chain digital balances, and after the transaction was completed, exchanged the tokens back to fiat bank balances through a redemption agreement.Standard Chartered provided the custody framework and trust services for this. The stablecoin is scheduled to begin phased public issuance by the end of the second quarter of this year.

On May 5, the Hong Kong High Court approved the application of the Department of Justice to issue an injunction against 42 individuals and companies, including Chen Zhi, the founder of the Prince Group, who are suspected of operating a scam park in Cambodia, freezing a total of HKD 8.938 billion in assets. The frozen assets include deposits in bank and securities accounts, stocks, and properties. Among them, Chen Zhi's personal assets in Hong Kong exceed HKD 6.36 billion. Zhou Yun, who assists in managing his assets, has total assets exceeding HKD 2 billion, and her personal accounts hold the equivalent of HKD 15.92 million in Hong Kong dollars, euros, and Bitcoin. In addition, related personnel from the Prince Group, Hu Xiaowei and Li Tian, have approximately HKD 400 million and HKD 172 million in assets frozen, respectively. The court will reconvene on August 3 to decide whether to extend the injunction.

According to Financial IT, HSBC's Global Payment Solutions (GPS) business has successfully completed a pilot of Tokenized Deposit Services (TDS) on the public blockchain Canton Network, simulating the entire process of issuing, transferring, and atomic settlement of tokenized deposits with other digital assets. This is the first time HSBC's TDS has been issued and used on a public blockchain. HSBC TDS supports major currencies such as USD, GBP, EUR, HKD, and SGD, allowing fiat deposits to be converted into digital tokens at a 1:1 ratio, enabling instant transfers on the HSBC ledger, and supporting 24/7 real-time settlement and programmable payments.Manish Kohli, Head of HSBC Global Payment Solutions, stated that this pilot demonstrates the evolution of tokenization in the banking industry and the necessary infrastructure, with the company's focus on building secure and interoperable capabilities to enable customers to transfer funds more efficiently across different environments. Yuval Rooz, co-founder of Canton Network and CEO of Digital Asset, stated that tokenized deposits are accelerating in capital markets, corporate banking, and cash management, and Canton has become one of the major deployment networks.

In April 2026, the Hong Kong Monetary Authority issued stablecoin issuer licenses to the first batch of institutions, among which is Anchorpoint Financial Limited, a joint venture established by Standard Chartered Bank Hong Kong (SCBHK), Hong Kong Telecommunications (HKT), and Animoca Brands. Anchorpoint plans to gradually issue the Hong Kong dollar-pegged stablecoin HKDAP (i.e., "Hong Kong Dollar Equivalent") starting in the second quarter of this year, using a B2B2C model to provide access channels to the public through authorized distributors.The company focuses on scenarios such as the settlement and distribution of tokenized real assets, cross-border capital, and payment flows, aiming to promote the upgrade of financial infrastructure in Hong Kong and the Asia region. Bill Winters, CEO of Standard Chartered Group, stated that the issuance of HKDAP will drive the restructuring of financial markets and facilitate the development of a new generation of international trade. Anchorpoint was officially established in 2025, and its predecessor was approved to join the HKMA's stablecoin issuer sandbox program in 2024. This approval marks an important step for Hong Kong in building its digital asset ecosystem.