Hong Kong Exchanges and Clearing and the Hong Kong Monetary Authority launched an after-hours central bank digital currency pilot in June 2026 to test advance margin transfers outside regular banking hours.

Overview Debates Related claims Topics Sources

Traditional commercial banks are developing their own digital currencies, a development welcomed by Circle CEO Jeremy Allaire

Expanding virtual asset ETFs strengthens Hong Kong's status as a financial hub

Hong Kong regulators should permit spot exchange-traded funds for altcoins

Pando Finance holds financial licenses allowing it to allocate 100% of an investment portfolio directly to virtual assets

Pando Finance is scheduled to launch a spot Solana ETF on the Hong Kong Stock Exchange on October 13, 2026, trading under the ticker 2831.HK

An HKEX circular dated October 9, 2026, confirmed the eligibility of Pando Finance's Solana ETF (2831.HK), along with its custody and settlement arrangements

Pando Finance's Solana ETF represents Pando Finance's third spot virtual asset ETF, joining its existing Bitcoin and Ethereum ETF products

Pando Finance's Solana ETF, trading under ticker 2831.HK, carries a headline management fee of 0.6% and an estimated ongoing charges ratio of 1.6%

Pando Finance's Solana ETF set an indicative issue price between HKD 7.8 and 8.0 per share, with trading in lots of 100 shares requiring an entry ticket of approximately HKD 800 at issue

Regulators should require central bank money for settling tokenized securities

A privately managed tenge stablecoin is preferable to a state-run central bank digital currency

The National Bank of Kazakhstan should partner with Tether to develop its digital currency infrastructure

Private bank stablecoins are preferable to central bank digital currencies for tokenized settlement

PayPay's merchant network previously connected with nine other overseas payment services through HIVEX, primarily from China, Hong Kong, and Taiwan.

To support Alkanes' user base, SUBFROST provides Chinese-language documentation, a Chinese metrics page, an official Chinese Telegram channel for DIESEL, and has hosted workshops and presentations in China and Hong Kong

The Alkanes user community is predominantly located in the Asia Pacific region, with a significant portion of discussions on X originating from Chinese-speaking users referencing the Hong Kong-based UniSat wallet.

Several economies are exploring their own alternatives to U.S. dollar-backed stablecoins

The Memorandum of Understanding between Hong Kong's SFC and AFRC establishes formal mechanisms for information sharing, case referrals, mutual regulatory assistance, and coordinated inspections and investigations between the two agencies

The September 28, 2026 agreement between Hong Kong's SFC and AFRC replaces a previous February 2021 Memorandum of Understanding that covered only traditional financial entities

The investigation notification and consultation framework under the SFC-AFRC Memorandum of Understanding for licensed virtual asset service providers also extends to certain investigations involving auditors and financial-reporting compliance where regulated entities are involved