渣打集团（02888）发布公告，该公司于2025年9月25日斥资731.37万英镑回购51.2万股股份。 来源：新浪港股 ...

本轮申请延续了香港金融监管"高标准、严合规"的一贯特征。监管不仅要求申请人具备雄厚资本和完善的风险管理体系，更强调要有清晰的应用场景和可落 地的业务路径。可以说，监管机构正借此构建兼顾安全与创新的制度范式，为香港在全球稳定币格局中确立地位夯实基础。 过去十多年，加密货币市场剧烈波动，始终困扰行业的健康发展。比特币等主流代币因高波动性，难以在支付、交易和投资场景中大规模应用。为应对原生 加密资产的高波动性，稳定币应运而生。 稳定币是以区块链技术为底层架构，锚定法币实现价格稳定的数字资产。以2014年香港注册的泰达系公司（Tether）推出的USDT为例，其核心机制是与资 产储备"1比1挂钩"，从而确保在加密市场中的交易媒介功能。与比特币相比，稳定币更适合日常交易、跨境结算等金融场景。 稳定币"以数字资产承载法币信用"的设计，使其迅速普及，并为全球加密市场带来新变化。它不仅成为加密交易的基础工具，还在支付、去中心化金融 （DeFi）以及现实世界资产通证化（RWA）投资等场景中展现出巨大潜力。 谢祖墀 孙志鹏 吴克晔／文 自2025年5月21日《香港稳定币条例》通过后，市场发展进入快速落地期。随着2025年9月30 ...

（上接1版） 制度型开放成果显著 "十四五"期间，外资金融机构调整优化在华业务布局，发挥引资、引智、引技纽带作用，助力企业"引 进来""走出去"，加大对制造业、民营小微、绿色金融等领域的金融支持力度。 目前，全球前50大银行有43家在华设立机构，40家最大的保险公司半数已进入中国。"外资银行和保险 机构总资产超过7万亿元，各项业务保持良好增长态势。"金融监管总局局长李云泽在2025陆家嘴论坛上 表示。 既有"熟面孔"深耕，也有"新朋友"入场。今年3月，外商独资证券公司法巴证券（中国）有限公司开 业；9月，保德信保险资产管理有限公司获批开业，外资独资保险资管队伍再添新员…… 中国证监会主席吴清日前在国新办新闻发布会上介绍，"十四五"期间，新增核准13家外资控股证券基金 期货机构来华展业兴业。 一家家"外商独资"金融机构落子背后，是我国稳步扩大金融制度型开放的生动注脚。近年来，我国放宽 金融服务业市场准入，持续完善准入前国民待遇加负面清单管理模式，完全取消银行、证券、基金管 理、期货、人身险领域的外资持股比例限制，大幅扩大外资机构业务范围。 金融对外开放将走向 "更高水平、更深层次、更宽领域" 国际机构深入布局中 ...

渣打集团(02888.HK)9月25日耗资731.3万英镑回购51.1万股 渣打集团(02888.HK)授出92.2万股份奖励及 492.67万份购股权 相关事件 格隆汇9月26日丨渣打集团(02888.HK)发布公告，2025年9月25日耗资731.3万英镑回购51.1万股，每股回 购价14.185-14.405英镑。 ...

渣打集团(02888)发布公告，该公司于2025年9月25日斥资731.37万英镑回购51.2万股股份。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 渣打集團有限公司 呈交日期： 2025年9月26日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02888 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | | 事件 | 已發行股份（不包括庫存 ...

Core Viewpoint - Hong Kong's monetary authority is set to launch a Renminbi (RMB) Business Facility to enhance banks' ability to offer yuan loans, thereby promoting trade finance and direct investment, solidifying Hong Kong's status as an offshore yuan hub [1][3]. Group 1: Facility Details - The new RMB Business Facility will replace the existing 100 billion yuan (approximately US$14 billion) trade finance liquidity introduced in February, with several enhancements planned for the upcoming months [2]. - The potential usage of the RMB Business Facility will be significantly broader than the previous trade-finance liquidity facility, further strengthening Hong Kong's position as a global offshore yuan business hub [3]. - The facility aims to encourage more companies from mainland China and other overseas markets to utilize Hong Kong for managing their corporate treasury activities and regional business [4]. Group 2: Financial Implications - Major banks such as HSBC Holdings, Standard Chartered Bank, and Bank of China (Hong Kong) are among the 24 lenders that had access to the previous trade-financing facility, which allowed them to secure stable yuan for financing trade needs [5]. - The new facility will enable banks to offer more yuan loans at a lower cost, as it will eliminate the previous 25-basis-point premium, aligning borrowing costs with the onshore yuan interest rate [6].

Core Insights - The People's Bank of China announced plans to expand the "Swap Connect" market, increasing the daily trading net limit from 20 billion to 45 billion yuan to facilitate interest rate risk management for investors [1] - The China Foreign Exchange Trading Center is optimizing the "Swap Connect" mechanism to enhance market vitality and better meet the needs of foreign investors in managing RMB interest rate risks [1] - The introduction of new interest rate swap contracts linked to the one-year Loan Prime Rate (LPR) under the "Northbound Swap Connect" indicates strong market demand and aims to improve liquidity and price discovery [2] Group 1 - The "Swap Connect" will expand its quoting bank team and improve the management mechanism, with a dynamic adjustment mechanism for quoting banks [1] - As of August 2025, 82 foreign investors from 15 countries and regions have participated in over 15,000 transactions, with a nominal principal of 8.15 trillion yuan [1] - The launch of LPR-linked interest rate swap contracts is expected to enhance the risk management toolbox for domestic and foreign investors [2] Group 2 - Standard Chartered Bank noted that the "Swap Connect" has undergone multiple optimizations, increasing its market attractiveness and participant numbers [3] - The continuous improvement of the "Swap Connect" since its launch in 2023 has led to a more comprehensive product system, addressing diverse risk management needs [2] - The collaboration between mainland and Hong Kong financial markets is expected to support global clients in participating in "Swap Connect" transactions [3]

Core Insights - The Risk Asia Awards 2025 recognize excellence in various categories related to risk management and financial services across Asia [1][2][3] Group 1: Derivatives Awards - Derivatives house of the year for Asia is awarded to UBS [1] - Other notable winners include Daiwa Securities for Japan, Crédit Agricole CIB for Hong Kong and South Korea, and OCBC Bank for Singapore [1] - The award for derivatives house of the year in China goes to Shenwan Hongyuan Securities, while CTBC Bank wins for Taiwan [1] Group 2: Specialized Awards - Standard Chartered is recognized as the interest rate derivatives house of the year [1] - BofA Securities wins the currency derivatives house of the year award [1] - UBS is awarded both equity and credit derivatives house of the year [1] Group 3: Technology and Risk Solutions - Murex is named technology vendor of the year and also wins for system support and implementation [2] - S&P Dow Jones Indices is recognized for quantitative investment solutions [2] - FactSet is awarded for risk solutions [2] Group 4: Compliance and Risk Management - The best AI solution for risk management is awarded to SAS Institute [2] - Wolters Kluwer receives multiple awards for various risk management solutions including IFRS 9 and credit risk management [2] - NICE Actimize is recognized for its AML solution of the year [2]

Core Viewpoint - The past year has seen a significant role reversal between developed and emerging markets, with emerging markets benefiting from easing inflation and a weaker dollar, while the US experiences high yields, inflation, and volatility [1][2]. Group 1: Market Dynamics - The US has transitioned into a market characterized by high yields and inflation, akin to emerging markets, while emerging markets enjoy low rates and low inflation [2]. - The US-China trade war has contributed to this shift by allowing China to export deflationary pressures to other emerging markets, enabling their central banks to cut rates [2]. Group 2: Interest Rate Solutions - Standard Chartered Bank (SCB) has adapted its interest rate solutions business to align with the changing dynamics, focusing on emerging markets for client funding needs [4][5]. - There has been a notable increase in demand for structured interest rate products in currencies like Korean won, Malaysian ringgit, and Thai baht, as investors seek to lock in rates and volatility [5][9]. Group 3: Client Transactions - SCB has facilitated various transactions, including providing THB callable swaps for a client in Thailand to hedge market risk on long-dated investments [7]. - The bank has also offered short-term financing to corporate clients in Vietnam, using USD deposits as collateral to secure loans in VND, enhancing cost efficiency [9][10]. Group 4: Emerging Market Trends - The divergence between government bonds and swaps in Asia has led SCB to shift its focus towards more exotic rates products, such as government bond-linked options [14][16]. - SCB has issued approximately 2,000 structured notes valued at around $3 billion in 2024, indicating a growing demand for bond-linked structured notes [17]. Group 5: Market Access and Opportunities - SCB has capitalized on dislocations in local currency bond markets and swap markets to facilitate market access trades for offshore investors [20][21]. - The bank's strong onshore presence and product capabilities enable it to deliver solutions in illiquid and difficult-to-access markets across the region [20].