FOUR MORE CRYPTOCURRENCY EXCHANGES FOR, HONG KONG!
Hong Kong was once known as the financial capital of the world until the official handover to the mainland, Chaina on 1st July, 1997. This marked the end of British rule and the begining of the " One Country, Two Systems" principle. Hong Kong maintained its own legal and economic systems at the same time being a part of main land Chaina. On 18th December, 2024 Hong Kong's Securities and Futures Commission licensed an additional four more Cryptocurrency Exchanges: DFX LABS COMPANY THOUSAND WHALES TECHNOGY HONG KONG DIGITAL ASSET. ACCUMULUS GBA TECHNOLOGY. The aforementioned Exchanges, coupled with the existing three, brings to seven Regulated Virtual Asset Platforms. Hong Kong is as good as London and New York when it comes to finance. It's an Asian Island City now a part of Chaina that punches well above its weight in the area of finance. It has a stunning skyline with a reputation as a magnet for Investors and Entrepreneurs. It adopted Western legal and financial systems while maintaining Chinese culture and trade networks. The blend of East and West was a bridge between Chaina and the other world. Hong Kong is a free-market haven and an attractive location for financial activities in Asia. It has the lowest Corporate Tax Rates in the world, at 16.5% with no Capital Gains Tax. This's what make Hong Kong attractive to Investors. It takes few days to set up business. This proficient environment attracts Start-Ups. It's also a safe entry point to the grand Chinese market. STOCK CONNECT and BOND CONNECT are programmes wherein, International Investors can access main land Chinese Securities via Hong Kong domiciled Institutions. This privileged access is a strategic advantage over other Financial hubs. The Hong Kong Stock Exchange has a market capitalisation exceeding $4 Trillion. It's a preferred destination for IPOs for Chinese Tech giants and Companies seeking a global profile.
12/20/20241 min read
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