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Finance

Deposit tokens push into payment networks, accelerate capital market overhaul

Deposit-token trials are spreading from payment gateways and merchant networks to cross-border payments, shifting the commercialisation race from issuance to where tokens can be used. Payment and settlement at the same time could cut small merchants’ fees and settlement periods. Inclusive finance is expanding by borrower type as banks tailor products and fintechs support fees. Regulators are weighing tighter limits on single-stock leveraged products. Market reforms also tighten scrutiny of duplicate listings and low-PBR firms.

Finance

Hana Securities launches foreign integrated account trading with Futu Securities

Hana Securities has started foreign integrated account trading with Hong Kong financial platform Futu Securities, aiming to broaden Asian investors\' access to South Korea\'s stock market. The scheme lets non-resident foreigners trade and settle Korean shares through their local broker without opening a separate account at a Korean securities firm. Hana Securities said it plans to expand the service to other brokers, including Citic Securities in Hong Kong and Wedbush Securities in the United States.

Finance

Huaxing Securities joins Futu, Tiger in curbing trades for mainland China clients

Huaxing Securities will restrict new trading for mainland China clients, extending curbs beyond Futu Holdings, Tiger Brokers and Longbridge as Chinese regulators widen their offshore broker crackdown. From June 15 Beijing time, Huaxing will stop new purchases and position openings for mainland accounts and block incoming funds and securities transfers, while allowing sales of existing holdings. The firm said the move follows regulatory requirements during a two-year rectification period.