Fintech News Hong Kong

How Cryptocurrency Scams Work

Millions of cryptocurrency investors have been scammed out of massive sums of real money. In 2018, losses from cryptocurrency-related crimes

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Tencent’s Fintech & Cloud Unit Generates US$ 3.1 Billion in Q1 of 2019

In their quarterly results announcement, Tencent revealed that its fintech and cloud services generated RMB21.8 billion (US$ 3.1 Billion) in

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Hong Kong and Thailand May Be Working on a Joint Central Bank-Backed Crypto Project

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) entered into a Memorandum of Understanding (MoU) to foster

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Globally, Insurtechs Received over US$1 Bil in Funding Q1 of 2019

Insurtech investment continued its momentum with 85 deals totaling US$1.42 billion recorded in Q1 2019, marking the third-straight quarter to

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Meet Hong Kong’s 8 New Virtual Banks

Hong Kong Monetary Authority (HKMA) has announced a grand total of eight virtual banking license recipients, in three separate announcements

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Ant Financial, Tencent, and Xiaomi Are Among HK’s New 4 Virtual Banking Licensees

The Hong Kong Monetary Authority (HKMA) issued virtual banking rights to 4 more companies: Ant SME Services (Hong Kong) ,

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Hong Kong Insurtech OneDegree Closes Over US$ 30 Million in Extended Series A

OneDegree, a Hong Kong-based insurance technology start-up under Cyberport Incubation Programme, extends its Series A round to above US$30 million,

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WeChat Pay Will Start Terminating Accounts Caught Dealing with Crypto

WeChat Pay, one of China’s most popular e-wallet providers, has just updated its payment policy to ban cryptocurrency transactions. The

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Top 10 Fintech Startups In Japan

In 2018 and early 2019, the Japanese fintech market witnessed significant developments. Japan’s Financial Services Agency (FSA) published a report

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Insurtech’s Explosion in Hong Kong, and What May Be Coming for the Scene

Asia is traditionally a region with low insurance penetration, and Hong Kong was no exception to that rule. Between 2012

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Shenzhen Eyes to Turn Qianhai an Epicenter for Fintech and Blockchain

The Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone or the Qianhai Special Economic Zone, is an experimental commercial development

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Hong Kong’s Virtual Banks May Have to Look Beyond its Borders in Their Battle for Talent

Virtual banks have finally made an inroad into Hong Kong’s financial industry. The Hong Kong Monetary Authority (HKMA) has begun

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A Deeper Look into The Greater Bay Area, China’s Answer to Silicon Valley

The Fintech Association of Hong Kong has released a new report exploring the Greater Bay Area (GBA)’s cities, policies, and

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Hong Kong Chooses 3 Startup as Part of the Global Fintech Sandbox Project

The Hong Kong Monetary Authority (HKMA), is one of 17 global regulators that are participating in the Global Financial Innovation

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Hong Kong Gets Its First Equity Crowdfunding Platform, Well Kinda

Earlier this week, South Morning China Post reported that Hong Kong’s Securities and Futures Commission has issued its first equity

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Hong Kong Needs More Than Lip Service to Grow Blockchain, Says Local Founder

After his blockchain panel at the Internet Economy Summit last week, we had a chance to sit down with trustMe,

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How is China’s Smallest Province Hainan Attracting Fintech Giants Like Tencent

Since president Xi Jinping announced a plan to gradually turn Hainan into a pilot free trade zone by 2020 and

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Cyberport Chairman Reveals Secret Sauce to Growing 350 Fintechs in Just 3 Years

“Everything you do in a fintech startup, you’re likely testing the law, one way or another,” said Cyberport’s chairman Dr.

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For Blockchain to Succeed It Needs to Be Invisible, Experts Agree

This is not new rhetoric: most of us only ever heard of blockchain when cryptocurrency hit critical mass, particularly during

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Korea Approves 9 Companies into its Fintech Sandbox

As part of its overarching grand plan to boost fintech in Korea, the Financial Services Commission of Korea announced the

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Futu Securities Bags Digital Brokerage of the Year Award

Futu Securities a Hong Kong based wealthtech firm recently bagged the “Digital Brokerage of the Year” award at The Asset

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Top 10 Hottest Fintech Startups in South Korea

Though relatively small when compared with the likes of China and Singapore, South Korea’s fintech industry has witnessed significant growth

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Top 10 Fintech Startups in Taiwan to Keep an Eye on in 2019

Taiwan has been trying to gain a foothold for itself as a fintech hub, but despite their best response from

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Li Ka-Shing Backed WeLab is the First Homegrown Fintech Granted Virtual Banking License

WeLab has been granted a virtual banking license by the Hong Kong Monetary Authority (“HKMA”), becoming the first homegrown Hong

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Burgopak Bags Award For its MCO Visa Card Design

London-based design company Burgopak has just been awarded for their excellence in industry challenging packaging design at the 2019 ICMA

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China’s Top 10 Fintech Startups and Companies

China continues to be the world’s undisputed fintech leader, with about 600 deals completed in 2018 and a fintech adoption

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China’s TechCrunch Equivalent Eyes US IPO

36Kr, a Chinese company operating a media platform covering startups and technology in China, is planning an initial public offering

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Fintech Top Articles

Fintech Map Japan

Japan has the world’s third-largest economy and has always been associated with the high technological developments. As the country looks

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Top 12 Fintech Startups in Hong Kong

Hong Kong’s long-established financial center, burgeoning startup scene and developed business center connecting Mainland China with global markets, have made

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Fintech in Hong Kong 2017 Startup and Ecosystem Report and Infographic

With over a hundred fintech ventures and more than 35 investors and accelerator programs, Hong Kong’s fintech ecosystem is growing

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Top 50 Digital Only Banks Ranking 2017

The Financial IT magazine unveiled the Digital Only Bank Ranking in their latest special magazine for Sibos & Money 20/20. They

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The Case for Robo-Advisory and Digital Wealth

An April 2017 Burnmark report rexplored the tie-up between digital wealth and robo-advisory within the FinTech industry. With retail investors

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The Peer To Peer Lending Industry In Hong Kong – High In Potential & Competition

Hong Kong is a well known financial centre in Asia which serves as a gateway to China. According to one

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10 Blockchain Books and Studies You Should Read

Blockchain has become a buzzword in the business world with firms from diverse and varied industries all looking to harness

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6 Hong Kong Crypto and Blockchain Platforms You Should Know

Over the past few years, the fintech industries of south and northeast Asian countries including Hong Kong, Singapore, and China

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Who-Is-Who Of Hong Kong InsurTech

Thrilled to share with you our latest Asia Insurance-Tech (InsurTech) Directory, covering Hong Kong ecosystem. With this directory we aim

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