Posts From Fintech News Hong Kong
Floki Staking and TokenFi Staking Added to SFC’s Alert List Over Risk Concerns
The Securities and Futures Commission (SFC) issued a public warning about two cryptocurrency investment schemes, named “Floki Staking Program” and “TokenFi Staking Program.” These programs claim to offer annualised returns ranging from 30 percent to over 100 percent. The SFC
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Tiger Brokers (HK) Integrates Crypto Trading, Eyeing Retail Market Expansion
Tiger Brokers (HK) Global Limited announced the upgrade of its Type 1 licence to include virtual asset dealing services. This development reportedly positions Tiger Brokers (HK) amongst the first mainstream online brokerages in Hong Kong to integrate such services. The
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Cyberport Taps Dr Rocky Cheng as CEO, Eyes Tech Growth in Hong Kong
Hong Kong Cyberport has appointed Dr Rocky Cheng as the new Chief Executive Officer, effective 3 April 2024. Dr Rocky will take the helm following the completion of Peter Yan’s six-year term. With over 30 years of experience in the
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Hong Kong and China to Expand Cross-Boundary Digital Yuan Pilots
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) unveiled six policy measures to bolster financial cooperation between Hong Kong and Mainland China. Among these, two fintech-related initiatives stand out: the enhancement of cross-boundary credit referencing
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Qupital Secures Series B2 Financing for E-commerce Loans Portfolio
Qupital, an Asian data-driven financing platform for SMEs, has secured its Series B2 financing round The funding, contributed by investors from Hong Kong and Southeast Asia, is intended to expand its securitisation facility with Citi, supporting its e-commerce loan portfolio.
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Nayapay, Alipay+ Boost Global Payments Into Pakistan
Pakistan’s financial platform, NayaPay, has partnered with Alipay+, managed by Ant International, aiming to enhance digital payment solutions and stimulate economic growth. NayaPay states that this collaboration will introduce QR codes compatible with RAAST and Alipay+ partners, enhancing foreign exchange
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HKMA Proposes Enhanced Data Sharing Among Banks for Fraud Prevention
The Hong Kong Monetary Authority (HKMA) issued a public consultation paper, seeking views on a proposal to permit Authorised Institutions (AIs) to share customer account information to prevent and detect financial crime. This move addresses the escalating issue of financial
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Hong Kong’s SFC to Boost Fintech Ecosystem in Latest Strategic Priorities
The Securities and Futures Commission (SFC) of Hong Kong released its Strategic Priorities for 2024 to 2026. It outlines a comprehensive strategy to advance Hong Kong’s securities markets while addressing evolving risks and protecting investors in a shifting capital market
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HashKey Exchange and Animoca Brands Forge Partnership to Boost Web3 Ecosystem
HashKey Exchange, a virtual asset exchange based in Hong Kong, and Animoca Brands, a firm specialising in digital property rights for gaming and the metaverse, have entered a strategic partnership, formalised through a Memorandum of Understanding (MoU). This collaboration seeks
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OCBC Appoints Seth Tan as Head of Corporate Banking for China Unit
OCBC has announced the appointment of Seth Tan as the new Head of Corporate Banking for its China unit. Seth’s appointment, which became effective on 15 January, positions him in Shanghai where he will oversee banking relationships with state-owned enterprises
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