Posts From Fintech News Hong Kong

HKSTP Wants to Cultivate Startups at Every Point of Their Life Cycle in Hong Kong with HK$10 Billion Funding

Hong Kong Science and Technology Parks Corporation (HKSTP) announced new initiatives, enhanced programmes and support services aimed at strengthening and accelerating the growth of Hong Kong’s tech sector, with a particular focus on startups. These new measures are the first

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Top 5 Upcoming Fintech Blockchain Conferences in Korea

From Singapore to Korea, the Republic of Korea continues to make moves at becoming a hub in the digital finance and fintech blockchain space. Thus, it is no wonder that a plethora of Fintech start-ups emerges month after month. It

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Citi Launches Live Chat to Service Hong Kong’s 1 Million Millionaires

Citi Hong Kong has launched Citi Live Chat, which enables the bank’s relationship managers to interact with their Citigold Private Client (CPC) and Citigold customers more conveniently, without needing third-party platforms like WeChat. The platform allows customers to connect with

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Is UnionPay Breaking the Visa and Mastercard Duopoly?

It’s a well known fact that the cards network sector is dominated by the Visa and Mastercard duopoly. If you live outside of China, a quick glance into your wallet will likely prove that fact. Enter UnionPay, established in 2002

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Local Virtual Bank Neat, Scores US$3 M Funding Led by Linear Capital

Hong Kong-based challenger bank Neat, announced a US$3 million funding round led by China-based VC Linear Capital, an early stage venture focusing on data-driven startups. This brings the total funding raised by Neat this year to US$5 million. Existing investors

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20 Fintech Experts You Should Meet at Hong Kong Fintech Week 2018

From October 29 to November 02, 2018, Hong Kong will be hosting its third annual Hong Kong Fintech Week. This year’s event will be the world’s first cross-border fintech event, spotlighting not just Hong Kong, but the whole Guangdong-Hong Kong-Macao

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Blockchain Startup Enters China’s Developing Chengdu Region

Blockchain-based startup SophiaTX establishes a presence in Chengdu, which is said to be one of the fastest growing cities in China. Chengdu has been described as one of the hot new startup hubs to emerge since 2017, thanks to rapid economic

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Open Banking Hong Kong — How Open is Open?

Following the rollout of Open Banking regulations in the UK and the launch this year of the EU’s Payment Services Directive 2 (PSD2), countries across the Asia-Pacific region are following suit to establish their own frameworks to enable banks to

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China E-Commerce Industry Enters “New Retail” Era

The Chinese retail industry is entering a “new retail” era, characterized by the widespread use of technologies such as artificial intelligence (AI) and big data to digitalize the entire value chain, according to PwC. China is the world’s biggest consumer

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CLSA Launches Accelerator for Fintech Startups in Hong Kong

CLSA, capital markets and investment group in Asia launches AlphaLabs to provide early investing or help in developing early-stage fintech startups they deem disruptive. CLSA is affiliated with China’s CITIC Group, a state-owned investment company. This decision comes from CLSA’s three-decade experience

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