Posts From Fintech News Hong Kong
HKMA Establishes CBDC Expert Group with 5 Local Universities
The Hong Kong Monetary Authority (HKMA) has set up the Central Bank Digital Currency (CBDC) Expert Group to foster collaboration on CBDC research. They also partnered with five major universities in Hong Kong to be a part of the group.
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Here’s a Peek Into Cyberport’s Month-Long Web 3.0 Event Series
Cyberport, Hong Kong’s Web3.0 hub, is launching a series of Web 3.0 events called “Web3 Innovators Season” from October to November to deepen public awareness of the industry, foster exchange in the industry, and accelerate the development of the local
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Hong Kong Fintech Week 2023 to Draw Over 30,000 Attendees, 5M Viewers Online
The Hong Kong Fintech Week 2023 (HKFW), themed “Fintech Redefined”, will take place from 30 October to 5 November 2023. The event is expected to attract over 30,000 attendees and garner over 5 million online views from more than 90
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JPEX Scandal Shook Hong Kong Public’s Trust in Crypto, HKUST Survey Finds
A survey by the Hong Kong University of Science and Technology (HKUST) Business School found that more Hong Kong people prefer not to hold virtual assets, after the recent JPEX fiasco. The survey found that 41% of respondents prefer not
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BC Technology Refutes ‘Factually Inaccurate and Highly Misleading’ OSL Sale Reports
Hong Kong’s BC Technology Group, the parent company of crypto trading platform OSL, has denied reports that it is considering selling the crypto platform for HK$1 billion (US$ 128 million). According to the Bloomberg report, OSL “may decide to sell
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OSL’s Trading Volume Halves, Parent Company Eyes HK$1 Billion Sale
Hong Kong’s BC Technology Group is reportedly considering selling its crypto platform OSL in a deal worth HK$1 billion (US$128 million), according to Bloomberg. According to the report, OSL’s parent company is considering selling parts of its crypto trading platform.
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ZA Bank and Mox Bank Rank Among Top 10 Mobile Banking Apps in the World
ZA Bank and Mox Bank, two of the eight digital banks from Hong Kong, have ranked in the top 10 of Sia Partners’ 2023 Mobile Banking Benchmark, a global study of mobile banking apps. Sia ranked ZA Bank as 6th
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Privacy Commissioner’s Report Affirms ZA Bank’s Customer Data Protection Measures
The Office of the Privacy Commissioner for Personal Data (PCPD) has published an inspection report on the customers’ personal data system of ZA Bank, the first virtual bank in Hong Kong. ZA Bank was granted a virtual banking license by
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Citi Inks Deal to Sell Consumer Wealth Business in China to HSBC
Citi announced that it has agreed to sell its onshore consumer wealth portfolio in China to HSBC Bank. The transaction includes clients, assets under management (AUM) and deposits totaling approximately US$3.6 billion. The deal is expected to close in the
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Hong Kong’s Most Prominent Fintech Investors
Hong Kong is home to a burgeoning fintech ecosystem that comprises over 800 fintech companies, among which startup unicorns the Amber Group, Babel Finance, Micro Connect and WeLab. The city boasts a high consumer fintech adoption rate, with 74% of
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