Posts From Fintech News Hong Kong
Airwallex Clinches E-Payment License in China via Acquisition
Cross border payments firm Airwallex has secured a payment business license in China, following the successful acquisition of a 100% stake in Guangzhou Shang Wu Tong Network Technology, an information and online payment services company. Shang Wu Tong Network Technology
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HKEX to Set Up Its First European Office in London by 2023
Hong Kong Exchanges and Clearing Limited (HKEX) will be opening an office in London in the first half of 2023 to extend its international reach beyond its existing offices in Beijing, New York, Shanghai and Singapore. Preparatory work to open
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HSBC Visa Credit Card Customers Can Now Opt For BNPL Option at Checkout
HSBC announced that its Visa credit card customers can now opt for “Visa Instalments” to pay at selected online stores of designated merchants. They can pay by dividing the spending amount into smaller equal payments under instalment plans that offer
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Hong Kong SFC Grants HashKey Approval for Off-Platform Virtual Asset Trading
HashKey Group, a Hong Kong-based digital asset management and blockchain solutions provider, has secured approval from the Securities and Futures Commission (SFC) for its subsidiary Hash Blockchain Limited (HBL) to conduct off-platform virtual asset trading business. HBL can act as
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TransUnion Hong Kong, Baihang Credit to Promote Financial Inclusion in GBA
Consumer credit reporting agency TransUnion has partnered with a Baihang Credit, Chinese licensed personal credit reference agency, to promote financial inclusion in the Greater Bay Area (GBA). This partnership will enable mainland consumers to have efficient and convenient access to
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Anil Wadhwani Named as Prudential’s New Chief Executive
Prudential announced that Anil Wadhwani will be succeeding Mark FitzPatrick as its Chief Executive and join the board as an Executive Director on 25 February 2023. FitzPatrick will remain available as an adviser for an unspecified period. Anil will also join
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Hong Kong Mulls Allowing Retail Investors to Trade Crypto
Hong Kong’s Securities and Futures Commission (SFC) has released its consultation paper on proposed regulatory requirements for Virtual Asset Service Providers (VASPs) before the new licensing regime takes effect on June 2023. Under the new licensing regime, all centralised virtual
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Bank of Japan to Kick off Digital Yen Pilot in April
The Bank of Japan (BOJ) announced that it will launch its Central Bank Digital Currency (CBDC) pilot programme in April this year to test the use of a digital yen. The central bank said that it will complete its Proof
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Hong Kong Trails Behind Singapore in Digital Insurance
Hong Kong is being overshadowed by Western countries and Singapore in online insurance, a lag that can be partly explained by the Hong Kong insurance industry’s heavy reliance on physical agents, a new report by French consultancy Sia Partners says.
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SMEs Remain Confident in Growth Prospects of the Greater Bay Area
In the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), small and medium-sized enterprises (SMEs) are confident in the growth prospects of the region, an optimism that’s evidenced by their plans to invest in capital expenditures and expand their business, a new
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