Posts From Fintech News Hong Kong
HKMA’s Project Ensemble to Propel Tokenisation Market with wCBDC Initiative
The Hong Kong Monetary Authority (HKMA) has announced the initiation of Project Ensemble, a new venture aimed at supporting the development of the tokenisation market in Hong Kong via the introduction of a wholesale central bank digital currency (wCBDC). This
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Mox Partners Wise to Launch New Remittance Offering
Mox Bank has launched Express Remit, a new service powered by Wise Platform, offering customers a streamlined and cost-effective way to transfer money internationally. This service enables Mox customers to transfer funds internationally directly through the Mox app, offering transactions
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Mox Bank Introduces Mox Invest for Enhanced Wealth Management
Mox Bank Limited has announced the rollout of Mox Invest, a new investment service available to its customers in Hong Kong. Mox Invest offers customers unprecedented access to the US and Hong Kong equities, as well as fund trading, setting
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HKMA Eddie Yue Highlights Transformative Role of AI in Finance
Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), delivered a keynote speech at the ASIFMA Annual Conference today, highlighting key observations from the past year and outlining Hong Kong’s positioning as an international financial centre. Amid discussions
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Citigroup to Expand Wealth Management Business in Greater Bay Area
Citigroup is set to bolster its wealth management operations in the Greater Bay Area and across Asia, leveraging its base in Hong Kong, as affirmed by its global head of wealth. Despite selling its mainland wealth business to HSBC in
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Hong Kong Introduces Prototype Green Fintech Map
The Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) unveiled the Prototype Hong Kong Green Fintech Map in collaboration with Cyberport and Invest Hong Kong (InvestHK) This aims to assist corporates and financial firms identify green and sustainable financial
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Hong Kong’s Unlicensed Crypto Exchange Platforms Must Cease Operations by May 31
The Securities and Futures Commission (SFC) reiterates its regulatory stance regarding virtual asset trading platforms (VATPs) or more commonly known as crypto exchanges operating in Hong Kong. As of 1 June 2024, VATPs that do not submit licence applications to
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Justin Sun’s HTX Withdraws Crypto License Application in Hong Kong
HTX, formerly Huobi Global, has officially withdrawn its application for a license to operate in the Hong Kong cryptocurrency market. The Securities and Futures Commission (SFC) confirmed that HBGL Hong Kong Limited, associated with HTX, retracted its application only three
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HKMA Highlights Urgent Need for Climate Finance in Asia Pacific
At the Hong Kong Green Week – Finance Stream, Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority (HKMA), underscored the crucial importance of mobilising climate finance to aid the Asia Pacific region in its transition towards a
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Hong Kong Banks Implements Anti-Malware Measures to Protect Customers
The Hong Kong Association of Banks (HKAB) announced that major retail banks in Hong Kong are stepping up their security measures to shield customers from evolving malware scams. Aligned with guidance from the Hong Kong Monetary Authority and the Hong
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