Posts From Fintech News Hong Kong
Citi Names Joy Cheng as Head of Commercial Bank in Hong Kong
Citi announced today the appointment of Joy Cheng as Head of Citi Commercial Bank (CCB) for Hong Kong, effective 1st February 2024, succeeding the recently retired Anson Kwok. With over 30 years of experience at Citi, including her recent role
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Hong Kong Targets Global Leadership in Green Technology and Finance
Hong Kong’s Financial Secretary, Paul Chan Mo-po, highlighted the city’s significant potential to become a critical international center for green technology and finance. In a recent blog post, Chan underscored the success of over 200 high-quality green tech enterprises from
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Chan Kin-por and Peter Yan Join HKEX Board in Latest Government Appointments
The Government announced the appointment of Chan Kin-por and Peter Yan King-shun to the Board of Directors of the Hong Kong Exchanges and Clearing Limited (HKEX), replacing Laura Cha May-lung and Benjamin Hung Pi-cheng. Additionally, Susan Chow Woo Mo-fong has
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UBS Issues Hong Kong’s First Investment-Grade Tokenised Warrant on Ethereum
UBS has launched Hong Kong’s first investment-grade tokenised warrant, leveraging the Ethereum public blockchain. This product is part of the bank’s UBS Tokenise initiative, aimed at advancing its in-house tokenisation services. The product is a call warrant with Xiaomi Corporation
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Top Trends in Banking in 2024 According to HKMA
The banking landscape is expected to witness significant changes in 2024, influenced by technological advancements, regulatory initiatives and shifting consumer preferences. New reports released by the Hong Monetary Authority (HKMA), French consulting firm Capgemini and tech corporation IBM explore the
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MUFG Bank Acquires 15.55% Stake in Robo-Advisor WealthNavi for US$104M
MUFG Bank, a subsidiary of Mitsubishi UFJ Financial Group, has acquired a 15.55% stake in robo-advisor WealthNavi for approximately 15.65 billion yen (104.15 million), marking a strategic move to bolster its digital financial services. This capital and business alliance aims
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S. Korea Tightens Grip on Crypto Firms as Renewal of Regulatory Approvals Loom
The Korea Financial Intelligence Unit (KoFIU) announced plans to ramp up the scrutiny of cryptocurrency exchanges operating within the country. Starting this year, exchanges that do not meet stringent regulatory standards will face expulsion from the market, according to The
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HKMA Reviews Progress on Banking Sector’s Loss-Absorbing Capacity Requirements
The Hong Kong Monetary Authority (HKMA) has issued a report detailing the implementation of loss-absorbing capacity (LAC) requirements in Hong Kong’s financial sector. The document provides a comprehensive analysis of the steps taken towards establishing a robust framework for LAC,
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Hex Trust Expands Advisory Board with Two New Members
Hex Trust, an institutional-grade digital asset custodian with licenses in major global financial centers, has recently expanded its advisory board with the addition of Dr. Dimitrios Kavvathas and Marty Jetton. Their appointments are expected to enhance the company’s strategic direction
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Hong Kong Launches HK$6B Tokenised Digital Green Bonds Offering
The Government of the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China has today announced the successful offering of approximately HK$6 billion in digital green bonds under its Government Green Bond Programme. This offering, denominated in
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