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Fostering Innovation In The Heart Of China’s Greater Bay Area

Competition to innovate is set to peak with the development of China’s Greater Bay Area. The region is estimated to represent about 12% of the country’s current economy and attract some of the biggest players in innovation. The competition lies

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Shenzhen-Hong Kong Fintech Award Winners

Mr Norman Chan, Chief Executive of the Hong Kong Monetary Authority (HKMA), together with Mr Ai Xuefeng, Deputy Mayor of the People’s Government of Shenzhen Municipality, and Mr He Xiaojun, Director-General of the Office of Financial Development Service (OFDS), met

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27 Chinese Banks Work With SWIFT gpi to Accelerate Their Global Reach

SWIFT released today the names of the ten Chinese banks that have gone live on its global payments innovation initiative (gpi) since its launch in May 2017. The banks are: Bank of China, Industrial and Commercial Bank of China, Bank

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BNY Mellon and Deutsche Bank Integrates Their Chatbots

BNY Mellon and Deutsche Bank today announced the integration of their chatbots built on the Symphony platform which will result in a more seamless flow of information for clients trading securities on the Hong Kong Stock Exchange. The chatbots will

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China’s CEOs More Likely to Collaborate with Startups

CEOs of companies headquartered in mainland China and Hong Kong are optimistic about the growth outlook of the global economy and their companies, and are actively investing in innovative technologies and pursuing M&A to achieve their growth objectives, finds a

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Jack Ma: Alibaba To Invest Over 100 Billion Yuan on Smart Logistics

Alibaba Group will invest over 100 billion yuan to build the technical backbone for a smart logistics network aimed at improving delivery reach and efficiency, as well as sharply driving down logistics costs, said Jack Ma, Executive Chairman of Alibaba

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Rise of The Neo-Banks: Hong Kong Issues New Guidelines for Virtual Banks

The Hong Kong Monetary Authority (HKMA) published today a revised Guideline on Authorization of Virtual Banks (the Guideline) following the completion of a public consultation. During the public consultation, the HKMA received submissions from a total of 25 respondents, including

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Government Efforts Push Fintech Innovation In Guangzhou

China is undeniably the world leader in fintech, hosting some of the most innovative and successful companies in the sector, including Alibaba’s Ant Financial worth a whopping US$150 billion and Lufax, China’s largest online wealth management platform worth an estimated

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Cyberport At The Forefront Of Hong Kong’s Fintech Revolution

Cyberport, which houses the largest fintech community in Hong Kong, has been at the forefront of the fintech revolution as the organization works towards developing the local digital technology industry and turn Hong Kong into a “smart city.” Claiming a

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HSBC Launches Facial-Recognition Banking for Corporate Customers

HSBC Holdings has become one of the first banks in the world to let corporate customers access mobile banking using facial-recognition technology, speeding up the log-in process and increasing account security. Clients can now use Face ID in 24 countries

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