Fintech News Hong Kong
Central Banks Balance Innovation with Stability in the Age of Digital Currency
Innovation has severely rattled monetary systems as emerging technologies rapidly transform how money and finance operate globally. The landscape of
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Hong Kong Among the Most Advanced in CBDC Development
This year’s PwC Global CBCD Index is seeing the addition of new countries into its ranking of the world’s most
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HKMA Plans Second Tokenised Green Bonds Release
The Hong Kong Monetary Authority (HKMA) is set to issue a second batch of tokenised green bonds, announced by Chief
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Hong Kong and Thailand Launch New Cross-Border QR Payment System
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have launched the FPS x PromptPay Link, facilitating
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Hong Kong Calls for Greater Bank Participation in Digital Yuan Initiative
During a recent fintech conference held in Shenzhen, Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, emphasised
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Hong Kong Fintech Week 2023: A Summary of Key Highlights
Hong Kong Fintech Week (HKFW) 2023, organised by the Financial Services and the Treasury Bureau, Invest Hong Kong, and various
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Hong Kong Debuts First Saudi ETF in Asia Amid Growing China-Saudi Ties
The first-ever exchange-traded fund (ETF) in Asia, focusing on Saudi equities, commenced trading in Hong Kong on Wednesday. This event
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Shenzhen, Hong Kong to Launch Blockchain Cross-Border Data Verification Platform
Shenzhen and Hong Kong have announced a joint initiative to launch a verification platform for cross-border data. This platform is
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OCBC Names Wang Ke as New CEO for Hong Kong Subsidiary
OCBC Bank has appointed Wang Ke as the new CEO of its Hong Kong subsidiary, effective 15 December 2023. This
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Three More Banks Join China’s Digital Yuan Initiative
The participation of foreign banks in China’s digital yuan initiative, known as the e-CNY, has expanded with the addition of
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Second Crypto Scam Rocks Hong Kong, Over HK$120 Million Lost to Hounax
The Hong Kong police have initiated an investigation into Hounax, a cryptocurrency trading platform, after 131 individuals reported losing a
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Hong Kong and China Bourses Ink MoU for Green Finance
The Hong Kong Exchanges and Clearing Limited (HKEX) has signed a Memorandum of Understanding (MOU) with the China Beijing Green
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Growth of Hong Kong Fintech Sector Stalls
After years of sustained development, the growth of Hong Kong’s fintech industry is stalling, with business formation slowing down and
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Standard Chartered Joins China’s Digital Yuan Pilot as First Foreign Bank
Standard Chartered’s China division has joined the digital renminbi business pilot, making it one of the first foreign banks to
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HKMA Launches Suspicious Proxy ID Alert for Faster Payment System
The Hong Kong Monetary Authority (HKMA) has rolled out the Suspicious Proxy ID Alert for the Faster Payment System (FPS).
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Navigating APAC’s Financial Transformation for Customer and Competitive Gains
In a region experiencing rapid digitalisation, Asia-Pacific is projected to lead global cashless transaction growth and surpass 50% of the
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BIS Raises Concern Over Digital Monopolies by Bigtech Like Tencent and Alibaba
Bigtech companies such as Alibaba, Meta and Tencent, are rapidly expanding their presence in the financial services sector. This increasing
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South Korea to Test Digital Won with 100,000 Citizens in CBDC Pilot Next Year
South Korea is preparing to launch a pilot programme for a central bank digital currency (CBDC) involving 100,000 citizens, as
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Hong Kong’s SFC Takes Legal Action Against AMTD for Suspected IPO Misdeeds
The Securities and Futures Commission (SFC) of Hong Kong has initiated legal proceedings against AMTD Global Markets Limited, now known
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Hong Kong’s Financial Sector Unites to Fight Financial Fraud with Anti-Deception Alliance
The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Association of Banks (HKAB) and various banking institutions,
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SBI Holdings and Circle to Advance USDC Stablecoin, Web 3.0 Adoption in Japan
Tokyo-based financial institution SBI Holdings has entered into a strategic partnership with Circle Internet Financial, a global fintech firm and
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Insurlog Ties Up With OneDegree’s IXT to Enhance Logistics Insurance in Vietnam
Insurlog, a provider of last-mile delivery insurance for e-commerce enterprises in Vietnam, has joined forces with OneDegree Global‘s insurtech division
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ZA Bank Gains Regulatory Nod to Offer U.S. Stock Trading in Hong Kong
Hong Kong’s ZA Bank has received regulatory clearance from the Securities and Futures Commission (SFC) to expand its services. This
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Hong Kong and Abu Dhabi Regulators Strengthen Fintech Ties
The Hong Kong Monetary Authority (HKMA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) have
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LOTTE HIMART and bolttech Introduce Home Appliance Switch Service in South Korea
South Korean electronics retailer LOTTE HIMART has partnered with international insurtech company bolttech to introduce a home appliance switching service.
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OKX Hong Kong Applies for Crypto Trading License with SFC Amid Industry Scrutiny
Cryptocurrency exchange OKX Hong Kong Limited has submitted an application for a virtual asset trading platform (VATP) license with the
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Dubai and Shanghai Exchanges to Share Expertise in Financial Collaboration
The Dubai Financial Market (DFM), Nasdaq Dubai, and the Shanghai Stock Exchange (SSE) have recently signed a Memorandum of Understanding
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6 Ways Hong Kong’s e-HKD Pilot Initiative Explores the Future of Currency
As part of its forward-looking “Fintech 2025” strategy, the Hong Kong Monetary Authority (HKMA) is preparing for the advent of
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Bank Saqu Launches in Indonesia as WeLab’s Second Digital Bank in Asia
Hong Kong’s WeLab, in collaboration with Astra Financial, has launched Bank Saqu in Indonesia, marking its second digital banking venture
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Mastercard’s Joint Venture Secures Bank Card Clearing License in China
Mastercard NUCC, a joint venture between Mastercard and NetsUnion Clearing Corporation, has been issued a bank card clearing license by
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An Overview of Digital Wallets in Hong Kong in 2020
Hong Kong has been pushing for greater development and adoption of digital and mobile payments with the Hong Kong Monetary
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Fintech Top Articles
Meet Hong Kong’s 8 New Virtual Banks
UPDATE: Four of Hong Kong virtual banks have since launched, check out our latest article to find out the progress
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How Does Hong Kong’s Digital Lending Scene Compare to The Disaster in China
P2P lending and digital lending has been on the rise lately, with many countries moving to regulate the space. Conventional
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Crowdfunding Fails To Take Off In Hong Kong
In recent years, crowdfunding has emerged as a popular way for individuals, startups and businesses to raise funding from a
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Citi Launches Live Chat to Service Hong Kong’s 1 Million Millionaires
Citi Hong Kong has launched Citi Live Chat, which enables the bank’s relationship managers to interact with their Citigold Private
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HKMA Moves to Plug the Regtech Talent Gap to Promote Adoption
A recent report commissioned by the Hong Kong Monetary Authority (HKMA) had highlighted a series of recommendations to promote the
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Ant Financial to Share Full Suite of AI Capabilities with Asset Management Companies
At Financial announced that the Company will share a full suite of AI capabilities with asset management companies in China
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Local Fintech Startup to Fuel Global Ambition with US$1.6 Million from Vectr Ventures
gini, a Hong Kong-based smart spending-tracker announced that it has completed its seed round with a $1.6 million investment from
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Robo-Advisor AQUMON, a HKUST Incubatee Receives yet Another Round of Funding
Designed by Magnum Research, Aqumon is a robo advisory service aimed at making wealth management more accessible to the Hong
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Fintech in Hong Kong 2017 Startup and Ecosystem Report and Infographic
With over a hundred fintech ventures and more than 35 investors and accelerator programs, Hong Kong’s fintech ecosystem is growing
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Sofi Invest Enters HK With Its Commission Free-Trading Through Acquisition of 8 Securities
SoFi, the digital personal finance company, announced today an expansion into its first international market, with the introduction of SoFi
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Research Paper Examines the Impact of China’s New Regulatory Regime for P2P Lenders
China, the undisputed fintech leader, has seen its online lending market grow rapidly since the late 2000s, fueled by the high
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Deliveroo Launches Deliveroo Links –A First-Of-Its-Kind Surplus Food Donation Campaign In Hong Kong
Deliveroo, a Hong Kong’s food delivery company, announces the launch of ‘Deliveroo Links’. This is a first-of-its-kind surplus food donation
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Chinese Personal Finance Fintech Sponsors NBA China
X Financial and NBA China announced today a multi-year marketing partnership that makes the company an official marketing partner of NBA China.
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Local Virtual Bank Neat, Scores US$3 M Funding Led by Linear Capital
Hong Kong-based challenger bank Neat, announced a US$3 million funding round led by China-based VC Linear Capital, an early stage
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Crushed By China’s P2P Crackdowns, Lufax’s Global Strategy Is Now Robo-Advisors
Just in March, Lufax had big aspirations towards launching an IPO that they hoped would raise its valuation to USD60
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A Look at Line and Nomura’s Zero-Commission Online Brokerage in Japan
Line Securities Corporation, a joint venture between Asian financial services group Nomura Holdings and Line Financial Corporation, the financial services
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Hong Kong Gets Its First Equity Crowdfunding Platform, Well Kinda
Earlier this week, South Morning China Post reported that Hong Kong’s Securities and Futures Commission has issued its first equity
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How WeChat Pay Determines If You Are Trustworthy With Their Credit Score
WeChat Pay, Tencent’s mobile payments system integrated into the WeChat super-app, has told its users that it will be giving
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