Fintech News Hong Kong

SFC to Beef Up List of Suspicious Crypto Exchanges After JPEX Fiasco

Hong Kong’s Securities and Futures Commission (SFC) will publish the names of virtual asset trading platform’s (VATP) that have applied

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HKMA Kicks off Green Fintech Competition

The Hong Kong Monetary Authority (HKMA) has announced the Green Fintech Competition. The competition is open to green fintech firms

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HK Government, Central Bank Look to Issue More Tokenized Bonds

Building on their experience from Project Evergreen, the Hong Kong Monetary Authority (HKMA) and the government are planning to work

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JPEX’s Ongoing Saga: Deregistration, Telecom Blocks, and Regulatory Disputes

Beleaguered crypto exchange JPEX has allegedly applied for deregistration with the Australian Securities and Investment Commission, according to Cointelegraph. JPEX

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moomoo Kicks off Its Online Brokerage in Japan

Global investment and trading platform moomoo announced the launch of its online brokerage business in Japan on 19 September 2023.

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Know Your Customer Now Available on Hong Kong’s Commercial Data Interchange

Know Your Customer, a regtech firm focused on business KYC verification, is now available on the Hong Kong Monetary Authority’s

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Over 1,600 Investors Lost HK$1.2 Billion in JPEX Crypto Exchange Scam

More than 1,600 investors have fallen victim to crypto exchange JPEX‘s scam in Hong Kong, with losses totaling HK$1.2 billion

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JPEX Crypto Exchange Accuses SFC of Unfair Treatment as Police Arrest Six

Six people have been arrested in Hong Kong as part of an investigation into suspected fraud involving the cryptocurrency exchange

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Hong Kong’s SFC Warns Investors Against Unregulated Crypto Exchange JPEX

Hong Kong’s Securities and Futures Commission (SFC) has warned investors against using the unregulated cryptocurrency exchange JPEX. The statement stressed

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Beware of Crypto Firms Using the Word ‘Bank’, HKMA Cautions

The Hong Kong Monetary Authority (HKMA) has issued a warning to the public to be wary of crypto firms that

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Hong Kong Digital Insurer Bowtie Bags US$34.9 Million in Series B2

Hong Kong’s virtual insurer Bowtie announced that it has raised a US$34.9 million Series B2 funding round led by main

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HKMA’s Eddie Yue Appointed to Key Role at BIS

The Hong Kong Monetary Authority’s (HKMA) Chief Executive Eddie Yue was appointed Chair of the meeting of Governors of major

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Japan Government Pushes for Fintech Development

Despite having a rich history of financial innovation, Japan has remained a relatively cash-based society, lagging well behind neighbouring countries

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BIS, Hong Kong and Israel Release Report on Secure Retail CBDCs

The Hong Kong and Israel central banks along with the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre

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Ant Group CEO Eric Jing Says Digital Yuan Could Bring ‘Huge Synergy Effects’

Fintech giant Ant Group‘s Chairman and CEO has Eric Jing has come forward to express his support for e-CNY, China’s

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MUFG Sets up JPY 20 Billion Fund to Support Startups With Innovative Tech

Mitsubishi UFJ Financial Group (MUFG) and its subsidiary, Mitsubishi UFJ Innovation Partners (MUIP), have established a JPY 20 billion (US$136.4

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Navigating the Challenges and Opportunities of Cross-Border Payments in APAC

In recent years, the payments industry has undergone a paradigm shift, altering the way consumers and businesses interact financially. According

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Airwallex Launches New Campaign to Help Hong Kong Startups Go Global

Cross border payments firm Airwallex has announced the launch of a new business readiness campaign for Hong Kong startups. The

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HKEX Opens New London Office to Expand Global Reach

The Hong Kong Exchanges and Clearing Limited (HKEX) has officially opened its new office in London, further extending its existing

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The Opportunities and Challenges Facing E-Wallets in Hong Kong

Since their inception in 2016, Stored Value Facilities (SVFs) have rapidly expanded, with the market now served by an intriguing

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Elevate Your Brand With the Future of Checkout Experiences

The global retail landscape is in the throes of a transformative phase, reshaping the very essence of the shopping experience.

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HKMA’s Fintech Roadmap Propels Hong Kong Towards Future Financial Innovation

In recent years, the fintech landscape in Hong Kong has emerged as a transformative force, driving the evolution of the

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SEBA Hong Kong Gets In-Principle Nod for Crypto Services

Crypto bank SEBA announced that its Hong Kong subsidiary has secured the in-principle approval from the Securities and Futures Commission

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HashKey Exchange Has Gone Live With Crypto Trading Platform

HashKey Exchange, one of Hong Kong’s licensed retail virtual asset exchange, announced that it has officially gone live on 28

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HKEX Makes Two Senior Appointments

The Hong Kong Exchanges and Clearing Limited (HKEX) has named John Hsu as Managing Director and Group CTO. He will

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S. Korea’s MOIN Partners Currencycloud to Enhance Cross-Border Payments

Currencycloud, a provider of B2B embedded cross-border solutions, and South Korean cross-border payment company MOIN join forces to make cross-border

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Hong Kong’s Insurance Authority Reappoints Clement Cheung as CEO

Clement Cheung Wan-ching has been reappointed as the Chief Executive Officer (CEO) of the Insurance Authority (IA) for a three

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DBS Now Largest Foreign Bank in Taiwan After Finalising Citi Acquisition

DBS Bank has wrapped up it acquisition of Citi Consumer Taiwan, positioning itself as the largest foreign bank by assets

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Hong Kong Adopts ChatGPT Founder’s Worldcoin Amid Controversy

In 2021, the world was introduced to Worldcoin, a cryptocurrency project created by Sam Altman, the creator of ChatGPT.  Worldcoin’s

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HKVAX Gets In-Principle Approval for Crypto Services in Hong Kong

The Securities and Futures Commission (SFC) has issued an in-principle approval to the Hong Kong Virtual Asset Exchange (HKVAX). This

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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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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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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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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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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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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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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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