Fintech News Hong Kong

Coinbase Shutters Japan Operations, Users Have Until 16 Feb to Withdraw Assets

Cryptocurrency exchange Coinbase said that it will be shuttering its operations in Japan and its users has until 16 February

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South Korean P2P Lender PeopleFund Raises US$20 Million Led by Bain Capital

South Korean peer-to-peer (P2P) lending platform PeopleFund announced that it has raised an additional US$20 million led by existing investor

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5 Hong Kong Fintech Startups Making Inroads in Web3

It has been a tumultuous couple of years for the bustling fintech scene as well as Web3 startups in Hong

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livi Launches QR Payments Accepted at Over 29 Million Merchants in China

Hong Kong’s livi bank has launched its QR payment feature for the Mainland market, allowing its customers to make cross-border

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The Changing Face of Insurance Distribution in Hong Kong — Can Incumbents Keep Up?

In recent years, especially since 2019, there has been a noticeable shift in Asian consumers buying behaviour towards online channels.

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How API Solutions Can Unlock Bond Opportunities

Financial regulations and IT changes are creating an environment where businesses must quickly adapt to stay relevant to their clients.

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ZA Bank Offers Debt Consolidation Plan With 6-Months Payment Deferment

Hong Kong’s virtual bank ZA has rolled out its new debt consolidation programme ‘Debt Changer’ which seeks to make it

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Jack Ma Steps Down From Ant Group: The Inside Story

Jack Ma, the billionaire founder of Alibaba Group, is giving up control of the fintech unit Ant Group after China

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Hong Kong Set to Roll Out Contactless Payments at Toll Booths This Year

Hong Kong’s Transport Department (TD) will be gradually rolling out the HKeToll at all government tolled tunnels this year to

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InvestHK to Aid Indonesian and Singaporean Firms to Set Up in Hong Kong

InvestHK’s Director-General of Investment Promotion Stephen Phillips has embarked on a duty visit to Jakarta, Indonesia as well as Singapore

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Manulife Appoints Anne-Maree Tassell as COO for Asia

Manulife has announced the appointment of Anne-Maree Tassell as its new Chief Operations Officer for Asia effective today onwards. Anne-Maree

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ZA Bank Rolls Out Short-Term Savings Insurance Available From HKD10,000

Hong Kong’s virtual bank ZA announced that it has rolled out another short-term savings insurance plan starting from HKD 10,000

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Taiwan’s Digibank Next Bank Launches on Temenos

Temenos announced that Next Bank , a new digital bank backed by Chunghwa Telecom, Taiwan’s largest telecom operator, has gone

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Year in Review: Hong Kong’s Top 5 Most Important Fintech Stories In 2022

Hong Kong’s emergence as a fintech hub is no secret as the city has long been at the forefront of

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Animoca Brands, LayerZero Launch Hackathon With Its First Stop at Cyberport

Metaverse ecosystem builder Animoca Brands and blockchain interoperability protocol LayerZero have launched a global hackathon to demonstrate real-world use cases

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Five Key Takeaways From the Temenos Regional Forums in Asia Pacific

The Asia-Pacific financial sector is undergoing rapid transformation. Consumers’ expectations have significantly increased as a result of the digital revolution

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Hong Kong Pilots the FintechHK Community Platform

InvestHK has soft launched the FintechHK Community Platform to encourage local startups to expand their business to the Mainland, Southeast

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Hong Kong’s Lending Business Enter Recovery Mode as Consumer Sentiments Improve

In Q2 and Q3 2022, consumer credit activity in Hong Kong increased in key product categories amid eased COVID-19 restrictions,

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HKEX Sets up New York Office Headed by Roger McAvoy

The Hong Kong Exchanges and Clearing (HKEX) announced that it will be setting up a new office in New York

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Hong Kong to Enhance Its Climate Data Availability Through Inclusion of SMEs

Hong Kong is looking to enhance its climate data availability and sustainability reporting through the partnership between the Green and

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Korean Super App Toss Valued at US$7 Billion With Latest Series G Fundraise

Toss, a South Korean super app operated by fintech startup Viva Republica, announced that it has raised a US$405 million

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RD Wallet Scores SVF License From Hong Kong Regulator

RD Wallet Technologies, a Hong Kong-based e-wallet operator offering payment services to corporates, announced that it has been granted the

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Hong Kong Seeks Public Feedback on Crowdfunding Rules

The Hong Kong government is seeking feedback firm the public for the next three months until 20 March 2023 on

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Klook Ties up With AXA to Offer Insurance Protection to Its Hong Kong Customers

Travel and leisure booking platform Klook has partnered with AXA Hong Kong & Macau to provide insurance protection for its customers.

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Hong Kong’s SFC Appoints Julia Leung as New CEO

Hong Kong’s Securities and Futures Commission (SFC) has announced the appointment of Julia Leung as its Chief Executive Officer for

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Adyen Debuts Its Unified Commerce Solution for Japanese Businesses

Adyen, a global payments firm for businesses, has announced the launch of its unified commerce solution in Japan for in-person

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Hashkey and ZA International Join Forces to Invest in Digital Assets, Web 3.0

HashKey Group, a Hong Kong-based digital asset management and blockchain solutions provider, has partnered with digital insurer ZA International to

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China’s E-Commerce: Resilient Amidst Economic Downturn

With a population of 1.4 billion, China has all the makings of a hotbed for e-commerce, a match made in

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AWS Rolls Out Gamified Tool to Help Financial Institutions Plug the Digital Talent Gap

Amazon Web Services (AWS) announced the launch of a new interactive, game-based learning experience to help individuals and organisations develop

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Hex Trust Appoints Animoca Brands’ Senior Advisor to Its Board of Directors

Hex Trust, a fully-licensed and insured provider of bank-grade custody for digital assets, announced that Mark Cheng has joined its

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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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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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South Korea’s Rapidly Growing P2P Lending Industry Faces Scrutiny

With a mushrooming delinquency rate and investment fraud allegations, South Korea’s rapidly growing peer-to-peer (P2P) lending industry has come under

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