Fintech News Hong Kong

DBS Group Holdings Increases Private Banking Team in Hong Kong by 25%

DBS Group Holdings is hiring additional private bankers in Hong Kong as the bank continues to attract significant funds from

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SFC Reminds Virtual Asset Trading Platforms of Licensing Deadline

The Securities and Futures Commission (SFC) reminds the public that the non-contravention period for virtual asset trading platforms (VATPs) operating

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Currencycloud and Pyvio Partner to Improve Cross-Border Payments for Chinese E-Commerce

Currencycloud, known for simplifying multi-currency business operations, and Pyvio, a Hong Kong-based fintech building financial services infrastructure, have announced a

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XTransfer and TerraPay Partner to Enhance Cross-Border Payment Solutions for SMEs

XTransfer, a B2B cross-border trade payment platform in China, has partnered strategically with TerraPay, a global money movement company. This

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Singapore-Based Aspire Obtains Money Service Operator License in Hong Kong

Aspire, an all-in-one finance platform headquartered in Singapore, has successfully obtained a Money Service Operator (MSO) License issued by the

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China and Thailand Sign MoU to Promote CBDCs

The Bank of Thailand has signed a memorandum of understanding (MoU) with China to advance the development and usage of

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Hong Kong Strengthens Financial Collaboration with Malaysia

The Hong Kong Monetary Authority (HKMA) delegation, led by Chief Executive Eddie Yue, concluded a three-day visit to Kuala Lumpur,

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OSL Group First Digital Asset Firm in MSCI Hong Kong Index

OSL Group, a publicly listed company in Hong Kong dedicated to digital assets, will be included in the MSCI Hong

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HKMA’s New Guidelines Aim to Equip Bank Employees for AI Transformation

In response to the rapid integration of Artificial Intelligence (AI) in banking, the Hong Kong Monetary Authority (HKMA) announced updated

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OKX Hong Kong Announces Withdrawal of Crypto Application

OKX Hong Kong has officially withdrawn its application for a crypto license, leading to significant changes in its service offerings

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Visa Debuts Flexible Credential and Tap to Pay Features in Asia Pacific

Visa has announced a series of new payment technologies designed to enhance the digital transaction experience in the Asia Pacific

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Hong Kong Privacy Watchdog Finds Sam Altman’s Worldcoin ID Project Breaches Law

The Office of the Privacy Commissioner for Personal Data (PCPD) has concluded its investigation into the Worldcoin project, finding it

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More Crypto Firms Exit HK’s Licensing Race as Deadline to Cease Operations Looms

An increasing number of crypto firms are withdrawing their license applications to be a virtual asset trading platform (VATP) in Hong

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FWD Group and AWS Deepen Collaboration on Cloud-First Strategy

FWD Group, a multinational insurance company based in Hong Kong, has announced a five-year technology services agreement with Amazon Web

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Hong Kong Pilots World’s First Integration of Payment System with China’s Digital Yuan

Hong Kong residents can now set up digital yuan (e-CNY) personal wallets using only their Hong Kong mobile phone numbers.

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Arthur Yuen to Continue as HKMA Deputy Chief Executive for 2 More Years

The Hong Kong Monetary Authority (HKMA) has announced that Arthur Yuen’s tenure as Deputy Chief Executive has been extended for

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The Transformative Potential of Blockchain for the Hong Kong Financial Sector

Hong Kong, a global financial centre, is incorporating blockchain technology into its financial services industry. As an international financial hub,

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Justin Sun’s HTX Withdraws Second Crypto License Bid, To Shut in Hong Kong

HBGL Hong Kong Limited, the Hong Kong affiliate of cryptocurrency exchange HTX (formerly Huobi Global), has withdrawn its application for

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Standard Chartered Leverages DLT for First Euro Cross-Border Transactions on Partior

Standard Chartered announced that it had completed the first Euro-denominated cross-border transactions between Hong Kong and Singapore. This milestone makes

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Standard Chartered, Mastercard, Mox, and Libeara Complete Tokenisation Proof-of-Concept Pilot

Standard Chartered Bank (Hong Kong) Limited (SCBHK) has collaborated with Mox Bank, Mastercard, and Libeara to complete a proof-of-concept (POC)

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ZA Bank Investors Earn Over HK$40M in Profits Last Year

ZA Bank has released a report revealing that 80 per cent of its fund investors made a profit in 2023,

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Prudential Closes Pulse Wealth in Hong Kong, Refocusing on High-Net-Worth Sector

Prudential has officially closed its Hong Kong wealth management business, Pulse Wealth, according to a statement released to Reuters. This

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Harvest CEO Plans to Bridge Crypto ETFs to Mainland China via Stock Connect

During the recent Bitcoin Asia conference at the Kai Tak Cruise Terminal, Han Tongli, CEO and Chief Investment Officer of

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How Core Modernisation Is Paving the Way for Invisible Banking

In an era dominated by digital innovation, the banking sector is evolving rapidly to meet the modern consumer’s demands for

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ZA Bank Financial Performance Shows Strong Growth, Reduced Losses Last Year

ZA Bank, a virtual bank in Hong Kong, has reported a substantial increase in its financial performance for the past

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Elon Musk Impersonated in Suspected Quantum AI Crypto Fraud

The Securities and Futures Commission (SFC) has issued a public warning about suspected fraud involving the entity known as “Quantum

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Why Hong Kong is Primed for a Crypto ETF Breakthrough

In the dynamic landscape of global finance, Hong Kong has emerged as a frontrunner in innovative exchange-traded funds (ETFs). As

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MixCare Health and Pacific Prime Collaborate on Digital Health Platform

MixCare Health, a Hong Kong-based digital health and wellness platform, has partnered with Pacific Prime, an international health insurance broker

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Mox Bank Revenue Triples in 2023 Driven by New Services and Customer Growth

Mox Bank announced that it has tripled its revenue in 2023, driven by an increase in its customer base, deposits,

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HKMA Initiates Project Ensemble Architecture Community to Boost Tokenisation Market

The Hong Kong Monetary Authority (HKMA) announced the creation of the Project Ensemble Architecture Community (the Community), a collaborative initiative

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