Fintech News Hong Kong

FWD Continues Strategic Evaluation of IPO Plans, Led by Richard Li

Pacific Century Group, the holding entity behind FWD, a pan-Asian insurance group, announced its continued confidence in the leadership of

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Hong Kong to Host Its First Green FinTech Summit

In alignment with Hong Kong Green Week, set for 26 February to 2 March, Cyberport, in collaboration with Finoverse and

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Citi Names Joy Cheng as Head of Commercial Bank in Hong Kong

Citi announced today the appointment of Joy Cheng as Head of Citi Commercial Bank (CCB) for Hong Kong, effective 1st

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Hong Kong Targets Global Leadership in Green Technology and Finance

Hong Kong’s Financial Secretary, Paul Chan Mo-po, highlighted the city’s significant potential to become a critical international center for green

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Chan Kin-por and Peter Yan Join HKEX Board in Latest Government Appointments

The Government announced the appointment of Chan Kin-por and Peter Yan King-shun to the Board of Directors of the Hong

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UBS Issues Hong Kong’s First Investment-Grade Tokenised Warrant on Ethereum

UBS has launched Hong Kong’s first investment-grade tokenised warrant, leveraging the Ethereum public blockchain. This product is part of the

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Top Trends in Banking in 2024 According to HKMA

The banking landscape is expected to witness significant changes in 2024, influenced by technological advancements, regulatory initiatives and shifting consumer

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MUFG Bank Acquires 15.55% Stake in Robo-Advisor WealthNavi for US$104M

MUFG Bank, a subsidiary of Mitsubishi UFJ Financial Group, has acquired a 15.55% stake in robo-advisor WealthNavi for approximately 15.65

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S. Korea Tightens Grip on Crypto Firms as Renewal of Regulatory Approvals Loom

The Korea Financial Intelligence Unit (KoFIU) announced plans to ramp up the scrutiny of cryptocurrency exchanges operating within the country.

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HKMA Reviews Progress on Banking Sector’s Loss-Absorbing Capacity Requirements

The Hong Kong Monetary Authority (HKMA) has issued a report detailing the implementation of loss-absorbing capacity (LAC) requirements in Hong

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Hex Trust Expands Advisory Board with Two New Members

Hex Trust, an institutional-grade digital asset custodian with licenses in major global financial centers, has recently expanded its advisory board

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Hong Kong Launches HK$6B Tokenised Digital Green Bonds Offering

The Government of the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China has today announced the

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Octopus Cards Shifts Towards Digital Wallets on Smartphones

Octopus Cards Limited is facilitating a shift towards digital payments in Hong Kong, encouraging the transition from the traditional physical

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Cyberport and Huawei Cloud to Develop “Web3 Industry Cloud” Platform

Cyberport has signed a Memorandum of Understanding (MoU) with Huawei Cloud, marking a significant step towards enhancing Hong Kong’s digital

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Ant Group Faces 92% Profit Decline in Latest Quarterly Report

Ant Group, the financial technology entity founded by Jack Ma, has witnessed a significant downturn in its quarterly earnings, with

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MediConCen Raises US$6.85M in Series A Led by HSBC Asset Management

MediConCen Limited, an Insurtech company specialising in AI and blockchain-driven insurance claims automation, has announced the completion of its latest

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bolttech Insurance Debuts ‘Cancel for Any Reason’ Travel Coverage

bolttech Insurance, the Hong Kong arm of the international insurtech group, has announced the launch of MyTravel, a new travel

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What Are the Top Priorities for Hong Kong’s Banking Sector in 2024?

In 2023, Hong Kong’s banking sector remained resilient despite numerous challenges, thanks to the Hong Kong Monetary Authority (HKMA) oversight.

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RD Technologies, HashKey Exchange, Allinpay Exploring Stablecoin Integration

RD Technologies announced its intent to collaborate with the Hong Kong licensed virtual assets trading platform, HashKey Exchange, and financial

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ZA Bank Launches ‘Savings Pot’ with 4% Rate

ZA Bank has rolled out “Savings Pot,” a new feature aimed at helping users manage their savings separately from their

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Hong Kong Sets 29 February Licensing Deadline for VASPs

The Secretary for Financial Services and the Treasury, Christopher Hui, emphasised in a recent blog post the crucial deadline for

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Bybit Among 14 Firms Aiming for Crypto License in Hong Kong

Bybit has applied to the Hong Kong Securities and Futures Commission (SFC) to operate as a “virtual asset trading platform,”

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HKMA Appoints Archie Ng as New Executive Director of Corporate Services

The Hong Kong Monetary Authority (HKMA) officially appointed Archie Ng as the new Executive Director (Corporate Services), effective 14 February

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Mox Bank Revises Savings Base Rate for HKD and USD Deposits

Mox Bank announces an update to its savings base rate, now offering a rate of 1.5 percent per annum for

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Digital Custodian Hex Trust Broadens Scope with XRPL Integration

Hex Trust, an institutional-grade digital asset custodian, has announced its integration with the XRP Ledger (XRPL), a decentralised Layer 1

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Hang Seng Bank Investigates Significance of Programmability in e-HKD CBDC Adoption

Programmability is a crucial feature for future payment innovation, an attribute which should be integrated into the e-HKD scheme should

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iFAST Introduces TreasuryNow to Broaden Access to US Treasuries in Hong Kong

Fintech solutions provider iFAST Corporation has introduced TreasuryNow, a service aimed at improving the US Treasuries trading experience for investors

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Blockchain Platform Neo Establishes Hong Kong Office

Neo, the open-source, community-driven blockchain platform, has officially opened its new Hong Kong office. The office is in Cyberport, Hong

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Floki Defends Staking Program Amid SFC’s Warning

Floki, a cryptocurrency project, acknowledged that its staking program was labelled as potentially suspicious by Hong Kong’s Securities and Futures

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Hong Kong to Engage Industry Players in Stablecoin Regulation Study

Hong Kong is reportedly making significant strides towards comprehensive stablecoin regulation, with plans to implement rules within the current quarter.

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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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