Fintech News Hong Kong

HKMA Eddie Yue Discusses Hong Kong’s Role in Shaping the Future of CBDCs

Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), shared his thoughts on the future of money and

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Global Efforts Curb Crypto Hacks and Fraud, But Challenges Remain in Hong Kong

In 2023, the cryptocurrency ecosystem saw a significant decline in illicit activity, according to data from TRM Labs.  Despite the

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Tencent Rolls Out Weixin Pay Enhancements for International Visitors in China

Tencent has announced comprehensive enhancements to its payment platform, Weixin Pay, aimed at improving the experience for visitors to mainland

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How PayMe by HSBC is Shaping Digital Payment Usage in Hong Kong

The rise of digital payment solutions has significantly transformed Hong Kong’s financial landscape, with consumers increasingly adopting mobile wallets and

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Hong Kong Set to Launch Asia’s First Spot Bitcoin Exchange-Traded Funds

The Securities and Futures Commission (SFC) of Hong Kong is anticipated to announce the approval of the city’s first spot

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Hong Kong Unveils Enhanced Anti-Scam Charter 2.0 to Combat Digital Fraud

The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have launched the Anti-Scam Consumer Protection

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In Asia, E-Wallets Are Fast Becoming The Preferred Payment Method for The People

E-wallets remained popular among consumers in Asia-Pacific (APAC), maintaining their position as the preferred payment method for online shopping and

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HashKey Group Sets Sights on Surpassing Coinbase with Launch of HashKey Global

HashKey Group, an operator in Hong Kong’s licensed cryptocurrency exchange market, has expanded its offerings with the initiation of HashKey

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Ant Group Rolls Out International Zones with Global E-Wallets and Card Partners

Ant Group, in collaboration with 11 overseas payment partners of Alipay+ and major international card organisations, launched a programme in

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Citibank Appoints Janus Wu as Head of International Personal Bank in Hong Kong

Citibank announced that Janus Wu has been immediately appointed as the Head of International Personal Bank (IPB) for Hong Kong.

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ZA Bank Launches Banking Services for Stablecoin Issuers

ZA Bank has announced the launch of its dedicated banking services for stablecoin issuers, a significant advancement in its commitment

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What Does the Future Hold for SME Lending in Hong Kong?

The vibrant economy of Hong Kong is significantly bolstered by small and medium-sized enterprises (SMEs), which constitute nearly 99 percent

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Singapore’s DigiFT Expands Operations to Hong Kong, With Kevin Loo as CEO

DigiFT, an exchange for on-chain real-world assets (RWA) licensed by the Monetary Authority of Singapore (MAS), is extending its operations

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OneDegree Launches Cyber Insurance for Industries Beyond Web3

OneDegree has expanded its digital asset insurance portfolio by unveiling OneInfinity Cyber Insurance, aimed at a broad spectrum of industries

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Adyen and PayMe by HSBC Team Up to Expand Hong Kong Payment Options

Adyen, a financial technology platform for enterprise businesses, has announced a significant partnership with PayMe by HSBC. This partnership marks

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HKbitEX Receives Regulatory Approval-in-Principle for Virtual Asset Trading

HKbitEX, affiliated with Tykhe Capital Group Limited, has announced that it received preliminary approval from the Hong Kong Securities and

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HashKey Exchange Partners with Victory Securities to Enhance Crypto Services

HashKey Exchange, a licensed crypto exchange in Hong Kong, has partnered with Victory Securities, a corporation licensed by the Hong

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HSBC Gold Token to Democratise Gold Investment for Retail Customers in Hong Kong

HSBC has unveiled the HSBC Gold Token for its retail customers in Hong Kong. This development introduces tokenised gold to

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How Has FPS Hong Kong Transformed the Payment Experience?

The introduction of the Faster Payment System (FPS) in Hong Kong has significantly transformed the landscape of financial transactions within

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e-HKD: How Hong Kong’s Digital Currency Might Change How We Think About Money

In the ever-changing world of finance, we’re standing at the brink of a transformation that’s as profound as it is

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Two Million Japanese Merchants Now Accept Global E-Wallets via Alipay+

Ant International announces that it is integrating its Alipay+ service with two million merchants in Japan, aiming to address the

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Hang Seng Bank Unveils HK$33 Billion Fund to Support Hong Kong SMEs

Hang Seng Bank announced the HK$33 billion SME Power Up Fund to bolster the growth, cross-border development, and sustainable advancement

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The Bank of East Asia Leverages CDI for Efficient SME Credit Evaluations

The Bank of East Asia (BEA) has announced a collaboration with PingAn OneConnect Credit Reference Services Agency (HK) Limited (PAOCCRA)

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Is Hong Kong’s Financial Hub Status at Risk?

Globally, Hong Kong has made its mark as a financial hub alongside Singapore and Dubai. These city-states, while rivals in

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Project Aurum Phase Two Focuses on Privacy for Retail CBDCs

The BIS Innovation Hub Hong Kong Centre, in collaboration with the Hong Kong Monetary Authority (HKMA), has initiated the second

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Cyberport Welcomes New Directors, Retains Key Leaders for 2024-2026

Hong Kong Cyberport has announced the Hong Kong Special Administrative Region (HKSAR) Government’s appointment of three new Directors and re-appoint six

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Redefining Resilience for Banks in the Digital Era With the Four Zeros

The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and changing customer expectations

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GSBN Partners Ant to Digitise Shipping Processes in Hong Kong’s wCBDC Project

The Global Shipping Business Network (GSBN), in partnership with Ant Group, has developed a prototype electronic bill of lading (eBL)

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HKMA Alerts Public to Fraudulent Claims Regarding e-HKD Pilot Programme

The Hong Kong Monetary Authority (HKMA) advises the public to exercise caution following reports of entities falsely claiming involvement in

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The World’s Largest Pension Fund from Japan Eyes Bitcoin Diversification

The Government Pension Investment Fund (GPIF) of Japan, holding the title of the world’s largest pension fund with assets amounting

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