Posts From Fintech News Hong Kong

Justin Sun’s HTX Withdraws Crypto License Application in Hong Kong

HTX, formerly Huobi Global, has officially withdrawn its application for a license to operate in the Hong Kong cryptocurrency market. The Securities and Futures Commission (SFC) confirmed that HBGL Hong Kong Limited, associated with HTX, retracted its application only three

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HKMA Highlights Urgent Need for Climate Finance in Asia Pacific

At the Hong Kong Green Week – Finance Stream, Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority (HKMA), underscored the crucial importance of mobilising climate finance to aid the Asia Pacific region in its transition towards a

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Hong Kong Banks Implements Anti-Malware Measures to Protect Customers

The Hong Kong Association of Banks (HKAB) announced that major retail banks in Hong Kong are stepping up their security measures to shield customers from evolving malware scams. Aligned with guidance from the Hong Kong Monetary Authority and the Hong

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FWD Group Expands Partnership with Microsoft for AI Innovation

Pan-Asian Life Insurance FWD Group and Microsoft have announced an extension of their partnership through a new four-year agreement. This collaboration aims to integrate Microsoft’s latest generative AI innovations into FWD Group’s cloud-first technology approach. Under this agreement, FWD Group

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Hong Kong’s Finance and Tech Salaries Surpass Singapore’s by Up to 46%

A recent Bloomberg Intelligence report reveals that Hong Kong finance and tech professionals enjoy higher salaries than their counterparts in Singapore. The report shows that investment banking analysts in Hong Kong earn 46 percent more, with average annual salaries reaching

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HKMA Sets Guidance for Digital Asset Custodial Services by Authorised Institutions

The Hong Kong Monetary Authority (HKMA) has issued new guidance for Authorised Institutions engaged in digital asset-related activities, mainly focusing on providing custodial services for digital assets. This initiative aims to ensure that digital assets held in custody are protected

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FWD Group’s IPO Awaits Ideal Timing, Richard Li to Retain Control

Pacific Century Group, the holding entity behind FWD, a pan-Asian insurance group, announced that Richard Li Tzar-kai, the company’s founder and chairman will retain a controlling stake. Richard expressed his confidence in the firm’s long-term growth prospects. This statement comes amidst

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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 the World Green Organisation, is set to co-host the first Green FinTech Summit. The summit will convene over 500 financial

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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 February 2024, succeeding the recently retired Anson Kwok. With over 30 years of experience at Citi, including her recent role

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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 technology and finance. In a recent blog post, Chan underscored the success of over 200 high-quality green tech enterprises from

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