Posts From Fintech News Hong Kong
HashKey Exchange Initiates First Physical Subscriptions for Bitcoin and Ethereum ETFs
HashKey Exchange, Hong Kong’s licensed virtual asset exchange, has announced the successful facilitation of the first physical subscriptions for the Bosera HashKey Bitcoin Spot ETF and the Bosera HashKey Ethereum Spot ETF. This development introduces new investment opportunities in Hong
Read MoreSFC Warns Against ‘CBEX Group’ and ‘Bitget Pro’ for Crypto Fraud
The Securities and Futures Commission (SFC) has issued a public alert concerning fraudulent activities by two virtual asset service providers, “CBEX Group” and “Bitget Pro”. The SFC’s warning follows reports from investors about difficulties in withdrawing assets and unauthorised withdrawals,
Read MoreMaiCapital Partners with Malaysia’s MyEG for New SFC-Approved Virtual Asset ETF
Malaysian e-government services provider MyEG Services Bhd has partnered with MaiCapital, a virtual asset manager licensed in Hong Kong, to develop an exchange-traded fund (ETF) approved by the Securities and Futures Commission of Hong Kong (SFC). The ETF will feature various
Read MoreHong Kong Monetary Authority Enhances Support for SMEs with New Initiatives
In response to the evolving economic landscape and recent changes in consumer and tourist spending patterns, the Hong Kong Monetary Authority (HKMA) has introduced a series of new measures to further bolster its support for small and medium-sized enterprises (SMEs).
Read MoreHong Kong Consumers Prioritise Credit Monitoring, TransUnion Study Finds
A recent study by TransUnion has highlighted a substantial increase in credit monitoring services among consumers in Hong Kong. Enrollments surging by over 194 percent in the three months leading up to September 2023 compared to the same period in
Read MoreThe Bank of Singapore Names Rickie Chan as CEO for Hong Kong Branch
The Bank of Singapore, the private banking arm of OCBC, has appointed Rickie Chan as the new Chief Executive Officer of its Hong Kong branch. The announcement was made earlier today, confirming Rickie’s additional responsibilities alongside his current Head of
Read MoreHong Kong Financial Security Efforts Strengthened Under HKMA’s Reforms
In her concluding address at the ACAMS conference in Hong Kong, Carmen Chu, the outgoing Executive Director (Enforcement and AML) at the Hong Kong Monetary Authority (HKMA) provided an overview of the advancements made over the past seven years, highlighting
Read MoreHang Seng Bank Introduces PayDay+ for Payroll Account Customers
Hang Seng Bank has introduced PayDay+, a new service for customers who transfer their payroll accounts to the bank. This service offers a Hong Kong Dollar savings rate of up to 6 percent per annum. This initiative responds to customer
Read MoreHong Kong Fintech KPay Opens Singapore Office, Targets Tripled Merchant Network
KPay, a fintech and payments company based in Hong Kong, has expanded its operations to Singapore by establishing a headquarters there. The company currently partners with over 30,000 merchants across Asia, including 3,000 in Singapore. To support this growth, the
Read MoreHong Kong to Launch Credit Data Smart to Enhance Credit Services
Credit Data Smart is scheduled to launch on 26 April, marking a significant step in the “Fintech 2025” strategy aimed at enhancing Hong Kong’s data infrastructure for financial technology. The launch is in collaboration with the Hong Kong Association of
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