Posts From Fintech News Hong Kong
ZA Bank Gains Regulatory Nod to Offer U.S. Stock Trading in Hong Kong
Hong Kong’s ZA Bank has received regulatory clearance from the Securities and Futures Commission (SFC) to expand its services. This approval amends the bank’s existing license, allowing it to move beyond dealing in collective investment schemes. ZA Bank is set
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Hong Kong and Abu Dhabi Regulators Strengthen Fintech Ties
The Hong Kong Monetary Authority (HKMA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) have singed a MoU to step up their fintech cooperation. This agreement aims to enhance the ongoing partnership, focusing on cross-border
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LOTTE HIMART and bolttech Introduce Home Appliance Switch Service in South Korea
South Korean electronics retailer LOTTE HIMART has partnered with international insurtech company bolttech to introduce a home appliance switching service. The new service is available for an annual subscription fee starting at US$30, with the option of an extended three-year
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OKX Hong Kong Applies for Crypto Trading License with SFC Amid Industry Scrutiny
Cryptocurrency exchange OKX Hong Kong Limited has submitted an application for a virtual asset trading platform (VATP) license with the Securities and Futures Commission (SFC) of Hong Kong. The SFC had previously announced that it will publish the names of
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Dubai and Shanghai Exchanges to Share Expertise in Financial Collaboration
The Dubai Financial Market (DFM), Nasdaq Dubai, and the Shanghai Stock Exchange (SSE) have recently signed a Memorandum of Understanding (MoU) to enhance cooperation between the financial markets of Dubai and China. Announced on 20 November 2023, this agreement represents
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Bank Saqu Launches in Indonesia as WeLab’s Second Digital Bank in Asia
Hong Kong’s WeLab, in collaboration with Astra Financial, has launched Bank Saqu in Indonesia, marking its second digital banking venture in Asia. This new digital banking platform, operated by PT Bank Jasa Jakarta (BJJ), a joint venture between the two
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Mastercard’s Joint Venture Secures Bank Card Clearing License in China
Mastercard NUCC, a joint venture between Mastercard and NetsUnion Clearing Corporation, has been issued a bank card clearing license by the People’s Bank of China (PBOC). This development follows a thorough review process in line with the State Council’s decision
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HKMA Supports “Credit Data Smart” Pilot to Enhance Credit Reporting Services
The Hong Kong Monetary Authority (HKMA) has expressed its support for the newly launched pilot programme, “Credit Data Smart”. This initiative, announced by key banking and financial industry associations on 17 November, is part of the broader “Fintech 2025” strategy
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CBDC: Hong Kong Furthers Digital HKD Ambitions
Hong Kong is working towards further integrating the digital yuan (e-CNY), unveiling last week a number of new initiatives designed to increase support of the central bank digital currency (CBDC) in the city. At the same time, the government is
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BGX to Acquire 30% Stake in OSL’s BC Group with HK$710 Million Investment
BC Technology Group, the parent company of digital asset platform OSL licensed by Hong Kong’s Securities and Futures Commission, has secured an investment of approximately HK$710 million from BGX. The deal, which hinges on the approval of BC Group’s shareholders,
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