Posts From Fintech News Hong Kong

Harvest CEO Plans to Bridge Crypto ETFs to Mainland China via Stock Connect

During the recent Bitcoin Asia conference at the Kai Tak Cruise Terminal, Han Tongli, CEO and Chief Investment Officer of Harvest Global Investments, discussed potential future developments for cryptocurrency investments in China. Harvest CEO Han Tongli mentioned that the company

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How Core Modernisation Is Paving the Way for Invisible Banking

In an era dominated by digital innovation, the banking sector is evolving rapidly to meet the modern consumer’s demands for seamless and integrated financial services. This movement towards “invisible banking” marks a departure from traditional banking practices, offering a glimpse

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ZA Bank Financial Performance Shows Strong Growth, Reduced Losses Last Year

ZA Bank, a virtual bank in Hong Kong, has reported a substantial increase in its financial performance for the past year, marking a positive shift towards operational stability. The bank’s net interest income rose by 36 percent year-on-year while its

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Elon Musk Impersonated in Suspected Quantum AI Crypto Fraud

The Securities and Futures Commission (SFC) has issued a public warning about suspected fraud involving the entity known as “Quantum AI,” which claims to offer cryptocurrency trading services enhanced by artificial intelligence (AI) technology. The SFC has raised concerns that

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MixCare Health and Pacific Prime Collaborate on Digital Health Platform

MixCare Health, a Hong Kong-based digital health and wellness platform, has partnered with Pacific Prime, an international health insurance broker and employee benefits specialist. The collaboration enables Pacific Prime’s 15,000 Hong Kong employee benefit customers to access MixCare’s AI-powered digital

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Mox Bank Revenue Triples in 2023 Driven by New Services and Customer Growth

Mox Bank announced that it has tripled its revenue in 2023, driven by an increase in its customer base, deposits, and loan portfolio. The growth was influenced by new services such as “Best In Town Unlimited CashBack,” “Upfront Interest in

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HKMA Initiates Project Ensemble Architecture Community to Boost Tokenisation Market

The Hong Kong Monetary Authority (HKMA) announced the creation of the Project Ensemble Architecture Community (the Community), a collaborative initiative to shape standards and provide suggestions to support the development of Hong Kong’s tokenisation market. The Community aims to develop

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Hong Kong and Shenzhen Launch Pilot Cross-Boundary Data Validation Platform

The Hong Kong Monetary Authority (HKMA) and Shenzhen authorities have initiated the pilot launch of the Shenzhen-Hong Kong cross-boundary data validation platform.  This platform employs blockchain technology and data coding, such as hash values, to verify documents without the need for transferring

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Ant Group Advances Global Expansion with Alipay+

Ant Group, a Chinese tech giant Alibaba affiliate, announced the expansion of its cross-border payments solution, Alipay+, into new global markets, including Europe, the Middle East, and Latin America. Introduced in 2020, Alipay+ facilitates international transactions by allowing users to

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HKMA to Rename ‘Virtual Bank’ to ‘Licensed Digital Bank’

The Hong Kong Monetary Authority (HKMA) is set to replace the term “virtual bank” with “licensed digital bank” for the eight branchless lenders operating in the city to boost public confidence and eliminate negative connotations associated with the term. This

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