Posts From Fintech News Hong Kong
Demand for Digital Asset Custody On Rise from Asia’s Institutional Investors
In Hong Kong, the digital asset sector continues to experience rapid development and innovation, driven by the government’s supportive stance in fostering the growth of the sector. This has opened up new opportunities for institutional investors that extend beyond he
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Unveiling the Secrets of CD Rates: How to Secure Higher Returns on Your Investment
Saving for the future is critically important, especially during economic uncertainty. One proven method to build long-term financial security is investing in Certificates of Deposit (CDs). CDs can be an invaluable asset in your portfolio with their low-risk and high
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Dynamic Data Streamlines Customer Experience, Fights Fraud in Digital Banking
As the digital economy continues to surge and expand, consumer expectations for fast, secure access to products and services seem never-ending. Furthermore, when it comes to financial services, there is an entire generation of consumers cropping up who have barely
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SMBC, Global Brain Raise US$210 Million Fund to Create Japanese Unicorns
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) along with its investment arm SMBC Venture Capital Management (SMBC VCM) and venture capital firm Global Brain has jointly set up a fund worth JPY 30 billion (US4210 million). The “SMBC-GB Growth Fund” aims
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China Imposes Nearly US$1.5 Billion in Fines on Tencent, Ant Group
China has imposed hefty fines on tech giants Tencent and Alibaba’s fintech arm Ant Group for multiple violations, signaling a close to the regulatory crackdown on the sector. Ant Group and its subsidiaries were slapped with a 7.123 billion yuan
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OneDegree Secures Its First Venture Debt Financing From HSBC
Hong Kong’s digital insurer OneDegree Group announced that it has closed its first venture debt financing transaction with HSBC. Details of the financing was not disclosed. With this venture debt, OneDegree will be able to bolster its capability to accelerate
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The Impact of Politics and Current Events on Investing
In light of the chaotic state of modern politics and current events, it’s easy to understand why many investors feel uncertain about their investments. With news cycles often dominated by headlines filled with economic turmoil caused by global tension, wars
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Mox Bank Appoints Home-Grown Talent Edwin Hui as COO
Hong Kong’s virtual bank Mox announced that it has promoted Edwin Hui as its Chief Operating Officer (COO), effective 1 July 2023. Mox said that he is the first home-grown senior executive to make it on to the C-level team.
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HKMA Steps Up Pressure for Banks to Accept Crypto Companies as Clients
Hong Kong’s financial regulators will be holding a second meeting with stakeholders from the banking and cryptocurrency industries to address the challenges crypto companies face in accessing banking services in the city, people familiar with the matter told Bloomberg on
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Hong Kong Sets up Web 3.0 Task Force Led by Financial Secretary Paul Chan
The Hong Kong government has established a task force chaired by Financial Secretary Paul Chan to promote the development of Web3.0. According to a 30 June statement, the Hong Kong government is looking to “embrace the megatrend of Web 3.0
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