Posts From Fintech News Hong Kong
UAE and Hong Kong Central Banks to Cooperate on Fintech, Virtual Asset Rules
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) is set to enhance collaboration between the financial services sectors of the two jurisdictions. The CBUAE and the HKMA agreed to strengthen cooperation in
Read MoreBowtie’s Total Insured Amount Exceeded HK$60 Billion in Four Years
Hong Kong’s virtual insurer Bowtie announced that its total insured amount exceeded HK$60 billion with over 90,000 customers since its launch four years ago. Meanwhile, Bowtie’s overall recurring revenue recorded over 100% growth to HK$170 million last year. The COVID-19
Read MoreAWS Backs HSUHK’s Efforts to Build Hong Kong’s Cloud Innovation School
Amazon Web Services (AWS) will support the Hang Seng University of Hong Kong (HSUHK) in its efforts to establish a Cloud Innovation School (CIS). Touted to be the first of its kind in Hong Kong, the CIS aims to foster
Read MoreZA Bank Plans to Offer Crypto Trading for Its Retail Investors
Hong Kong’s virtual bank ZA said that it plans to introduce virtual asset trading services for retail investors under the city’s new licensing regime announced yesterday. By partnering with Hong Kong-licensed virtual asset exchanges, ZA Bank aims to obtain the
Read MoreHong Kong Will Soon Accept Crypto Exchange License Applications
The Hong Kong Securities and Futures Commission (SFC) announced that it will soon allow licensed trading platform operators to serve retail investors following positive feedback from its consultation paper. On 1 June 2023, the SFC will begin enforcing the guidelines
Read MoreHKMA Picks 16 Firms for Retail CBDC Pilot Programme ‘e-HKD’
The Hong Kong Monetary Authority (HKMA) has commenced its e-HKD Pilot Programme with a total of 16 firms selected from the financial, payment and technology sectors whom will participate in the first phase this year. The firms include Alipay HK,
Read MoreHKEX Appoints Andrew Loong to Spearhead Its Digital Assets Ecosystem
The Hong Kong Exchanges and Clearing Limited (HKEX) announced that Andrew Loong has joined the group as Managing Director and Head of Digital Assets. In his new role, Loong will oversee the development of the digital assets ecosystem in HKEX’s
Read MoreAirwallex and Expedia to Offer Hotel Discounts for Business Travellers
Cross border payments firm Airwallex has partnered with online travel company Expedia Group to help customers save when booking hotel stays amidst the surge in both business and personal travel. Through this partnership, existing and new Airwallex customers will receive
Read MoreHSBC Appoints Brad Jones to Spearhead Its E-Wallet PayMe
HSBC announced the appointment of Brad Jones as the new Head of PayMe, its mobile wallet in Hong Kong with 3 million users and a network of nearly 55,000 online and physical merchants. In his new role, Jones will be
Read MoreFintech Reaches Mainstream Adoption in Hong Kong with 94% Penetration
In Hong Kong, fintech is reaching mainstream adoption among consumers. Digital payments are becoming the norm in people’s daily lives, virtual banking and wealthtech are gaining rapid traction, and virtual assets are emerging as a legitimate new asset class that
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