Posts From Fintech News Hong Kong
The Bank of East Asia Leverages CDI for Efficient SME Credit Evaluations
The Bank of East Asia (BEA) has announced a collaboration with PingAn OneConnect Credit Reference Services Agency (HK) Limited (PAOCCRA) to enhance the credit evaluation process for SMEs in the trade sector. This initiative leverages the Commercial Data Interchange (CDI)
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Project Aurum Phase Two Focuses on Privacy for Retail CBDCs
The BIS Innovation Hub Hong Kong Centre, in collaboration with the Hong Kong Monetary Authority (HKMA), has initiated the second phase of Project Aurum. This phase aims to explore and enhance privacy measures for retail central bank digital currencies (CBDCs).
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Cyberport Welcomes New Directors, Retains Key Leaders for 2024-2026
Hong Kong Cyberport has announced the Hong Kong Special Administrative Region (HKSAR) Government’s appointment of three new Directors and re-appoint six existing Directors to its Board from 1 April 2024 to 31 March 2026. The Board welcomes new Directors Nicholas Chan,
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Redefining Resilience for Banks in the Digital Era With the Four Zeros
The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and changing customer expectations in a dynamic digital landscape. This transformation is not without its challenges, as banks grapple with the critical task of
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GSBN Partners Ant to Digitise Shipping Processes in Hong Kong’s wCBDC Project
The Global Shipping Business Network (GSBN), in partnership with Ant Group, has developed a prototype electronic bill of lading (eBL) to digitise the longstanding paper-based processes in the shipping industry. According to GSBN CEO Bertrand Chen, this advancement is part
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HKMA Alerts Public to Fraudulent Claims Regarding e-HKD Pilot Programme
The Hong Kong Monetary Authority (HKMA) advises the public to exercise caution following reports of entities falsely claiming involvement in the e-HKD Pilot Programme. These entities have promoted e-HKD-related investment opportunities to attract investors under pretenses. The HKMA will officially
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The World’s Largest Pension Fund from Japan Eyes Bitcoin Diversification
The Government Pension Investment Fund (GPIF) of Japan, holding the title of the world’s largest pension fund with assets amounting to US$1.5 trillion (227 trillion yen), is broadening its investment strategy to potentially include Bitcoin. This strategic exploration was highlighted
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Ant Group Appoints Han Xinyi as President in Major Organisational Overhaul
Ant Group, a leader in financial technology based in China, is undergoing significant organisational restructuring, which includes the appointment of Han Xinyi as the new President of the company. This information comes from an internal email sent by the group’s
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SFC Issues Warning on KKR Global Sites Accused of Impersonation Scam
The Securities and Futures Commission (SFC) has warned regarding several suspicious websites falsely representing themselves as “KKR Global.” These sites are accused of impersonating the licensed entity, KKR Capital Markets Asia Limited, and engaging in suspected fraud related to virtual
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HKSTP and HSBC Partner to Strengthen Hong Kong’s Fintech Ecosystem
The Hong Kong Science and Technology Parks Corporation (HKSTP) and HSBC have announced a strategic partnership aimed at fostering innovation and enhancing bank-fintech collaboration. The three-year agreement, marked as the city’s inaugural public-private initiative in this domain, aims to strengthen
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