Futu Securities International (Hong Kong) Limited (Futu) opened its new office at Pacific Place in Admiralty. The new Futu Pacific Place office will operate as an integrated hub, bringing together the company’s fintech, securities trading, wealth management, institutional services, Web3, and global operations capabilities. It houses a Private Wealth Centre for high-net-worth and institutional clients to access professional advisory services and asset management solutions. Arthur Chen, the Chief Financial Officer at Futu Holdings, shared, “Our new Pacific Place office represents far more than a physical expansion — it is a testament to our confidence in Hong Kong’s future and our…

Reap has announced the launch of Reap Sentry, a managed card fraud and risk service. Through the service, Reap manages a client’s end-to-end transaction risk management, including investigating alerts and processing chargebacks. Reap Sentry is said to combine the fraud policy, tooling, and day-to-day operations necessary to manage transaction risk. The controls are informed by fraud patterns observed across Reap’s entire issuing portfolio. The service also processes and represents chargebacks submitted by clients, reports confirmed fraud, and provides program performance reporting on an agreed cadence. Harris Leow, Head of Product at Reap, shared, “Most companies launching a card program have…

A former China Construction Bank (Asia) customer relationship manager has been sentenced to jail for four years for accepting bribes in crypto form. He was also ordered to make restitution of about HK3.7 million for accepting over US$ 470,000 via cryptocurrency bribes to ‘falsely authenticate fabricated letters of credit worth over $1.6 billion’, The Standard reported. Lam Chun-yin, 32, had previously pleaded guilty to one count of conspiracy for an agent to accept advantages at the District Court. He is said to have conspired with a department head from Vesttoo Limited, an overseas fintech firm. Judge Ernest Lin Kam-hung delivered…

Huawei recently hosted the Global Finance Summit during HUAWEI CONNECT 2026, where it launched the Huawei Fintelligent AI Solution globally. Built on the open-source agent platform openJiuwen and open compute infrastructure, the solution addresses challenges in large-scale AI deployment in the global financial industry. These include sustainability, scalability, and security. Jason Cao, the CEO of Huawei Digital Finance BU, shared, “Every financial institution should own its AI and keep the choice and evolution of AI in its own hands.  Through open architecture, platforms, and compute, Huawei will work with customers and partners to bring AI at scale into core business…

Mox Bank Limited (Mox) announced the appointment of Philip Yin Pui Wong as its Chief Commercial Officer today. In his role, Philip will oversee the product P&L, brand, marketing, business analytics, and customer experience, driving Mox’s next phase of growth as a digital wealth bank. He brings 20+ years of experience across wealth management, insurance, retail banking, securities, and investment banking. Philip was previously the Managing Director of Standard Chartered, where he spearheaded customer experience in China and wealth AI advisory management globally. Barbaros Uygun, the CEO of Mox, shared, “Philip’s extensive wealth management expertise aligns perfectly with our ambition…

AsiaPay, a payment digitalisation service and technology provider, announced the launch of its All-in-One Card Tokenisation Solution service. The AsiaPay All-in-One Card Tokenisation Solution is designed to simplify, secure and standardise digital card payments across the Asia-Pacific region over 7 international card brands: Visa, Mastercard, American Express, UnionPay, JCB, Discover, and Diners Club. The service replaces sensitive card details with unique, encrypted tokens and works across multiple channels, including e-commerce, mobile apps, and recurring payments. It also offers a single, standardised API that works across various payment methods and geographies. The All-in-One Card Tokenisation is acquirer-independent, which means that it can…

Hong Kong’s First Five-Year Plan, announced by Chief Executive John Lee, sets out an agenda that runs from 2026 to 2030. The Hong Kong First Five-Year Plan also includes seven financial services commitments to enhance the region’s status as an international financial centre. The plan presents Hong Kong’s open markets as the draw for global capital, talent and financial firms. It sets the direction across cross-boundary wealth management, international risk management, and commodity trading, aside from plans to strengthen the region’s role as a global offshore Renminbi (RMB) business hub, with some initiatives indicated below. The implementation of the Five-Year…

HashKey Holdings Limited announced that its licensed trading platform, HashKey Exchange, has officially launched deposit and withdrawal functions for HKDAP, Hong Kong’s HKD-regulated stablecoin. It is one of the first licensed virtual asset trading platforms to support HKDAP deposits and withdrawals. Eligible professional investors will now be able to deposit HKDAP assets into their HashKey Exchange accounts through verified whitelisted wallet addresses, and also withdraw HKDAP from their HashKey Exchange accounts to verified external whitelisted wallet addresses. The Hong Kong stablecoin deposits and withdrawals are supported through the Ethereum (ERC-20) network. Anchorpoint also confirmed the development in a LinkedIn post,…

Anchorpoint Financial Limited (Anchorpoint) has announced the launch of the Tokenised Money Adoption Programme (TAP), an industry-wide initiative dedicated to the education, research, and dialogue on tokenised money in Hong Kong. PWC Hong Kong joined the Anchorpoint Tokenised Money Adoption Programme as a strategic partner through a Memorandum of Understanding, signed by both parties. Following HKDAP’s beta access, which is Anchorpoint’s regulated HKD-backed stablecoin, the company sees a need for industry discussion on the use, operation, and application of tokenised money. The Anchorpoint Tokenised Money Adoption Programme will bring stakeholders from financial services, payments, digital assets, technology and the corporate…

DBS Hong Kong has released a survey on the city’s business outlook. SMEs are adopting AI and digital tools at nearly half the rate of large and mid-sized firms, the findings show. Some 62% of large and mid-sized companies reported full or partial integration of AI and digital technologies, compared with 38% of SMEs. Skills shortages and data security concerns topped the list of barriers to further adoption, each cited by 37% of respondents. Even so, most respondents remain upbeat about the city’s economic prospects. Of those surveyed, 63% feel positive or very positive about the outlook for local businesses…

Finloop has secured more than US$10 million in Series A+ funding from strategic investors including HSBC and People’s Capital. The Hong Kong-based wealthtech platform announced the financing alongside the launch of Finterprise, a corporate wealth management service designed for Hong Kong-registered SMEs. Finterprise integrates cash management, corporate portfolio allocation and corporate banking account management into a single platform. It supports multiple currencies, including the US dollar, Hong Kong dollar, euro and offshore renminbi. The platform also offers access to funds, notes and bonds, with fund subscriptions starting from HKD 1. Subscriptions and redemptions can be processed as fast as T+0,…

Payment Asia Group announced that it successfully implemented a B2B settlement use case with OSL Group and Anchorpoint Financial, featuring the regulated Hong Kong Dollar-backed stablecoin HKDAP for the logistics and hospitality businesses. The collaboration is said to have illustrated the full lifecycle, from fiat funding, token minting, and business-to-business payment through same-day reconciliation, redemption, and burn. Anchorpoint provided HKDAP issuance and redemption, OSL provided the digital asset infrastructure for distribution and settlement, and Payment Asia connected verified commercial services, payment instructions, and controls. Paul Tang, the Chief Operating Officer of Payment Asia, said, “Payment Asia’s role is to connect…

XTransfer, a global B2B cross-border trade payment platform, signed strategic cooperation agreements with China ZheShang Bank (CZ Bank) and Industrial Bank Co., Ltd. (CIB) during the 26th China International Fair for Investment and Trade. The XTransfer bank partnerships aim to focus on cross-border finance scenarios, which include minor-currency collection in emerging markets and RMB conversion and withdrawal. XTransfer and CZ Bank announced an all-currency settlement solution, enabled by the X-Net global local-collection network. The service will focus on Africa, the Middle East and Latin America. XTransfer and CIB aim to deepen collaboration in cross-border clearing and minor-currency collection, improving the…

Qupital has secured US$300 million in combined financing to support its overseas expansion and further develop its AI risk engine. The total comprises a Series C round led by Asia-based asset manager M Capital and asset-backed financing commitments from Mitsubishi UFJ Financial Group (MUFG) and Quester Capital. The Hong Kong fintech provides trade financing to cross-border e-commerce businesses. It uses sales and operational data from platforms such as Amazon, TikTok Shop, Tmall and JD.com to assess borrowers and automate credit decisions. Qupital said it has processed more than US$9.5 billion in loans and served tens of thousands of businesses to…

The Hong Kong police have received more than 700 reports of unauthorised credit card transactions linked to Apple’s iPhone 18 Pro preorders. The charges total HK$14.7 million and were made over the weekend on cards issued by several different banks, according to the South China Morning Post. Preorders for the iPhone 18 Pro and iPhone 18 Pro Max opened at 8 pm on Saturday. Police shared on Sunday that they were treating the cases as obtaining property by deception, with one of the reported losses amounting to HK$114,000 on its own. Apple said it is reviewing all current orders before…

KUN Group has received approval-in-principle from Hong Kong’s Securities and Futures Commission for three regulated activities. The approval covers Type 1, Type 4 and Type 9, spanning securities dealing, advisory work and asset management. Type 1 and Type 4 extend to virtual asset-related activities and services for retail clients. Type 9 covers general asset management. This is KUN Group’s first application for these regulated activities. The SFC approved all three in a single review. The SFC assessed KUN Group against its fit-and-proper, competence and internal-control requirements before granting the approval. In Hong Kong, KUN Group also holds a Money Service…

SUNMI Technology announced separate agreements with Turkey-based fintech company TOKEN and Mongolia-based digital bank M bank at the 11th Belt and Road Summit in Hong Kong. The SUNMI Eurasia partnerships will bring together SUNMI’s commercial IoT and digital commerce capabilities with its partners’ local expertise. In Mongolia, SUNMI and M bank will combine commercial devices, digital technology and digital financial services to explore new digital solutions for SME businesses. Meanwhile, in Turkey, SUNMI and TOKEN will explore digital commerce solutions for banks and offline merchants. This will involve merging SUNMI’s commercial IoT capabilities with TOKEN’s payment technology and local market…

Ripple has announced an expansion of GSmart, the treasury-native AI capabilities which are built into Ripple Treasury. GSmart embeds AI directly into the policies, data, and workflows treasury teams use daily. With the Ripple GSmart expansion, new policy-governed capabilities have been added across forecasting, risk, reconciliation and reporting. Renaat Ver Eecke, the SVP of Ripple Treasury, shared, “Rather than asking customers to blindly trust an AI system, GSmart works within each organisation’s own treasury policies to surface recommendations transparently, while ensuring humans remain in control of every decision. This isn’t simply AI-native treasury, but rather treasury-native AI.” The launch consists…

Pam Kaur, HSBC’s Group Chief Financial Officer, plans to leave the role in 2027. She will not stand for re-election as a director at the 2027 annual general meeting. Her exact retirement date will be confirmed later. It will be no later than the AGM. After leaving her full-time role, Kaur will take on an advisory role. She will support Group CEO Georges Elhedery on strategic projects. This will run until the end of 2028. The board has started a search for her successor. It will look at candidates from inside and outside the bank. “I am grateful for her…

The Hong Kong Monetary Authority (HKMA), Hong Kong Exchanges and Clearing Limited (HKEX), the Dubai Financial Services Authority (DFSA), and Nasdaq Dubai jointly announced the establishment of a Strategic Working Group. The Strategic Working Group aims to strengthen the ties between the financial markets of Hong Kong and the Dubai International Financial Centre (DIFC). The Strategic Working Group brings together exchanges and regulators in Hong Kong and DIFC to explore opportunities and develop collaborative initiatives, including sustainable finance, Islamic finance, as well as broader capital markets development. The announcement was made during the HKMA-DFSA Joint Climate Finance Conference in Hong…