Posts From Fintech News Hong Kong

Hang Seng Bank Investigates Significance of Programmability in e-HKD CBDC Adoption

Programmability is a crucial feature for future payment innovation, an attribute which should be integrated into the e-HKD scheme should the central bank digital currency (CBDC) be issued, a new report by Hang Seng Bank and global management consulting firm

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iFAST Introduces TreasuryNow to Broaden Access to US Treasuries in Hong Kong

Fintech solutions provider iFAST Corporation has introduced TreasuryNow, a service aimed at improving the US Treasuries trading experience for investors in Hong Kong. Building on the success of their 2016 platform Bond Express, this platform is said to provide investors

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Blockchain Platform Neo Establishes Hong Kong Office

Neo, the open-source, community-driven blockchain platform, has officially opened its new Hong Kong office. The office is in Cyberport, Hong Kong’s digital tech and Web3 hub. By establishing a presence in Hong Kong, Neo aims to expand its reach in

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Floki Defends Staking Program Amid SFC’s Warning

Floki, a cryptocurrency project, acknowledged that its staking program was labelled as potentially suspicious by Hong Kong’s Securities and Futures Commission (SFC) on 26 January. Floki regretted this classification and noted its ongoing efforts since December 2023 to address regulatory

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Hong Kong to Engage Industry Players in Stablecoin Regulation Study

Hong Kong is reportedly making significant strides towards comprehensive stablecoin regulation, with plans to implement rules within the current quarter. Bloomberg and other sources suggest that key financial entities, including Harvest Global Investments Ltd., RD Technologies, and Venture Smart Financial

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Floki Staking and TokenFi Staking Added to SFC’s Alert List Over Risk Concerns

The Securities and Futures Commission (SFC) issued a public warning about two cryptocurrency investment schemes, named “Floki Staking Program” and “TokenFi Staking Program.” These programs claim to offer annualised returns ranging from 30 percent to over 100 percent. The SFC

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Tiger Brokers (HK) Integrates Crypto Trading, Eyeing Retail Market Expansion

Tiger Brokers (HK) Global Limited announced the upgrade of its Type 1 licence to include virtual asset dealing services. This development reportedly positions Tiger Brokers (HK) amongst the first mainstream online brokerages in Hong Kong to integrate such services. The

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Cyberport Taps Dr Rocky Cheng as CEO, Eyes Tech Growth in Hong Kong

Hong Kong Cyberport has appointed Dr Rocky Cheng as the new Chief Executive Officer, effective 3 April 2024. Dr Rocky will take the helm following the completion of Peter Yan’s six-year term. With over 30 years of experience in the

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Hong Kong and China to Expand Cross-Boundary Digital Yuan Pilots

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) unveiled six policy measures to bolster financial cooperation between Hong Kong and Mainland China. Among these, two fintech-related initiatives stand out: the enhancement of cross-boundary credit referencing

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Qupital Secures Series B2 Financing for E-commerce Loans Portfolio

Qupital, an Asian data-driven financing platform for SMEs, has secured its Series B2 financing round The funding, contributed by investors from Hong Kong and Southeast Asia, is intended to expand its securitisation facility with Citi, supporting its e-commerce loan portfolio.

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