Posts From Fintech News Hong Kong
Ping An Ranks First Among Chinese Finance Companies on Forbes’ List
Ping An Insurance Group ranked first among China’s financial companies and 5th among global insurance companies on the Forbes’ World’s Best Employers 2022. The group was 8th among all Chinese companies on the list and 211th in the world overall.
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Hong Kong Sets up Repository for Sustainable Finance Internships
The Green and Sustainable Finance Cross-Agency Steering Group has launched an internship for Hong Kong students as part of a collaborative effort to build capability for the industry. The steering group was established by the Hong Kong Monetary Authority (HKMA)
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Airwallex Extends Series E With Additional US$100 Million Funding
Cross border payments firm Airwallex announced that it recently closed its Series E2 financing round with the same US$5.5 billion valuation, bringing its total funds raised to more than US$900 million. The fintech had managed to extend its Series E
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Manulife Appoints New Chief Marketing and Experience Design Officer for Asia
Manulife announced the appointment of Harshal Shah as its new Chief Marketing and Experience Design Officer for Asia, effective 17 October 2022. He will also be a member of the company’s global leadership team. Harshal joins Manulife’s Asia Executive Division
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Taiwan’s Digital Banks Will Struggle to Turn a Profit, Says Consulting Firm
Despite showing potential to address market needs and foster innovation in the banking sector, Taiwan’s new digital banks still have a long road ahead to reach profitability amid a saturated retail banking market and limitations in the services they are
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YAS MicroInsurance Closes US$4.5 Million Pre-series A
YAS MicroInsurance, a blockchain based insurtech company, announced the completion of its US$4.5 million Pre-Series A funding round. led by Noria Capital, ZEMU VC and JKL Capital. Lead investor Noria Capital will also share its expertise in the Middle East
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livi Bank Rolls Out In-App Travel Insurance Offering
Hong Kong’s digital bank livi bank announced the launch of its travel insurance offering, first general insurance product, in time for the relaxation of the quarantine rules in the country. The ‘Travel Now’ plan covers medical expenses, trip cancellations and
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Hkma Announces Implementation Details of Pilot Scheme on Training Subsidy for Fintech Practitioners
The Hong Kong Monetary Authority (HKMA) announced the implementation details of the Pilot Scheme on Training Subsidy for Fintech Practitioners (the Scheme). In the 2022-23 Budget, the Financial Secretary announced plans to implement the Scheme this year, so that practitioners
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BIS: World’s First CBDC Pilot With Four Countries Is Completed
The Bank for International Settlements – BIS Innovation Hub Hong Kong Centre, Hong Kong Monetary Authority, Bank of Thailand, People’s Bank of China and the Central Bank of The UAE announce the successful completion of the first CBDC pilot involving
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Four Asian E-wallets Expand to South Korea Through Alipay+
Ant Group announced that Alipay+ will be integrated into Asian e-wallets AlipayHK, the Philippines’ GCash, Malaysia’s Touch ‘n Go, and Thailand’s TrueMoney in an effort to jointly promote cashless travel in South Korea as travel restrictions were lifted in the country.
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