Posts From Fintech News Hong Kong
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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24 Fintech Startups Among Semi-Finalists in HKSTP’s Pitching Competition
The Hong Kong Science and Technology Parks Corporation (HKSTP) announced the selection of 74 leading startups to compete in the final round of the eighth annual Elevator Pitch Competition 2024 (EPiC 2024). Among these, 24 fintech startups from seven countries
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UnionPay China Invests CNY 3 Billion to Enhance Payment Accessibility
UnionPay, a Chinese state-owned financial services firm, has unveiled Project Excellence 2024 in a bid to optimise payment services across the country. The project comes in response to the State Council’s recent guidelines calling for improvements in the payment services
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Hong Kong’s SFC Flags Bybit and MEXC in Crackdown on Unlicensed Crypto Activities
The Securities and Futures Commission (SFC) of Hong Kong has issued warnings about two unlicensed virtual asset trading platforms, Bybit and MEXC, advising the public to exercise caution. These platforms have been providing trading services in various crypto-related products without
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Hong Kong Continues Exploration of Digital Currency with Phase 2 of e-HKD
The Hong Kong Monetary Authority (HKMA) has embarked on phase 2 of its e-HKD pilot programme, aiming to explore and expand upon the innovative applications of digital currency in Hong Kong. This move follows the successful completion of the programme’s
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OneDegree Eyes Opportunities with Global Stablecoin Issuers in HKMA Sandbox
Insurtech OneDegree, is seeking global stablecoin issuers to work with them on the Hong Kong Monetary Authority (HKMA) stablecoin sandbox. Alvin Kwock, co-founder of OneDegree, announced on LinkedIn that the firm is committed to working alongside the HKMA stablecoin sandbox.
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Wise Secures Type 1 License in Japan, Enabling Higher Transaction Limits
Wise, a global technology company, has been granted a Type 1 Funds Transfer Service Provider license in Japan, becoming one of the first international financial service providers in the country to achieve this status. This license allows Wise Payments Japan
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Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox
The Hong Kong Monetary Authority (HKMA) announced the launch of a sandbox arrangement for stablecoin issuers today. This initiative establishes a communicative platform between the HKMA, and entities interested in issuing fiat-referenced stablecoins in Hong Kong. It is designed to
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StanChart Backed Zodia Custody Appoints Kal Chan as Hong Kong CEO
Zodia Custody, a digital asset custodian for institutions with backing from Standard Chartered, SBI Holdings, and Northern Trust, has announced Kal Chan as the new Chief Executive Officer of its Hong Kong branch. This appointment comes as Zodia Custody strengthens
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