Finloop and Yunfeng Financial have joined Anchorpoint’s HKDAP stablecoin beta access programme as authorised distributors.  The additions take the number of Anchorpoint HKDAP stablecoin distributors to 5 companies, following HashKey Exchange, OSL, and Standard Chartered’s earlier onboarding in August 2026. Finloop Finance Limited, a subsidiary of Finloop Finance Technology Holding Limited, aims to start providing services to eligible institutions, corporate users, and professional investors starting from next week. Eligible users would be able to access HKDAP through the Finloop platform, which comprises subscription, redemption, exchange, trading and settlement services. Cai Hua, CEO of Finloop, shared, “With a compliant framework, we…

Standard Chartered Bank (Hong Kong) Limited (SCBHK) has become the first bank distributor of HKDAP, the Hong Kong dollar-backed stablecoin issued by Anchorpoint Financial. The bank is now actively engaging with eligible institutional clients and partners to use the token in their business activities. The bank’s initial use cases span plans tokenised money market fund subscriptions, intragroup settlement activities to facilitate treasury and liquidity management, as well as cross-border payments. “Standard Chartered is pleased to be the first bank distributor to provide eligible clients with secure access to the market-first Hong Kong dollar-backed stablecoin,” said Mary Huen, CEO, Hong Kong…

Lianlian DigiTech Co., Ltd, a payment service provider headquartered in China, reported its interim results for the first six months ended 30 June 2026. The company shared that it delivered growth across revenue, profitability, and product development during the Lianlian DigiTech H12026 results announcement. Zhang Zhengyu, Chairman and CEO of Lianlian DigiTech, shared, “Our AI-Native + Globalisation strategy drove product delivery, with the launch of a series of AI products, alongside key breakthroughs in Agentic Payment that extended our services beyond payments. We also continued to expand our ecosystem and deepen our presence across the fintech and AI value chains.”…

RedotPay recently announced that it received its first state-level US Money Transmitter License in the United States. The RedotPay US Money Transmitter License approval is said to support its long-term expansion plans in the country. License applications are pending in 20+ states. A RedotPay spokesperson shared, “Receiving our first US Money Transmitter License is an important milestone in our growth strategy in the US. We’ll continue working state by state to bring more people practical ways to use and manage stablecoins with confidence in their daily lives.” According to the company, over 8 million people use its app to spend…

Alibaba has launched a $10.2 billion share placement to fund its artificial intelligence expansion. The deal ranks as the largest-ever primary follow-on offering by a Hong Kong-listed company, according to Reuters. The company priced 710 million new shares at HK$112.70 each for the Alibaba share sale. It was priced at a discount of 3.6% based on the close of last Friday. Alibaba said it would direct 100% of net proceeds to full-stack AI capabilities, covering chips, infrastructure, and the development as well as deployment of AI models. The Alibaba share sale would rank as the world’s third-largest primary follow-on share…

Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking strengths and Ant International’s fintech and AI strategies. Through the Ant International BOCHK partnership, both parties aim to explore AI-driven innovative financial services and real-time treasury management and cross-border payments. Sun Yu, Vice Chairman and Chief Executive of Bank of China (Hong Kong), said, “We are pleased to join forces with Ant International, an industry-leading fintech company, not only to explore innovative cross-border financial service solutions, but also to advance fintech innovation and application in Hong Kong, fostering mutually beneficial cooperation in cross-border finance…

BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset Service Provider (VASP) registration from the Korea Financial Intelligence Unit. With the VASP registration, the company will be able to provide virtual asset custody and transfer services to institutional and enterprise clients in South Korea. BitGo Korea says that it is the first newly established Korean entity of a global digital asset company to receive VASP registration acceptance for entry into the South Korean market since the country introduced the VASP registration regime. Hana Financial Group and SK Telecom are strategic shareholders in…

Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentials, phishing and social engineering to get into real customer accounts, then move money, change account details or steal sensitive data. Banks see that pressure most clearly at login, account recovery and high risk transactions. The challenge is stopping account takeover without making everyday digital banking harder for customers. This webinar will discuss Why trusted customer accounts are becoming a bigger target for fraudsters How account takeover can expose gaps in login, recovery and transaction controls Where phishing resistant authentication can help reduce post…

JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly entered into a basic agreement to conduct a proof of concept (PoC) for in-store payments using stablecoins. The initiative brings together the JCB stablecoin payment service, Digital Garage’s payment API and back-end systems technologies, and Lawson’s in-store operations and POS system expertise. Collectively, the three companies will run a PoC to test the potential of stablecoin payments at physical stores. The PoC will focus on verifying use cases for Japan-bound visitors to make in-store payments with the US dollar-pegged stablecoin (USDC). The…

The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Limited (HKEX) Chief Executive Officer, Bonnie Y Chan, for a further three-year term from 1 March 2027 to 28 February 2030. Chan’s appointment is approved by the Securities and Futures Commission, in accordance with Section 70(1) of the Securities and Futures Ordinance. HKEX Chairman, Carlson Tong, said, “Under her leadership, HKEX has gone from strength to strength, with the team focused on broadening the Group’s business footprint, evolving its listing framework, and delivering many enhancements to its technology infrastructure and market…

Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership with Jeonbuk Bank. With this Ripple Jeonbuk Bank partnership, Jeonbuk Bank is said to be the first regional bank in Korea to deploy Ripple Payments for cross-border remittances. Ripple Payments offers a suite of composable components as well as end-to-end solutions for handling transactions in fiat and stablecoins. Fiona Murray, the Managing Director, Asia Pacific at Ripple, said, “As the first regional bank in Korea to deploy Ripple Payments, Jeonbuk Bank is extending near real-time cross-border settlement directly to the businesses it serves, and this is…

Digital asset group HashKey Holdings Limited announced that its licensed trading platform, HashKey Exchange, entered a partnership with OneDegree’s commercial insurance arm, One Infinity. The partnership aims to expand the commercial and financial applications of HKDAP, a regulated HKD stablecoin. HashKey Exchange and OneInfinity previously established a collaboration to provide insurance coverage for users’ virtual assets, and this partnership further brings their synergy into the stablecoin ecosystem. HashKey is a major authorised distributor for the Hong Kong Dollar stablecoin HKDAP. Haiyang Ru, CEO of HashKey Exchange BG, stated, “Backed by HashKey Exchange’s liquidity assurance and compliant exchange capabilities, both companies will…

Alipay launched what it refers to as China’s first full-stack agentic commerce platform for merchants. The Alipay agentic commerce platform is designed to help them transition from digital operations to those which are AI-powered. Cyril Han, CEO of Ant Group, shared, “AI agents will become a new interface connecting hundreds of millions of users with tens of millions of merchants, unlocking a new intent-driven commercial ecosystem. Through trust, connectivity, and an open ecosystem, Alipay will help build a new generation of AI-powered services and support agentic commerce growth.” The platform comprises a suite of AI business tools that merchants can…

Editor’s Note: The IPO fundraising figure has been removed from this article. XTransfer shared that it has served more than one million enterprise clients since its founding in 2017. The B2B cross-border payments platform disclosed the figure at XTransfer Summit 26 in Shenzhen, an annual foreign trade event. The company said it drew over 4,500 trading enterprises and 50+ banks and financial institutions, as well as industry experts for discussions on global trade opportunities, business growth strategies, and digital intelligence in cross-border finance. XTransfer filed for an IPO on the Hong Kong Stock Exchange earlier this year, with UBS and…

Ng Sier Han will be the next DBS Hong Kong CEO. He takes over from Sebastian Paredes, who retires from executive duties on 1 March 2027 after 16 years at the bank and will stay on as Senior Advisor. The change is part of a three-way reshuffle announced by DBS on 13 August 2026. All appointments remain subject to regulatory approval.  DBS CEO Tan Su Shan said regarding the appointments of Ng Sier Han as well as Lim Chu Chong as CEO of DBS Taiwan and Adrian Chai as President Director of DBS Indonesia, “Over the past 16 years, Sebastian…

Airwallex announced a corporate partnership with Air Corporate, a Hong Kong-based digital corporate service provider, in a bid to solve the requirement for two separate applications for company registration and opening a payment account. The Airwallex Air Corporate partnership enables eligible business owners to register a Hong Kong legal entity and an Airwallex multi-currency account via one application with Air Corporate. The arrangement runs through Air Corporate’s Expert package. Under that tier, Air Corporate handles the Airwallex account opening on the client’s behalf. Marcus Cheng, Associate Director, GTM Partnerships, SME & Growth at Airwallex Hong Kong, said: “By consolidating company…

Visa announced a partnership with S.F. Express (Hong Kong) Limited (SFHK) to bring contactless card payment services to everyday sending and receiving services. The Visa Tap to Pay Hong Kong service with S.F. Express builds on Visa acceptance, which is currently available at SF stores and extends contactless payments to more touchpoints. Customers can now use their preferred Visa cards when receiving and sending parcels at their doorstep. S.F. Express couriers are equipped with smart handheld devices that process payments directly upon delivery or pickup, covering a full range of payment scenarios including freight charges and Cash-on-Delivery (COD). Paulina Leong,…

HSBC has named two Asia-based executives as co-CEOs of its global insurance business. Daisy Tsang, CEO of HSBC Life Hong Kong, and Kai Zhang, Head of International Wealth and Premier Banking, Asia, HSBC, replace Edward Moncreiffe in HSBC’s insurance leadership, according to the South China Morning Post. Moncreiffe is leaving after two decades at the bank. The memo was issued jointly by Barry O’Byrne, Chief Executive Officer, International Wealth and Premier Banking at HSBC, and David Liao and Surendra Rosha, co-CEOs for Asia and the Middle East. It described the appointments as effective immediately and said Moncreiffe is leaving “to…

Hong Kong-licensed stablecoin issuer Anchorpoint Financial Limited started its Phase 1 rollout for HKD At Par (HKDAP) today, which is its Hong Kong dollar-backed stablecoin. The Anchorpoint HKDAP rollout is being done through a Beta Phase and is catered towards institutional distributors and professional investors. Anchorpoint shared that over the past few months, it worked with regulators and industry participants for the initial launch, while simultaneously minting and conducting live transfer tests of HKDAP on a public blockchain. In this initial phase, authorised distributors will offer conversion between HKDAP and fiat currency for institutions, corporate users and professional investors, using…

The Hong Kong Trade Development Council (HKTDC) hosted its flagship event, Think Business Think Hong Kong 2026 (TBTHK), in Kuala Lumpur today. The symposium brought together around 1,600 individuals from Hong Kong and Malaysia, including government and business leaders and professional service providers from Hong Kong. The Think Business, Think Hong Kong 2026 event provided opportunities for Malaysian businesses to expand into the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the wider Chinese mainland, and global markets via Hong Kong. The opening ceremony was officiated by Prof Frederick Ma, Chairman of HKTDC, Algernon Yau, Secretary for Commerce and Economic Development of…