Posts From Fintech News Hong Kong
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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Hong Kong Insurance Sector Predicted to Reach $10.9 Billion by 2028
The Hong Kong general insurance market is set for substantial growth, with expectations to expand from HK$67 billion (US$8.6 billion) in 2024 to HK$85.6 billion (US$10.9 billion) by 2028, achieving a compound annual growth rate (CAGR) of 6.3 percent, according
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Bank of Singapore Appoints Ex-Credit Suisse Ronnie Cheung as HK COO
Bank of Singapore appointed Ronnie Cheung as the Chief Operating Officer for its Greater China operations, effective 19 March 2024. She will be based in Hong Kong and report to Cindy Wong, the branch’s chief executive, and Jacky Ang, the
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DBS and Agoda Unveil Reward Points System for Hong Kong Hotel Bookings
Digital travel platform Agoda and financial services group DBS have unveiled a partnership to offer DBS Hong Kong customers an exclusive reward points redemption system. This initiative allows DBS Credit Cardholders to pay for hotel bookings on Agoda using DBS$
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WeLab Digital Bank Unit in Indonesia Surpasses Half a Million Customers
Bank Saqu, the Indonesian digital bank developed through a strategic partnership between WeLab and Astra Financial, has reached the milestone of half a million new customers within the first three months of its operation. Simon Loong, Founder and Group CEO
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Hong Kong Fund Inflows Reaches HK$33.5 Billion in Q4 2023
The Securities and Futures Commission (SFC) announced the publication of its Quarterly Report for the period ending 31 December 2023, detailing significant operational and financial milestones achieved in the quarter. The report showcases a robust quarter for the asset management
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9 Must-Attend Fintech Events in Hong Kong in Q2 2024
Hong Kong is home to a vibrant and diverse international fintech hub comprising approximately 1,000 fintech companies, data from the government show. More than 10 of these companies are unicorn startups valued at US$1 billion and over, including HashKey Group,
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China’s Ant Group Increases Transaction Limits for Overseas Travelers
Ant Group, in response to new policies by the People’s Bank of China (PBOC) aimed at facilitating international visits, has announced an increase in transaction limits for international travelers using its cross-border payment services. Effective immediately, the single transaction limit
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HKMA’s Project Ensemble to Propel Tokenisation Market with wCBDC Initiative
The Hong Kong Monetary Authority (HKMA) has announced the initiation of Project Ensemble, a new venture aimed at supporting the development of the tokenisation market in Hong Kong via the introduction of a wholesale central bank digital currency (wCBDC). This
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Mox Partners Wise to Launch New Remittance Offering
Mox Bank has launched Express Remit, a new service powered by Wise Platform, offering customers a streamlined and cost-effective way to transfer money internationally. This service enables Mox customers to transfer funds internationally directly through the Mox app, offering transactions
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