Posts From Rebecca Oi
Deep Diving into The Virtual Banking Scene in Hong Kong
Imagine a world where you can access all your banking needs at your fingertips without ever having to step into a physical branch. That’s the promise of virtual banks in Hong Kong – a new breed of digital-only financial institutions
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Global Efforts Curb Crypto Hacks and Fraud, But Challenges Remain in Hong Kong
In 2023, the cryptocurrency ecosystem saw a significant decline in illicit activity, according to data from TRM Labs. Despite the overall proportion of total illicit funds shrinking by 9 percent year-on-year, criminals still handled over US$34 billion (HK$266 billion) worth
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How PayMe by HSBC is Shaping Digital Payment Usage in Hong Kong
The rise of digital payment solutions has significantly transformed Hong Kong’s financial landscape, with consumers increasingly adopting mobile wallets and other digital payment options in their daily lives. As the demand for convenient, secure, and innovative payment methods grows, the
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What Does the Future Hold for SME Lending in Hong Kong?
The vibrant economy of Hong Kong is significantly bolstered by small and medium-sized enterprises (SMEs), which constitute nearly 99 percent of its business landscape and are central to the SME lending sector. With over 362,000 SMEs as of the end
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e-HKD: How Hong Kong’s Digital Currency Might Change How We Think About Money
In the ever-changing world of finance, we’re standing at the brink of a transformation that’s as profound as it is wide-reaching. At the heart of this seismic shift is Hong Kong, where the global pulse of finance meets cutting-edge technology.
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Is Hong Kong’s Financial Hub Status at Risk?
Globally, Hong Kong has made its mark as a financial hub alongside Singapore and Dubai. These city-states, while rivals in certain aspects, each present distinct strengths and face unique challenges, embodying the intricate dynamics of both local and global influences
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Hong Kong’s Credit Card Bubble – Is Disaster Eminent?
In the pulsating heart of Asia’s world city, against a backdrop where the vibrant skyline mirrors the dynamism of its financial markets, credit cards stand as the undisputed monarchs of the retail payments ecosystem. Commanding a majority share of 51
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Who Are the Top Insurtechs in Hong Kong?
Hong Kong’s vibrant startup ecosystem, home to over 3,000 startups, underscores its role as a global center for innovation, especially in the fintech and insurtech sectors. The city’s 550+ fintech companies and approximately 30 insurtech startups are revolutionising the insurance
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24 Firms Eyeing Crypto Exchange License in Hong Kong — Here’s The Full List
Today, 29 February, is the deadline for applicants vying for virtual assets trading platform licenses in Hong Kong. Those who fail to secure a crypto exchange license in Hong Kong by this critical date face the daunting prospect of halting
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Key Fintech Takeaways from Hong Kong Budget 2024
In the wake of the epidemic, Hong Kong has seen a return to normalcy, bolstering economic growth and community spirit through mega-events. However, geopolitical uncertainties, high-interest rates, and evolving consumer patterns have dampened economic confidence, necessitating more robust efforts to
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