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Ping An OneConnect Launches its Virtual Bank Pilot

Ping An OneConnect Bank (PAOB) announced its pilot trial under the Fintech Supervisory Sandbox (“FSS”) of the Hong Kong Monetary Authority (“HKMA”). PAOB is among the 8 virtual banks that have received a license from HKMA to operate. To date,

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Avaloq Hires in Hong Kong to Strengthen Its Greater China Footprint

Avaloq, the Swiss-based provider of digital banking solutions, core banking software and wealth management technology, has appointed Pascal Wengi as Head of Sales for the Greater China region. He will be based in Hong Kong. Pascal Wengi joins from Crealogix,

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Lufax’s Subsidiary Receives Nod to Provide Investment and Wealth Services in Hong Kong

Lufax Holding’s subsidiary LUI HK announced today that Hong Kong Securities and Futures Commission (SFC) has granted the company regulatory approval to provide investment and wealth management services for all customers in Hong Kong. They expect their app to go

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Manulife Among the First Wave of Insurers Approved to Launch Virtual Agency Sales Platform

Manulife Hong Kong today announced the launch of a ‘Virtual Face-to-Face’ agency sales platform for all Manulife individual insurance products in Hong Kong, except investment-linked assurance schemes. Manulife’s Virtual Face-to-Face sales capability enables customers to buy even the most sophisticated

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American Express Granted Clearing License for China’s US$ 27 Trillion Market

American Express announced that its joint-venture in mainland China, Express (Hangzhou) Technology Services Company Limited (“Express Company”), has received approval from the People’s Bank of China (PBOC) for a network clearing license. With this, American Express becomes the first foreign

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Now Home to Over 600 Fintechs, Hong Kong Unveils New Fintech Initiatives

In the coming year, Hong Kong will be introducing several new measures and initiatives to facilitate fintech development with a focus on building up its fintech talent pool, and expanding the application of technological infrastructures such as the iAM Smart

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HKTDC’s Start-Up Express Pitching Contest Showcases Innovative Solutions

Start-up Express, an entrepreneurship development programme organised by the Hong Kong Trade Development Council (HKTDC), has returned for its third edition. The pitching contest under the programme successfully concluded today as a judging panel selected exceptional start-ups to participate in

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3 Indirect Ways to Invest in Bitcoin

Bitcoin has established itself among investors as a formidable commodity in the last few years. While questions remain about its long-term purpose and just how much it could ultimately be worth, it has proven that it’s here to stay. As

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Virtual Bank Airstar Fully Launches in Hong Kong with Up To 3.6% P.A Interest Rates

Airstar Bank today announced the official launch of its virtual banking services to the public which encompass savings account, time deposit and personal loan products. In March, Airstar Bank which is jointly operated by AMTD Group and Xiaomi launched their

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DBS’ Latest Gimmick Shows You How You Might Look Like At Retirement to Help Plan for It

With evolving lifestyles, growing awareness of health and fitness, and medical advancement enabling more people to live longer, retirement will increasingly require a bigger and more stable nest egg. To help people better understand their retirement needs and plan for

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