Archive
Key Highlights: How Hong Kong’s New Budget Pushes for Digital Innovation
Hong Kong’s economy faced significant challenges in 2022 due to adverse external conditions. The global economy was affected by rising energy and commodity prices and high inflation levels, adversely affecting advanced economies. The Special Administrative Region, which is one of
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Hong Kong SFC Grants HashKey Approval for Off-Platform Virtual Asset Trading
HashKey Group, a Hong Kong-based digital asset management and blockchain solutions provider, has secured approval from the Securities and Futures Commission (SFC) for its subsidiary Hash Blockchain Limited (HBL) to conduct off-platform virtual asset trading business. HBL can act as
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TransUnion Hong Kong, Baihang Credit to Promote Financial Inclusion in GBA
Consumer credit reporting agency TransUnion has partnered with a Baihang Credit, Chinese licensed personal credit reference agency, to promote financial inclusion in the Greater Bay Area (GBA). This partnership will enable mainland consumers to have efficient and convenient access to
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Anil Wadhwani Named as Prudential’s New Chief Executive
Prudential announced that Anil Wadhwani will be succeeding Mark FitzPatrick as its Chief Executive and join the board as an Executive Director on 25 February 2023. FitzPatrick will remain available as an adviser for an unspecified period. Anil will also join
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Hong Kong Mulls Allowing Retail Investors to Trade Crypto
Hong Kong’s Securities and Futures Commission (SFC) has released its consultation paper on proposed regulatory requirements for Virtual Asset Service Providers (VASPs) before the new licensing regime takes effect on June 2023. Under the new licensing regime, all centralised virtual
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Bank of Japan to Kick off Digital Yen Pilot in April
The Bank of Japan (BOJ) announced that it will launch its Central Bank Digital Currency (CBDC) pilot programme in April this year to test the use of a digital yen. The central bank said that it will complete its Proof
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Hong Kong Trails Behind Singapore in Digital Insurance
Hong Kong is being overshadowed by Western countries and Singapore in online insurance, a lag that can be partly explained by the Hong Kong insurance industry’s heavy reliance on physical agents, a new report by French consultancy Sia Partners says.
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SMEs Remain Confident in Growth Prospects of the Greater Bay Area
In the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), small and medium-sized enterprises (SMEs) are confident in the growth prospects of the region, an optimism that’s evidenced by their plans to invest in capital expenditures and expand their business, a new
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Hong Kong’s Banking Customers Expectations Are Shifting — Here Are The Key Findings
In Hong Kong, COVID-19, the advent of virtual banks and changing customers’ expectations are transforming the retail banking landscape, prompting customers to increase their usage of online channels and embrace digital financial products, a new survey by Bain and Company
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PPRO Expands Presence in the South Korean Market
PPRO, a digital payments infrastructure provider, has expanded into the South Korean market by integrating local cards and e-wallet Toss Pay onto its platform. The addition of local cards and Toss Pay opens up a gateway for PPRO’s global partners, payment
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