Archive
InvestHK Officially Launches the Global Fast Track 2023 Fintech Accelerator
Invest Hong Kong (InvestHK) had announced today the official launch of its year-round fintech accelerator Global Fast Track 2023 (GFT). The accelerator is established through three pillars – the Global Scaleup Competition, the Business Matching Platform, and the always-on GFT
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UAE and Hong Kong Central Banks to Cooperate on Fintech, Virtual Asset Rules
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) is set to enhance collaboration between the financial services sectors of the two jurisdictions. The CBUAE and the HKMA agreed to strengthen cooperation in
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Bowtie’s Total Insured Amount Exceeded HK$60 Billion in Four Years
Hong Kong’s virtual insurer Bowtie announced that its total insured amount exceeded HK$60 billion with over 90,000 customers since its launch four years ago. Meanwhile, Bowtie’s overall recurring revenue recorded over 100% growth to HK$170 million last year. The COVID-19
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krip Seeks to Redefine Spending by Uncovering Hidden Credit Card Deals
Amidst the vibrant energy of Hong Kong, a world of incredible opportunities awaits savvy consumers eager to make their money go the distance. Yet, hidden within the city’s bustling streets lies a treasure trove of untapped potential: a vast array
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AWS Backs HSUHK’s Efforts to Build Hong Kong’s Cloud Innovation School
Amazon Web Services (AWS) will support the Hang Seng University of Hong Kong (HSUHK) in its efforts to establish a Cloud Innovation School (CIS). Touted to be the first of its kind in Hong Kong, the CIS aims to foster
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ZA Bank Plans to Offer Crypto Trading for Its Retail Investors
Hong Kong’s virtual bank ZA said that it plans to introduce virtual asset trading services for retail investors under the city’s new licensing regime announced yesterday. By partnering with Hong Kong-licensed virtual asset exchanges, ZA Bank aims to obtain the
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Hong Kong Will Soon Accept Crypto Exchange License Applications
The Hong Kong Securities and Futures Commission (SFC) announced that it will soon allow licensed trading platform operators to serve retail investors following positive feedback from its consultation paper. On 1 June 2023, the SFC will begin enforcing the guidelines
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HKMA Picks 16 Firms for Retail CBDC Pilot Programme ‘e-HKD’
The Hong Kong Monetary Authority (HKMA) has commenced its e-HKD Pilot Programme with a total of 16 firms selected from the financial, payment and technology sectors whom will participate in the first phase this year. The firms include Alipay HK,
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HKEX Appoints Andrew Loong to Spearhead Its Digital Assets Ecosystem
The Hong Kong Exchanges and Clearing Limited (HKEX) announced that Andrew Loong has joined the group as Managing Director and Head of Digital Assets. In his new role, Loong will oversee the development of the digital assets ecosystem in HKEX’s
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Airwallex and Expedia to Offer Hotel Discounts for Business Travellers
Cross border payments firm Airwallex has partnered with online travel company Expedia Group to help customers save when booking hotel stays amidst the surge in both business and personal travel. Through this partnership, existing and new Airwallex customers will receive
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