Archive
HKEX to Launch New Digitalised IPO Settlement Platform FINI on 22 Nov
The Hong Kong Exchanges and Clearing Limited (HKEX) announced that its new digitalised IPO settlement platform FINI will be launched on 22 November 2023. HKEX appears to have delayed the rollout of FINI from October. Earlier reports did mention that
Read MoreThought Machine’s Modern Core Enables Nikel to Close the Small Business Credit Gap
Thought Machine, a cloud-native banking technology company, has empowered Nikel, a fintech startup that unlocks credit for millions in Southeast Asia, to streamline its lending process and develop new products more quickly. Founded in 2018, Nikel which rebranded from Impact
Read More
SFC to Beef Up List of Suspicious Crypto Exchanges After JPEX Fiasco
Hong Kong’s Securities and Futures Commission (SFC) will publish the names of virtual asset trading platform’s (VATP) that have applied for a license in the wake of the JPEX fiasco. The regulator will enhance and issue a dedicated list of
Read More
HKMA Kicks off Green Fintech Competition
The Hong Kong Monetary Authority (HKMA) has announced the Green Fintech Competition. The competition is open to green fintech firms in Hong Kong and around the world. Their solutions should be relevant to any of these four themes; net-zero transition or
Read More
HK Government, Central Bank Look to Issue More Tokenized Bonds
Building on their experience from Project Evergreen, the Hong Kong Monetary Authority (HKMA) and the government are planning to work with the financial industry to conduct further tokenized bond issuances, a new report by the HKMA reveals. The government and
Read More
JPEX’s Ongoing Saga: Deregistration, Telecom Blocks, and Regulatory Disputes
Beleaguered crypto exchange JPEX has allegedly applied for deregistration with the Australian Securities and Investment Commission, according to Cointelegraph. JPEX stated that all company members agree with the move, the company is no longer operating, its assets are less than
Read More
moomoo Kicks off Its Online Brokerage in Japan
Global investment and trading platform moomoo announced the launch of its online brokerage business in Japan on 19 September 2023. Japanese investors can now trade approximately 7,000 US stocks and ETFs on the moomoo platform. They will also be able
Read More
Know Your Customer Now Available on Hong Kong’s Commercial Data Interchange
Know Your Customer, a regtech firm focused on business KYC verification, is now available on the Hong Kong Monetary Authority’s (HKMA) Commercial Data Interchange (CDI). The CDI is a consent-based financial data infrastructure. It enhances data sharing by facilitating financial
Read More
Over 1,600 Investors Lost HK$1.2 Billion in JPEX Crypto Exchange Scam
More than 1,600 investors have fallen victim to crypto exchange JPEX‘s scam in Hong Kong, with losses totaling HK$1.2 billion (US$154 million), according to the South China Morning Post. One investor suffered a loss of HK$40 million (US$5.1 million), the
Read More
JPEX Crypto Exchange Accuses SFC of Unfair Treatment as Police Arrest Six
Six people have been arrested in Hong Kong as part of an investigation into suspected fraud involving the cryptocurrency exchange JPEX. According to the South China Morning Post, this scandal could cost investors up to HK$1 billion (US$ 127.7 million)
Read More