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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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Justin Sun’s HTX Withdraws Crypto License Application in Hong Kong
HTX, formerly Huobi Global, has officially withdrawn its application for a license to operate in the Hong Kong cryptocurrency market. The Securities and Futures Commission (SFC) confirmed that HBGL Hong Kong Limited, associated with HTX, retracted its application only three
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Branch Banking Remains Crucial for 95% in Hong Kong
In the bustling financial hub of Hong Kong, consumer satisfaction with banking services remains high, driven by a blend of traditional and modern banking preferences. Consumers remain largely satisfied with their primary bank relationships but are not putting all their
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HKMA Highlights Urgent Need for Climate Finance in Asia Pacific
At the Hong Kong Green Week – Finance Stream, Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority (HKMA), underscored the crucial importance of mobilising climate finance to aid the Asia Pacific region in its transition towards a
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Hong Kong Banks Implements Anti-Malware Measures to Protect Customers
The Hong Kong Association of Banks (HKAB) announced that major retail banks in Hong Kong are stepping up their security measures to shield customers from evolving malware scams. Aligned with guidance from the Hong Kong Monetary Authority and the Hong
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FWD Group Expands Partnership with Microsoft for AI Innovation
Pan-Asian Life Insurance FWD Group and Microsoft have announced an extension of their partnership through a new four-year agreement. This collaboration aims to integrate Microsoft’s latest generative AI innovations into FWD Group’s cloud-first technology approach. Under this agreement, FWD Group
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Hong Kong’s Finance and Tech Salaries Surpass Singapore’s by Up to 46%
A recent Bloomberg Intelligence report reveals that Hong Kong finance and tech professionals enjoy higher salaries than their counterparts in Singapore. The report shows that investment banking analysts in Hong Kong earn 46 percent more, with average annual salaries reaching
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HKMA Sets Guidance for Digital Asset Custodial Services by Authorised Institutions
The Hong Kong Monetary Authority (HKMA) has issued new guidance for Authorised Institutions engaged in digital asset-related activities, mainly focusing on providing custodial services for digital assets. This initiative aims to ensure that digital assets held in custody are protected
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FWD Group’s IPO Awaits Ideal Timing, Richard Li to Retain Control
Pacific Century Group, the holding entity behind FWD, a pan-Asian insurance group, announced that Richard Li Tzar-kai, the company’s founder and chairman will retain a controlling stake. Richard expressed his confidence in the firm’s long-term growth prospects. This statement comes amidst
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