Archive

HSBC Gold Token to Democratise Gold Investment for Retail Customers in Hong Kong

HSBC has unveiled the HSBC Gold Token for its retail customers in Hong Kong. This development introduces tokenised gold to the retail market, accessible through the bank’s online and mobile platforms. The HSBC Gold Token, which represents physical gold ownership

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How Has FPS Hong Kong Transformed the Payment Experience?

The introduction of the Faster Payment System (FPS) in Hong Kong has significantly transformed the landscape of financial transactions within the region, offering a testament to the city’s adaptability and forward-thinking approach in the fintech domain. Since its inception in

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e-HKD: How Hong Kong’s Digital Currency Might Change How We Think About Money

In the ever-changing world of finance, we’re standing at the brink of a transformation that’s as profound as it is wide-reaching. At the heart of this seismic shift is Hong Kong, where the global pulse of finance meets cutting-edge technology.

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Two Million Japanese Merchants Now Accept Global E-Wallets via Alipay+

Ant International announces that it is integrating its Alipay+ service with two million merchants in Japan, aiming to address the payment challenges international visitors face. This development seeks to provide a more inclusive payment ecosystem, enabling visitors to use their

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Hang Seng Bank Unveils HK$33 Billion Fund to Support Hong Kong SMEs

Hang Seng Bank announced the HK$33 billion SME Power Up Fund to bolster the growth, cross-border development, and sustainable advancement of small and medium-sized enterprises (SMEs) in Hong Kong. The fund addresses the challenges SMEs face today, from cash flow

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The Bank of East Asia Leverages CDI for Efficient SME Credit Evaluations

The Bank of East Asia (BEA) has announced a collaboration with PingAn OneConnect Credit Reference Services Agency (HK) Limited (PAOCCRA) to enhance the credit evaluation process for SMEs in the trade sector. This initiative leverages the Commercial Data Interchange (CDI)

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Is Hong Kong’s Financial Hub Status at Risk?

Globally, Hong Kong has made its mark as a financial hub alongside Singapore and Dubai. These city-states, while rivals in certain aspects, each present distinct strengths and face unique challenges, embodying the intricate dynamics of both local and global influences

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Project Aurum Phase Two Focuses on Privacy for Retail CBDCs

The BIS Innovation Hub Hong Kong Centre, in collaboration with the Hong Kong Monetary Authority (HKMA), has initiated the second phase of Project Aurum. This phase aims to explore and enhance privacy measures for retail central bank digital currencies (CBDCs).

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Cyberport Welcomes New Directors, Retains Key Leaders for 2024-2026

Hong Kong Cyberport has announced the Hong Kong Special Administrative Region (HKSAR) Government’s appointment of three new Directors and re-appoint six existing Directors to its Board from 1 April 2024 to 31 March 2026. The Board welcomes new Directors Nicholas Chan,

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Redefining Resilience for Banks in the Digital Era With the Four Zeros

The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and changing customer expectations in a dynamic digital landscape. This transformation is not without its challenges, as banks grapple with the critical task of

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