Tag "Hong Kong Monetary Authority"

Hong Kong’s Rapid Digital Adoption Drives Demand for Better Mobile Banking UX

Mobile banking is growing in popularity in Asia, with a new study showing the region is home to some of the world’s best banking experiences on mobile devices, such as in Hong Kong and Singapore. The study, conducted by Sia

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Hong Kong Sets up Repository for Sustainable Finance Internships

The Green and Sustainable Finance Cross-Agency Steering Group has launched an internship for Hong Kong students as part of a collaborative effort to build capability for the industry. The steering group was established by the Hong Kong Monetary Authority (HKMA)

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BIS: World’s First CBDC Pilot With Four Countries Is Completed

The Bank for International Settlements – BIS Innovation Hub Hong Kong Centre, Hong Kong Monetary Authority, Bank of Thailand, People’s Bank of China and the Central Bank of The UAE announce the successful completion of the first CBDC pilot involving

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BIS, HKMA Explores Use of Tokenised Green Bonds in Sustainable Investment Push

The Bank for International Settlements (BIS) Innovation Hub Hong Kong Centre and the Hong Kong Monetary Authority (HKMA) will be working on a prototype digital infrastructure Project Genesis to improve sustainable investing with tokenised green bond assets. As BIS Innovation

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Cyberport Granted HK$6.1 Million for Fintech Scheme, Now Open for New Applications

Hong Kong digital tech park Cyberport has announced that the application stage for the first phase of its Fintech Proof-of-Concept Subsidy Scheme has closed and received over 80 applications. The scheme was commissioned by the Financial Services and the Treasury

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HKMA Unveils New Data Strategy During Hong Kong Fintech Week

During his opening speech at the Hong Kong Fintech Week 2020, the city’s flagship fintech event, Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue announced that the HKMA is exploring a new data strategy and considering building a new financial

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Hong Kong’s Central Bank is Now Working with France to Cultivate Fintech Innovation

The Hong Kong Monetary Authority (HKMA) and Autorité de Contrôle Prudentiel et de Résolution (ACPR), France’s central bank, entered into a Memorandum of Understanding (MoU) on 5 July 2019 to help each other grow their fintech. Under the MoU, the HKMA

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Neat Reveals One Key Problem With HKMA’s Virtual Banking License and Why They Won’t Bother

The Hong Kong Monetary Authority (HKMA)’s decision to set up the virtual license is often seen as a strategic move, if a tad overdue. Reportedly, the regulator saw over 29 applications, which rumour has it, includes companies like Ant Financial,

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Ping An’s $US 15 Billion R&D Budget Could Help Them Stay Ahead in Healthtech

Ping An Group expects to invest $US 15 billion in technology R&D in the next decade in an attempt to stake out a lead in the financial services industry for next 10 years Each year the Group invests one percent

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Survey: Exploring Mobile Payment in Hong Kong

Hong Kong Internet Registration Corporation Limited (“HKIRC”) announced the results of the “Mobile Payment: Digital Transformation from Customers to Merchants” survey, exploring the market prospects of electronic mobile payments in Hong Kong. The survey measured public perceptions of the development of

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