Tag "Hong Kong Monetary Authority (HKMA)"

Hong Kong’s Game Plan to Win Back Role as Digital Asset Hub

Hong Kong’s digital asset industry has been dealt a blow in recent years, with the city losing its luster as a global hub for digital assets.  As the global landscape of digital assets evolves, Hong Kong is taking steps to

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ZA International to Tokenise Its Loyalty Programme

Digital insurer ZA International has unveiled plans to tokenise its ZA Coin loyalty programme to create more applications for the coin within the platform’s ecosystem. ZA Coin has 380,000 users at present, with a total redemption amount of close to

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CBDCs and Virtual Assets Dominate Day One of Hong Kong Fintech Week 2022

The seventh edition of Hong Kong’s flagship fintech event Hong Kong Fintech Week (HKFW) 2022 kicked off this week, organised by the Hong Kong Monetary Authority (HKMA) with Invest Hong Kong. The first day of the HKFW 2022 saw several

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HKMA, BIS Publish Report on the World’s Largest Multi-CBDC Pilot Project

The Hong Kong Monetary Authority (HKMA), Bank for International Settlements (BIS), Bank of Thailand, Central Bank of the United Arab Emirates, and the Digital Currency Institute of the People’s Bank of China have published a report on the completed pilot

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HKMA Officially Launches Its Commercial Data Interchange

The Hong Kong Monetary Authority (HKMA) has officially launched its Commercial Data Interchange (CDI), one of the key initiatives under its Fintech 2025 strategy. As a consent-based financial data infrastructure, CDI aims to enhance data sharing by facilitating financial institutions

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BIS, HKMA to Explore Use of DeFi Tools to Improve SME Financing

The BIS Innovation Hub’s Hong Kong Centre and the Hong Kong Monetary Authority (HKMA) will look into the use of decentralised finance (DeFi) tools to improve access to finance for unfunded and underfunded small and medium enterprises (SMEs). The launch

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HKMA’s Faster Payment System Sees Steady Growth With 10.9 Million Users

The Hong Kong Monetary Authority (HKMA) announced during the fourth anniversary of its Faster Payment System (FPS) that the service has received 10.9 million registrations as of the end of August 2022. According to them, FPS usage has also been

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InvestHK and HKMA Launches a CBDC-Focused Vertical at the Global Fast Track 2022

Invest Hong Kong (InvestHK) and the Hong Kong Monetary Authority (HKMA) jointly announced the addition of the Central Bank Digital Currency (CBDC) track to the Global Fast Track 2022 programme. Global Fast Track, organised by InvestHK and co-organised by Finnovasia,

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HKMA, Bloomberg Launch Greater Bay Fintech Talent Initiative Supported by Major Banks

The Hong Kong Monetary Authority (HKMA), Bloomberg and the Hong Kong United Youth Association (HKUY) have partnered to launch the Greater Bay Fintech Talent Initiative aimed at bridging a potential technology skills gap in the region. With the Greater Bay

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HKMA Takes Stock of Banks’ Fintech Adoption Rate to Push Digitisation Efforts

The Hong Kong Monetary Authority (HKMA) announced the results of the Tech Baseline Assessment and its plans for further supporting the industry’s adoption of fintech. As part of its “Fintech 2025” strategy, the HKMA is promoting the all-round adoption of

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