Tag "Hong Kong Monetary Authority (HKMA)"

HKMA Highlights 4 Regtech Uses Cases During COVID-19 Pandemic

  As the COVID-19 pandemic continues to profoundly disrupt the financial services landscape, technology holds to key to overcoming the operational challenges caused by the public health crisis, according to Hong Kong Monetary Authority (HKMA). In HKMA’s fifth issue of

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Hong Kong Fintech Week 2020 Closes on a High Note With 1.2 Million Viewers

The Hong Kong FinTech Week 2020 came to a close last Friday on the 6th November with reportedly 1.2 million viewer tuning in for the fully virtual event. The three-day main conference and over 30 satellite events featured important announcements,

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Hashkey Wins Prize at HKMA Trade Finance Challenge

HashKey Group, a Hong Kong-based digital asset management and blockchain solutions provider, was announced as one of the winners of the “Digitising Trade Finance Tech Challenge” hosted by the Hong Kong Monetary Authority (HKMA). Announced at the Hong Kong Fintech

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ConsenSys Bags the Lead for the Second Phase of HKMA’s Digital Currency Study Project

US-headquartered blockchain firm ConsenSys has been granted the lead for the second phase of Project Inthanon-LionRock, a cross-border payment network study project by the Hong Kong Monetary Authority (HKMA). Previously, HKMA and the Bank of Thailand (BOT) had signed a

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HKMA and BIS Innovation Hub Launches Trade Finance Tech Challenge

The Bank for International Settlements Innovation Hub (BISIH) and the Hong Kong Monetary Authority (HKMA) launched the “TechChallenge – Digitising Trade Finance” initiative to highlight the potential for new technologies to enhance trade finance mechanisms. The initiative is administered by

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HKMA Unveils Industry Plan to Help Hong Kong’s Economy Overcome COVID-19 Outbreak

The Hong Kong Monetary Authority (HKMA) together with the major banks and HKMC Insurance Limited (HKMCI) met representatives from the commercial sector (including Members of the Legislative Council) today to exchange views on the effectiveness of banks’ measures to support

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Hong Kong and Thai Regulators Unveils Pilot Results on Central Bank Backed Digital Currency

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced the outcomes and published a joint report on Project Inthanon-LionRock. The two authorities initiated Project Inthanon-LionRock to study the application of CBDC to cross-border payments.  A THB-HKD

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Fintech is Hong Kong’s Strongest Innovation Sector, Study Concludes

KPMG and Alibaba Entrepreneurs Funds’ joint report has made it official—fintech is ranked as Hong Kong’s strongest innovation sector, beating out segments like smart city, artificial intelligence, e-commerce, big data, and many others. The conclusion was found when entrepreneurs and

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Hong Kong and Thailand May Be Working on a Joint Central Bank-Backed Crypto Project

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) entered into a Memorandum of Understanding (MoU) to foster collaboration between the two regulatory authorities in promoting financial innovation. Under the agreement, HKMA and BOT agreed to work together

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Ant Financial, Tencent, and Xiaomi Are Among HK’s New 4 Virtual Banking Licensees

The Hong Kong Monetary Authority (HKMA) issued virtual banking rights to 4 more companies: Ant SME Services (Hong Kong) , Infinium, Insight Fintech HK, and Ping An OneConnect. According to their business plans, these four newly licenced virtual banks intend

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