Tag "HSBC"

Klook Raises US$210 Million, Aims to Reinforce AI Integration

Travel and leisure booking platform Klook has closed a US$210 million (HK$1.6 billion) financing round. This capital injection will support product development, particularly in expanding city pass options, and bolster marketing initiatives via the Klook Kreator programme. In partnership with

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Hong Kong Calls for Greater Bank Participation in Digital Yuan Initiative

During a recent fintech conference held in Shenzhen, Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, emphasised the growing importance of the digital yuan and called for the active participation of “more Hong Kong banks” in this

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Hong Kong Debuts First Saudi ETF in Asia Amid Growing China-Saudi Ties

The first-ever exchange-traded fund (ETF) in Asia, focusing on Saudi equities, commenced trading in Hong Kong on Wednesday. This event marks a milestone in the strengthening ties between China and Saudi Arabia. The ETF, named CSOP Saudi Arabia ETF and

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Three More Banks Join China’s Digital Yuan Initiative

The participation of foreign banks in China’s digital yuan initiative, known as the e-CNY, has expanded with the addition of three more banks, reports Cointelegraph. This development follows the earlier integration by Standard Chartered on 27 November (Monday), making a

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Key Takeaways from HKMA’s Investment Summit on Digital Trends

The Hong Kong Monetary Authority (HKMA), the Global Financial Leaders’ Investment Summit organiser, brought together some of the most prominent figures in the finance industry to discuss the transformative impact of technology and innovation. The panel, consisting of Rob Kapito,

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HSBC and Ant Group Successfully Tests Tokenised Deposits in HKMA’s Sandbox

HSBC and fintech giant Ant Group have successfully tested the use of tokenised deposits in intra-group payment transactions, in a first-of-its-kind initiative in Hong Kong. The test, conducted under the Hong Kong Monetary Authority’s Fintech Supervisory Sandbox arrangement, encompassed the

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HSBC Curates ‘Women in Tech Lounge’ at Hong Kong Fintech Week 2023

The Hong Kong Fintech Week (HKFW) 2023 will feature an inaugural Women in Tech Lounge, curated by HSBC. The lounge will serve as a unique space for students, senior technology leaders, and entrepreneurs to connect and share experiences. The goal

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Citi Inks Deal to Sell Consumer Wealth Business in China to HSBC

Citi announced that it has agreed to sell its onshore consumer wealth portfolio in China to HSBC Bank. The transaction includes clients, assets under management (AUM) and deposits totaling approximately US$3.6 billion. The deal is expected to close in the

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OneDegree Secures Its First Venture Debt Financing From HSBC

Hong Kong’s digital insurer OneDegree Group announced that it has closed its first venture debt financing transaction with HSBC. Details of the financing was not disclosed. With this venture debt, OneDegree will be able to bolster its capability to accelerate

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HSBC Enables Hong Kong Customers to Trade Bitcoin, Ethereum ETFs

The Hongkong and Shanghai Banking Corporation (HSBC) has enabled its customers to buy and sell Bitcoin and Ethereum ETFs listed on the Hong Kong exchange, according to Chinese journalist Colin Wu in a series of tweets. SCOOP: HSBC, the largest

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