Various

Hong Kong Strengthens Financial Collaboration with Malaysia

The Hong Kong Monetary Authority (HKMA) delegation, led by Chief Executive Eddie Yue, concluded a three-day visit to Kuala Lumpur, Malaysia, aimed at strengthening financial collaboration between the two countries. During the visit, the delegation held bilateral meetings with Bank

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Visa Debuts Flexible Credential and Tap to Pay Features in Asia Pacific

Visa has announced a series of new payment technologies designed to enhance the digital transaction experience in the Asia Pacific region. These innovations include solutions aimed at increasing transaction flexibility, enhancing security, and streamlining the consumer shopping experience. A key

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Hong Kong Privacy Watchdog Finds Sam Altman’s Worldcoin ID Project Breaches Law

The Office of the Privacy Commissioner for Personal Data (PCPD) has concluded its investigation into the Worldcoin project, finding it in violation of Hong Kong’s Personal Data (Privacy) Ordinance (PDPO). Concerns over the privacy risks posed by Worldcoin’s operations in

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Arthur Yuen to Continue as HKMA Deputy Chief Executive for 2 More Years

The Hong Kong Monetary Authority (HKMA) has announced that Arthur Yuen’s tenure as Deputy Chief Executive has been extended for two additional years beyond the standard retirement age. This decision, approved by the Financial Secretary based on the advice of

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Hong Kong and Shenzhen Launch Pilot Cross-Boundary Data Validation Platform

The Hong Kong Monetary Authority (HKMA) and Shenzhen authorities have initiated the pilot launch of the Shenzhen-Hong Kong cross-boundary data validation platform.  This platform employs blockchain technology and data coding, such as hash values, to verify documents without the need for transferring

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HKMA Launches Hong Kong Taxonomy to Guide Sustainable Finance

The Hong Kong Monetary Authority (HKMA) has released the Hong Kong Taxonomy for Sustainable Finance (Hong Kong Taxonomy). This publication aims to enhance informed decision-making in green and sustainable finance and to facilitate related financial flows. The HKMA has developed

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German Startup tozero Wins Top Prize at HKSTP EPiC 2024

Hong Kong Science and Technology Parks Corporation (HKSTP) has announced the conclusion of its flagship Elevator Pitch Competition (EPiC) 2024.  The competition, which aims to solidify Hong Kong’s status as a leading global innovation hub, saw tozero, a German startup focused

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Hong Kong Launches FiNETech to Foster Next-Level Fintech Collaboration

The Hong Kong Monetary Authority (HKMA) has launched the inaugural FiNETech series, an initiative designed to enhance collaboration across the fintech landscape. It involves around 100 entities from the banking, securities, insurance, and technology sectors. This new platform focuses on

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The Bank of Singapore Names Rickie Chan as CEO for Hong Kong Branch

The Bank of Singapore, the private banking arm of OCBC, has appointed Rickie Chan as the new Chief Executive Officer of its Hong Kong branch. The announcement was made earlier today, confirming Rickie’s additional responsibilities alongside his current Head of

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Job Cuts Hit Morgan Stanley and HSBC in China and Hong Kong

In a move reflecting the challenging market conditions in the Asia-Pacific region, particularly in Hong Kong and China, global investment banks Morgan Stanley and HSBC have recently implemented targeted job cuts within their investment banking teams. Sources indicate that Morgan

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