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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’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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Cyberport’s 350 Startups to Gain Access to Ping An’s Fintech Open Platform
Cyberport signed a memorandum of understanding Ping An’s fintech arm One connect to o be among the first batch partners of the company’s open Fintech SaaS (Software-as-a-Service) platform, “Gamma O”. The arrangement allows Cyberport’s 350 startups to enjoy priority to
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A Snapshot of Fintech in Hong Kong in 2019
Hong Kong is expected to see a boost in fintech activity after a relatively disappointing year in 2018 as the region saw a sharp dip in the total value of investments. According to Accenture, this was due to new measures
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Tencent’s Fintech & Cloud Unit Generates US$ 3.1 Billion in Q1 of 2019
In their quarterly results announcement, Tencent revealed that its fintech and cloud services generated RMB21.8 billion (US$ 3.1 Billion) in the first quarter of 2019, a 44% year-on-year growth. This quarter marks the first time the Chinese internet giant is
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Cyberport Chairman Reveals Secret Sauce to Growing 350 Fintechs in Just 3 Years
“Everything you do in a fintech startup, you’re likely testing the law, one way or another,” said Cyberport’s chairman Dr. Lee George Lam about fintech in the technology hub he stewards. “If you want to move out of the box,
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InvestHK Teases a Bigger and Better Hong Kong Fintech Week 2019
InvestHK recently dropped hints that we should be expecting a significant expansion of the annual Hong Kong Fintech Week. Anticipating to pull in a larger audience than last year’s 8,000 attendees, the agency stated they needed to host the event
Read MoreThe First 3 Recipients of HKMA’s Virtual Banking License Have Been Announced
The Hong Kong Monetary Authority (HKMA) announced today that three companies have been granted virtual banking licences: Livi VB, SC Digital, and ZhongAn Virtual Finance. As rumoured in our previous report, some of the companies granted licenses are joint ventures that include
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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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DocDoc Secures Investment from Cyberport Macro Fund
DocDoc, a patient empowerment platform recently announced that it secured strategic investment from Cyberport Macro Fund . Following this investment round DocDoc will be opening a new office in Hong Kong’s Cyberport This recent investment from Cyberport brings the total
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