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HKMA’s Eddie Yue Appointed to Key Role at BIS
The Hong Kong Monetary Authority’s (HKMA) Chief Executive Eddie Yue was appointed Chair of the meeting of Governors of major emerging market economies (EMEs) for a three-year term, effective 1 September. Yue stepped into the role following the retirement of
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Airwallex Launches New Campaign to Help Hong Kong Startups Go Global
Cross border payments firm Airwallex has announced the launch of a new business readiness campaign for Hong Kong startups. The campaign, called “Airwallex for Startups”, aims to support the growth ambitions of Hong Kong’s early-stage businesses by providing them with
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HKEX Opens New London Office to Expand Global Reach
The Hong Kong Exchanges and Clearing Limited (HKEX) has officially opened its new office in London, further extending its existing international reach with offices in New York, Beijing, Shanghai and Singapore. The new office will provide on-the-ground support to customers
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HKMA’s Fintech Roadmap Propels Hong Kong Towards Future Financial Innovation
In recent years, the fintech landscape in Hong Kong has emerged as a transformative force, driving the evolution of the global financial services industry. Its impact extends beyond convenience, as fintech solutions have empowered financial institutions to expand their product
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HKEX Makes Two Senior Appointments
The Hong Kong Exchanges and Clearing Limited (HKEX) has named John Hsu as Managing Director and Group CTO. He will succeed Richard Leung, who will become Group CIO. Hsu will join HKEX on September 29, 2023 and will report to
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DBS Now Largest Foreign Bank in Taiwan After Finalising Citi Acquisition
DBS Bank has wrapped up it acquisition of Citi Consumer Taiwan, positioning itself as the largest foreign bank by assets in that market. The integration was finalised over the last weekend (12 and 13 August 2023). Following this acquisition, DBS
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Ant Group Names Peng Yang as New President of International Business Group
Chinese fintech giant Ant Group has appointed its Peng Yang as the President of the company’s International Business Group (IBG). He succeeds Angel Zhao who is stepping down for personal reasons. Since the beginning of 2023, Ant’s IBG has seen
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China Imposes Nearly US$1.5 Billion in Fines on Tencent, Ant Group
China has imposed hefty fines on tech giants Tencent and Alibaba’s fintech arm Ant Group for multiple violations, signaling a close to the regulatory crackdown on the sector. Ant Group and its subsidiaries were slapped with a 7.123 billion yuan
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PETRONAS FutureTech 3.0 Shortlists 20 Local and Asia Pacific Startups
PETRONAS has announced the selection of 20 startups from across Asia Pacific to participate in the third edition of PETRONAS FutureTech, an intensive technology accelerator programme. The PETRONAS FutureTech 3.0, co-organised with StartupX, a Singapore-based innovation, venture and startup enabler,
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HSBC Launches Innovation Banking Brand
HSBC has unveiled the HSBC Innovation Banking, which includes the former Silicon Valley Bank UK (SVB UK) as well as newly formed innovation teams in Hong Kong, Israel, and the US. The innovation-focused HSBC teams in the US, Israel and
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