Wealthtech
HKEX to Launch New Digitalised IPO Settlement Platform FINI on 22 Nov
The Hong Kong Exchanges and Clearing Limited (HKEX) announced that its new digitalised IPO settlement platform FINI will be launched on 22 November 2023. HKEX appears to have delayed the rollout of FINI from October. Earlier reports did mention that
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moomoo Kicks off Its Online Brokerage in Japan
Global investment and trading platform moomoo announced the launch of its online brokerage business in Japan on 19 September 2023. Japanese investors can now trade approximately 7,000 US stocks and ETFs on the moomoo platform. They will also be able
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HKEX Gears up to Launch New IPO Settlement Platform FINI in October
The Hong Kong Exchanges and Clearing Limited (HKEX) is set to launch its IPO settlement platform FINI in October this year. FINI will significantly shorten the time between the pricing of an IPO and the trading of shares from five
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FSMOne Tackles the Pain Point in Seamless and Quick Investment Account Opening
Before fintech and digitalisation became prominent, investors had to fill in long and clumsy account opening forms and even pay a visit to the branch just to open an account at an investment platform or a brokerage firm. Out of
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Digital Innovation Fuels Future of Wealth Management in Asia
As the affluent segments of Asia continue to expand, an increasing demand for more sophisticated wealth management has taken centre stage. The wealth pool of this rapidly growing market is expected to reach an astounding $4.7 trillion by 2026. These
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Mox Bags License to Roll Out Hong Kong and U.S. Equity Trading Services
Virtual bank Mox announced that it has obtained a Type 1 (dealing in securities) license from Hong Kong’s Securities and Futures Commission (SFC) to enable it to roll out Hong Kong and U.S. equity trading services. Mox will soon pilot
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ZA Bank Plans to Offer Crypto Trading for Its Retail Investors
Hong Kong’s virtual bank ZA said that it plans to introduce virtual asset trading services for retail investors under the city’s new licensing regime announced yesterday. By partnering with Hong Kong-licensed virtual asset exchanges, ZA Bank aims to obtain the
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Fintech Reaches Mainstream Adoption in Hong Kong with 94% Penetration
In Hong Kong, fintech is reaching mainstream adoption among consumers. Digital payments are becoming the norm in people’s daily lives, virtual banking and wealthtech are gaining rapid traction, and virtual assets are emerging as a legitimate new asset class that
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iFAST Wealth Advisers Awards 2023 Celebrates the Best in the Financial Industry
The iFAST Financial Hong Kong had organised its annual awards ceremony and cocktail event in The Upper House at Admiralty Hong Kong on 4th May 2023 to recognise outstanding advisors and companies in the past year. Since its launch in
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Endowus Expands Footprint With Official Kick off in Hong Kong
Digital wealth platform Endowus has officially launched its digital wealth management services in Hong Kong, its first overseas expansion market after Singapore. Investors can start building single and multi-fund portfolios via the Endowus Fund Smart solution, offering over 140 funds
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