Tagged: hong kong

Hong Kong Crypto Financing Provider Amber Group Added Yield Boost on Investing App

Amber Group, a Hong Kong-based crypto finance service provider, announced on Wednesday it is launching a new yield-enhancement product called ‘Yield Boost’ in the Amber App. According to Amber, Yield Boost will allow users to monetize their market view on major crypto assets and earn… Read More

Hong Kong Fintech Neat Rolls Out New Visa Card

  Neat, a digital bank group based in Hong Kong, announced on Tuesday it has become a member of Visa and rolled out its new Neat Visa card. This announcement comes less than six months after Neat secured an additional $4 million extension of its… Read More

Hong Kong Monetary Authority Launches Digital ID Service iAM Smart, Calls Service Key Milestone in Fintech Development

The Hong Kong Monetary Authority (HKMA) has announced the launch of iAM Smart (internet Access by Mobile in a Smart way), a digital identity service that enables users to leverage the biometrics in their smartphone to act as proof of identity for all types of… Read More

First Hong Kong Regulated Digital Asset Exchange Halts XRP Trading Following SEC Enforcement Action [U] – Other Exchanges Cancel XRP

Just last week, OSL became the first licensed digital asset trading platform in Hong Kong. It received approval by the Securities and Futures Commission (SFC) to conduct  Type 1 (dealing in securities) and Type 7 (automated trading service -ATS) regulated activities and claims to be… Read More

HKMA Speech: Hong Kong Can Help Chinese Fintechs Go Global

In a speech this week delivered at the China Fintech Global Summit in Shenzen, Liu Yingbin, Senior Assistant President, Hong Kong Monetary Authority (HKMA) said that Hong Kong can help mainland Chinese Fintechs go global. Yingbin touted Hong Kong’s Fintech ecosystem which has emerged as… Read More

Hong Kong’s Fintech focused Index, which Quantifies Sentiment on Industry Developments, Falls to Historic Low Following COVID-19 Outbreak

The Hong Kong Fintech Buzz Index (FBI), a quarterly index that aims to represent a “quantified sentiment” of the local Fintech-focused news updates in local Chinese news media, fell to an all-time low of 93.5. The index was calculated by analyzing 1,299 news articles that… Read More

OneConnect, the Fintech Division of Ping An Insurance, to Expand Operations into Malaysian Markets

Ping An’s technology division OneConnect will be expanding its operations into Malaysian markets. OneConnect is notably among the few companies that have acquired a digital banking license from the Hong Kong Monetary Authority. OneConnect is also supporting the BEYOND consortium (in Singapore) as a key… Read More

Fintech Firm Sleek Secures $4 Million in Capital to Develop Products for Corporate Services Sector

Fintech firm Sleek has reportedly acquired $4 million in VC funding in order to develop products for the corporate services sector. Sleek’s investment round was led by SEEDS Capital, the investment division of Enterprise Singapore. Other individuals and organizations also took part in the round… Read More

The China Construction Bank Partners with Fusang to Issue $3 Billion of Debt Using Blockchain Tech

Fusang, a  Labuan-based Fintech, has partnered with the China Construction Bank to issue $3 billion worth of bonds utilizing blockchain technology. According to Fusang: “The Issuer is a special purpose vehicle and its principal activity is to establish the commercial paper programme of up to… Read More

Ant Group Is Reportedly Moving Forward with Digital Banking License Application in Singapore, Despite Halted IPO Plans

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), will be moving forward with its application for a digital banking license in Singapore. This, despite the Fintech giant’s (potential) record… Read More

Broctagon CEO on Hong Kong’s Consultation on Regulating Crypto: A Positive for the Industry

Yesterday, the Hong Kong Government announced a consultation to enlist public opinion on legislative proposals designed to enhance anti-money laundering and counter-terrorist financing (AML/CTF) regulation in Hong Kong. Cryptoassets (digital assets) were included in the consultation with the introduction of a licensing regime for virtual… Read More

Hong Kong Government Launches Consultation on Regulating Cryptoassets

The Hong Kong Government has launched a consultation to gauge public opinion on legislative proposals designed to enhance anti-money laundering and counter-terrorist financing (AML/CTF) regulation in Hong Kong. The targets include cryptoassets (digital assets) with the introduction of a licensing regime for virtual asset services… Read More

Hong Kong’s Statrys, a Digital Payment Services Provider, Secures $5 Million to Expand Operations into Southeast Asia

Hong Kong-based Statrys, a digital payment services provider, has reportedly secured $5 million through an investment round from an angel investor. Established in 2018, Statrys offers digital payment solutions for SMEs and startups. The Fintech firm noted that its platform makes it a lot easier… Read More

Hong Kong Monetary Authority Posts Preview of Upcoming Hong Kong Fintech Week

Hong Kong Fintech Week - Media Briefing_Event Photo

The Hong Kong Monetary Authority (HKMA) has posted a “preview” of the upcoming Hong Kong Fintech Week 2020 that is scheduled to take place next week. Supported by the HKMA, the event is described as the city’s “flagship Fintech event.” Like many other conferences, the… Read More

Ant Group Is “Most Interesting” Fintech of All Time Because it Provides Blueprint for how Unbanked Will Come Online, Industry Exec Explains

Benjamin Quinlan, CEO and Managing Partner at Quinlan & Associates, notes that there’s now an “army” of advisors being engaged to support the initial public offering (IPO) of Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a… Read More

Alibaba Group’s Fintech Firm, Ant Group, Gets Approval from Chinese Authorities for Registration of its Shanghai Initial Public Offering (IPO)

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from China’s top securities regulator for the registration of its Shanghai offering. As reported by Reuters, the… Read More

Alibaba Group’s Fintech Firm, Ant Group, Gets Approval from Chinese Authorities for the Hong Kong part of its Upcoming IPO

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from Chinese regulatory authorities for the Hong Kong leg of its planned initial public offering (IPO). The Ant… Read More

Weihai City Commercial Bank Becomes Only City Commercial Bank Listed on Hong Kong Stock Exchange in 2020, with Assistance from AMTD

The AMTD Group, a financial services company rooted in Hong Kong and based in the Greater Bay Area with a global focus, has revealed that the Weihai City Commercial Bank Co., Ltd. (based in Weihai, Shandong Province – marine economy demonstration zones of China) was… Read More

OneConnect, the Fintech Division of Ping An Insurance, Wins Platinum Award for Digital Banking

OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), an established technology-as-a-service platform for financial institutions, has won the Platinum Award for Digital Banking at the IFTA FinTech Achievement Awards 2019, “in recognition for the innovation of its OneConnect Bank Solution.” Daniel Ling, GM at OneConnect’s Hong… Read More

Standard Chartered Launches Virtual Bank “Mox” in Hong Kong

  UK banking group Standard Chartered Bank announced on Tuesday it has officially launched its virtual bank “Mox” in Hong Kong. According to Standard Chartered, Mox was created in partnership with PCCW, HKT, and Trip.com, which provides its suite of retail banking services entirely digitally… Read More

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