Tagged: hong kong

March 30, 2025 @ 7:47 pm By Michael Wong  |  

The Hong Kong Academy of Finance (AoF) announced the selection of 23 senior executives for its Financial Leaders Programme (FLP) 2025, underscoring its commitment to developing future financial leaders within the territory. The participants represent a diverse range of sectors in Hong Kong’s financial industry,… Read More

March 24, 2025 @ 11:01 pm By Omar Faridi  |  

Hong Kong’s economic and employment prospects reflect a blend of resilience and cautious optimism, according to recent reports from KPMG. Three key updates—the Hong Kong Employment Outlook Report, insights into the trust industry’s growth, and an analysis of government reserves—paint a picture of a city… Read More

March 19, 2025 @ 8:25 pm By Omar Faridi  |  

HashKey Capital has obtained a Type 1 license from the Hong Kong Securities and Futures Commission (SFC), further expanding its regulated capabilities under the SFC. HashKey Capital currently holds a Type 9 license, enabling the firm to “offer asset management products to both retail and… Read More

March 16, 2025 @ 5:24 pm By Omar Faridi  |  

Hong Kong is reportedly solidifying its position as a fintech hub in Asia, with its ecosystem experiencing remarkable growth and innovation. According to the Hong Kong Fintech Ecosystem Report released by InvestHK, the city anticipates a robust future driven by blockchain, digital assets, distributed ledger… Read More

March 11, 2025 @ 10:05 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce that it has signed a Memorandum of Understanding (MOU) with CMU OmniClear Limited, a company established to carry out the operations of the Central Moneymarkets Unit (CMU) on behalf of the Hong Kong Monetary… Read More

February 23, 2025 @ 7:57 pm By Michael Wong  |  

Hong Kong Exchanges and Clearing (HKEX) will overhaul its settlement fee structure from June, introducing a flat fee of 0.0042% per stock transaction in a bid to balance costs across different trade sizes, the bourse operator said. Under the current system, HKEX charges a minimum… Read More

February 22, 2025 @ 5:55 pm By Michael Wong  |  

Hong Kong is mulling over the approval of new cryptocurrency and virtual assets products, including derivatives and margin lending, for select investors, as the city seeks to bolster its position as a regional digital assets hub. The move, outlined by Securities and Futures Commission (SFC)… Read More

February 18, 2025 @ 9:19 pm By Omar Faridi  |  

Aspire, a Fintech headquartered in Singapore, announced the launch of its Visa corporate card tailored specifically for small and medium-sized businesses in Hong Kong. By providing access to financial tools, Aspire and Visa are setting the stage for a new era of “growth and efficiency… Read More

February 18, 2025 @ 3:33 pm By Omar Faridi  |  

Standard Chartered Bank (LON: STAN), Animoca Brands, and HKT have entered into agreements to establish a joint venture with the intention to apply for a license from the Hong Kong Monetary Authority (HKMA) in the new regulatory regime in order to issue “a Hong Kong… Read More

February 12, 2025 @ 9:58 pm By Michael Wong  |  

The Green and Sustainable Finance Cross-Agency Steering Group set out new priorities to bolster sustainable finance in Hong Kong, focusing on sustainability disclosures, transition finance, and green fintech development, the Hong Kong Monetary Authority (HKMA) said. The Steering Group, jointly led by the HKMA and… Read More

February 7, 2025 @ 9:46 am By JD Alois  |  

Digital asset firm Hex Trust has received “strategic” funding from Morgan Creek Digital in advance of a forthcoming Series C funding round. Other investors were said to also have participated in the funding. Hex did not disclose the details of the investment but shared that… Read More

January 28, 2025 @ 10:22 pm By Omar Faridi  |  

Shanghai Commercial Bank (SCB) and Planto, a digital banking solution provider headquartered in Hong Kong, have joined forces in order to leverage fintech to enhance banking experiences for SMEs operating in Hong Kong. Through this collab, SCB and Planto have developed a suite of e-banking… Read More

January 14, 2025 @ 9:14 pm By Omar Faridi  |  

Endowus, Asia’s digital wealth advisory platform has increased its total funding to over $110 million. As noted in the announcement, an additional raise of $17.5 million follows from their $35 million raise last year to take the total for this round to $52.5M. New investors… Read More

January 13, 2025 @ 8:18 pm By Omar Faridi  |  

WeLab Bank announced its achievement of first-time breakeven in Dec of 2024 – which is just over 4 years after its establishment. This milestone exemplifies WeLab Bank’s ability to achieve profitability “at a pace faster than anticipated.” As mentioned in the announcement, the accomplishment was… Read More

January 11, 2025 @ 5:52 pm By Michael Wong  |  

Following its 2024 Article IV Consultation with the Hong Kong Special Administrative Region (HKSAR), the International Monetary Fund (IMF) has recognized Hong Kong’s strong standing as an international financial center and endorsed its pathway towards fiscal consolidation. This affirmation came via a concluding statement released… Read More

January 7, 2025 @ 5:15 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) claims that it had a solid 2024, marked by new leadership, greater connectivity and engagement with international markets, the launch of multi-year infrastructure enhancement programs, and fresh trading records that “underscore the market’s vibrancy and resilience.” HKEX introduced… Read More

January 2, 2025 @ 4:49 pm By Omar Faridi  |  

WeLab noted that in 2024, their regional expansion strategy has achieved considerable success, with the group now serving nearly 70 million users across Hong Kong, Mainland China, and Indonesia. According to the update from WeLab, this momentum propels them closer to their ambitious goal of… Read More

December 2, 2024 @ 10:12 pm By Omar Faridi  |  

Hong Kong is reportedly planning to waive taxes on investment gains made from cryptocurrencies as well as other alternative assets for hedge funds, private equity funds and various family offices as the city-state aims to improve its attractiveness as a wealth management center. In a… Read More

November 22, 2024 @ 4:33 pm By Omar Faridi  |  

SOLOWIN HOLDINGS (Nasdaq: SWIN), a financial services firm providing high-net-worth and institutional investors with solutions across traditional and virtual assets, announced its partnership with Zodia Custody, a digital asset custodian backed by Standard Chartered, which has been selected by NASDAQ as a new core custodian… Read More

November 11, 2024 @ 2:11 am By Omar Faridi  |  

Hong Kong Exchanges and Clearing Ltd (HKEX) is pleased to announce plans to digitize and automate the in-kind creation and redemption process for relevant exchange-traded products (ETP) in 2025 through the adoption of a “web-based platform, subject to technical readiness and regulatory approval.” This platform… Read More