Tagged: hong kong

November 10, 2024 @ 5:05 pm By Michael Wong  |  

Fintech companies from mainland China are increasingly choosing Hong Kong as the base for their headquarters, attracted by the city’s capital accessibility and a strong talent pool. These firms are leveraging Hong Kong’s strategic position to expand their operations into ASEAN markets. KN Group, a… Read More

November 4, 2024 @ 10:42 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce that it plans to open an office in Riyadh in 2025. The office will now aim to strengthen HKEX’s Middle East presence as the Group looks to promote connectivity between China and the Gulf… Read More

November 3, 2024 @ 9:42 pm By Michael Wong  |  

The Public Investment Fund (PIF) and the Hong Kong Monetary Authority (HKMA) have signed a memorandum of understanding (MoU) at the Future Investment Initiative (FII) 8th Edition in Riyadh to jointly anchor a proposed $1 billion investment fund. The initiative, announced on October 31, is… Read More

October 29, 2024 @ 4:46 pm By Omar Faridi  |  

Circle, a global digital financial technology firm, has signed a Memorandum of Understanding (MOU) with HKT, a technology, and telecommunication firm, in order to explore a potential collaboration in developing blockchain-based customer loyalty solutions for merchants in Hong Kong. Leveraging Circle’s expertise in Web3 Services… Read More

October 26, 2024 @ 3:14 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has launched the IADS Developer Platform, a collaborative venture with the Hong Kong Science and Technology Parks Corporation (HKSTP) aimed at fostering innovation between banks and technology firms. This new platform, part of the Interbank Account Data Sharing (IADS)… Read More

October 24, 2024 @ 3:46 pm By JD Alois  |  

 SEC Commissioner Mark Uyeda delivered a speech earlier today in Hong Kong where he lauded the availability of alternative assets as contributing significantly to our global economies. These alternative assets include private securities, both debt and equity, as well as crypto assets. Commissioner Uyeda explains:… Read More

October 23, 2024 @ 8:45 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the financial platform for global companies, announced its partnership with Aigens, a Hong Kong-based food and beverage (F&B) software-as-a-service (SaaS) provider. Via this collaboration, Aigens incorporates Adyen’s payment capabilities into its Aigens Pay offering, helping restaurants in Hong Kong and Singapore optimize their front- and… Read More

October 23, 2024 @ 5:05 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has launched its Sustainable Finance Action Agenda, outlining a comprehensive strategy to reinforce Hong Kong’s standing as a leading sustainable finance hub in the region. The initiative aims to support the sustainable development of Asia and beyond by setting… Read More

October 19, 2024 @ 4:19 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), in collaboration with the banking sector, announced several measures to support small and medium-sized enterprises (SMEs) in their development, upgrade, and transformation. Aimed at enhancing competitiveness and productivity, these initiatives come as SMEs navigate changing market conditions. Since launching… Read More

October 18, 2024 @ 5:54 pm By Omar Faridi  |  

HKMA has recently introduced several different strategic measures to support SMEs’ development, upgrade and transformation. The Hong Kong Monetary Authority (HKMA), together with the banking sector, introduced measures in order to further support, via financing as well as banking products and services, the “continuous development”… Read More

October 14, 2024 @ 8:39 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has published the results of a consultation on changing the term “Virtual Bank” to “Digital Bank,” joining most of the rest of the world. Hong Kong has been a progressive jurisdiction when it comes to embracing the digital banking… Read More

October 11, 2024 @ 10:42 pm By Omar Faridi  |  

Airwallex announced that Airwallex Capital is now licensed by the Securities and Futures Commission of Hong Kong (SFC) in order to offer asset management services, paving the way for the upcoming launch of its Airwallex Yield in Hong Kong early next year. As explained in a… Read More

October 10, 2024 @ 5:45 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have expressed full support for the Banking Industry Integrity Charter introduced by the Independent Commission Against Corruption (ICAC). The two organizations jointly hosted the launch ceremony for the Integrity Charter, attended… Read More

September 22, 2024 @ 7:21 pm By Michael Wong  |  

HSBC has successfully tested the use of quantum-secure technology for the buying and selling of tokenised physical gold, marking a significant advancement in protecting critical financial applications from potential future quantum computing threats. This milestone is part of HSBC’s ongoing efforts to safeguard digital assets… Read More

September 20, 2024 @ 7:21 pm By Michael Wong  |  

A joint survey conducted by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) revealed a 14% increase in total transactions of non-exchange-traded investment products by licensed corporations (LCs) and registered institutions (RIs) in 2023. The total transaction amount reached $4,338… Read More

September 9, 2024 @ 9:22 pm By Michael Wong  |  

The joint Taskforce on SME Lending, established by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB), recently held its inaugural meeting attended by representatives from the HKMA, HKAB, and 14 banks actively involved in lending to small and medium-sized… Read More

September 2, 2024 @ 10:22 am By Omar Faridi  |  

Ant International announced its participation in the Hong Kong Monetary Authority’s (HKMA) Project Ensemble Sandbox, focusing on “Liquidity Management”, one of its four main themes. Launched in March this year, Project Ensemble is the HKMA’s wholesale central bank digital currency (wCBDC) project aimed “at fostering… Read More

August 31, 2024 @ 6:09 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) announced the conclusion of an investigation and subsequent disciplinary proceedings against WeChat Pay Hong Kong Limited (WPHK), resulting in a fine of HK$875,000 ($112,000). The penalty is imposed for violations under the Payment Systems and Stored Value Facilities Ordinance… Read More

August 26, 2024 @ 5:27 pm By JD Alois  |  

Global crypto exchange and digital asset innovator Binance has received a letter of appreciation from the Organized Crime and Triad Bureau (OCTB) of the Hong Kong Police Force (HKPF). The letter was in recognition of their assistance in a kidnapping case. According to the letter signed… Read More

August 25, 2024 @ 6:52 pm By Michael Wong  |  

Hong Kong’s Securities and Futures Commission (SFC) has uncovered unsatisfactory practices at several “deemed-to-be-licensed” cryptocurrency exchange platforms during recent on-site inspections, according to a Bloomberg report. These findings come as the city pushes forward with its ambition to become a leading digital-asset hub, but faces… Read More