Stories about how technology is used to enhance financial services, covering banking and securities
As the number of cryptocurrency victims grows, Hong Kong authorities need to react faster to the latest get-rich schemes and close loopholes to protect investors.
Beijing is ready to call it a day after a two-year crackdown on ‘new economy’ businesses, and the industry can expect support from now on.
Exposure to collapsed cryptocurrency exchange is limited in Hong Kong, where it was founded, thanks to the regulations it described as ‘hostile’ and outdated.
The platform aims to help organisations verify the credibility of cross-order data based on the blockchain, enhancing smooth data flows across Greater Bay Area.
The Climate transition, wealth management and digitalisation of the financial sector will be among key drivers of Asia’s economy, a conference organised by BIS and the HKMA heard on Tuesday.
As part of the three-month experiment slated for late 2024, selected individuals can buy goods with the country’s central bank digital currency instead of using government vouchers.
OKX, the world’s third-largest crypto exchange, is the seventh applicant under Hong Kong’s virtual asset licensing regime, a day after Futu-affiliated PantherTrade also applied.
As online scams and money laundering proliferate, China must develop its methods for cracking down on financial crimes or risk losing massive sums, a central bank official has advised.
Ant CEO says the fintech group is doubling down on global expansion and working with partners to support growth in four areas – travel, trade, technology and talent.
Ant Group, the fintech affiliate of e-commerce giant Alibaba, announced a new global expansion strategy on Tuesday, as it doubles down on the overseas market via a new office in Singapore.
Users of digital wallets from China Mobile, China Telecom and China Unicom can now make payments by scanning WeChat QR codes, in Tencent’s latest effort to improve interoperability of tech services under Beijing’s directive.
Financial regulators from mainland China, Hong Kong and Macau have proposed to undertake stronger collaboration between the three jurisdictions to promote fintech in the Greater Bay Area.
Fintech start-up OneDegree’s optimistic projection stems from the positive performance of the company’s household pet and digital-asset insurance operations.
China’s vice-premier He Lifeng highlighted Hong Kong’s role as a financial powerhouse and its importance as a link between mainland China and the rest of the world, as global financial executives gathered in Hong Kong to explore investment opportunities in the world’s second-largest economy.
The first ApeFest outside New York drew thousands of people from 60 countries, with support from the Hong Kong government, according to Yuga Labs.
The HKMA hosted 300 global bankers at the Palace Museum in the lead up to the second edition of its Global Financial Leaders’ Investment Summit, which takes place over the next two days.
From its role in Hong Kong’s transition from British colony to China’s special administrative region, the HKMA is now carving out a place as a leader in fintech, financial regulations and green finance.
China’s small business owners have welcomed the rise of financial platforms more suited to their needs, but those platforms’ attendant risk has made them something of a liability for a risk-averse government. Will they be able to survive an inevitable round of intense regulatory scrutiny?
Finance chief also says external factors, such as high interest rates and financial market performance, have constrained strength of rebound in local consumption.
Wonder, a subsidiary of Bindo Labs, is determined to put its system, which accepts forms of payment including Visa, Mastercard, Alipay and UnionPay, into 10,000 taxis in a year’s time.
Hong Kong officials tout new use cases for blockchain technology at city’s FinTech Week as the SFC unveils new rules for retail access to tokenised securities.
The finance industry should embrace tokenisation along with other new technologies that can help improve business efficiency, but such launches should be made in a controlled environment to manage risks effectively, according to industry leaders at FinTech Week.
Digital payment systems developed by Hong Kong and Thailand will be ready for use in the two jurisdictions from early next month, eliminating the hassle for travellers wanting to exchange currencies.
The HashKey Exchange app went live on Wednesday, making it Hong Kong’s first licensed exchange to offer retail trading of bitcoin and ether on mobile.
Under a deal with Neom Company, a Saudi Vision 2030 smart city project, Animoca aims to ‘nurture the local Web3 ecosystem’ amid closer ties between Hong Kong and Saudi Arabia.
From the client-facing hedge fund guys with their expensive suits and designer shoes to tech bros in polo shirts and sneakers, here’s how to identify Hong Kong’s finance bros by their outfits.
Use of virtual banks by residents and small businesses has picked up in Hong Kong, with customers gravitating towards such lenders because of their efficiency and convenience, industry body Hong Kong Association of Banks said on Monday.
The e-HKD, Hong Kong’s central bank digital currency, could help to settle payments quicker and be more cost effective for businesses, a pilot trial has shown.
Major Web3 events in Hong Kong have been focusing more on Web3 usability and use cases like identification, content ownership and video gaming.
HKVAEX, founded last December, shares technical and other resources with Binance, which has routinely participated in public events with the exchange this year.
The development of a green fintech ecosystem in the Asia-Pacific region requires a standardised sustainability reporting framework and regional collaboration, according to an industry report.
The moves come as the city’s regulators promote cross-sector fintech development and the city’s eight virtual banks quest to become profitable.