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Fintech

Fintech
Stories about how technology is used to enhance financial services, covering banking and securities
DreamSmart Group’s AI-powered StarV Air2 eyewear will offer mobile payments functionality from the third quarter this year. Photo: SCMP
Artificial intelligence

Geely-owned DreamSmart to push mobile payments via AI smart glasses

DreamSmart is working with Ant International to enable mobile payments for users of its StarV Air2 eyewear.

Hong Kong Monetary Authority (HKMA)

HKMA to help banks assess firms for trade financing by using cargo data

Digital currencies

Hong Kong ranks as second-most crypto-friendly city in the world in new index

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Hong Kong science and tech

Hong Kong, Zhejiang to boost links in 13 key areas including AI, smart cities

City leader John Lee also calls on entrepreneurs of Ningbo descent to invest in border innovation hub.

Hong Kong leader John Lee (standing second from left) at the signing ceremony with Zhejiang province officials. Photo: Handout
Mobile payments

Digital wallets are finally taking hold in Hong Kong, report shows

A survey found that 42 per cent of Hongkongers use Alipay and 22 per cent use Apple Pay, but credit cards are likely to remain relevant.

Banking & finance

HKIC backs fintech unicorn WeLab to bring Hong Kong start-ups to Southeast Asia

The Hong Kong government’s investment arm has acquired an unspecified stake in the Li Ka-shing-backed consumer finance company.

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Hong Kong economy

Editorial | HKEX must press ahead with board-lot reform

Lifting restrictions would boost liquidity, encourage turnover and give smaller retail investors greater choice.

The HKEX logo is seen outside its offices in Hong Kong. Photo: Reuters
Banking & finance

Hong Kong’s finance sector embraces GenAI, with adoption to reach 90% in 5 years

GenAI applications have the potential to lead to a more curated customer experience, Academy of Finance CEO Enoch Fung says.

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Ant Group

Ant Group’s tech unit picks Hong Kong for global headquarters amid AI, Web3 push

Ant Digital Technologies said it was choosing the city to reaffirm its commitment to AI and blockchain technologies, a recent focus for Hong Kong.

Cryptocurrency

Bitcoin, ether rout extends as tariff war pain batters cryptocurrency assets

Cryptocurrency investors appear to be in full ‘sell mode’, according BTC Markets analyst Charlie Sherry.

About US$758 million worth of cryptocurrency wagers were liquidated in the past 24 hours, the most in nearly six weeks, according to Coinglass data. Photo: Shutterstock
Banking & finance

Hong Kong online broker Futu launches DeepSeek-powered tools

Firm joins around 20 Chinese brokers and fund managers, including Sinolink Securities and CICC Wealth Management, in embracing DeepSeek.

A Futu Securities branch in Causeway Bay, Hong Kong, is pictured on October 18, 2024. Photo: Jonathan Wong
Blockchain

Hong Kong lawmaker calls for support of Web3 sector as Tron founder flags fraud

The call comes after cryptocurrency mogul Justin Sun denounced alleged ‘loopholes’ in Hong Kong’s trust regulations.

Artificial intelligence

Hong Kong crypto firm HashKey jumps on AI bandwagon, joining Web3 players

HashKey’s first AI product is designed for content moderation, but it envisions a future of AI agents trading on blockchain on behalf of users.

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Cryptocurrency

Bitcoin, other cryptocurrencies succumb to risk-asset slump amid Trump tariffs

For bitcoin, which fell as much as 4 per cent to about US$82,000 on Thursday, US$80,000 is a ‘must-hold’ level, cryptocurrency analysts say.

Bitcoin and other cryptocurrencies have generally traded poorly during periods of volatility, such as the introduction of trade tariffs. Photo: Shutterstock
Cryptocurrency

US cryptocurrency exchange Coinbase sees worst quarter since FTX collapse

Nearly every major firm linked to cryptocurrencies were hammered this quarter, as concerns about the US economy weighed on digital assets.

Shares of US cryptocurrency exchange Coinbase fell 31 per cent in its worst quarterly performance since FTX collapsed near the end of 2022. Photo: Shutterstock
Pakistan

Opinion | How tech innovation can bolster Pakistan’s relationship with China

Pakistan’s start-up ecosystem is set to flourish and collaboration with China in areas such as agritech and fintech can boost growth and prosperity.

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Science

How AI revolution at a Chinese coal mine is making profits soar

China’s Dahaize Mine is rewriting the playbook on how a coalfield operates as automation takes centre stage.

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Banking & finance

Venture-capital club expands to Hong Kong, plans US$250m fund

London Technology Club opens in the city with a focus on fast-scaling companies in AI, fintech.

A view of Victoria Harbour taken from Hong Kong Observation Deck in Sky 100, West Kowloon, on February 27, 2025. Photo: Sam Tsang
Banking & finance

Hong Kong to get world’s first tokenised money-market ETFs from Bosera, HashKey

Bosera HKD Money Market ETF and USD Money Market ETF, which have been approved by the SFC, are set to launch in April.

Artificial intelligence

Ant Group’s use of local GPUs, not Nvidia, cuts AI model training costs by 20%

The fintech affiliate of Alibaba said its Ling-Plus-Base model can be ‘effectively trained on lower-performance devices’.

Singapore

Trump outsources ‘Made-in-America’ investments to Singapore crypto firm

The US president’s Trump Media & Technology Group says it plans to work with Singapore-based Crypto.com on exchange-traded funds.

US President Donald Trump attends the “White House Crypto Summit” in Washington on March 7. Photo: Reuters
Banking & finance

Exclusive | Chelsea owner Todd Boehly eyes Hong Kong and Macau for new ventures

The American tycoon spots potential for fintech, sports and entertainment expansion in Hong Kong and Macau.

Todd Boehly, who has a stake in many sports teams, is bullish on Hong Kong and Macau. Photo: Chelsea FC via Getty Images
Banking & finance

Hong Kong widens lead over Singapore as Asia’s top financial centre: report

Nine of the top 20 global centres maintained their ranking, suggesting confidence in the financial sector amid slow economic growth.

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Cryptocurrency

Most memecoins will end up ‘worthless’, Ark Investment CEO Cathie Wood says

Wood pointed out that some of these digital tokens will ‘withstand the judgment of time’, and Donald Trump’s memecoin may be one of them.

North Korea

North Korea is rolling in bitcoin. Only the US and UK have more

A major breach of Dubai-based trading platform Bybit last month netted hackers believed to be backed by Pyongyang US$1.5 billion in tokens.

Souvenir tokens representing bitcoin are seen at an industry event in Hong Kong. Photo: AFP
Tencent

Tencent chases Chinese tourists in Singapore with Sentosa deal

As Chinese travellers return to Southeast Asia, Weixin Pay has struck a partnership with Singapore’s top resort island.

Resort World Sentosa in Singapore. Photo: AFP
Artificial intelligence

Opinion | AI is no longer a mere investment, but a matter of sovereignty

As the US-China race for primacy in artificial intelligence heats up, nations must boost their capabilities or fall behind in the global divide.

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Wealth management

Hong Kong finance chief sees US$20 billion of IPOs this year on tech optimism

Companies could raise between US$17 billion and US$20 billion this year, Paul Chan tells tech forum.

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