Tech giants’ plans to issue stablecoins in Hong Kong are reportedly on hold, as Chinese authorities instructed them not to proceed with such initiatives, fearing they might undermine state control over financial industry.
By 30 September, Hong Kong was handling almost 300 active IPO filings, a new record, KPMG reports.
WeLab and Google partner to potentially deliver AI-powered financial services to 500 million users by 2032.
Through integration with UATP Ceptor gateway, AsiaPay can reach hundreds of airlines and travel merchants worldwide.
Ant International’s new AI travel companion – Alipay+ Voyager – combines agentic AI capabilities with the convenience of digital wallet payments.
The revolutionary Alipay+ transaction with a payment solution for global e-wallets embedded within Meizu StarV Snap smart glasses is an important milestone for the whole fintech industry.
Envision a future where all the transactions are paperless. For some, it feels like utopia with less theft and more convenience, while others suggest more dystopian scenarios where all your money and assets can be taken away by an evil omnipresent government at any moment. While I, personally, believe truth lies somewhere in between, many […]
This month, HSBC plans to launch an updated mobile app in Hong Kong to offer local consumers what the management of this financial institution characterizes as the most personalized and simplified experience.
In Hong Kong, eight local digital banks intend to expand their wealth management services in the background of favorable results.
MoneyHero customers in Hong Kong can now directly complete their end-to-end car insurance purchase journey on the personal finance aggregation and comparison platform.
ChinaAMC (HK), the Hong Kong arm of Chinese fund house China Asset Management Company, has launched the city’s first tokenised money market fund, which is also available to retail investors.
The Hong Kong government has for the first time answered questions about the use of cryptocurrencies as proof of wealth for an immigration scheme after a local accountant publicly revealed two cases where the respective digital assets were accepted.
Standard Chartered Bank Hong Kong, Animoca Brands, and Hong Kong Telecommunications (HKT) in the framework of a new joint venture will issue Hong Kong dollar-backed stablecoin.
The Hong Kong Monetary Authority (HKMA) has picked ten banks and four technology partners to participate in a project to test several use cases for generative artificial intelligence in the financial services sector.
Hong Kong’s securities regulator on Wednesday, December 18, approved the activities of four cryptocurrency exchanges as part of the city’s latest attempt to maintain its competitiveness during a kind of race for the status of a global center for trading digital assets.
Chinese regulators, including the China Securities Regulatory Commission (CSRC), have reportedly requested top global banks to expedite offshore listings for Chinese companies in Hong Kong in an effort to boost overseas fundraising and revive the economy.
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