Hong Kong-based fintech startup FundPark, which specializes in providing trade finance to small and medium-sized enterprises, announced that it managed to raise $500 million from Goldman Sachs.
In Hong Kong, local financial authorities have proposed to develop and implement new regulatory rules for issuers of stablecoins, which can be described as a reaction to ongoing changes in the sphere of virtual assets.
Experts suggest that the growth rate of the Hong Kong economy this year and in 2024 will be less intense than initially expected.
Travellers with Ant Group’s Alipay+ partner e-wallets from China, Hong Kong, Philippines, Mongolia, Macau, Japan, South Korea and Thailand can now make QR payments at over 1.8 million PayNet’s DuitNow touchpoints across Malaysia
Project Sela leveraged the diverse experience of the central banks of Israel and Hong Kong to create a retail central bank digital currency (CBDC)
Virtual insurance company OneDegree Hong Kong announced the raising of investment funds, the amount of which amounted to $27 million.
The new tokenised notes are the first product of its kind not only in China but also the whole Asia Pacific region constituted under Hong Kong and Swiss laws and tokenised on the main Ethereum blockchain
While the Western world is discussing the regulation of stablecoins, Hong Kong is taking concrete measures to create a regulatory framework for the process of using cryptocurrency, which is tied to traditional financial assets.
Big Tech of the USA applies the practice of blocking access to chatbots based on artificial intelligence to Hong Kong residents, as reported by the media.
HSBC has launched a global index that uses artificial intelligence to assess the improvement of the company’s ESG indicators and their potential in terms of the possibility of influencing the growth of financial dynamics.
The Central Banks of the United Arab Emirates (UAE) and Hong Kong held a bilateral meeting to enhance collaboration between the two financial services sectors, including cooperation on virtual asset regulations
The Hong Kong Mortgage Corporation Limited (HKMC) successfully completed its first issuance of infrastructure loan-backed securities under the pilot scheme on infrastructure financing securitisation
The Hong Kong division of the banking giant HSBC has announced the launch of a B2B transaction financing tool.
Co-founder of ByteDance Ltd. Zhang Yiming founded a company specializing in investment activities in Hong Kong.
Applications for crypto trading platform licenses in Hong Kong will start being accepted on June 1, as soon as existing guidelines are officially updated
The media, citing informed sources, report that Ant Group Co. is currently exploring the possibility of selling a stake in its virtual banking division in Hong Kong.
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