Hong Kong - page 3

News

Hong Kong Property Stocks Demonstrate Growth

In Hong Kong, an increase in the share price of local developers was recorded after Financial Secretary Paul Chan announced the cancellation of measures to cool property as part of efforts to normalize the state of affairs in the real estate sector, which found itself in a difficult situation amid the impact of negative factors […]

Finance & Economics

HSBC to Improve Ties With Hong Kong Unit

HSBC intends to tighten risk management in its Hong Kong unit Hang Seng Bank.

Blockchain & Crypto

Spot Bitcoin ETF Application Registered in Hong Kong

Following the approval of several spot Bitcoin ETF applications in the U.S., regulators in Hong Kong see the first financial institutions trying to jump on the crypto ETF bandwagon.

News

Goldman Sachs Increases Loan Facility to Hong Kong Fintech Firm FundPark

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.

News

Hong Kong Proposes New Regulatory Regime for Stablecoin Issuers

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.

News

Ant Group Partners PayNet for Cross-Border Digital Payments

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

News

Israel and Hong Kong Finish Retail CBDC Test

Project Sela leveraged the diverse experience of the central banks of Israel and Hong Kong to create a retail central bank digital currency (CBDC)

Fintech & Ecommerce

HK Virtual Insurer OneDegree Raises $27 Million in Funding Round

Virtual insurance company OneDegree Hong Kong announced the raising of investment funds, the amount of which amounted to $27 million.

News

Bank of China Investment Arm Issues Tokenised Notes

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

Science & Technology

Google, Microsoft and OpenAI Limit AI Tools in Hong Kong

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.

News

HSBC Launches ESG Index

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.

Finance & Economics

UAE and Hong Kong Strengthen Financial Cooperation

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

Fintech & Ecommerce

HSBC Hong Kong Debuts POS Financing for B2B Sales

The Hong Kong division of the banking giant HSBC has announced the launch of a B2B transaction financing tool.

News

ByteDance Co-Founder Sets Up New Venture Firm in Hong Kong

Co-founder of ByteDance Ltd. Zhang Yiming founded a company specializing in investment activities in Hong Kong.

Blockchain & Crypto

Hong Kong Securities Regulator Starts Accepting License Applications from Crypto Exchanges

Applications for crypto trading platform licenses in Hong Kong will start being accepted on June 1, as soon as existing guidelines are officially updated

Fintech & Ecommerce

Jack Ma-Backed Ant Weighs Introduces Investor in HK Bank Unit

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.