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.
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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.
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.
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
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)
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.
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
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.
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.
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
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.
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.
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
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.
Hong Kong Considers Cryptocurrencies as Property
The recent ruling of a Hong Kong court suggested that cryptocurrencies have property attributes, giving local insolvency practitioners greater clarity in terms of digital assets
HSBC Grants Its First Green Loan in Hong Kong
HSBC Bank has granted its first green loan to a climate-mitigation technology firm based in Hong Kong. The borrower is fighting global warming with emissions reduction projects on the construction sites
