Tagged: hkma

April 6, 2019 @ 12:37 pm By JD Alois  |  

Late last month, the Hong Kong Monetary Authority (HKMA) announced the issuance of the very first virtual banking licenses. While many jurisdictions around the world are pursuing policies that encourage Fintech innovation and digital banking what was unique about the HKMA’s announcement was the rapidity… Read More

March 30, 2019 @ 4:01 am By Xu Gao  |  

Parent Company of Shuidi Crowdfunding Receives nearly ¥500 million B-round Funding led by Tencent Shuidi, the parent company of Shuidi Crowdfunding and Shuidi Mutual Insurance, announced this week that it had received a nearly ¥500 million B-round financing. This investment was led by Tencent, and… Read More

March 28, 2019 @ 1:49 pm By JD Alois  |  

InvestHK (Invest Hong Kong) commented on the news this week that the Hong Kong Monetary Authority (HKMA) had approved the first three virtual banking licenses. InvestHK’s vision is to strengthen Hong Kong’s status as the leading international business location in Asia. Their mission is to… Read More

March 28, 2019 @ 7:42 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has announced the first three virtual bank licenses. Applications were opened at the end of 2018 as aspiring digital banks moved quickly to complete the process. The HKMA said the three licenses were granted to: Livi VB Limited, SC Digital… Read More

November 3, 2018 @ 11:29 am By Xu Gao  |  

Hong Kong Monetary Authority Launches Blockchain-based Trade Finance Platform TradeConnect The Hong Kong Monetary Authority (hereinafter referred to as the HKMA) announced on October 31st that it had launched a blockchain-based trade finance platform TradeConnect, in order to facilitate cross-border trade and related research. TradeConnect… Read More

October 14, 2018 @ 8:33 pm By JD Alois  |  

Later this month, Hong Kong will host their annual Fintech Week. This year’s event is being billed as the “world’s first” cross-border Fintech event. The multi-faceted conference will straddle Honk Kong and Shenzen – the relatively new metropolis that links Hong Kong to China’s mainland. Macao… Read More

September 9, 2018 @ 3:13 pm By JD Alois  |  

Multiple reports have indicated that 29 firms have made the cutoff for the first batch of virtual banking licenses in Hong Kong. Announced in September 2017, the push for digital banks in Hong Kong was designed to “bring Hong Kong into a New Era of… Read More

June 30, 2018 @ 9:59 am By Cali Haan  |  

The Hong Kong Monetary Authority (HKMA) announced June 26th that it has signed a Fintech agreement with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), “to enhance collaboration between the two authorities with a view to encouraging and enabling innovation in… Read More

June 2, 2018 @ 11:52 am By Xu Gao  |  

International Tuition Payment Platform Easy Transfer Receives Tens of Million Yuan in Series A Financing This week, Easy Transfer announced that it has won tens of millions yuan in Series A financing, which was led by Zhen Fund and followed by IDG Capital. It is… Read More

February 10, 2018 @ 8:03 am By Xu Gao  |  

WeChat Bans 1,000+ “Cash Loans” Mini Programs On February 6, WeChat released an official announcement about its ongoing move to clear up illegal mini programs (or mini apps) on its platform. According to the announcement, WeChat has permanently banned over 1000 “cash loans” mini programs… Read More

December 7, 2017 @ 9:41 pm By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) and the Dubai Financial Services Authority (DFSA) have signed a Fintech Co-operation Agreement today to boost collaboration between the two regulatory authorities, with a view to facilitating financial innovation in the two jurisdictions. The Co-operation Agreement was signed by… Read More

December 3, 2017 @ 10:57 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has launched a “Fintech Supervisory Chatroom” designed to provide regulatory feedback to Fintech firms and authorized institutions. This is part of Hong Kong’s push to become the leading Fintech hub in Asia and part of their young Fintech Sandbox… Read More

October 25, 2017 @ 7:28 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) have signed a cooperation agreement to strengthen Fintech ties between the two Asian financial centers. There was a signing ceremony organized by HKMA today in Hong Kong. As part of the Agreement,… Read More

July 5, 2017 @ 1:26 pm By JD Alois  |  

A Discussion with Charles d’Haussy, Head of Fintech, InvestHK. Hong Kong has been a definitive leader in global finance and trade for many decades. Yet when it comes to Fintech, embracing financial innovation has been slower than some other centers of alternative finance. But recently Hong… Read More

June 8, 2017 @ 1:45 pm By JD Alois  |  

Norman Chan, Chief Executive of the Hong Kong Monetary Authority (HKMA), visited the Office of Financial Development Service, the People’s Government of Shenzhen Municipality (OFDS) last week to “keep abreast of the applications and latest developments of fintech in Shenzhen.” The meeting was also an… Read More

December 28, 2016 @ 9:04 am By Samantha Hurst  |  

The Hong Kong Monetary Authority (HKMA) recently announced it has teamed up with the Applied Science and Technology Research Institute (ASTRI) to launch the Fintech Career Accelerator Scheme (FCAS) to meet the growing needs of the fintech industry in Hong Kong. According to both of… Read More