Tagged: hong kong

There are Now 550 Fintech Companies based in Hong Kong

Hong Kong may have been slow to join the financial innovation party but what it may have lacked in early awareness has now been made up for in fostering a booming Fintech ecosystem. The private-public partnership that has fueled sector growth continues to drive interest… Read More

FSB Supervising Governor Advises Creation of Global Regulations for Crypto

The Financial Stability Board‘s (FSB) Randal K. Quarles has touched on the need for a global regulatory framework for cryptocurrencies in a speech delivered in Hong Kong February 10th at the Bank for International Settlements Special Governors Meeting. Quarles is the Vice Chairman for Supervision on… Read More

Hong Kong and Ireland Look to Forge Closer Financial Co-Operation Including Fintech

The Hong Kong Secretary for Financial Services and the Treasury, James Lau, is visiting Ireland to foster closer financial co-operation between the two countries. According to a release, Lau met with the Minister of State at the Department of Finance and Public Expenditure and Reform of… Read More

Hang Seng Bank Forms Strategic Alliance with Hong Kong Science and Technology Parks Corporation to Offer New Opportunities For Fintech Companies

Hang Seng Bank (Hang Seng) and Hong Kong Science and Technology Parks Corporation (HKSTP) announced on Thursday they have formed a strategic partnership to accelerate the development and deployment of fintech solutions for the banking sector in Hong Kong. The duo reported that under the partnership they… Read More

Tencent Signs MoU With Hong Kong Science and Technology Parks Corporation to Accelerate R&D development & deployment of Fintech

Hong Kong Science and Technology Parks Corporation (HKSTP) announced on Tuesday it signed a Memorandum of Understanding (MoU) with Tencent to accelerate the R&D development and deployment of Fintech in Hong Kong by using Tencent’s revolutionary and advanced technology capabilities with HKSTP’s infrastructure and vibrant innovation… Read More

Hong Kong Stock Exchange Head Suggests Bitmain Business Model Unsustainable, IPO Unlikely

The rumoured appointment of a new CEO at cryptomining giant Bitmain does not appear to have enhanced the company’s prospects of going public in Hong Kong, South China Morning News reports. Responding generally to media questions about cryptomining firms seeking IPOs in Hong Kong, Charles… Read More

Jumpstarter – Hong Kong

JUMPSTARTER, a not-for-profit initiative by Alibaba Hong Kong Entrepreneurs Fund (the “Fund”), announces launching its second-year startup event in January 2019. Extending the reach and impact of this exciting initiative, startups from anywhere in the world are eligible to apply for this year’s iteration, as… Read More

StartmeupHK Festival – Hong Kong

The StartmeupHK Festival is back! It’s time to celebrate the best of tech innovation, in the world’s most exciting city. This week-long festival is a unique platform for startups, entrepreneurs, investors, industry leaders, students and academics to exchange ideas, make connections and chart a course for… Read More

China: WeiyangX Fintech Review

Tsinghua PBCSF Releases “2018 Global Insurtech Report by Subsector” Early this month, the China Insurance and Pension Research Center of the National Finance Research Institute of Tsinghua University released the “2018 Global Insurtech Report by Subsector“. The report provides case studies of Insurtech companies in… Read More

Denied an IPO in Hong Kong, Cryptominer Manufacturer Canaan Considering New York Listing

Canaan, the second biggest maker of cryptocurrency mining hardware after Bitmain, may be bringing its bid to go public to a New York exchange after being rejected in Hong Kong, Bloomberg reports. The company may be seeking to sell shares on a US exchange in… Read More

What to Expect in Fintech for 2019

Fintech Predictions for 2019. Financial innovation continues to evolve at a rapid pace. Startups launch and shutdown with regularity. Traditional financial firms experiment and partner with more agile firms. It’s all about the digitization of finance where services are ubiquitous and instantaneous – all available… Read More

Investors Sue Crypto Promoter Who Threw Cash Off Hong Kong Highrise

A man arrested for flinging Hong Kong hundred dollar bills ($13 USD) off a local high-rise in December is now being sued by investors who say he duped them out of $3 million dollars, South China Morning News (SCMP) reports. Four investors staged a protest… Read More

Crypto Mining Giant Bitmain and Crypto Exchange Huobi Confirm Layoffs

Bitmain, the world’s largest manufacturer of cryptocurrency mining hardware and largest operator of crypto mining pools, and Huobi, the world’s third-largest cryptocurrency exchange, have both confirmed rumours they will be laying off employees, South China Morning Post (SCMP) reports. The value of global crypto markets has declined by… Read More

Fintech Supercharger Teams Up with Asia Pacific University on Fintech Degree

Hong Kong-based Fintech Supercharger accelerator has partnered with the Asia Pacific University of Technology & Innovation (APU) located in Kuala Lumpur. Starting in the first quarter of 2019, prospective students may enroll for a Bachelor’s in Banking and Finance with a specialism in Fintech. Supercharger says… Read More

China: WeiyangX Fintech Review

Hong Kong Insurance Regulatory Authority Issues First Virtual Insurance License Under Fast Track On December 20th, Hong Kong Insurtech Bowtie announced that it has obtained the first virtual insurance company license issued by the Hong Kong Insurance Authority under Fast Track. Bowtie was founded by… Read More

Alleged Crypto Fraudster Tosses Cash off a Tower in Hong Kong Publicity Stunt

A 24-year-old alleged “scam artist” who characterizes himself as a Robin Hood-type has been arrested in Hong Kong for chucking a torrent of hundred dollar bills off a skyscraper in the Sham Shui Po neighborhood, one of Hong Kong’s poorest, Shanghaiist reports. Videos from the… Read More

Bitmain IPO May Be in Trouble in Hong Kong

The Hong Kong Stock Exchange appears to be reluctant to approve crypto mining giant Bitmain’s application to go public there, possibly because the 2018 bear market is highlighting unreliability in crypto markets. “What they are doing is they are just dragging the case right now,”… Read More

Asian Crypto & Blockchain Information Provider Coinness Announces U.S. Expansion

Coinness, an Asian cryptocurrency and blockchain information provider, announced on Monday it is expanding in the U.S., which the company claims is the home to more than 20 million cryptocurrency investors. Founded in 2017, Coinness stated it is dedicated to an instant inclusive coverage of everything happening… Read More

tZero to Create Commodity Token in Partnership with GSR Capital

Overstock (NASDAQ: OSTK) subsidiary tZERO has been asked by Hong Kong-based private equity firm GSR Capital to develop a smart contract commodity token for the sale of cobalt. GSR Capital is a significant investor in tZero having committed to invest up to $270 million at a… Read More

China: WeiyangX Fintech Review

HKEX Will Introduce Blockchain and AI to Increase Automation HKEX will announce its three-year strategic plan for 2019-2021 early next year. Charles Li, chief executive of HKEX, said that there were still many business procedures in HKEX relying on manpower. In the future, HKEX will… Read More

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