Tagged: hong kong

LendIt China July 9th 2017 – Journal Entry: AMTD + LendIt: Fintech, The 4th Industrial Revolution.

Hong Kong AMTD-LendIt Conference officially kicked off today in one of the most metropolitan cities in the world, Hong Kong, China. This town, considered as one of the busiest financial centers of the world is now on the brink of another step in this city’s… Read More

Stripe Launches in Hong Kong & Announces Partnership With WeChat & Alipay

On Monday, Stripe announced it is officially launching its services in Hong Kong. The payments startup revealed that local companies can now access the full Stripe features such as Stripe Radar, Connect with Custom accounts, and 3D Secure support. “While in preview, we’ve been able to work with many of the fastest-growing… Read More

LendIt China Journal July 8th 2017: dv01, LendIt 2017, GoodAI.Capital

After an exhausting flight from LAX to Hong Kong, I was greeted by friendly staff at LendIt China, also known as Lang Di Conference, at one of the busiest airports in the world. The amount of logistics communication from Bo Brustkern, Chairman at Lang Di… Read More

China: WeiyangX Fintech Review

Ant Financial Brings Artificial Intelligence to Auto Insurance On June 27th, The Alibaba Group financial affiliate rolled out an artificial intelligence-driven, image-recognition system to aid vehicle insurance claims adjusters in operating faster and more efficiently. In its demonstration in Beijing, Ant pitted man against machine,… Read More

Hong Kong Resurgence: Asian Financial Center Targets Fintech Dominance

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

I MOU You: Qianhai Authority & FSRA of Abu Dhabi Global Market Enter Partnership

The Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Authority) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) entered into a new partnership to further develop and promote closer investment and financial innovation opportunities and collaborations for… Read More

FinTech Association of Hong Kong Launches to Advocate & Promote Innovations in Finance

Yesterday there was a well attended event in Hong Kong to announce the launch of the FinTech Association of Hong Kong (FTAHK). The FTAHK is an independent, not-for-profit, member-driven organisation that is now the voice of the Fintech community in Hong Kong. Members range from Fintech… Read More

China: WeiyangX Fintech Review

Chinese Retailer Suning Launches Private Internet Bank Jiangsu Suning Bank Co., Ltd., a private online bank backed by Suning Commerce Group Co., Ltd., officially launched last Friday. Like many of its peers, Suning Bank aims to create an online-to-offline bank driven by technology and taking… Read More

Credit Insurance Meets Fintech: Hong Kong’s Atradius Launches New Digital Platform

Hong Kong-based credit insurance provider Atradius announced on Thursday the launch of its new digital fintech platform, Atrium. The company describes the portal as an innovative tool that provides customers and distribution partners with real-time data to better understand buyers, credit limits, and risks a… Read More

Hong Kong Ratchets Up Fintech Relevance as it Seeks Regional Dominance

Hong Kong is slowing gaining speed in Fintech relevance. After several years of watching more than doing, Hong Kong appears to be poised to challenge Singapore and other regional players for relevance in the Fintech sector. Point in note is the fact that Hong Kong… Read More

OurCrowd and China Based P3 Innovation Partner to Fund Early Stage Deals

Leading global equity crowdfunding platform OurCrowd has recently formed a new partnership with P3 Innovation, part of Pico Far East Holdings Limited.  Founded in 2016, P3 Innovation is a strategic platform founded by the Pico Group that is located in Pico Creative Centre in Shanghai’s Jiading… Read More

Hong Kong Monetary Authority Looks to Boost Fintech Relationships with China

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

China: WeiyangX Fintech Review

Chinese Tech Giant Baidu to Quit Crowdfunding Market Search engine giant Baidu Inc. is to quit crowdfunding market and pay more attention on artificial intelligence”]. Users will not see the “Baidu Crowdfunding” channel when they log in their Baidu Finance account, but will still be… Read More

Invoice Trading Platform Qupital Receives $2 Million in Seed Funding Led By Alibaba Entrepreneurs Fund & MindWorks Ventures

Qupital, an online invoice discounting exchange, has received $2 million in seed funding led by Alibaba Entrepreneurs Fund and MindWorks Ventures. Several other VCs participated including DRL Capital and Aria Group. Alibaba Entrepreneurs Fund is a not-for-profit initiative launched by Alibaba Group in 2015 to help… Read More

Chinese P2P Lender Dianrong Links with Maggie Ng to Launch Global Fintech Marketplace

Chinese P2P lender Dianrong announced a new technology agreement with Maggie Ng, a leading consumer banking executive in Asia Pacific, to launch a global fintech marketplace connecting Asian investors with high-quality, low-volatility and largely untapped asset classes, including U.S. consumer lending. Founded in 2012, Dianrong originates… Read More

Hong Kong Financial Services Development Council Publishes Report on Blockchain

As part of a broader initiative to encourage Fintech innovation, the Financial Services Development Council of Hong Kong has published a report on Distributed Ledger Technology (DLT) or Blockchain. Recently, we shared a report on Fintech in which the FSDC chastised officials for not moving… Read More

Hong Kong Report on Status of Fintech

Hong Kong has been sizing up the Fintech sector of finance for awhile now. But while Hong Kong is a regional financial powerhouse, when it comes to Fintech innovation they have ceded ground to Singapore.  Yet authorities recognize that Fintech has the potential to deliver… Read More

Alibaba Invests In Its First Fintech Company In Hong Kong

As reported by Forbes today, Alibaba has invested in online invoice exchange marketplace Qupital, marking the Chinese e-commerce giant’s first foray into fintech investment in Hong Kong. Qupital raised a total of $2 million in its seed round. Accounts Receivable Marketplace Qupital bills itself as Hong Kong’s… Read More

Sun Hung Kai Seeks to Expand its Investments to US $2 Billion Focusing on Fintech

According to an article in Bloomberg, Hong Kong-based financial investment and services firm, Sun Hung Kai & Co., intends to expand its principal investments portfolio to over US $2 billion with an emphasis on investing in fintech. The firm currently has about US $1.4 billion… Read More

FCA Inks Fintech Cooperation Agreement with Hong Kong

The Financial Conduct Authority (FCA) has signed a co-operation agreement with the Securities and Futures Commission (SFC) in Hong Kong. The intent of the agreement is to encourage collaboration that supports Fintech innovation. According to the document, the FCA and SFC will co-operate on information… Read More