Tagged: hong kong

March 3, 2024 @ 8:50 pm By Michael Wong  |  

The Hong Kong Green Week – Finance Stream concluded Friday, marking the end of a series of sustainability-themed events that drew more than 1,600 participants from almost 30 jurisdictions worldwide. The week-long initiative brought together a diverse group of stakeholders, including financial institutions, corporates, central… Read More

February 18, 2024 @ 7:20 pm By Michael Wong  |  

In the latest credit card lending survey released by the Hong Kong Monetary Authority (HKMA), figures for the fourth quarter of 2023 showed a significant uptick in credit card usage among Hong Kong residents. Total card receivables soared by 8.5% to HK$160.1 billion at the… Read More

February 11, 2024 @ 9:04 am By Michael Wong  |  

The Government of the Hong Kong Special Administrative Region (HKSAR) announced the successful issuance of approximately HK$6 billion in digital green bonds, marking a significant advancement in the integration of fintech and green finance. This initiative, part of the HKSAR Government’s Green Bond Programme, is… Read More

February 9, 2024 @ 1:45 pm By Omar Faridi  |  

UBS AG (NYSE:UBS) announced the launch of Hong Kong’s investment-grade tokenized warrant on the Ethereum public blockchain network. This innovative product utilizes the on-chain issuance product framework “offered by UBS Tokenize, the bank’s in-house tokenization service.” The product is a call warrant with Xiaomi Corporation… Read More

February 4, 2024 @ 6:05 pm By Michael Wong  |  

FundPark, a Hong Kong-based Fintech, has announced the completion of an asset-backed securitization facility amounting to up to $500 million. The arrangement was facilitated by Goldman Sachs, serving as the arranger and senior lender, marking a notable expansion of FundPark’s financial capabilities, according to the… Read More

February 4, 2024 @ 1:15 pm By Omar Faridi  |  

The team at CoinGecko reveals in an extensive report that there are around $5.7B worth of assets in Ethereum ETFs, which is being led by Europe with an 81% share. XBT Ethereum Tracker One (COINETH) is reportedly “the global top Ethereum exchange-traded fund (ETF), with… Read More

January 24, 2024 @ 12:19 pm By Omar Faridi  |  

HashKey Group, an end-to-end digital asset financial services group in Asia, and OKX, a global Web3 technology company and crypto exchange, announced plans to “create a partnership to promote compliant virtual asset innovation and industry development in Hong Kong.” The planned collaboration is to “include… Read More

January 18, 2024 @ 9:40 am By JD Alois  |  

Deepfakes are a growing concern. As technology improves and AI services proliferate, it is getting easier for bad actors to create completely bogus content that intends to dupe the unsuspecting. Today, the Hong Kong Monetary Authority (HKMA) has issued a warning to the public to… Read More

January 17, 2024 @ 9:16 pm By Omar Faridi  |  

HashKey Group, a digital asset financial services group in Asia, announced the completion of a Series A financing round of nearly $100 million at a pre-money valuation above $1.2 billion. In addition to the participation and commitment of existing shareholders, this financing round attracted new… Read More

December 27, 2023 @ 10:09 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) claims that it has had a “busy” and “productive” 2023, marked by the achievement of several significant milestones and the launch of new initiatives. This included the opening of new offices “in New York and London, strategically positioning… Read More

December 27, 2023 @ 9:51 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has kicked off a public consultation on the issuance of stablecoins. Stablecoins are digital assets that are referenced to other assets. Typically affiliated with fiat currency, stablecoins may also be paired with other assets such as gold. Today, most… Read More

December 23, 2023 @ 3:26 am By Omar Faridi  |  

The Securities and Futures Commission (SFC) in Hong Kong warned the public to beware of entities operating under the names of “LonShiX” and “Bitbank (Global) Financial Holding Group,” suspected of “engaging in fraudulent activities purporting to be related to virtual assets.” The SFC notes that… Read More

December 19, 2023 @ 11:58 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce it has signed a Memorandum of Understanding (MOU) with the People’s Government of Heilongjiang Province (Heilongjiang Government) to “strengthen cooperation and to support listings of Heilongjiang companies on Hong Kong’s equities market.” Under the… Read More

December 16, 2023 @ 12:22 pm By Michael Wong  |  

OneDegree, a Hong Kong-based insurer specializing in digital assets, has formed a strategic alliance with Dubai Insurance Company to introduce digital asset insurance in the United Arab Emirates (UAE). This partnership includes Dubai Insurance’s investment in OneDegree’s Series B funding round. The collaboration aims to… Read More

December 10, 2023 @ 8:05 pm By Omar Faridi  |  

In the bustling financial landscape of Hong Kong, Asia Win Inc Limited, under Owen Huang’s leadership, introduced GUGU in June 2020. GUGU is not just a financial platform; it’s a mission-driven venture committed “to breaking down barriers for Asian investors looking to enter the US… Read More

November 30, 2023 @ 4:33 am By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to welcome the listing of Asia Pacific’s first ETF to “track Saudi Arabian equities – the CSOP Saudi Arabia ETF (Stock code: 2830 / 82830).” This ETF, which tracks the FTSE Saudi Arabia Index, “provides investors… Read More

November 28, 2023 @ 9:40 am By JD Alois  |  

Tokenization or turning an asset into a “digital asset” or digital security makes a lot of sense. By leveraging technology, an asset can be managed more effectively, comply with regulations and be programmed to automatically perform certain services. Today, most investible assets are heavy on… Read More

November 24, 2023 @ 5:52 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), together with the Hong Kong Association of Banks (HKAB) and the banking sector, support the launch of the Anti-Deception Alliance (ADA) by the Hong Kong Police Force (HKPF). ADA is expected to strengthen the capability of the anti-money laundering… Read More

November 23, 2023 @ 10:27 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) and the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) have announced a significant development in fintech collaboration through the exchange of a Memorandum of Understanding (MoU). This agreement focuses on enhancing cross-border trade-related data… Read More

November 18, 2023 @ 5:46 pm By Michael Wong  |  

BC Technology Group, the digital asset and fintech-focused parent of digital asset platform OSL, has announced raising approximately HK$710 million from crypto group BGX. The deal, which still requires the approval of BC Group’s shareholders, will give BGX a 30% stake in the company. OSL… Read More