Tagged: hong kong

July 28, 2020 @ 2:07 pm By Samantha Hurst  |  

Deutsche Bank announced on Monday it will enable global fintech Airwallex to provide virtual account collections and API-enabled foreign exchange services in Japan and Hong Kong. According to Deutsche Bank, the solution will further allow Airwallex to seamlessly process and convert cross-border payments made to… Read More

July 28, 2020 @ 10:02 am By Samantha Hurst  |  

Alibaba Hong Kong Entrepreneurs Fund announced on Tuesday it has kicked off its annual signature startup event, JUMPSTARTER 2021 Global Pitch Competition, with an online focus to ensure safe participation for all contestants during the COVID-19 pandemic.  JUMPSTARTER 2021 is now open for applications, with… Read More

July 27, 2020 @ 11:49 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has distributed a letter asking “authorized firms” to support the development of regulatory technology or Regtech. The HKMA says its ultimate objective is to inspire firms like banks to adopt Regtech to enhance the effectiveness of their risk management… Read More

July 22, 2020 @ 9:17 am By JD Alois  |  

Similar to just about every other annual event, InvestHK transitioned to a virtual event for this year’s StartmeupHK Festival. According to a release by the organizers, the event went quite well as it apparently attracted over 181,000 attendees in the midst of the COVID-19 health… Read More

July 20, 2020 @ 9:05 am By JD Alois  |  

Ant Group (formerly Ant Financial) plans to execute concurrent listing on Shanghai Stock Exchange’s STAR market and The Stock Exchange of Hong Kong, according to a company release. The news of a pending initial public offering (IPO) was previously reported as word of the listing… Read More

July 18, 2020 @ 6:43 pm By Omar Faridi  |  

The Fintech Association of Hong Kong (FTAHK), an independent, not-for-profit, membership-based association representing Hong Kong’s Fintech community, has reportedly appointed Benjamin Quinlan as its new Chairman. Quinlan will be expected to lead the next stage of the Association’s mission which involves supporting the growth of… Read More

July 16, 2020 @ 9:53 pm By Omar Faridi  |  

HSBC, a British multinational bank and financial services holding company with over $2.5 trillion in total assets, has partnered with the Hong Kong Science and Technology Parks Corporation (HKSTP) in order to assist startups with their Open Banking programs (in Hong Kong). The API EcoBooster… Read More

July 6, 2020 @ 10:45 pm By Omar Faridi  |  

Currency.com, a regulated digital assets platform, has reportedly been awarded a new distributed ledger technology (DLT) license by the Gibraltar Financial Services Commission (GFSC). As mentioned in a release shared with Crowdfund Insider: “The license allows [Currency.com] to use DLT for storing or transmitting value… Read More

July 5, 2020 @ 8:00 pm By JD Alois  |  

Hong Kong as jurisdiction was slow out of the gate when it came to Fintech innovation. But this initial hesitancy was soon made up by a dedicated public-private partnership determined to establish Hong Kong as a top Fintech hub – a successful move. InvestHK, a… Read More

July 3, 2020 @ 1:54 pm By Omar Faridi  |  

JD Digits, the Fintech-focused division of Chinese online marketplace JD.com, is reportedly planning to conduct an initial public offering (IPO) at China’s STAR Market, which is based in Shanghai. This, according to a filing submitted by several securities companies. As first reported by TechNode, the… Read More

June 29, 2020 @ 10:47 am By Omar Faridi  |  

The Hong Kong operated Bitcoin Mercantile Exchange (BitMEX), the world’s largest cryptocurrency derivatives trading platform, is introducing a program that will reportedly offer special benefits to corporate clients – which may include improved security and accounting services. As mentioned on BitMEX’s website: “The BitMEX Corporate… Read More

June 27, 2020 @ 11:22 am By Omar Faridi  |  

Chinese firm Ebang, a leading developer of cryptocurrency mining hardware, confirmed on June 26, 2020, that it had been listed on the Nasdaq Global Market (under the EBON ticker). Notably, Ebang is only the second Bitcoin mining equipment manufacturer to go public on a US… Read More

June 24, 2020 @ 4:24 pm By Samantha Hurst  |  

Qupital, a Hong Kong-based trade finance platform, announced on Wednesday it has entered into an agreement with leading global e-commerce platform eBay as one of its officially recommended Hong Kong financing service providers. According to Qupital, the collaboration will enable the Asian fintech to provide “quality,… Read More

June 23, 2020 @ 11:22 am By Samantha Hurst  |  

Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318; SSE:601318) announced on Tuesday that Hong Kong Securities and Futures Commission (SFC) has granted Lu International (Hong Kong) Limited (LUI HK), a subsidiary of Lufax Holding (“Lufax“), a Type 1 (Dealing in Securities) license. Ping An Insurance… Read More

June 19, 2020 @ 2:56 pm By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced On Thursday it has rolled out significant infrastructure upgrades to its Exchange, including a revamped Matching Engine, OMS (Order Management System), and unified REST and Websocket API. According to Crypto.com, the update will lead to a ten times increase… Read More

June 19, 2020 @ 12:30 am By Omar Faridi  |  

Asia’s Fintech industry has been negatively affected due to socio-economic challenges resulting from the COVID-19 outbreak. There’s reportedly been a significant decline in the number of financial technology deals closed. The amount of venture capital acquired by Fintechs in the Asia-Pacific (APAC) region dropped 58.5%… Read More

June 16, 2020 @ 8:28 am By Omar Faridi  |  

The developers and management TikTok, a leading Chinese video-sharing social network, are reportedly branching out into the financial services sector with the owners of the Oversea-Chinese Banking Corporation, Limited (OCBC) Bank (SGX: O39), a multinational banking and financial services corporation. Beijing-based ByteDance, a Chinese multinational… Read More

June 15, 2020 @ 11:52 pm By Omar Faridi  |  

Many developing and developed countries across the globe are considering or already developing and testing their own central bank digital currencies (CBDCs). China might be creating an East Asia virtual currency platform, according to a report from the Nikkei Asian Review. The new currency might… Read More

June 10, 2020 @ 1:52 pm By Samantha Hurst  |  

Airwallex, an Australia-based fintech company, recently announced it has launched a new payment acceptance service in Australia, Hong Kong, and Singapore with WeChat Pay. The company reported that the service is allowing merchants to add WeChat Pay as an additional payment option on the e-commerce… Read More

June 10, 2020 @ 7:30 am By JD Alois  |  

​Hack.Asia​, hosted by WHub and ​powered by Jardines, will be taking place from 6-8 July 2020​, as part of this year’s Startup Impact Summit (7-8 July 2020) and StartmeupHK Festival 2020. WHub is Hong Kong’s largest startup community. Hack.Asia, launched in 2019 by Jardines, is… Read More