Tagged: hong kong

July 22, 2025 @ 11:18 pm By Michael Wong  |  

Sun Life Hong Kong said on Friday it will invest up to $70 million in Bowtie Life Insurance, Hong Kong’s first virtual insurer, to accelerate its growth and strengthen its position in medical insurance and preventive healthcare. The fresh capital injection reinforces Sun Life’s long-standing… Read More

July 21, 2025 @ 8:13 pm By Omar Faridi  |  

Since its inception in 2018, SlowMist has emerged as a global enabler of blockchain security, leveraging cybersecurity expertise to protect the digital assets ecosystem. In a recent announcement, SlowMist unveiled its Stablecoin Risk Management and AML/CFT (Anti-Money Laundering/Countering the Financing of Terrorism) Compliance Security Framework,… Read More

July 14, 2025 @ 11:16 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has issued a public warning after receiving multiple enquiries about fraudulent documents falsely claiming to be issued by the city’s banking regulator. The incident underscores growing concerns over financial scams targeting investors by impersonating official agencies. In a statement,… Read More

July 14, 2025 @ 9:02 am By Omar Faridi  |  

The cryptocurrency industry continues to evolve, with this year bringing significant regulatory advancements, compliance challenges, and persistent threats from scams, according to an update from blockchain intelligence firm Elliptic. Recent developments highlight Hong Kong’s drive to become a global hub for digital assets, the complexities… Read More

July 13, 2025 @ 10:16 pm By Michael Wong  |  

Hong Kong is targeting new banking rules aimed at aligning its regulatory framework with international standards on cryptoasset exposures, as part of efforts to manage financial risks while supporting innovation in the banking sector. The Banking (Capital) (Amendment) Rules 2025, the Banking (Disclosure) (Amendment) Rules 2025… Read More

July 12, 2025 @ 5:54 pm By Michael Wong  |  

Hong Kong’s four financial regulators have teamed up with technology and telecommunications firms to launch the Anti-Scam Consumer Protection Charter 3.0, expanding a year-old initiative that targets a surge in digital fraud against the city’s seven million residents. The Hong Kong Monetary Authority, Securities and… Read More

June 23, 2025 @ 2:22 am By Tony Zerucha  |  

Allfunds Asia and Quinlan & Associates have co-published a thought leadership report that examines the wealthtech landscape in Hong Kong and Singapore and how financial institutions are leveraging wealthtech solutions to capture new market opportunities. Titled Rich Pickings: Unpacking the WealthTech Revolution in Hong Kong… Read More

June 21, 2025 @ 8:27 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) announced the official launch of Payment Connect, a new cross-boundary payment system linking Hong Kong’s Faster Payment System (FPS) and Mainland China’s Internet Banking Payment System (IBPS). The service will go live… Read More

June 20, 2025 @ 9:31 am By Omar Faridi  |  

Airwallex, a global financial platform for modern businesses, announced the full launch of Airwallex Yield in Hong Kong. As the global payments group to receive a licence from the Securities and Futures Commission of Hong Kong (SFC) to provide asset management services, Airwallex is empowering… Read More

June 8, 2025 @ 4:55 pm By Michael Wong  |  

Hong Kong will implement its new Stablecoins Ordinance on August 1, formalizing the city’s regulatory framework for stablecoin-related activities and introducing a licensing regime aimed at strengthening oversight of the fast-growing digital asset sector. The ordinance, which was officially gazetted on May 30, is a… Read More

June 8, 2025 @ 4:52 am By Michael Wong  |  

UBTECH Education, in partnership with the Centre for Information Technology in Education (CITE) under the University of Hong Kong’s Faculty of Education, has formally launched the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) Artificial Intelligence Education Development Initiative. The program is set to transform AI education… Read More

June 3, 2025 @ 8:24 am By Omar Faridi  |  

Ant International announced its collaboration with HSBC on the bank’s new Tokenised Deposit Service in Hong Kong. The service will support treasury management “with real-time, always-on HKD and USD payments between corporate wallets held by a corporate client at HSBC Hong Kong.” The Tokenised Deposit… Read More

June 1, 2025 @ 11:22 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) and the School of Business and Management at the Hong Kong University of Science and Technology (HKUST Business School) have signed a memorandum of understanding (MoU) to jointly advance cybersecurity innovation tailored to the evolving needs of the financial… Read More

May 31, 2025 @ 8:27 pm By Michael Wong  |  

SingWealth Holdings has acquired an insurance brokerage license in the Hong Kong Special Administrative Region, reinforcing its presence in North Asia and expanding its footprint beyond Singapore. The move represents a major step in the company’s strategy to deliver cross-border financial services and deepen its role in… Read More

May 27, 2025 @ 9:45 am By Omar Faridi  |  

On the back of Hong Kong passing the stablecoin bill, Evan Auyang, Group President of Animoca Brands, thinks it signals that this city is doing what few other jurisdictions have achieved: offering stablecoin issuers real, regulatory clarity without stifling innovation. And the timing is telling,… Read More

May 27, 2025 @ 7:55 am By Omar Faridi  |  

In a report titled All Roads Lead to China, TRM Labs, a blockchain intelligence firm, has unveiled the intricate web of Chinese underground banking networks that have emerged as the financial linchpin of global illicit activities. These networks, leveraging both traditional and modern financial mechanisms,… Read More

May 23, 2025 @ 7:07 pm By Michael Wong  |  

Ant International has become the first corporate client to utilise HSBC’s new Tokenised Deposit Service in Hong Kong, marking a milestone in the city’s push to integrate blockchain into traditional finance, Business News Asia reported. The service enables real-time, round-the-clock HKD and USD payments between… Read More

May 21, 2025 @ 7:45 am By JD Alois  |  

The Hong Kong government approved stablecoin legislation today. The new law provides for fiat-referenced stablecoins (FRC) for issuers in Hong Kong. The goal is to further enhance Hong Kong’s “virtual asset activities.” The new rules will come into effect this year. The Stablecoins Ordinance requires… Read More

May 7, 2025 @ 7:58 am By Omar Faridi  |  

Ant Group, the fintech affiliated with Alibaba Group Holding (NYSE: BABA), is reportedly weighing a significant move to list its international arm, Ant International, on the Hong Kong stock exchange. This development signals a push to unlock value in its global operations, as the company… Read More

April 27, 2025 @ 5:40 pm By Michael Wong  |  

Ant Bank (Hong Kong), the digital banking arm of Ant International, has received a $100 million capital infusion from its parent company as it seeks to scale up its services and broaden its role in Hong Kong’s digital financial ecosystem. The funding, according to an… Read More