Tagged: hong kong

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

April 12, 2025 @ 5:51 pm By Michael Wong  |  

Hong Kong Investment Corporation Ltd (HKIC) and fintech platform WeLab announced a strategic partnership to accelerate artificial intelligence (AI)-driven financial services, aiming to promote digital financial inclusion across Asia. The collaboration will enable WeLab to expand its exploration of AI applications, including developing innovative AI… Read More

April 12, 2025 @ 11:13 am By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), Hong Kong Police Force (HKPF), and The Hong Kong Association of Banks (HKAB) jointly announced a series of measures aimed at enhancing the prevention and detection of financial crime, including fraud and money laundering. Authorities are responding to a… Read More

April 11, 2025 @ 2:30 pm By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), the world’s derivatives and securities exchange network, announced the expansion of its Derivatives Market Intelligence team with the hiring of Wei Liao as Director, Derivatives Market Intelligence. Based in Hong Kong, Ms. Liao will lead the “buildout of Cboe’s… Read More

April 8, 2025 @ 11:48 am By Omar Faridi  |  

Euroclear is pleased to announce its participation in the Hong Kong Monetary Authority’s (HKMA) Project Ensemble. Project Ensemble, launched in March 2024, is a HKMA initiative aimed at fostering and “shaping the tokenization ecosystem in Hong Kong.” This project brings together professionals and industry veterans… Read More

April 7, 2025 @ 9:59 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) released statistics for the second quarter of 2024 on stored value facility (SVF) schemes, showing continued growth in both usage and transaction value. By the end of Q2 2024, the total number of SVF accounts in use reached 75.36… Read More

April 2, 2025 @ 8:37 am By Omar Faridi  |  

The PwC Global Crypto Regulation Report 2025 offers a comprehensive analysis of the evolving regulatory environment for digital assets across more than 50 jurisdictions. The PwC research report underscores significant policy shifts and emerging trends, reflecting a global push to balance innovation with financial stability… Read More

March 30, 2025 @ 7:47 pm By Michael Wong  |  

The Hong Kong Academy of Finance (AoF) announced the selection of 23 senior executives for its Financial Leaders Programme (FLP) 2025, underscoring its commitment to developing future financial leaders within the territory. The participants represent a diverse range of sectors in Hong Kong’s financial industry,… Read More

March 24, 2025 @ 11:01 pm By Omar Faridi  |  

Hong Kong’s economic and employment prospects reflect a blend of resilience and cautious optimism, according to recent reports from KPMG. Three key updates—the Hong Kong Employment Outlook Report, insights into the trust industry’s growth, and an analysis of government reserves—paint a picture of a city… Read More

March 19, 2025 @ 8:25 pm By Omar Faridi  |  

HashKey Capital has obtained a Type 1 license from the Hong Kong Securities and Futures Commission (SFC), further expanding its regulated capabilities under the SFC. HashKey Capital currently holds a Type 9 license, enabling the firm to “offer asset management products to both retail and… Read More

March 16, 2025 @ 5:24 pm By Omar Faridi  |  

Hong Kong is reportedly solidifying its position as a fintech hub in Asia, with its ecosystem experiencing remarkable growth and innovation. According to the Hong Kong Fintech Ecosystem Report released by InvestHK, the city anticipates a robust future driven by blockchain, digital assets, distributed ledger… Read More

March 11, 2025 @ 10:05 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce that it has signed a Memorandum of Understanding (MOU) with CMU OmniClear Limited, a company established to carry out the operations of the Central Moneymarkets Unit (CMU) on behalf of the Hong Kong Monetary… Read More

February 23, 2025 @ 7:57 pm By Michael Wong  |  

Hong Kong Exchanges and Clearing (HKEX) will overhaul its settlement fee structure from June, introducing a flat fee of 0.0042% per stock transaction in a bid to balance costs across different trade sizes, the bourse operator said. Under the current system, HKEX charges a minimum… Read More

February 22, 2025 @ 5:55 pm By Michael Wong  |  

Hong Kong is mulling over the approval of new cryptocurrency and virtual assets products, including derivatives and margin lending, for select investors, as the city seeks to bolster its position as a regional digital assets hub. The move, outlined by Securities and Futures Commission (SFC)… Read More