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Fintech

Hong Kong has attracted 17 new companies that cover an array of hi-tech industries, including artificial intelligence and big data, life and health technology, fintech, robotics, advanced manufacturing and green energy technology. Photo: Jelly Tse

Editorial | Hong Kong office attracts firms to live up to its name

City is being reinvigorated as regional business hub thanks to success of body bringing in hi-tech talent.

Ant-backed digital bank targets smaller businesses with quick, easy services

Ant-backed credit rating firm gets central bank approval after 3-year wait

FTX sues Binance and former CEO ‘CZ’ for US$1.8 billion

The lawsuit relates to Binance’s sale of its stake in FTX, the rival exchange founded by the now-imprisoned Sam Bankman-Fried.

Zhao Changpeng, founder and former CEO of Binance. Photo: Reuters

Bitcoin breaks US$89,000 for the first time on Trump crypto boom

The largest token has jumped about 30 per cent since the US election, as traders weigh whether there is still room to chase.

Trump’s crypto pledge may see China restore digital-asset market: HashKey head

HashKey chairman and CEO Xiao Feng said a number of factors may compel mainland China to open its digital-asset market in about two years.

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Hong Kong to invest US$38 million from investment migration scheme

The Hong Kong government’s investment arm will use funds from the investment migration scheme to promote innovation.

Tourists gathered at the waterfront in Tsim Sha Tsui. Photo: Nora Tam

Bitcoin soars past US$84,000 as Trump’s win fuels buying spree

The largest token climbed as much as 5.6 per cent to an unprecedented US$84,360 in New York.

Another 17 firms to set up offices in Hong Kong under push to develop I&T sector

Financial Secretary Paul Chan also says city will need to be fully prepared for effects on global economy brought about by US presidential election.

Mainland Chinese fintech companies set up in Hong Kong to access Asean markets

Companies receive support from city’s Office for Attracting Strategic Enterprises.

Jiang Xuan, a senior vice-president of KN Group. Photo: Salina Li

‘The King is back’: Binance billionaire CZ plots life after prison

The founder of the world’s largest cryptocurrency exchange talks about his four-month incarceration, future plans, and more.

Zhao Changpeng, founder and former CEO of Binance. Photo: Reuters

Ant International drives AI in cross-border payments to boost global expansion

The firm’s AI model predicts currency exchange rates on an hourly basis, helping businesses reduce transaction costs.

Man accused of drugging woman at Hong Kong bar fired by 2 Singapore-based firms

Woman takes to social media to accuse man of spiking her drink, saying she was only saved by timely intervention of waitress.

Trump election victory cheers up China’s cryptocurrency proponents

These crypto proponents expect a bright future for digital assets and related policies on the mainland and Hong Kong.

At one point on Wednesday, bitcoin prices reached above US$75,000, having gained more than 66 per cent since the start of this year. Photo: Shutterstock

Binance founder CZ says will not return to crypto exchange after imprisonment

Zhao Changpeng said he does not ‘have any need to go back’ to the world’s largest cryptocurrency exchange, although he remains the largest shareholder.

Founder and former CEO of Binance Zhao Changpeng attends an event in Rome on May 10, 2022. Photo: Getty Images

Chainlink makes a case for blockchain-driven finance at SmartCon in Hong Kong

As Chainlink touts its technology that has brought blockchain transfers to the Swift network, geopolitical scrutiny is growing in the space.

Editorial | Welcome AI, but put Hong Kong protections in place

New policy by the Hong Kong government on the ‘responsible’ use of AI is both timely and sensible for an international financial centre.

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Circle CEO envisions stablecoins playing greater role in trade settlements

Jeremy Allaire envisions a ‘global network of stablecoins’ enabling ‘better, faster, cheaper’ transactions for emerging markets trading through Hong Kong.

Circle CEO Jeremy Allaire discusses the potential of stablecoins on the first day of Hong Kong FinTech Week 2024 on Monday. Photo: Hong Kong FinTech Week

Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions

Tokenisation is a major focus of FinTech Week this year, in addition to AI, as Web3 in Hong Kong looks beyond ‘speculative’ cryptocurrencies.

HKEX’s virtual asset index launch is a boost for Hong Kong’s crypto hub ambitions

The index series, launching on November 15, will offer benchmarks for bitcoin and ether.

First overseas company listing in Hong Kong via SPAC marks historic milestone

Synagistics starts trading under the 2562 stock code on Wednesday after combining its business with Hong Kong Acquisition Corporation.

In Hong Kong, a SPAC needs to raise at least HK$1 billion. Photo: Winson Wong

Hong Kong unveils rules for ‘responsible’ AI use at FinTech Week

Any institution that wants to use AI ‘must formulate a governance strategy to provide direction on how [the] systems should be implemented,’ the government says.

Hong Kong FinTech Week 2024 kicked off on October 28 with a greater emphasis on artificial intelligence than Web3 compared with past years. Photo: Matt Haldane

Hong Kong start-ups head to Riyadh for the Future Investment Initiative

Hong Kong start-ups ‘have a lot to offer’ Saudi Arabia, which is trying to diversify its oil-dominated economy.

Opinion | How tech firms began to eat banks’ lunch

Technology companies are steadily moving into territory once dominated by banks, and they won’t stop at payments and lending platforms.

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Why are Hong Kong’s brokers going against the grain in the digital era?

Online broker Futu Securities opened its fourth branch in Causeway Bay last week, while Phillip Securities mulls new branches.

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Futu Securities opened its latest physical branch in Causeway Bay last week. Photo: Jonathan Wong

Singapore’s Endowus brings AI-based investing to Hong Kong

Hong Kong head Steffanie Yuen worked at Ant Group and Value Partners before meeting Endowus founders Gregory Van and Samuel Rhee.

Head of Endowus HK Steffanie Yuen talks about her company’s commission-free investment platform that uses AI and wealthtech. Photo: Jocelyn Tam

How can Hong Kong’s virtual banks stay competitive?

Since the Hong Kong Monetary Authority awarded its first licences in 2019, the sector has grown to include 8 virtual banks – but making money has not been easy.

Letters | No room for a housing policy that encourages youth to lie flat

Readers discuss the need to tackle Hong Kong’s housing crisis, solutions to the city’s construction financing gap, the importance of language flexibility in tertiary education, and the health impact of alcohol use.

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Fintech
Stories about how technology is used to enhance financial services, covering banking and securities
last updated:
9 September, 2024
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