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Fintech

Fintech
Stories about how technology is used to enhance financial services, covering banking and securities
Pedestrians walk past a cryptocurrency dealership with ATMs on the outside in Causeway Bay on January 31. In a new policy statement, the Hong Kong government has proposed tax concessions for profits on cryptocurrencies. Photo: Antony Dickson
Digital currencies

Hong Kong makes public stablecoin adoption a top priority in digital asset push

The government is calling for new proposals to test stablecoin applications and make tax concessions for digital asset holdings.

Cryptocurrency

Hong Kong family office VMS Group makes first foray into cryptocurrency

Mobile payments

Ant Group pushes wider adoption of AI-enabled smart glasses for mobile payments

Banking & finance

Editorial | US dollar uncertainty propels use of e-CNY

As mainland’s international operations centre, Shanghai will increase global reach of yuan, promote China’s central bank digital currency.

China’s e-CNY online currency is picking up as global worries about the dollar continue. Photo: Shutterstock
JD.com

JD.com founder bets on stablecoins to cut cross-border e-commerce payment costs

‘JD.com intends to secure stablecoin licences across key currency markets globally,’ founder and chairman Richard Liu says.

Mainland China

Hong Kong-based fintech LianLian Global’s Middle East expansion pays off

Firm expects Dubai operations to contribute 10 per cent of its payment transaction volume in the first year of operations, Hong Kong head says.

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Banking & finance

Opinion | London and Hong Kong can lead way in UK-China finance cooperation

From green finance to fintech, both cities are at the forefront of progress in financial services, and there is much room to grow.

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A view of Hong Kong Island and Victoria Harbour at sunset on May 19. The historic ties between London and Hong Kong provide a strong foundation for a consistent, clear and ambitious services relationship between China and the UK. Photo: AFP
Banking & finance

Hong Kong virtual insurer OneDegree seeks greater Middle East growth

Co-founder attributes company’s success to its ‘cybersecurity technology and comprehensive underwriting framework’.

Banking & finance

Macroscope | How the obsession with risky assets is putting global finance in peril

From the speculative frenzy over digital assets to the assault on bond markets, the next financial crisis will be self-inflicted.

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Hong Kong

InvestHK pivots to support Hong Kong start-ups’ global growth

After 25 years promoting the city as an investment destination, InvestHK is now championing Hong Kong companies’ overseas expansion.

Illustration by Henry Wong
Bitcoin

Bitcoin, other cryptocurrencies sink after Israel air strikes on Iran

Over US$1 billion worth of long positions across all cryptocurrencies were liquidated in the past 24 hours, according to Coinglass data.

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Bitcoin slid as much as 3 per cent early on Friday in Singapore to dip below US$103,000 before paring losses. Photo: Shutterstock
Banking & finance

SFC CEO Leung: virtual assets are a tool ‘in the race for financial supremacy’

Leung says regulator’s next step is to focus on OTC trading and custodial institutions in the space.

Ant Group

Ant International and Ant Digital to seek stablecoin licences in Hong Kong

The two Ant units’ move aligns with its global ambitions as other companies, including rival JD.com, line up to issue fiat-backed cryptocurrencies.

Hong Kong economy

Opinion | With stablecoin law, Hong Kong is reasserting its financial supremacy

While rivals like Singapore hedge their regulatory bets, Hong Kong is betting that institutional investors value clarity and transparency.

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Hong Kong’s new stablecoin regulation plugs into the broader digital infrastructure the city has quietly built. Photo: Shutterstock
Start-ups

Fintech start-up Syfe bolsters Hong Kong expansion after new funding round

Singapore-based Syfe’s expansion plans reflect the city’s position as the largest hedge fund and cross-border wealth management hub in Asia.

Syfe founder and CEO Dhruv Arora. Photo: Handout
Ant Group

Ant International pursues ‘holy grail’ for fintech with agentic AI platform

New agentic AI platform aims to empower fintech companies to build AI-centric financial services with improved security and efficiency.

Banking & finance

Ant International: numerical AI is the GPT of financial services

Singapore-based company says model accurately predicts trading volumes and reduces unnecessary hedging and risk-premium costs.

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Hong Kong economy

Opinion | How Hong Kong can reassert its global edge in an uncertain world

The city’s vibrancy, uniqueness, connectivity and agility make it all the more relevant in a fast-evolving global economy.

Illustration: Craig Stephens
Banking & finance

China equips Hong Kong with ‘toolbox’ to propel yuan amid de-dollarisation

Doubts about the dollar’s supremacy present a unique opportunity to accelerate the yuan’s internationalisation.

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Banking & finance

HSBC launches Hong Kong’s first blockchain-based settlement service with Ant

The service aims to enhance payments with tokenised deposits for swift transactions.

Hong Kong economy

Opinion | Cryptocurrencies are emerging as ‘digital gold’ in a shaky world economy

Demand is growing for borderless, neutral financial tools in a fragmenting world economy, with rising tariffs and alliances under strain.

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In Asia, Hong Kong has emerged as a first mover – licensing exchanges, regulating stablecoin and approving cryptocurrency ETFs – positioning itself as a regional anchor in the digital asset economy. Photo: Shutterstock
Ant Group

Ant Group’s global unit pulls in US$3 billion in revenue ahead of spin-off

Ant International could fetch an IPO valuation of between US$8 billion to US$24 billion if it lists in Hong Kong, analysts say.

The Ant Group logo seen inside the fintech company’s headquarters in Hangzhou, capital of eastern Zhejiang province. Photo: Reuters
Digital currencies

Trump’s crypto ‘reset’ cheered by industry calling for more regulatory clarity

US crypto investors contributed millions of dollars to Trump’s election victory and did not conceal lingering contempt for Biden at Consensus.

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Ant Group

Alipay and WeChat Pay see booming inbound spending in China for Labour Day

Preliminary data from the country’s two dominant mobile payment apps show two-to-three times the spending from a year ago, much of it from Hong Kong.

Banking & finance

Hong Kong’s digital banks seek post-Covid growth in wealth management

Hong Kong’s digital banks plan to expand wealth management businesses as deposits and loans surge.

A pedestrian in front of a currency mural on a shop’s gate in Hong Kong on 26 December 2024. Photo: Antony Dickson
Artificial intelligence

Geely-owned DreamSmart to push mobile payments via AI smart glasses

DreamSmart is working with Ant International to enable mobile payments for users of its StarV Air2 eyewear.

DreamSmart Group’s AI-powered StarV Air2 eyewear will offer mobile payments functionality from the third quarter this year. Photo: SCMP
Hong Kong Monetary Authority (HKMA)

HKMA to help banks assess firms for trade financing by using cargo data

HKMA launches CargoX, leveraging cargo data to enhance trade financing for SMEs amid global tariff concerns.

Digital currencies

Hong Kong ranks as second-most crypto-friendly city in the world in new index

The city is just behind Ljubljana, capital of Slovenia, in an evaluation based on factors such as regulation, taxes and wealth.

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