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Fintech

Fintech
Stories about how technology is used to enhance financial services, covering banking and securities
A view of Victoria Harbour taken from Hong Kong Observation Deck in Sky 100, West Kowloon, on February 27, 2025. Photo: Sam Tsang
Banking & finance

Venture-capital club expands to Hong Kong, plans US$250m fund

London Technology Club opens in the city with a focus on fast-scaling companies in AI, fintech.

Banking & finance

Hong Kong to get world’s first tokenised money-market ETFs from Bosera, HashKey

Artificial intelligence

Ant Group’s use of local GPUs, not Nvidia, cuts AI model training costs by 20%

Singapore

Trump outsources ‘Made-in-America’ investments to Singapore crypto firm

The US president’s Trump Media & Technology Group says it plans to work with Singapore-based Crypto.com on exchange-traded funds.

US President Donald Trump attends the “White House Crypto Summit” in Washington on March 7. Photo: Reuters
Banking & finance

Exclusive | Chelsea owner Todd Boehly eyes Hong Kong and Macau for new ventures

The American tycoon spots potential for fintech, sports and entertainment expansion in Hong Kong and Macau.

Banking & finance

Hong Kong widens lead over Singapore as Asia’s top financial centre: report

Nine of the top 20 global centres maintained their ranking, suggesting confidence in the financial sector amid slow economic growth.

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Cryptocurrency

Most memecoins will end up ‘worthless’, Ark Investment CEO Cathie Wood says

Wood pointed out that some of these digital tokens will ‘withstand the judgment of time’, and Donald Trump’s memecoin may be one of them.

Released in December 2013, the Dogecoin is considered the world’s first memecoin. Photo: Shutterstock
North Korea

North Korea is rolling in bitcoin. Only the US and UK have more

A major breach of Dubai-based trading platform Bybit last month netted hackers believed to be backed by Pyongyang US$1.5 billion in tokens.

Tencent

Tencent chases Chinese tourists in Singapore with Sentosa deal

As Chinese travellers return to Southeast Asia, Weixin Pay has struck a partnership with Singapore’s top resort island.

Artificial intelligence

Opinion | AI is no longer a mere investment, but a matter of sovereignty

As the US-China race for primacy in artificial intelligence heats up, nations must boost their capabilities or fall behind in the global divide.

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A Mobile World Congress attendee interacts with a robot from Unitree Robotics in Barcelona, Spain, on March 3. Photo: AFP
Wealth management

Hong Kong finance chief sees US$20 billion of IPOs this year on tech optimism

Companies could raise between US$17 billion and US$20 billion this year, Paul Chan tells tech forum.

Hong Kong is hosting three major financial events towards the end of this month. Photo: Sam Tsang
Cryptocurrency

Bitcoin, ether stagger as US stock sell-off weighs on cryptocurrencies

The initial declines on Tuesday came after a sell-off in US equities, led by technology stocks, picked up steam.

Blockchain

Ethereum co-founder Gavin Wood says Web3 is on track as finance firms move in

Wood’s newer project Polkadot is focused on scaling decentralised applications, with many developers coming from China.

Cryptocurrency

Bitcoin value dives as uncertainty grips global cryptocurrency market

Weighing on cryptocurrency prices was the Trump administration’s imposition of 25 per cent tariffs against Canada and Mexico.

After jumping on US President Donald Trump’s talk of creating a national cryptocurrency reserve, bitcoin and similar digital assets dove in the face of concerns it might not actually happen. Photo: Shutterstock
Blockchain

Bitcoin up after Trump names cryptocurrencies in strategic reserve

The world’s largest cryptocurrency is up by more than 20 per cent from the November lows.

Bitcoin has soared following Trump’s announcement of a list of cryptocurrencies to be included in a new US strategic reserve. Photo: AFP
Digital currencies

US securities regulator files to dismiss Coinbase lawsuit

A court has separately paused the SEC’s lawsuit against Binance after a joint request, citing implications of the agency’s new crypto task force.

Blockchain

Bitcoin slides below US$90,000 as cryptocurrency sell-off hastens

Tumbling crypto prices mirror a broader retreat from risky assets, while sentiment has also soured following a hack targeting exchange Bybit.

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Digital currencies

Crypto exchange Bybit, hit by largest crypto theft ever, stokes sell-off

After exchange operator loses ether from a cold wallet in a North Korea-linked attack, bitcoin and ether fall as industry enthusiasm wanes.

Bybit said US$1.5 billion worth of ether was stolen in a “sophisticated attack” on one of its cold wallets. Photo: AP
Banking & finance

China’s DeepSeek-led AI revolution to boost financial sector profit: UBS

Lower labour costs as a result of AI could boost profits of brokerages by 8 per cent and insurance firms by 13 per cent, analyst Craig Cao says.

Blockchain

Consensus Hong Kong: regulators seek ‘global liquidity’ in crypto amid Web3 push

The SFC licensed its first international crypto exchange on Tuesday as it courts global business at major Web3 conference.

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Blockchain

Tokenisation a ‘defining trend’ in Hong Kong, official says at Consensus

Tokenisation will be ‘profoundly transformative’, Secretary for Financial Services Christopher Hui said, as companies pile into the burgeoning business.

HSBC Gold Token is the first such retail product to be issued by a bank in Hong Kong, according to HSBC, as the government pushes for the issuance of more tokenised assets. Photo: HSBC
Artificial intelligence

Opinion | DeepSeek raises fear of a cold war powered by accessible AI

The US must abandon its evidently futile tech sanctions on China and instead work with it to set clear rules governing AI use.

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Illustration: Craig Stephens
Hong Kong economy

European fintech firms eyeing Hong Kong as Asia base, Paul Chan says

Finance minister has wrapped up Davos trip, says leading fintech players showing interest in expanding to Hong Kong.

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Digital currencies

Hong Kong bitcoin ETFs could open to some mainland investors under new measures

New rules further opening up China’s financial markets could give some mainlanders access to cryptocurrency investment products for the first time.

Blockchain

Trump’s meme coin draws billions in crypto trading volume

Major exchanges like Coinbase and Binance say they intend to list Trump’s token on their platform, while Melania also unveiled a coin.

US president-elect Donald Trump and his wife Melania visit the Arlington National Cemetery in Virginia on Sunday. Photo: AP Photo
Mobile payments

Alipay bears cost of system error that applied discounts to user transactions

The system error applied a 20 per cent ‘government subsidy’ to an undisclosed number of transactions on Thursday, according to users.

[Shutterstock] Stock Photo ID: 1078808396 PENANG, MALAYSIA - APR 26, 2018: Alipay expands its market to support retail merchants in Malaysia through a collaboration with MOLPay, the payment gateway for Malaysia and Southeast Asia. Shutterstock Images
Banking & finance

HKMA readying FPS for cross-border use by midyear

HKMA and PBOC have been working on syncing the Faster Payment System and the mainland’s Internet Banking Payment System.

Banking & finance

Hong Kong digital banks consider branches after HKMA rule change

WeLab Bank, ZA Bank and Mox Bank believe face-to-face interactions would be a good addition, while Livi Bank does not see a need.

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