Tag: Hong Kong

The government of Hong Kong has revealed it has raised $3bn through the sale of green bonds denominated in US dollars and Euros.

The Hong Kong Monetary Authority (HKMA) has disciplined four banks due to anti-money laundering (AML) violations for a total imposed penalty of HKD$44.2m.

The Stock Exchange of Hong Kong (HKEX) has published guidance on climate disclosures as well as an analysis of corporate governance and ESG practice disclosure across 2020-2021.

The monetary authorities in Hong Kong and China have agreed to create a one-stop sandbox platform to help companies develop cross-border FinTech products quicker.

Avo Insurance Company, which identifies as Hong Kong’s first virtual general insurance company, has secured an additional HDK 260 ($33.4m) in funding.

The Hong Kong Monetary Authority (HKMA) has begun the first steps of exploring a central bank digital currency (CBDC) with the release of a technical whitepaper.

Hong Kong’s Securities and Futures Commission (SFC) has published the conclusion of a consultation to amend its anti-money laundering and counter terrorism financing guidelines.

China has introduced Wealth Management Connect, a scheme that is looking to better connect its southern Guangdong province with neighbours Hong Kong and Macau.

OneDegree, which claims to be one of the fastest growing InsurTech companies in Asia, has raised $28m in its Series B1 funding round.

Cyberport has reached the next application stage for its FinTech Proof-of-Concept Subsidy Scheme, which could see companies given a total of HK 10m ($1.28m) in grants.