Tag: Hong Kong

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.

Hong Kong’s Securities and Futures Commission (SFC) will require fund managers to take climate-related risks into consideration in their future investment and risk management processes.

The Hong Kong Monetary Authority (HKMA) has outlined four actions to promote the use of RegTech in the Hong Kong banking sector.

Hong Kong virtual bank Mox has partnered with Mastercard to introduce a new tool that allows Mox users to flip between spending on an all-in-one debit and credit card.