Tagged: hong kong

September 26, 2026 @ 12:39 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) and Bank Indonesia (BI) have signed a memorandum of understanding to strengthen cooperation on QR code-based cross-border payments between Hong Kong and Indonesia, as both sides seek to make transactions faster and more affordable. The MoU aims to establish… Read More

September 22, 2026 @ 4:53 am By Michael Wong  |  

The number of credit cards in circulation in Hong Kong rose 36.1% year-on-year to 31.03 million at the end of the second quarter, while the value of credit card transactions increased 6.8%, data from the Hong Kong Monetary Authority (HKMA) showed. Credit card transactions reached… Read More

September 21, 2026 @ 9:19 pm By Michael Wong  |  

Hong Kong companies need to treat artificial intelligence governance as a board-level responsibility rather than an information technology project, with directors maintaining human accountability for AI-assisted decisions, Securities and Futures Commission (SFC) Chairman Kelvin Wong said. Speaking at the Corporate Governance Conference 2026, Wong said… Read More

September 21, 2026 @ 4:23 pm By Omar Faridi  |  

A Hong Kong court has imposed a four-year prison sentence on a former retail banker who accepted more than US$470,000 in Tether (USDT) to lend the appearance of legitimacy to forged standby letters of credit and related documents with a combined face value exceeding US$1.6… Read More

September 19, 2026 @ 6:37 pm By Michael Wong  |  

Hong Kong has unveiled a five-year economic plan aimed at strengthening its role as an international financial, maritime, and trade centre while expanding its position as an innovation and technology hub and a centre for high-calibre talent. Chief Executive John Lee announced the First Five-Year… Read More

September 14, 2026 @ 8:18 am By Michael Wong  |  

Hong Kong and Dubai financial authorities and exchanges have established a Strategic Working Group to strengthen ties between the financial markets of Hong Kong and the Dubai International Financial Centre (DIFC), according to a joint announcement. The move comes as the two financial centres seek to… Read More

September 7, 2026 @ 3:02 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has warned the public to stay alert to phishing scams involving the unauthorised binding of payment cards, including ATM cards, to contactless mobile payment services. The HKMA said it recently received reports from banks of scams in which fraudsters… Read More

September 1, 2026 @ 9:17 am By Michael Wong  |  

Deposits held with Hong Kong banks increased in July, while renminbi deposits and cross-border trade settlements recorded stronger growth, according to data released by the Hong Kong Monetary Authority (HKMA). Total deposits with authorized institutions rose 0.9% in July 2026, with Hong Kong dollar and… Read More

August 31, 2026 @ 1:51 am By Michael Wong  |  

Hong Kong-listed Virtual Mind Holding Company Limited has entered into an investment cooperation agreement with Gauss Technology (HK) Limited to establish a joint venture focused on artificial intelligence (AI) and continuous learning. Under the agreement signed on Aug. 28, Virtual Mind and Gauss Technology intend… Read More

August 30, 2026 @ 2:20 am By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), the ASEAN+3 Macroeconomic Research Office (AMRO), the Asian Development Bank Institute (ADBI) and The South East Asian Central Banks Research and Training Centre (SEACEN Centre) held their fourth Financial Leadership Training Program in Hong Kong from Aug. 25 to… Read More

August 23, 2026 @ 8:15 pm By Michael Wong  |  

Hong Kong broadcaster TVB Limited is planning an artificial intelligence computing venture with private equity firm Gaw Capital Partners that could receive up to HK$2 billion ($255 million) in equity investment from Gaw Capital, according to a stock exchange filing seen by CrowdFund Insider. TVB… Read More

August 4, 2026 @ 3:36 am By Omar Faridi  |  

Hong Kong authorities have highlighted a major online romance fraud in which a middle-aged insurance professional lost more than HK$26 million (approximately US$3.3 million) after being drawn into a scheme centered on a bogus cryptocurrency trading application. According to police figures released via the force’s… Read More

August 3, 2026 @ 9:38 pm By Omar Faridi  |  

The Asian Infrastructure Investment Bank is advancing efforts to incorporate emerging digital financial tools into its operations while preparing to establish a new presence in Hong Kong and expanding its fundraising activities to new levels. According to senior bank officials, the multilateral institution is examining… Read More

August 2, 2026 @ 6:01 pm By Michael Wong  |  

Total deposits held with Hong Kong’s authorized institutions rose 0.1% in June from the previous month, as growth in Hong Kong dollar deposits offset a decline in foreign currency deposits, while bank lending continued to strengthen, official data showed. Figures released by the Hong Kong… Read More

July 27, 2026 @ 1:19 am By Michael Wong  |  

An artificial intelligence agent has moved beyond recommending suppliers and completed an actual business purchase in Greater China, carrying out tasks that would typically require several separate procurement and payment steps. Visa and Hong Kong-listed Lianlian DigiTech said Lianlian’s LoopXPay agent completed what the companies… Read More

July 26, 2026 @ 9:39 pm By Michael Wong  |  

Hong Kong’s Securities and Futures Commission (SFC) has enhanced its regulatory framework for authorised leveraged and inverse products, giving product providers greater flexibility in managing their products while drawing investors’ attention to their nature as daily trading instruments. The regulator said Hong Kong’s leveraged and… Read More

July 25, 2026 @ 10:32 am By Michael Wong  |  

Hong Kong Exchanges and Clearing (HKEX) has relaxed key listing requirements, including lowering thresholds for companies seeking weighted voting rights structures and expanding confidential filing arrangements, as the bourse steps up efforts to attract more initial public offerings and reinforce the city’s position as a… Read More

July 15, 2026 @ 5:24 am By JD Alois  |  

The Hong Kong Securities and Futures Commission (SFC) has approved its first tokenized fund. The Baillie Gifford Enhanced Yield Fund (BAGEY) is an actively managed fund that holds short-duration government and corporate bonds. Baillie Gifford is an independent investment manager owned and operated by 54… Read More

July 14, 2026 @ 12:23 am By Omar Faridi  |  

A new report highlights how artificial intelligence is transforming retail experiences in Hong Kong, with consumers increasingly turning to AI tools for discovery while merchants grapple with building lasting confidence during the final stages of a purchase. The latest findings from the Adyen (AMS: ADYEN)… Read More

July 12, 2026 @ 6:57 am By Michael Wong  |  

“Innovation needs capital, and Hong Kong is where capital and ideas meet,” the city’s Financial Secretary Paul Chan Mo-po said as Hong Kong sought to reinforce its position as a regional technology and fundraising hub during the inaugural LEAP East conference. The three-day LEAP East… Read More