The Hong Kong Monetary Authority (HKMA) announced it is working on developments for a central bank digital currency (CBDC) at both the wholesale and retail levels. ( read original story ...)
Hong Kong: Fintech 2025 strategy unveiled
The Monetary Authority today unveiled its Fintech 2025 strategy which aims to encourage the financial sector to adopt technology comprehensively by 2025, and provide fair and efficient financial ... ( read original story ...)
Razer partners with Hong Kong startup to build self-driving ships to clean marine waste
The partnership with Clearbot includes support from Razer’s engineers and designers to build a new prototype as well as a US$50,000 grant. ( read original story ...)
Hong Kong includes central bank digital currency in fintech strategy
The Hong Kong Monetary Authority (HKMA) has published its “Fintech 2025” strategy with central bank digital currencies (CBDC), both retail and wholesale, included in the digital finance innovation ... ( read original story ...)
Hong Kong Central Bank to Study Retail CBDC
The Hong Kong Monetary Authority (HKMA) announced its plans to study a central bank digital currency (CBDC) that will be focused on local and retail usage. ( read original story ...)
Hong Kong’s OmniFoods sets its sights on plant-based seafood on World Oceans Day
OmniFoods, the Hong Kong startup best known for its fake pork product "OmniPork," said in an announcement on World Oceans Day that it's jumping on what it sees as the next phenomenon: plant-based ... ( read original story ...)
Hong Kong to Test Linking China’s Digital Yuan With Domestic Payments
Hong Kong is to test connecting China's digital yuan with its domestic payments network, officials said on Tuesday, the second stage of experiments of China's digital currency in the financial hub. ( read original story ...)
New Priorities for Finance Leaders in the Next Normal
The Covid-19 pandemic has forced companies to adopt new methods of doing business in order to survive. Employees have been required to work remotely and business plans have been completely altered. ( read original story ...)
Government, SOEs poured R49-billion into criminal enterprises
Investigator Paul Holden has given a stupefying account of billions of rand paid from state-owned entities and other governmental organisations into a complex local laundromat. ( read original story ...)
Hong Kong shares rise at start
Hong Kong stocks opened higher Tuesday morning following the previous day's losses, with investors now turning their attention to the release of US inflation data later in the week. The Hang Seng ... ( read original story ...)
David Ferraris ‘over the moon’ for son Luke as Hong Kong reunion beckons for famous racing family
David Ferraris is “over the moon” following the news son Luke will join the Hong Kong riding ranks next season as a mini-reunion looms for the famous South African racing ... ( read original story ...)
Hong Kong devolving into economic monoculture
A young trader at the Hong Kong branch of a mainland brokerage learned five years ago what matters most in local finance. At a 2016 annual meeting, executives told his team just how critical access to ... ( read original story ...)
Sensex, Nifty start on choppy note
Equity benchmarks Sensex and Nifty started on a choppy note on Tuesday amid tepid cues from global markets. The 30-share BSE index was trading 54.44 points or 0.10 per cent higher at 52,382.95 in ... ( read original story ...)
Digital Banking: Hong Kong’s WeLab Bank Surpasses 100,000 Clients, Reports Strong Q1 2021
Hong Kong based WeLab Bank, a newly-launched digital bank, reports that its total number of clients has exceeded 100,000 (registered users). As noted in a release shared with CI: 'Riding on the strong ... ( read original story ...)