Standard Chartered Bank, PCCW, HKT, and Ctrip Finance have established a strategic joint venture to deliver a new standalone digital retail bank in Hong Kong. The joint venture will be conducted under ... ( read original story ...)
HK heralds online banking era with StanChart JV, two others as new entrants
* BOC Hong Kong and ZhongAn-led JVs also win licences * HKMA says virtual banks will promote financial inclusion * Five more licences will be issued soon, says HKMA (Adds interview with ZhongAn ... ( read original story ...)
StanChart JV, two others win Hong Kong online banking licence
HONG KONG (Reuters) - Hong Kong has issued online-only banking licences to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong Kong, in what could be the biggest shake ... ( read original story ...)
Will Traditional Banks Survive Hong Kong’s Digital Banking Move?
Fintech companies have won the battle of attaining license as the Hong Kong Monetary Authority has granted license to three virtual banks in the country. The move aims to disrupt the traditional ... ( read original story ...)
Hong Kong issues online banking licenses to StanChart JV, two others
HONG KONG, March 27 (Reuters) - Hong Kong's banking regulator said on Wednesday it had issued online-only banking licenses to three companies, including joint ventures of Standard Chartered and BOC ... ( read original story ...)
Hang Seng higher, China Construction Bank gains
Hong Kong blue chips were higher at the close today The Hang Seng Index added 0.56 percent, or 161.34 points at 28,728.25.China Construction Bank (0939) added 0.88 percent at HK$ 6.86.Insurer AIA ... ( read original story ...)
‘Snowden refugee’ who made it to Canada reveals family ties with applicants still in Hong Kong
With his name now in the news, Mr. Snowden left his hotel and, for two weeks, hid in the tiny apartments of other clients of Mr. Tibbo: Ms. Rodel, Mr. Kellapatha and Ms. Kuttige, and Ajith ... ( read original story ...)
Hong Kong hands out its first digital banking licences
Hong Kong has issued its first batch of digital banking licences, giving a mix of traditional financial institutions and Chinese companies a chance to compete for a $15bn pot of retail banking ... ( read original story ...)
Hong Kong Scales Back Extradition Law That Spooked Business
The government will remove nine categories including bankruptcy, securities and futures, and intellectual property from the proposed extradition law, Hong Kong Security Secretary John Lee told ... ( read original story ...)
StanChart JV, two others win Hong Kong online banking license
HONG KONG (Reuters) - Hong Kong has issued online-only banking licenses to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong Kong, in what could be the biggest shake up ... ( read original story ...)
Hong Kong Starts Granting Licenses for Virtual Banks
... in Hong Kong and promote financial inclusion,” the Hong Kong Association of Banks said in a statement. “The industry can leverage this opportunity to develop new business models.” Virtual banks ... ( read original story ...)
Indian Startups, Here’s Your Chance To Scale Globally With Hong Kong Startup Launchpad
As the third largest startup ecosystem of the world, India has found several international collaborations to significantly support and grow the talent across borders and at the same time, find new ... ( read original story ...)
Cathay Pacific to buy budget airline Hong Kong Express
Hong Kong Express, which flies to destinations across Asia, will become a wholly-owned subsidiary of Cathay Pacific. Cathay Pacific has been overhauling its business to cut costs, and returned to ... ( read original story ...)
Cryptocurrency miner Bitmain lets Hong Kong IPO application lapse
HONG KONG (Reuters) - Bitmain Technologies, the world's largest designer of products for mining cryptocurrencies, on Tuesday let its application for a Hong Kong initial public offering (IPO) lapse, ... ( read original story ...)