Tags Hong Kong

Tag: Hong Kong

Hong Kong’s first virtual general insurer Avo scores more funding

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

HKMA initiates first CBDC steps with whitepaper launch

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 SFC unveils consultation conclusion on AML/CFT guideline amendments

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 unveils wealth management scheme to strengthen Hong Kong, Macau ties

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

Pet insurance company OneDegree bags Series B1 to support five-year expansion...

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

Cyberport enters next stage for FinTech grant scheme

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 SFC introduces climate risk requirements for fund managers

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.

EmergeVest backs world’s first neobank targeted at women entrepreneurs

Hong Kong-based private equity firm EmergeVest has invested into Lucy, the world’s first neobank aimed at women entrepreneurs.

HKMA sets out four-step initiative to drive bolstered RegTech adoption

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

Mox, Mastercard team to launch new tool to simplify card payment...

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.

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