Ant Financial, Tencent, ICBC Asia, HKEX, Xiaomi and Ping An are among the backers of the four licence recipients, bringing the total number of virtual banks in Hong Kong to eight.
May 9, 2019The three newly licenced virtual banks are joint ventures involving BOCHK, JD Digits, Jardines, Standard Chartered, HKT, PCCW, Ctrip, ZhongAn Online and Sinolink.
March 27, 2019JETCO launches the city's first Open API exchange; New Accenture survey indicates willingness of Hong Kong consumers to share personal financial information with third parties.
January 17, 2019Launched at Hong Kong Fintech Week, eTradeConnect improves trade efficiency by automating trade finance processes using blockchain technology.
November 1, 2018The HKMA is looking to build a more diversified regtech ecosystem in Hong Kong and urges for greater collaboration between the banking industry and technology community.
September 28, 2018New payment system connects banks and stored-value facility operators to enable instant payments in Hong Kong dollar and renminbi.
September 18, 2018Deputy chief of Monetary Authority also says banks cannot use ‘predatory tactics’ when competing for market share.
February 7, 2018In addition to the enhanced sandbox, HKMA will also work on a new payment system, minimising regulatory friction in onboarding and other services.
September 29, 2017