Hong Kong Monetary Authority

BEA Marks the Inauguration of BEA Tower in Qianhai

Retrieved on:

Friday, January 12, 2024

HONG KONG, Jan. 12, 2024 /PRNewswire/ -- The Bank of East Asia, Limited ("BEA" or the "Bank") today celebrated the inauguration of BEA Tower in Qianhai, its strategic hub in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA"). The occasion coincides with the Bank's 105th anniversary, marking a significant milestone in BEA's century-long development on the Chinese Mainland and its dedication to the GBA's development.

Key Points:

HONG KONG, Jan. 12, 2024 /PRNewswire/ -- The Bank of East Asia, Limited ("BEA" or the "Bank") today celebrated the inauguration of BEA Tower in Qianhai, its strategic hub in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA").
BEA Tower is located in the Qianhai Shenzhen-Hong Kong Cooperation Zone.
Mr. Adrian Li, Co-Chief Executive of BEA, commented, "The official inauguration of BEA Tower represents a milestone for our business development in the region.
Mr. Brian Li, Co-Chief Executive of BEA, said, "BEA has always been a supporter of the continuous development of Qianhai.

BEA Marks the Inauguration of BEA Tower in Qianhai

Retrieved on:

Friday, January 12, 2024

HONG KONG, Jan. 12, 2024 /PRNewswire/ -- The Bank of East Asia, Limited ("BEA" or the "Bank") today celebrated the inauguration of BEA Tower in Qianhai, its strategic hub in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA"). The occasion coincides with the Bank's 105th anniversary, marking a significant milestone in BEA's century-long development on the Chinese Mainland and its dedication to the GBA's development.

Key Points:

HONG KONG, Jan. 12, 2024 /PRNewswire/ -- The Bank of East Asia, Limited ("BEA" or the "Bank") today celebrated the inauguration of BEA Tower in Qianhai, its strategic hub in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA").
BEA Tower is located in the Qianhai Shenzhen-Hong Kong Cooperation Zone.
Mr. Adrian Li, Co-Chief Executive of BEA, commented, "The official inauguration of BEA Tower represents a milestone for our business development in the region.
Mr. Brian Li, Co-Chief Executive of BEA, said, "BEA has always been a supporter of the continuous development of Qianhai.

Alchemy Pay Adds New Card BIN for Hong Kong and Expands Virtual Card Reach

Retrieved on:

Tuesday, January 9, 2024

SINGAPORE, Jan. 9, 2024 /PRNewswire/ -- Alchemy Pay, the leading fiat-crypto payment gateway, has added additional card BINs for its Crypto Virtual Card, enhancing spending options in the Hong Kong area.

Key Points:

SINGAPORE, Jan. 9, 2024 /PRNewswire/ -- Alchemy Pay, the leading fiat-crypto payment gateway, has added additional card BINs for its Crypto Virtual Card, enhancing spending options in the Hong Kong area.
Users can enjoy this benefit and apply this card through using Alchemy Pay's mini app Crypto Card on Binance Marketplace .
Additionally, Alchemy Pay has seamlessly integrated with major exchanges like OKX and Bitget, allowing Hong Kong users to trade securely and compliantly utilizing Alchemy Pay's ramp services.
This newly introduced card BIN for the Hong Kong area further enhances the ease of crypto spending.

Hywin Holdings Wins Key Honor from Hong Kong Limited Partnership Fund Association (HKLPFA)

Retrieved on:

Monday, December 4, 2023

InvestHK, Barclays, Research, LPF, UBS AG, Health, Council, Hong Kong Monetary Authority, Growth, UBS, Investment, HYW, Legislative council, Film industry

HONG KONG, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Hywin Holdings Ltd. (“Hywin Wealth”, “Hywin”, or the “Company”) (NASDAQ: HYW), a leading independent wealth management and health management service provider in China, was recognized as “Best Provider of Family Office Services” at the “Hong Kong Limited Partnership Fund Association - Annual Awards 2023”, a tribute to its contributions to the Hong Kong-domiciled asset management industry, and its tireless efforts to connect the global family office sector with the financial eco-system of Hong Kong.

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HONG KONG, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Hywin Holdings Ltd. (“Hywin Wealth”, “Hywin”, or the “Company”) (NASDAQ: HYW), a leading independent wealth management and health management service provider in China, was recognized as “Best Provider of Family Office Services” at the “Hong Kong Limited Partnership Fund Association - Annual Awards 2023”, a tribute to its contributions to the Hong Kong-domiciled asset management industry, and its tireless efforts to connect the global family office sector with the financial eco-system of Hong Kong.
“We are deeply pleased and honored to receive this award,” said Dr. Nick Xiao, Vice President of Hywin Holdings and Chief Executive Officer of Hywin International.
The HKLPFA is the industry association guiding and promoting the Limited Partnership Fund (LPF) regime in Hong Kong.
In February 2023, Hywin International, the fully-owned Hong Kong subsidiary of Hywin Holdings, was elected as Vice Chair of the Association.

RISKTHINKING.AI AWARDED 2ND PLACE IN HKMA'S GREEN FINTECH COMPETITION

Retrieved on:

Thursday, December 14, 2023

Carbon, Disclosure, Sustainability, Climate change, VELO, Climate, Humble, Texas, Conference, Hong Kong Monetary Authority, Climate risk, Climate risk management, HKMA, Sustainable finance, Bloomberg L.P., Medical device, Cryptocurrency, Renewable energy, Hong Kong

TORONTO, Dec. 14, 2023 /CNW/ - Riskthinking.AI, a Toronto-based climate risk data and analytics provider, proudly announces its achievement of securing second place in the Hong Kong Monetary Authority (HKMA) Green Fintech Competition, held as part of the Green and Sustainable Banking Conference.

Key Points:

TORONTO, Dec. 14, 2023 /CNW/ - Riskthinking.AI, a Toronto-based climate risk data and analytics provider, proudly announces its achievement of securing second place in the Hong Kong Monetary Authority (HKMA) Green Fintech Competition, held as part of the Green and Sustainable Banking Conference.
The HKMA Green Fintech Competition was a central focus of the conference.
The competition sought market-ready solutions in four categories: Net-zero Transition, Climate Risk Management, Green and Sustainable Finance, and Sustainability or Climate-related Disclosure and Reporting.
HKMA's recognition of Riskthinking.AI in the Green Fintech Competition underscores its achievement in innovating accessible, comprehensive, and dependable solutions for measuring climate-related financial risk worldwide, including in Asia.

RISKTHINKING.AI AWARDED 2ND PLACE IN HKMA'S GREEN FINTECH COMPETITION

Retrieved on:

Thursday, December 14, 2023

TORONTO, Dec. 14, 2023 /PRNewswire/ - Riskthinking.AI, a Toronto-based climate risk data and analytics provider, proudly announces its achievement of securing second place in the Hong Kong Monetary Authority (HKMA) Green Fintech Competition, held as part of the Green and Sustainable Banking Conference.

Key Points:

TORONTO, Dec. 14, 2023 /PRNewswire/ - Riskthinking.AI, a Toronto-based climate risk data and analytics provider, proudly announces its achievement of securing second place in the Hong Kong Monetary Authority (HKMA) Green Fintech Competition, held as part of the Green and Sustainable Banking Conference.
The HKMA Green Fintech Competition was a central focus of the conference.
The competition sought market-ready solutions in four categories: Net-zero Transition, Climate Risk Management, Green and Sustainable Finance, and Sustainability or Climate-related Disclosure and Reporting.
HKMA's recognition of Riskthinking.AI in the Green Fintech Competition underscores its achievement in innovating accessible, comprehensive, and dependable solutions for measuring climate-related financial risk worldwide, including in Asia.

Chinese Firms Show Resilient Interest in U.S. IPOs Despite Regulatory Hurdles

Retrieved on:

Monday, December 4, 2023

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Despite regulatory challenges and geopolitical tensions, there is a sustained interest among Chinese companies in listing on U.S. stock exchanges. This trend is indicative of the global financial clout and reputation of U.S. capital markets, which offer Chinese firms access to a wider investor base and potentially higher valuations than domestic or other international exchanges. The U.S. stock market, being one of the largest and most liquid in the world, provides significant advantages for Chinese companies seeking to expand their international presence and secure capital for growth and innovation. As of October, seventeen Chinese companies raising a total of $405 million started trading on U.S. exchanges this year, according to data from IPO research firm Renaissance Capital. Last year's 14 IPOs raised a total of $468 million. VCI Global Limited (NASDAQ: VCIG), Tencent Holding Ltd. (OTC: TCEHY), Lufax Holding Ltd (NYSE: LU), Qifu Technology, Inc. (NASDAQ: QFIN)

Key Points:

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Despite regulatory challenges and geopolitical tensions, there is a sustained interest among Chinese companies in listing on U.S. stock exchanges.
VCI Global Limited (NASDAQ: VCIG), Tencent Holding Ltd. (OTC: TCEHY), Lufax Holding Ltd (NYSE: LU), Qifu Technology, Inc. (NASDAQ: QFIN)
This ongoing interest, despite regulatory and geopolitical headwinds, underscores the strategic importance and perceived benefits of U.S. listings for Chinese companies.
"During the quarter, despite the macro uncertainty, we continued to improve our operational efficiency and drive for better economic returns.
Meanwhile, we are continuing to strengthen our commercialization efficiency by integrating advertising solutions and live broadcasting across our content ecosystem.

Chinese Firms Show Resilient Interest in U.S. IPOs Despite Regulatory Hurdles

Retrieved on:

Monday, December 4, 2023

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Despite regulatory challenges and geopolitical tensions, there is a sustained interest among Chinese companies in listing on U.S. stock exchanges. This trend is indicative of the global financial clout and reputation of U.S. capital markets, which offer Chinese firms access to a wider investor base and potentially higher valuations than domestic or other international exchanges. The U.S. stock market, being one of the largest and most liquid in the world, provides significant advantages for Chinese companies seeking to expand their international presence and secure capital for growth and innovation. As of October, seventeen Chinese companies raising a total of $405 million started trading on U.S. exchanges this year, according to data from IPO research firm Renaissance Capital. Last year's 14 IPOs raised a total of $468 million. VCI Global Limited (NASDAQ: VCIG), Tencent Holding Ltd. (OTC: TCEHY), Lufax Holding Ltd (NYSE: LU), Qifu Technology, Inc. (NASDAQ: QFIN)

Key Points:

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Despite regulatory challenges and geopolitical tensions, there is a sustained interest among Chinese companies in listing on U.S. stock exchanges.
VCI Global Limited (NASDAQ: VCIG), Tencent Holding Ltd. (OTC: TCEHY), Lufax Holding Ltd (NYSE: LU), Qifu Technology, Inc. (NASDAQ: QFIN)
This ongoing interest, despite regulatory and geopolitical headwinds, underscores the strategic importance and perceived benefits of U.S. listings for Chinese companies.
"During the quarter, despite the macro uncertainty, we continued to improve our operational efficiency and drive for better economic returns.
Meanwhile, we are continuing to strengthen our commercialization efficiency by integrating advertising solutions and live broadcasting across our content ecosystem.

Lufax Reports Third Quarter 2023 Financial Results

Retrieved on:

Monday, November 13, 2023

For the third quarter of 2023, the Company's retail credit enablement business take rate[1] based on loan balance was 7.8%, unchanged from the third quarter of 2022.

Key Points:

For the third quarter of 2023, the Company's retail credit enablement business take rate[1] based on loan balance was 7.8%, unchanged from the third quarter of 2022.
C-M3 flow rate[2] for the total loans the Company had enabled was 1.1% in the third quarter of 2023, compared to 1.0% the second quarter of 2023.
Flow rates for the general unsecured loans and secured loans the Company had enabled were 1.2% and 0.7% respectively in the third quarter of 2023, as compared to 1.2% and 0.5% respectively in the second quarter of 2023.
Mr. David Choy, Chief Financial Officer of Lufax, commented, "We remained committed to our cost optimization efforts during the third quarter.

Hong Kong Web3 Festival 2024 Set to Take Place 6-9 April, 2024

Retrieved on:

Friday, November 3, 2023

HONG KONG, Nov. 2, 2023 /PRNewswire/ -- On Nov.3, Feng Xiao, Chairman of Wanxiang Blockchain and HashKey Group announced at Hong Kong Fintech Week that Hong Kong Web3 Festival 2024 will take place from 6-9 April, 2024.

Key Points:

HONG KONG, Nov. 2, 2023 /PRNewswire/ -- On Nov.3, Feng Xiao, Chairman of Wanxiang Blockchain and HashKey Group announced at Hong Kong Fintech Week that Hong Kong Web3 Festival 2024 will take place from 6-9 April, 2024.
Built upon its record-breaking 2023 event, HK Web3 Festival 2024 will feature an amazing lineup of industry guests from around the globe.
The inaugural Web3 Festival, hosted on five center stages, brought together the world's brightest minds, top Web3 projects and leading venture capitals presenting content-rich discussions and topics centered around Web3.
In-depth talks and discussions were held around AIGC, privacy computing, Web3 security, Web3 infra, Fintech, DePIN, etc.