Hong Kong Monetary Authority

Hong Kong unveils fintech strategy to future-proof city in AI and tokenization

amefika7 months ago03 mins

Hong Kong launched a five-year fintech strategy on Monday, pledging to promote artificial intelligence and tokenization initiatives responsibly to strengthen the city’s position as a leading fintech hub. The Hong Kong Monetary Authority (HKMA), which unveiled the plan at the flagship Fintech Week conference, said it expected to launch more than 40 initiatives to embed…

Chinese tech giants suspend stablecoin plans after Beijing intervenes, reports Financial Times

amefika8 months ago02 mins

(Reuters) -Chinese tech giants including Alibaba-backed Ant Group and e-commerce group JD.com have paused plans to issue stablecoins in Hong Kong after the government raised concerns about the rise of private sector-controlled currencies, the Financial Times reported on Saturday. The companies have put their stablecoin ambitions on hold after receiving instructions from Chinese regulators, including…