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CICC, Citigroup, JPMorgan, and Morgan Stanley will be advisers on the Hong Kong Ant Group’s listing plan, while CICC and CSC Financial will underwrite the Shanghai leg of the IPO.China’s largest fintech company Ant Group, formerly known as Ant Financial Services Group or Alipay, is planning to go public. On
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OSL Digital Securities was the first crypto exchange to apply for the SFC's opt-in license last November. Source
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The Ant Financial management believes that their move to go for an IPO and become a public company will enhance transparency to their stakeholders.In an initial public offering (IPO) set to be debuted on two stock exchanges, Chinese fintech firm Ant Financial Service Group is set to raise capital to
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Ghost Coin, the proof-of-stake privacy coin led by John McAfee, can now be used in vending machines in Hong Kong Disneyland.Ghost announced on Twitter that it partnered with crypto payment system ivendPay to deploy the coin in over 60 vending machines around Hong Kong, even those in Hong Kong Disneyland. “When
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[sociallocker id="55298"] Blockchain firms are increasingly dominating Hong Kong’s financial technology sector, with 39% of new firms launching in the country’s fintech industry last year operating with distributed ledger technology, or DLT.According to Hong Kong’s Financial Services and Treasury Bureau, DLT represents an increasingly dominant share of the country’s new
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[sociallocker id="55298"] Just recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t
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[sociallocker id="55298"] Chinese authorities have released a master plan for turning southern island province Hainan into a free trade port, Xinhua news reports on June 1. A trade port system will focus on facilitating free trade, investment and cross-border capital flows in the whole island.Government institutions reformThe master plan encourages
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More blockchain companies set up shop in Hong Kong in 2019 than firms from any other fintech sub-sector, according to a report from the region’s Financial Services and the Treasury Bureau. Representing 39% of the 57 fintechs that InvestHK, the government-owned inward investment advocate, wooed last year, blockchain outgrew the wealth
Read MoreAfter Roger Ver posted a video of a Hong Kong vending machine accepting Bitcoin Cash (BCH) and not Bitcoin (BTC), trader and YouTuber Tone Vays claimed Ver paid for the vending machine to avoid accepting BTC. Ver denied such claims. Ver demoed a Honk Kong vending machine accepting BCHVer, an outspoken
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According to a Bloomberg report published on April 19, 2020, Hong Kong-based Venture Smart Asia Ltd. Has launched the country’s first approved cryptocurrency fund that targets a first-year size of $100 million. The fund gives an official opportunity to institutional investors to add some Bitcoin (BTC) exposure to their portfolios. Hong
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