63 h. ago Hong Kong’s easier redomiciling policy ‘attracts 150 inquiries from companies’

Authorities have received about 150 inquiries from companies about transferring their legal domicile status to Hong Kong after the recent passage of a law making it easier for businesses to establish themselves in the city, the treasury minister has said. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu also said on Saturday that about 180 family offices had been set up or expanded their operations in Hong Kong this year, putting the city on track to surpass its...

Events

5 d. ago Ant International pursues ‘holy grail’ for fintech with agentic AI platform

Ant International, a spin-off from Ant Group, has launched an agentic artificial intelligence (AI) tool called the Alipay+ GenAI Cockpit, to deliver more efficient payments and compliance capabilities in the financial services industry. The Singapore-based company said the tool, described as an AI-as-a-Service (AIaaS) platform, enables fintech companies to build agentic AI systems as well as “AI-native financial services” for facilitating payments and compliance checks. Ant Group is the fintech...

Politics

1 week ago Ant International: numerical AI is the GPT of financial services

Ant International predicts that its artificial intelligence (AI) model for foreign exchange (FX) could have as large an impact on financial services as OpenAI’s large language model (LLM) GPT has had in the broader business world. The Time-Series Transformer (TST) AI FX Model developed by the Singapore-based fintech company focuses on numerical data prediction rather than content generation. Kelvin Li, general manager of the company’s platform tech business unit, called it “another track to AI”,...

Politics

2 w. ago Chinese drone maker EHang sees regular flying taxi services by 2030

Flying taxis could be used for public transport within the next five years on the mainland, according to a senior executive of Chinese passenger drone maker EHang Holdings. “I believe that by 2030, China will likely have fixed-route air shuttle services,” chief financial officer Conor Yang said in an interview on Tuesday. “It’s also possible that in some cities, with sufficient infrastructure such as take-off and landing points, air taxi services could emerge.” The Nasdaq-listed developer of...

Events

3 w. ago Ant Group’s global unit pulls in US$3 billion in revenue ahead of spin

Ant International could fetch an IPO valuation of between US$8 billion to US$24 billion if it lists in Hong Kong, analysts say.

Economics

4 w. ago Hong Kong’s John Lee starts Gulf visit, reveals host of deals to be signed

City leader says deals will cover trade and investment promotion, financial services, innovation and technology, and cultural tourism.

Politics