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AntBank (Hong Kong) open

Ant Bank (Hong Kong), a subsidiary of Ant Group, officially opened its doors Mon, offering 7/24 electronic banking services to HK residents. Local users are now able to download the app on their mobile devices and open accounts remotely in 3 mins with a permanent identity card and a Hong Kong phone number. Bank code 393, branch code 753, swift code ASEHHKHH.

Hong Kong Monetary Authority (HKMA) has announced a grand total of eight virtual banking license recipients.

  • WeLab (Li Ka-Shing Backed)
  • Ant SME (Ant Financial)
  • Livi VB ( Bank of China HK, JD Digits, and Jardines )
  • Zhong An Virtual Finance
  • PingAn One Connect
  • SC Digital ( Standard Chartered with PCCW Limited, HKT and Ctrip Hong Kong )
  • Infinium ( Tencent, ICBC, Hong Kong Exchanges and Clearing (HKEX), Hillhouse Capital, and investment from Adrian Cheng, via Perfect Ridge Limited. )
  • Insight Fintech ( Xiaomi and AMTD Group )
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Ant Financial, Alibaba’s payments arm IPO

Ant Financial, Alibaba’s payments arm & one of the world’s top fintech companies, announced on Monday its long-awaited IPO with a dual listing in Shanghai and Hong Kong soon. The company is valued at roughly $150 billion.
US-listed Chinese tech firm Alibaba’s shares opened 4% higher on Monday, after Alibaba’s financial arm Ant Group announced that it has commenced a concurrent IPO process on the Shanghai Stock Exchange’s Science and Technology Innovation Board and the Hong Kong Stock Exchange.