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The founder also warns staff to focus on ‘safety, not speed’ when venturing into new fintech services like loans and insurance, according to Chinese media reports and people familiar with the situation.
The Journey Towards Cashless Payments in Hong Kong - OPP.Today
Some platforms have grown in popularity since pandemic, but merchants complain about relatively high transaction fees for e-payment systems, say they prefer cash.
SHANGHAI/HONG KONG: Dylan Run, a Shanghai-based finance sector executive, started moving a bit of his money into cryptocurrencies in early 2023, when he realized that the
Chinese investors are turning to cryptocurrencies as a safe haven amid the country's economic downturn and crumbling stock and property markets. Despite a ban on cryptocurrency trading and mining, Chinese investors are finding ways to trade through grey-market dealers and crypto exchanges in Hong Kong. Chinese brokers and financial institutions are also exploring crypto-related businesses in Hong Kong to generate growth.