In Hong Kong, Ant Group finds an anchor for its global fintech ambitions
Business
NewsWritten by Cheng ZiPublished on 4 Nov 20254 mins read
Ant Group is deepening its global ambitions through Hong Kong, positioning the city as a central base for cross-border financial innovation and enterprise growth. The company’s chairman, Eric Jing, outlined this direction during the tenth Hong Kong Fintech Week, underscoring Hong Kong’s unique role as both a regulatory testbed and an international hub for Chinese companies expanding abroad.
The announcement comes as Hong Kong strengthens its credentials as a regulated digital finance center. In August, the city’s first stablecoin law took effect, requiring issuers of fiat-referenced stablecoins to obtain licenses from the Hong Kong Monetary Authority (HKMA). The move reinforced the territory’s efforts to balance innovation with oversight, an approach Jing described as “visionary and prudent.” He added that Ant’s long-term commitment aligns with Hong Kong’s drive...