Chinese e-commerce company JD.com Inc said on Saturday it has become the country’s first virtual platform to accept Beijing’s homegrown digital currency. ( read original story …)
FINANCE
China wants to weaponize its currency. A digital version could help
China wants to break the US dollar’s stranglehold on the global financial system and gain greater control over how people spend their money. It’s hoping a digital currency could deliver both. After … ( read…
Singapore issues four digital bank licences, holds back on one
Alibaba’s Ant Group and joint bidders Grab and Singtel are amongst bidders that have snagged licences to offer digital banking services in the country — targeted to commence early-2022 — though, the … ( read…
Grab, Sea And Ant Chosen To Receive Digital Banking Licenses In Singapore
The Monetary Authority of Singapore chose four firms to receive digital banking licenses, including Singapore-based Sea Ltd. and technology group Singtel. ( read original story …)
Ant Group wins Singapore digital wholesale banking licence
Ant Group, which won one of two wholesale banking licences in Singapore, wants to expand in Southeast Asia, South Asia, Africa and the Middle East, say sources. ( read original story …)
Singapore’s four new digital bank licences embrace Chinese and home-grown potential
China has done very well out of Singapore’s new digital banking regime, with Ant and Tencent both represented. Grab and Singtel fly the local flag. ( read original story …)
Grab-Singtel and Ant Group win digital bank licenses in Singapore
Singapore on Friday granted four firms including Ant Group and Grab the licenses to run digital banks in the Southeast Asian country, in a move that would allow tech giants to expand their financial ……
Norway Central Bank Deputy Governor Resigns Over China Ties
The deputy governor of Norway’s central bank, which oversees the world’s biggest sovereign wealth fund, is stepping down immediately after failing to get security clearance due to his ties to China. ( read original story…
Singapore to have 4 digital banks, with Grab-Singtel and Sea getting digital full bank licences
Digital banks will not have a physical presence and all banking services will be done online.. Read more at straitstimes.com. ( read original story …)
Norway’s central bank deputy governor Jon Nicolaisen resigns over China ties
Norway’s deputy central bank governor with responsibility for the world’s largest sovereign wealth fund has been forced to resign due to security concerns over his Chinese wife. Jon Nicolaisen, who … ( read original story…
US discussing ‘deal’ allowing Huawei’s CFO to return to China
The US Department of Justice is discussing a deal with Huawei Technologies chief financial officer Meng Wanzhou that would allow her to return home to China from Canada, where she was arrested on a US…
Grab among digital bank bid winners in Singapore
SINGAPORE: Ventures linked to the super-app Grab and the Alibaba-owned Ant Group are among four winners of digital banking licences in Singapore, in the biggest banking liberalisation initiative in … ( read original story …)
CORRECTED-China warns of risks of inflated credit ratings amid bond defaults
China’s interbank bond market regulator has warned of the risk of inflated credit ratings and widespread industry problems following a review, after defaults by highly rated state-owned enterprises … ( read original story …)
