Chinese money brokers based in Mexico “have come to dominate international money laundering markets,” U.S. prosecutors have said. ( read original story …)
FINANCE
Global finance falls victim to China’s spyware campaign
If the allegations are true, local units of foreign companies operating in China as well as global financial institutions will be exposed to the risk. But, while some countries are taking urgent steps … (…
Bank of China fined over crude oil futures product
China’s banking regulator said Saturday it has made administrative punishment decisions and taken regulatory measures following an investigation into a risk incident related to a crude oil futures … ( read original story …)
Former opposition lawmaker Ted Hui lands in London to begin self-exile, only to find Hong Kong bank accounts frozen
Former opposition lawmaker Ted Hui Chi-fung arrived in Britain at the start of the weekend to start his self-imposed exile, only to find that his Hong Kong bank accounts appeared to have been frozen. (…
China Regulator Fines Bank of China for Risk-Management Flaws
China’s financial regulator fined Bank of China Ltd. 50.5 million yuan ($7.7 million) for risk-management transgressions after the price of one of the lender’s crude oil futures products collapsed, … ( read original story …)
JD.com becomes first online platform to accept China’s digital currency
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 …)
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…
