Latest: Fintech News
Gary Gensler said it was 'nearly unavoidable’ that the next financial crash would be sparked by an AI model being used somewhere in the banking system
With nearly $11 billion of offshore bonds and $6 billion of offshore loans, a default by Country Garden would set the stage for one of China's biggest corporate debt restructurings
Analytics firms say Hamas militants received millions in crypto payments prior to the surprise attack on Israel; hundreds of digital wallets connected to the terror group have since been shut down
US officials are fine-tuning export restrictions imposed on computer chips sold to China; new rules are likely to be announced this week, sources have said
The Narendra Modi-government is now holding consultations with the electronics industry and a new order on laptop imports will be announced by the end of October
The data released by China’s customs department marked a small improvement for the country, which saw an 18.5% decline in chip imports in the first half of the year
Sources say Wang is being investigated in relation to a probe into Zhu Congjiu, a former senior official at Chinese securities regulator CSRC
TSMC said the US had advised it to apply for a "validated end-user" authorisation, which would serve as a permanent authorisation for its China operations
Researchers at University of Science and Technology of China say their 'Jiuzhang' quantum computer prototype pushes calculation speeds to new highs
Exports and imports fell by 6.2% over 2022 - margins that were less than August, however multiple economic challenges remain
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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