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Latest: Fintech News

China’s Big Banks Cut Rates, Prepare to Lower Mortgages
China’s Big Banks Cut Rates, Prepare to Lower Mortgages

State lenders have moved to ease pressure on their margins as part of a move to bolster the ailing property sector; home buyers will able to apply for lower interest rates from September 25

Baidu, SenseTime Launch ‘ChatGPT’ Bots After Beijing Approval
Baidu, SenseTime Launch ‘ChatGPT’ Bots After Beijing Approval

China's leading online search provider was among five outfits allowed to release their AI bots to the public, sending tech shares upwards

Rumours of 5G Chip in New Huawei Phone Fuel China Chip Rally
Rumours of 5G Chip in New Huawei Phone Fuel China Chip Rally

If true, the development of a homegrown 5G chip would mark a win for China's local semiconductor sector, which has seen stock market gains of roughly 8% so far this week

Foxconn’s $10bn Wisconsin Plant Plan a Fading Memory – engadget
China’s Guangzhou Eases Mortgage Rules to Help Housing Market
China Says Doors Will Open Wider, After Raimondo Bombshell
Meta Links Chinese Law Enforcement to ‘Spamouflage’ Posts
Presidential Runner Gou Dismisses Foxconn Links Threat – Insider
Raimondo, China’s Leaders Discuss Range of Hot Trade Concerns
Toyota Stops Work at Japanese Plants Due to System Failure

Fintech: The Big Picture

ASML in the Centre of the Chip War

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