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Latest: Fintech News

China to Tighten Facial Recognition Tech Use Rules – SCMP
China to Tighten Facial Recognition Tech Use Rules – SCMP

But the draft Cyberspace Administration of China rules also allow broad use for ‘national security’ purposes

Philippines-China Row Over Grounded Warship Heats Up
Philippines-China Row Over Grounded Warship Heats Up

A top security official said the Philippines never promised China it would remove the old warship on Ayungin shoal; Beijing's claim was a 'figment of its imagination'

China App Filings Demand Dubbed a ‘Ministry Approval Process’
China App Filings Demand Dubbed a ‘Ministry Approval Process’

Beijing’s Ministry of Industry and Information Technology is to require all apps to share business details in new oversight push

US Set to Outline Ban on Sensitive Tech Investment in China
Taiwan Chip Giant TSMC to Pump $3.8bn Into New German Fab
North Korea Hackers Breached Russian Missile Maker’s Systems
China’s Trade to the US and EU Sank Further in July, Data Shows
SoftBank Set to Finally See Green as Tech Valuations Jump
US Curbs on Investments in Critical China Tech Likely This Week
US Navy Sent to Alaska Over 11 Russia, China Warships – KTUU

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