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Latest: Fintech News

China’s Top Financial Data Provider, Wind, Cuts Foreign Access
China’s Top Financial Data Provider, Wind, Cuts Foreign Access

Sources say the cyberspace regulator ordered Wind to stop providing offshore users with certain data; other data providers have also restricted data access as geopolitical tensions rise

China Cool on ‘Interfering’ NATO’s Plan for an Office in Japan
China Cool on ‘Interfering’ NATO’s Plan for an Office in Japan

China condemns NATO's 'continual eastward expansion' suggesting its plan to have a liaison office in Japan is an 'attempt to destroy regional peace and stability'

US Senators Launch 2nd Multi-Pronged China Competition Bill
US Senators Launch 2nd Multi-Pronged China Competition Bill

'China Competition Bill 2.0' will seek to limit advanced tech and capital going to China; boost curbs on buying US land and restrict foreign computer apps; and deter China from conflict with Taiwan

AI ‘Godfather’ Quits Google, Warns of ‘Risk To Humanity’ – NYT
US Chip Sanctions Have Hardly Impacted China’s AI Capability
China Lifts PLA Recruitment Amid Space, Cyber Warfare Push
US Lawmakers Demand Supply Chain Check Before Shein IPO
Malaysia Warned by US, EU Over Huawei 5G Role Bid – FT
Mintz Executive Caught in China’s Growing Web of Exit Bans
Jack Ma to be a Visiting Professor at Tokyo University

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