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Latest: Fintech News

JD.com Cuts Exec Salaries Under ‘Common Prosperity’ Pressure
JD.com Cuts Exec Salaries Under ‘Common Prosperity’ Pressure

JD.com CEO Liu Qiangdong also plans to donate 100 million yuan to a special fund to help children of JD employees

China’s Ant Group Seen Facing $1bn-Plus Fine After Big Revamp
China’s Ant Group Seen Facing $1bn-Plus Fine After Big Revamp

Chinese regulators likely to fine Ant in the second quarter of next year for 'disorderly expansion of capital', once the fintech giant nears the end of a major two-year-long overhaul, sources say

Russian E-Commerce Group Opens Office in China to Lift Sales
Russian E-Commerce Group Opens Office in China to Lift Sales

Online retailer Ozon Holdings said on Monday it was opening an office in Shenzhen in China to boost cross-border sales to Russian shoppers on its platform

China’s Key Money Rate Sinks Close to 2-Year Low
TSMC to Launch New Arizona Chip Plant on December 6
TSMC Boss Was Told No Need to Avoid Xi at APEC
Taiwan Talks To China’s Xi Jinping in Rare Encounter at APEC
Taiwan’s TSMC Founder Meets Kamala Harris to Talk Microchips
Hong Kong Crypto Retailer to Close as FTX Shockwave Hits
Vanuatu Services Hit by Cyber Attack, Ransom Demand – BBC

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Fintech: The Big Picture

Can 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