Latest: Fintech News
China's exports saw yearly growth in May, with a better yuan exchange rate and firms shipping early ahead of tariff increases in foreign markets
TSMC's new chairman has hailed hailed OpenAI CEO Sam Altman's $7-trillion plan to create new fabrication plants for artificial intelligence as "too aggressive for me to believe"
Political factors may be involved in the crackdown, which comes as over a billion packages, averaging around $50 in value, are forecast to arrive in the US this year
TSMC is currently prohibited from producing advanced processors for China, as it uses American chipmaking tools, and hence falls under the purview of recent sanctions
The 5-gigawatt (GW), 200,000-acre solar farm in Xinjiang came online on Monday, the Power Construction Corp of China said
The country's central bank has provided a huge sum to protect Saigon Joint Stock Commercial Bank after it was rocked by a record financial fraud
"Beijing and Moscow were discussing ring-fencing one or more banks that would finance trade in components for Russia's defence industry" - likely to incur US sanctions
The Modi government – widely expected to be returned to power this week – has plans to increase India's share of global manufacturing to 5% by 2030 and 10% by 2047
The investment is part of Saudi efforts to prevent “Silicon Valley dominating this industry,” FT reported, citing a source close to the Aramco-linked fund
Ministry of Justice investigators named Luxshare Precision Industry as one of eight Chinese companies "that came to Taiwan to illegally engage in the poaching our high-tech talents."
In This Section
AF Fintech Insights
-
Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
Recommended: AI News
Recommended: Crypto News
Recommended: Blockchain News
AF TV: Fintech Videos
Fintech: The Big Picture
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
-
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
-
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.
-
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.
-
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
Asia Financial is owned by Capital Link International Holdings Ltd, 902, Wilson House 19-27 Wyndham Street, Central, Hong Kong. www.capitallinkintl.com
