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Latest: Fintech News

China Starts Merging State Brokerages, to Create $226bn Giant
China Starts Merging State Brokerages, to Create $226bn Giant

Guotai Junan bids for Shanghai rival Haitong Securities, after Beijing called for mergers in a sector with over 140 local and foreign players. It wants about 10 leading institutions in coming years.

China Students Told ‘Beautiful Women, Handsome Guys’ Could Be Spies
China Students Told ‘Beautiful Women, Handsome Guys’ Could Be Spies

Beijing spy chiefs have cautioned students that they could be targeted by attractive operatives working for foreign entities

US Push to Curb China Chip Tech Economically Motivated: ASML CEO
US Push to Curb China Chip Tech Economically Motivated: ASML CEO

"I think to make the case that this is about national security is getting harder and harder" said Christophe Fouquet

UK Study Found AI Models’ Responses Collapsed Into Nonsense
Data Centre Boom Will Boost Clean Power Drive: Morgan Stanley
Facebook Partner Says Phone Apps Spy on Users for Adverts
Humans Defeat AI Model in Document Summary Test – Crikey
Call for US Product Safety Probe of Items Sold on Shein, Temu
China Behind Online US Election Propaganda Campaign: Researchers
China Likely to Spend $50 Billion on Chip Equipment This Year

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