Latest: Fintech News
US to broaden its export controls and announce new sanctions on financial institutions and non-banks that help the Russian military with chips, tech and goods, sources say
Chinese blue chips fell 1.2%, having been shut on Monday, while the Hang Seng Index was down 1.04% and the yuan hit a seven-month low.
World's richest entrepreneur claims integrating OpenAI in Apple's operating system would be a security risk, but he is also suing OpenAI and developing a rival AI chatbot
Aggressive discounts have raised turnover for firms like e-commerce giant Pinduoduo, but economists fear they entrench a Japanese-style deflationary mindset in consumers
Trump’s remarks are a sharp U-turn from his earlier stance on the app, given it was he who began the US crusade against TikTok during his presidency in 2020
BYD is building it first plant in Hungary, while Leapmotor will use a Stellantis factory in Poland, as Chery eyes production in Spain and possibly Italy; Great Wall, SAIC and Dongfeng are also assessing opportunities
Small Chinese banks funding deals with Russia will be discussed at the summit in Italy amid concern China is bolstering "the Russian war machine."
Myanmar, Cambodia and Laos are key sites of scam operations, but most ASEAN nations facilitate the trafficking of thousands of people forced to work in horrific enclaves, then help launder the proceeds, report says
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"
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
