Chinese tech companies seeking to sell their shares in Hong Kong, a special administrative region of China, won’t have to pass a tough new cybersecurity review, Bloomberg reported. Instead, only those seeking to list in places such as New York, London or Singapore will need to get the government’s cybersecurity approval. All companies seeking to list outside the mainland will still need to...
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Fintech’s Big Wakeup Call
Fintechs were supposed to transform banking by making it dead simple for users to open savings accounts or pay their bills. But a series of recent high-profile setbacks with both fintechs and the traditional banking sector is setting off alarm bells. This month’s series of bank collapses has shined a spotlight on the health of small banks, typically a behind-the-scenes partner of...
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