The sudden halt to Ant Group Co.’s giant initial public offering left investors hanging, employees shellshocked and shareholders trying to come to grips with why China pulled the plug on the record-breaking deal when it was so close to the finish line.
We all know that 2020 has been a total paradigm shift year for the fintech world (not to mention the rest of the world). Our financial infrastructure of the globe has been pushed to its limits. As a result, fintech companies have either stepped up to the plate or hit the road for good.
HSBC Global Asset Management and Pollination Group, a specialist climate change advisory and investment firm, today announced that they have entered into a joint venture to establish HSBC Pollination Climate Asset Management.
With Airbnb filing paperwork for an initial public offering last week, it became the latest of many companies to pursue a confidential IPO, which experts say allows for more flexibility and can be more advantageous than the traditional route of filing an S-1 months ahead of time.
New fintech newsletters covering topics ranging from neobanks to BigTech to cryptocurrencies to super apps have emerged over the past year. There are newsletters out there doing a good job of reporting what’s going on in fintech. This list includes seven doing a great job of explaining what it means.
Beijing has announced it is launching a major expansion of trails to test a digital version of its yuan currency. China’s ministry of commerce said on Friday the new digital currency, known as DC/EP, or digital currency/electric payment, would be trialed in cities across the country’s most-developed regions.
Standard Chartered has announced a three-year partnership with Microsoft in a bid to accelerate the emerging market-focused bank’s digital transformation through a cloud-first strategy.
Equity funds suffered a second consecutive month of outflows in July, while fixed income funds enjoyed another month of strong inflows, according to the latest Fund Flow Index from Calastone, the largest global funds network.
HSBC Singapore has launched the AI Powered US Equity 5 Index (AiPEX5) and the bank’s first index-linked Structured Note to utilise artificial intelligence (AI) as a method for equity investing.
One of the most interesting disconnects in the market today is how VC Twitter discusses successful IPOs and how the CEOs of those companies view their own public market debuts.
HSBC has been approved to set up an office in the Gujarat International Finance Tech (GIFT) City, one of India’s largest special economic zones (SEZs), it was announced yesterday.
The expansion of digital banking will continue in 2020, according to a new survey, with ‘digital challengers’ looking to extend their reach at the expense of traditional high street banks.