CATL is the world's top EV battery maker. (Getty Images)
Happy almost Friday, folks!
Hope everyone is enjoying the good weather. If you’re in New York, how’s Fintech Week treating you? If you’ve attended any TWIF-hosted events, we’d love to hear your feedback.
Here’s a quick roundup of this week’s updates—enjoy!
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Licensing & Regulations
US House Committee pressure JPMorgan and Bank of America to withdraw from CATL’s $5B Hong Kong IPO over links to Chinese government.
China clarifies cross-border data transfer rules with new official guidance, aiming to standardize compliance for businesses handling sensitive information.
China and Vietnam agree to accelerate QR code payment interoperability, enabling direct transactions between consumers in both markets.
Shanghai unveils a new cross-border financial services action plan to streamline capital flows and expand fintech pilot programs.
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Product & Partnership Launches
OSL partners with Fosun Wealth Holdings to provide institutional-grade crypto trading solutions in Hong Kong, combining traditional finance and digital asset infrastructure.
ChinaAMC Hong Kong becomes the first Asian firm to explore Ethereum ETF staking, targeting institutional investors seeking crypto yield opportunities. ChinaAMC will collaborate with OSL.
HashKey launches an XRP Tracker Fund in Hong Kong, with Ripple being an early investor, to meet growing demand for diversified crypto investment products.
HSBC collaborates with Huatai Securities to offer Hong Kong investors access to mainland China’s onshore wealth management products.
MoneyHero Group launches an AI-powered end-to-end digital car insurance platform in Hong Kong, featuring real-time pricing and claims processing.
Other News
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