Markets by Trading view
Indonesia has already embraced new, innovative technologies related to FinTech and digital assets and is spearheading the digitalisation push in South-East Asia. Yet, at the same time, millions of adults in the country are not formally banked and have little access to lending. In many ways, it is a highly advanced economy that nonetheless has many of the characteristics of a third-world country.
Earlier in December we heard the news that Binance had withdrawn its application to obtain a cryptoexchange licence in Singapore. This followed frequent clashes with the regulator in Singapore, which in September prompted Binance to ban its users in the country from trading on its global platform.
Standard Chartered or StanChart is not a bank that is shy about it’s aspirations when it comes to China. Many of the speakers at this year’s Sibos have talked about China as well. Apart from CBDCs, digital transformation and the generous plethora of leaders involved in this years’ event, the Regulator and the Customer were also talking points.
The opening months of MSCI’s new China indexes should serve as a warning. The CCP works in unpredictable ways, and sometimes in a manner that is deliberately economically damaging. For this reason, returns in China can never be taken for granted.
he Real Estate industry accounts for more than 15% of China’s economy. 62-year old Hui Ka-yan owns 76 percent of Evergrande, China’s second largest property developer by sales. However, with the South China Morning Post reporting liabilities of more than $305 billion, Hui’s investment might be too big to ignore.

Trending

Sign up for our free newsletter and receive the latest banking and fintech stories, straight to your inbox - every week