Tuesday, December 1, 2020
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Tag: Saxo Bank

Geely Holding Group Acquires 51.5% Stake in Saxo Bank to Drive Fintech Expansion

Chinese automobile manufacturer Geely has acquired a majority stake in Danish investment bank Saxo Bank as part of efforts to expand into the fintech...

Sanya University Teams up with Saxo Bank to Launch Fintech Academy

Sanya University in Hainan Province has announced the launch of a new fintech academy in collaboration with Denmark's Saxo Bank. The Saxo Fintech Business School...

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Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...