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Chubb converts Huatai Insurance to Sino-foreign joint venture

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 Insights

02-Mar-19 Chubb Insurance has received approval from the China Banking & Insurance Regulatory Commission to increase its ownership in Huatai Insurance Group, making Huatai the first Chinese financial services holding company to convert to a Sino-foreign equity joint-venture. [image: Body Shop Business]

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Ant, Tencent, Xiaomi seek Hong Kong digital banking licenses

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 Insights

21-Feb-19 Hong Kong authorities are preparing to issue digital banking licences to six companies including internet and gaming group Tencent, Ant Financial, the payments business of e-commerce giant Alibaba, smartphone maker Xiaomi and insurer ZhongAn. [image: Bloomberg]

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Ripple makes waves in Southeast Asia

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 Insights

13-Feb-19 Ripple, a real-time settlement system, currency exchange and remittance network, is extending its Asia and Middle East networks via two Emirates-based remittance businesses, UAE Exchange and Unimoni, that will link with Thailand's Siam Commercial Bank using Ripple’s blockchain-led platform. [image: Ripple]

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