Ant Financial, Tencent win HK virtual bank licences

Source: Dukascopy Bank SA
The Monetary Authority of Hong Kong granted their approval to issue the virtual banking licences to four entities, including Ant Financial and Tencent Holdings, aiming to encourage financial innovation in ex-Britain's colony.
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Sun, 12 May 2019 02:50:54 GMT

Guangqi Honda to phase out 3.3K vehicles

Guangqi Honda Automobile is set to recall 3.316 imported cars in China starting from May 13, including the Acura MDX model, produced between September 2013 and August 2017, the country's State Administration for Market Regulation reported.

Sun, 12 May 2019 02:28:37 GMT

Mitsubishi, MUFG Bank to invest $1.63B in Chiyoda

The trading house Mitsubishi and MUFG Bank are set to extend the total of $1.63B in their funding to Chiyoda, sending about 30 managers and executives in a move to assist the plant-engineering company with recovering from its massive losses.

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