BRIEF: Yunfeng Financial licensed to deal in virtual assets
Fintech insurance provider Yunfeng Financial Group Ltd. (0376.HK) said on Tuesday the Hong Kong Securities and Futures Commission approved a request to upgrade its current securities-dealing license to also include…
BRIEF: Citibank leaves UnionPay amid retail business wind-down
Electronic transfer settlements company China UnionPay recently announced that it has terminated the membership of Citibank (China) Co. Ltd., confirming Citibank initiated the move as part of its withdrawal from…
INDUSTRY NEWS WRAP: Nasdaq to crack down on small Chinese listings
The exchange operator’s proposed new rules would require all new Chinese IPOs to raise at least $25 million By Doug Young The Nasdaq on Wednesday proposed new listing standards…
BRIEF: Yunfeng invests $44 million for 10,000 ether tokens
Yunfeng Financial Group Ltd. (0376.HK) said on Tuesday it purchased 10,000 ether tokens on the open market for $44 million. Funds for the purchase came from the company's internal reserves,…
BRIEF: FWD reports $47 million profit in first half of 2025
Insurance company FWD Group Holdings Ltd. (1828.HK) said on Friday its new business sales, measured by annualized new premiums, jumped 38% year-on-year to $1.25 billion in the first-half of this…
BRIEF: Shouhui returns to profit on financial instrument gains
Insurance intermediary services provider Shouhui Group Ltd. (2621.HK) saidon Thursday it expects to report a net profit of between 660 million yuan ($92 million) and 680 million yuan for the…
BRIEF: LexinFintech’s revenue dips on drop in credit facilitation business
Online loan facilitator LexinFintech Holdings Ltd. (LX.US) on Thursday reported its revenue fell slightly in the second quarter, as strong growth in its tech empowerment services wasn’t enough to offset…
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