Is it a bank? Is it a fund manager? Chocolate Finance meltdown highlights need for clear distinction

businesstimes03-20

[SINGAPORE] For less-savvy investors, wealth investing platform Chocolate Finance appears to offer some sweet deals. But industry watchers warn that customers must always read the fine print.On its ...

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Is it a fund manager? Chocolate Finance meltdown highlights need for clear distinction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-20 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/it-bank-it-fund-manager-chocolate-finance-meltdown-highlights-need-clear-distinction><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[SINGAPORE] For less-savvy investors, wealth investing platform Chocolate Finance appears to offer some sweet deals. But industry watchers warn that customers must always read the fine print.On its ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/it-bank-it-fund-manager-chocolate-finance-meltdown-highlights-need-clear-distinction\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2413666004.HKD","symbol_name":"BNP PARIBAS AQUA \"CRH\" (HKDHDG) INC","start_time":0,"source_url":"https://www.businesstimes.com.sg/companies-markets/it-bank-it-fund-manager-chocolate-finance-meltdown-highlights-need-clear-distinction","article_id":"2520433105","we_media_id":null,"thumbnails":[],"rights":{"source":"bustime_highlight","url":"https://www.businesstimes.com.sg/companies-markets/it-bank-it-fund-manager-chocolate-finance-meltdown-highlights-need-clear-distinction","rn_cache_url":null,"customStyle":"","selectors":"body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2520433105","pubTimestamp":1742433173,"columns":[],"sourceInfo":{"source_id":"bustime_highlight","name":"The Business Times"},"weMediaInfo":null,"summary":"The two may have overlapping traits, but industry watchers say the differences must be made obvious to customers","collect":0,"end_time":0,"defaultTopTitle":"businesstimes.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2413666004.HKD":"BNP PARIBAS AQUA \"CRH\" (HKDHDG) INC","LU1721427968.SGD":"BNP PARIBAS AQUA \"CRH\" (SGDHDG) INC","LU2500361329.USD":"NORDEA 1 GLOBAL SUSTAINABLE LISTED REAL ASSETS \"B\" (USD) ACC","BK4585":"ETF&股票定投概念","LU2413665964.HKD":"BNP PARIBAS AQUA \"C\" (HKD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU2637428348.USD":"NORDEA 1 GLOBAL SUSTAINABLE LISTED REAL ASSETS \"MP\" (USD) INC","LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","BK4588":"碎股","BK4208":"复合型公用事业","LU1543694498.USD":"法巴水资源基金RH MD Dis","LU1620156130.USD":"BNP PARIBAS AQUA \"C\" (USD) ACC","LU1620156213.USD":"BNP PARIBAS AQUA \"C\" (USD) INC","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","BK4086":"建筑产品","LU1596574779.USD":"BNP PARIBAS AQUA \"C\" (USDHDG) ACC","CMS":"CMS能源","MAS":"马斯科","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU2346227817.USD":"BGF SUSTAINABLE GLOBAL INFRASTRUCTURE \"A2\" (USD) ACC","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC"},"translate_title":"是银行吗？是基金经理吗？巧克力金融崩溃凸显了明确区分的必要性","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CMS":1,"MAS":1},"content_text":"[SINGAPORE] For less-savvy investors, wealth investing platform Chocolate Finance appears to offer some sweet deals. But industry watchers warn that customers must always read the fine print.On its homepage, Chocolate Finance dangles the prospect of “a new place for your spare cash”, with “happy returns” of 3.3 per cent a year on the first S$20,000, and 3 per cent annually on the next S$30,000.Customers are also promised that they can withdraw their money any time, with no restrictions or penalties. And there is the Chocolate Visa debit card, which allows you to “spend with ease” and enjoy “probably the best FX rates in town”.Some observers say the firm had marketed itself like a bank. 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