It is more towards being part

2022-04-29

It is more towards being part of Chinese concept stocks rather than winning license

Sea and Grab Stocks Jumped More Than 7% in Morning Trading

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Comments

NinaEmmie
2022-04-29
NinaEmmie
Great point of view! Indeed, for example, to become part of the concept stock, it is not very important to obtain a license.
PageDickens
2022-04-29
PageDickens
I quite agree with you! Become a Chinese concept stock will have better development.
PorterLamb
2022-04-29
PorterLamb
you are right! In any case, I hope China concept stocks can rise as soon as possible!

Leave a comment

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Both companies secured Singapore digital bank licences in 2020.</p><p>The other 3 winners include an e-wallet company Boost Holdings and RHB Bank consortium, a consortium of Aeon Financial Service, Aeon Credit Service and US-listed fintech firm MoneyLion, as well as a consortium led by KAF Investment Bank. Boost is a unit of Malaysia’s telecommunications group Axiata, while MoneyLion is co-founded by Malaysian Foong Chee Mun.</p><p>There were a total of 29 consortia that applied for the digital bank licences in June 2020.</p><p>In a media statement, Bank Negara Malaysia said the assessment criteria cover the character and integrity of applicants, nature and sufficiency of financial resources, soundness and feasibility of business and technology plans, as well as the ability to address financial inclusion gaps.</p><p>The successful applicants will undergo a period of operational readiness that will be validated by Bank Negara Malaysia through an audit before they can commence operations. 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As businesses move online, digital banking also provides a safer and a more convenient way to transact,” she added.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings","SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199070862","content_text":"Sea and Grab stocks jumped more than 7% in morning trading.TWO Singapore-based consortia are among one of the 5 winners that bagged Malaysia’s digital bank licences.According to Bank Negara Malaysia on Apr 29, a consortium led by GXS Bank and Kuok Brothers, and another consortium led by Sea Limited and YTL Digital Capital, were among the 5 winners.GXS Bank is a Grab-Singtel consortium, while the New York Stock Exchange-listed Sea Limited is the parent company of e-commerce platform Shopee. Both companies secured Singapore digital bank licences in 2020.The other 3 winners include an e-wallet company Boost Holdings and RHB Bank consortium, a consortium of Aeon Financial Service, Aeon Credit Service and US-listed fintech firm MoneyLion, as well as a consortium led by KAF Investment Bank. Boost is a unit of Malaysia’s telecommunications group Axiata, while MoneyLion is co-founded by Malaysian Foong Chee Mun.There were a total of 29 consortia that applied for the digital bank licences in June 2020.In a media statement, Bank Negara Malaysia said the assessment criteria cover the character and integrity of applicants, nature and sufficiency of financial resources, soundness and feasibility of business and technology plans, as well as the ability to address financial inclusion gaps.The successful applicants will undergo a period of operational readiness that will be validated by Bank Negara Malaysia through an audit before they can commence operations. 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Indeed, for example, to become part of the concept stock, it is not very important to obtain a license.","text":"Great point of view! Indeed, for example, to become part of the concept stock, it is not very important to obtain a license.","html":"Great point of view! Indeed, for example, to become part of the concept stock, it is not very important to obtain a license.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101505664,"commentId":"101505664","gmtCreate":1651246899964,"gmtModify":1663248155032,"authorId":9000000000000434,"author":{"id":9000000000000434,"idStr":"9000000000000434","authorId":9000000000000434,"name":"PageDickens","avatar":"https://static.tigerbbs.com/8e83e48989b3401bb5773e10a7c62208","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9069130327,"objectIdStr":"9069130327","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"I quite agree with you! Become a Chinese concept stock will have better development.","text":"I quite agree with you! Become a Chinese concept stock will have better development.","html":"I quite agree with you! Become a Chinese concept stock will have better development.","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101505979,"commentId":"101505979","gmtCreate":1651247968133,"gmtModify":1663248154163,"authorId":9000000000000420,"author":{"id":9000000000000420,"idStr":"9000000000000420","authorId":9000000000000420,"name":"PorterLamb","avatar":"https://static.tigerbbs.com/bf65ca86aeb00567f8edf7489edd03ae","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9069130327,"objectIdStr":"9069130327","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"you are right! In any case, I hope China concept stocks can rise as soon as possible!","text":"you are right! In any case, I hope China concept stocks can rise as soon as possible!","html":"you are right! In any case, I hope China concept stocks can rise as soon as possible!","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9069130327"}