News Snapshot:
Chinese fintech giant goes transparent, aims for e-finance revolution: IPO price sets record at $34 billion Do you want your brokerage’s data handled by the Chinese government?… Thought not. It has always been the absolute opposite way around. Chinese partners went to great extents to penetrate the notorious communist firewall that prevents business being conducted on a cross border basis in order to get even a mere glimpse of Western technology with which to power their brokerage, managed portfolio company or wealth management entity. It was never the case that Western firms, large or small, IB or broker, platform developer...
