Launching a bank - even a virtual one - is capital-intensive and it typically takes years to scale up, achieve critical mass and be profitable.. Read more at straitstimes.com.
Online-only banks in Hong Kong backed by China's ZhongAn Online P&C Insurance (6060.HK) and Britain's Standard Chartered (STAN.L) moved ahead of newly launched rivals as they garnered 70% of deposits last year, the lenders' annual reports showed.
ZhongAn, StanChart-backed lenders take early lead in HK digital bank race reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
SEPANG, 1 March 2021: AirAsia Group confirmed last Friday Dr
Stanley Choi Chiu Fai joined the group as a substantial shareholder via his
wholly-owned Positive Boom Ltd.
He has acquired 167.1 million AirAsia shares in the first
tranche of the private placement, raising his shareholding in the group to
332.5 million shares representing an 8.96% stake.
Choi is the chairman of Head & Shoulders Financial Group
and the chairman and executive director of International Entertainment
Corporation (IEC), a company listed on the main board of Hong Kong Stock
Exchange (1009.HK).
His previous directorships include his appointment as
executive director of Target Insurance (Holdings) Limited (stock code: 6161.HK)