Speaking at the Dubai FinTech Summit, Bank of Singapore CEO Jason Moo outlined the complementary roles of Dubai and Singapore as global wealth hubs. The private bank reported increasing interest from Chinese conglomerates and investors looking to deploy wealth into Dubai, supported by dedicated China coverage at its DIFC branch.
Global fintech platform Lianlian DigiTech has officially opened its Middle East regional office in the Dubai International Financial Centre. The move builds on the firm's Category 3D Payment Service Provider licence from the Dubai Financial Services Authority. The hub will provide cross-border payment, foreign exchange, and treasury management services to support trade between China and the Middle East.
Chinese fintech company Lianlian DigiTech has officially inaugurated its Middle East regional headquarters in Dubai International Financial Centre's Gate Village. The opening follows the firm securing a Category 3D Payment Service Provider license from the Dubai Financial Services Authority.
China Securities has approved a $725.3 million capital boost for its Hong Kong subsidiary CSC Financial (International), bringing its capital base to $1.39 billion. The expansion follows the firm securing a Dubai International Financial Centre licence to establish a presence in the Middle East. The firm also recently backed UAE-based Mashreq Bank's offshore yuan bond issuance.
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