Singapore’s ‘clear and established’ regulatory regime was cited as a reason Lufax chose to base the new platform there. Photo: Reuters

Singapore licenses first Chinese fintech firm, heating up competition with Hong Kong

Singapore’s prominent role in Belt and Road Initiative and straightforward regulation cited as reasons Lufax chose it over Hong Kong

Topic |   Regulation

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Singapore’s ‘clear and established’ regulatory regime was cited as a reason Lufax chose to base the new platform there. Photo: Reuters
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