Xiaomi and other companies apply to establish Singapore Digital Wholesale Bank

On January 7, AMTD Group, New Energy Group, Xiaomi Finance and FundingSocieties jointly announced the establishment of an exclusive strategic partnership, and formally applied to the Singapore Monetary Authority ("MAS") to initiate the establishment of Singapore Digital Wholesale on December 31, 2019. bank. The reporter learned from Xiaomi Finance that the joint party will provide a disruptive financial platform and bank integrated solution for Southeast Asia and small and medium enterprises represented by the Greater Bay Area through innovative financial technology, thereby meeting the full cycle development of different corporate users. demand.