US Strengthens Restrictions in Chinese Tech Investments (TWIF-China 10/31)

Hello fintech friends,
Happy Halloween! Hope you have a slightly better costume idea than the below today.
Enjoy the read and as always, write to me with your feedback or comments: ning@thisweekinfintech.com.
Ning

Licensing & Regulations
- The US is finalizing rules blocking investments in Chinese technology.
- Hong Kong has introduced its first AI finance guidelines and is considering a tax break on digital assets, aiming to boost global appeal.
- Hong Kong’s Securities and Futures Commission (SFC) plans to accelerate virtual asset platform licensing.
Financing, Investment & Acquisition
- Airwallex is in discussions with investors to secure approximately $200 million in a new funding round to support its growth ahead of a potential IPO in 2026.
- US-listed online insurer Waterdrop Inc. is looking at a secondary listing in Hong Kong as it seeks to expand its insurance business.
- Hong Kong's e-wallet TNG decided to exit the Stored Value Facility (SVF) business due to strategic restructuring and internal organizational adjustments.
Product & Partnership Launches
- Shein is launching its first branded credit card globally in partnership with Mexican fintech Stori.
- JD.com has become the latest shopping platform to integrate Alipay as a payment option, signaling a breakdown of payment barriers across tech giants.
- HSBC and Standard Chartered separately partnered with Ant International to conduct blockchain-based HKD transactions in the Hong Kong Monetary Authority (HKMA)'s Sandbox.
- ZA Bank, Hong Kong’s digital bank, has started piloting a virtual asset trading service.
- LianLian International has launched the LianLian Global Accounts Service (LGAS) to help foreign trade merchants in Hong Kong and Southeast Asia manage multiple currencies with a single account.
- CoGoLinks International launched a payment solution for China’s micro-drama exports.
- PhotonPay partnered with Tribe Payments to offer Issuer Processing services.
- London-based payment fintech Unlimit and Chinese Shopify-equivalent Shopline partnered to support Chinese merchants’ global growth.
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