Hi fintech friends,

Please find another week of news on Chinese fintech and economy in the below.

Product & Partnership Launches

• OKX launched OKX Pay in Singapore, enabling USDT and USDC stablecoin payments at GrabPay merchants with instant SGD settlement.
• Ant International launched AI SHIELD, an AI risk toolkit for financial services.
• Airwallex added Danish krone, Norwegian krone and Swedish krona and Polish zloty into its EU card payment offering.
• Welab and Google formed an AI partnership to improve digital banking efficiency in Asia.

Licensing & Regulations

• The People’s Bank of China (PBOC) opened a digital yuan international operations centre in Shanghai.
• China approved Japan's Mizuho to launch its wholly-owned securities firm.
• Airwallex received in-principle approval from the Central Bank of the UAE for Stored Value Facilities and Retail Payment Services (Category II) licenses.
• The Hong Kong Monetary Authority (HKMA) announced that it has received 36 applications for stablecoin licenses from banks and technology companies by September 30.

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