Happy Thursday folks,

Hope you’re enjoying the week—here’s your quick roundup of the latest in China fintech and regulations.

The Coin Related

• Hong Kong passed a new stablecoin law, paving the way for licensed issuers to sell stablecoins to the public and setting up a risk-based regulatory regime for digital assets.
• HashKey Group launched HashKey Global MENA after securing a VASP license in the UAE, expanding its regulated crypto trading footprint into the Middle East and North Africa.
• Binance Pay added support for Brazil’s Pix instant payment system, enabling seamless crypto-to-fiat payments for Brazilian users.

Licensing & Regulations

• China is planning new regulations to support tech firms seeking overseas listings, aiming to balance innovation with national security concerns.
• The Trump administration raised concerns about a deal to put Alibaba’s AI on iPhones, citing potential national security risks.
• China’s tax authorities are targeting global investment income, stepping up efforts to tax offshore earnings of Chinese nationals and residents.

Financing

• Ant Group plans to sell a 4% stake in India’s Paytm for $242 million as part of its ongoing portfolio adjustments.
• Airwallex raised $300M in a Series F funding round, boosting its valuation to $6.2B.

Product & Partnership Launches

• Ant Digital Technologies launched AI-enabled fintech solutions, focusing on intelligent risk management and customer engagement for financial institutions.
• Ant and HSBC partnered to pilot tokenized treasury management solutions, leveraging blockchain for real-time settlement and enhanced transparency.