More China players emerge among bids for Singapore digibank licences

Singapore

TWO more Chinese players have made public their digital wholesale banking bids in Singapore, bringing the reported tally to seven Chinese names vying for these new licences here.

Eyeing just one of three wholesale licences up for grabs, China-based software giant Shanghai Jifu Information Technology Service has teamed up with JIC Technology Investment, Chinastone Capital Management, security tech firm Hong Heng, industrial blockchain group Shenzhen Xin-an Digital Technology, and US-based Grace May to bid for the licence.