Ant Group and Grab's venture win Singapore digital banking licences

[no_faith]

I thought prc party has brought down ANT?
Then ANT got the license? Can get their unknown asset out prc?

 

[Chase]

Two thoughts:

- ANT is a scam and yet we approved them. It says a lot about our regulators.
- LOL, good luck to Singtel

1. ANT's questionable business model could trigger the collapse of the chinese financial system once there is deleveraging. Now I understand why nobody wants to invest or list in SGX because our regulators are so out of touch.

2. Singtel & Grab did the most fucked-up presentation to MAS and they still got it. They don't even have a proper plan and can't respond property to Q&A. So it is about who you know, in Singapore.