Business, Economic system and Banking in Present Affairs 2019 with latest news and present affairs in Agriculture, Industry, Banking, Capital Markets, Import and Export and Government schemes in business sector. The query that has been raised by the vast majority of Zimbabwean stakeholders is that, are banks doing sufficient to spur financial growth? Historical figures present that the financial companies sector has always performed an necessary role within the economy even throughout the interval when the economic system was declining, as indicated hereunder. There are not less than two additional dangers associated with the increase in the State Treasury’s stake in the banking sector. The first danger happens once we answer noâ€ to the question of whether or not state-owned banks will choose to provide loans to finance initiatives based mostly on the evaluation of their productiveness. If this weren’t the case, it may deteriorate their profitability, and the flexibility …
Day: January 21, 2021
SINGAPORE Exchange (SGX)-backed digital securities platform iSTOX has raised US$50 million in Series A funding, with new Japanese government-backed investors added to its list of backers.
The new investors include the venture capital arm of Japan’s state-backed fund Japan Investment Corporation (JIC), as well as the Development Bank of Japan, a financial institution owned by the Japanese government, the fintech firm said on Thursday. Japanese commercial bank Juroku Bank and venture capital firm Mobile Internet Capital joined as new investors too.
Meanwhile, existing backers including SGX, Japan’s Tokai Tokyo Financial Holdings and Korea’s Hanwha Asset Management made fresh investments, iSTOX said.
Started in 2017, the regulated platform iSTOX aims to allow accredited investors easier access to private markets and alternative assets, such as private equity and hedge funds.
On this platform, more sophisticated investors can buy – and trade – a fraction of an unregistered business trust invested in properties,