The joint venture will provide financial and regulatory technology solutions in China.
Multi-asset broker Saxo Bank and Geely Sweden Holdings AB announced this Tuesday that they have signed an agreement where the two parties will establish a technological joint venture in China.
The joint venture, which will be an equal 50 percent split between Saxo Bank and Geely, will provide financial and regulatory technology solutions. These will be targeted to financial institutions such as banks and fintechs in the country.
The new entity will utilize the financial and regulatory technology currently used by Saxo Bank, as well as the broker’s experience with providing technological investment platform development services.
Geely, on the other hand, will support the deployment and operation of the venture. In particular, it will provide local know-how, so the entity is relevant in China. As Finance Magnates reported, Zhejiang Geely Holding Group Co. Ltd acquired a majority stake in the Danish broker last year.
Commenting on the announcement, Kim Fournais, CEO and founder of Saxo Bank, said: “The establishment of the technological JV is a significant milestone for the Saxo Group with unique commercial opportunities. I am very proud that we are strengthening our presence in China with the support of our partner, Geely."
“We will work hard with a long-term focus to build our business in China and create win-win with partners looking to Leverage our technology to support their clients. This is a very important first step in strengthening our presence in China."
“And we will continue to explore further opportunities, working in tandem with regulators and the opening of Chinese markets, to provide transparent, efficient and safe access to investment opportunities in global financial markets building on our experience with tailoring our technology to highly regulated markets across the globe.”
Saxo Bank continues China expansion
Through this new company, Saxo Bank is significantly increasing its presence in China. In the long-term, the broker is looking to capitalize on the opportunities in China, which are becoming increasingly more available as the company continues to open its financial markets.
“We are very pleased to deepen our cooperation and partnership with Saxo Bank and introduce the bank’s global financial and regulatory technology to the Chinese market,” added Daniel Donghui Li, Executive Vice President and Chief Financial Officer of Geely Holding Group.
“We are confident that with Saxo’s successful experience in the global market and Geely’s rich local know-how, the JV will improve China’s Fintech capabilities in areas including trading, investment, pricing, investment consulting and regtech.”
Multi-asset broker Saxo Bank and Geely Sweden Holdings AB announced this Tuesday that they have signed an agreement where the two parties will establish a technological joint venture in China.
The joint venture, which will be an equal 50 percent split between Saxo Bank and Geely, will provide financial and regulatory technology solutions. These will be targeted to financial institutions such as banks and fintechs in the country.
The new entity will utilize the financial and regulatory technology currently used by Saxo Bank, as well as the broker’s experience with providing technological investment platform development services.
Geely, on the other hand, will support the deployment and operation of the venture. In particular, it will provide local know-how, so the entity is relevant in China. As Finance Magnates reported, Zhejiang Geely Holding Group Co. Ltd acquired a majority stake in the Danish broker last year.
Commenting on the announcement, Kim Fournais, CEO and founder of Saxo Bank, said: “The establishment of the technological JV is a significant milestone for the Saxo Group with unique commercial opportunities. I am very proud that we are strengthening our presence in China with the support of our partner, Geely."
“We will work hard with a long-term focus to build our business in China and create win-win with partners looking to Leverage our technology to support their clients. This is a very important first step in strengthening our presence in China."
“And we will continue to explore further opportunities, working in tandem with regulators and the opening of Chinese markets, to provide transparent, efficient and safe access to investment opportunities in global financial markets building on our experience with tailoring our technology to highly regulated markets across the globe.”
Saxo Bank continues China expansion
Through this new company, Saxo Bank is significantly increasing its presence in China. In the long-term, the broker is looking to capitalize on the opportunities in China, which are becoming increasingly more available as the company continues to open its financial markets.
“We are very pleased to deepen our cooperation and partnership with Saxo Bank and introduce the bank’s global financial and regulatory technology to the Chinese market,” added Daniel Donghui Li, Executive Vice President and Chief Financial Officer of Geely Holding Group.
“We are confident that with Saxo’s successful experience in the global market and Geely’s rich local know-how, the JV will improve China’s Fintech capabilities in areas including trading, investment, pricing, investment consulting and regtech.”
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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