Freeman FinTech of HK explores business opportunities in the country
Sino-Hong Kong financial conglomerate Freeman FinTech Corporation Limited (Freeman FinTech) representatives have met with local government and business leaders to explore various investment opportunities in the country.
Among those it met recently were top officials of the Central Bank of the Philippines and House of Representatives including executives of the Philippine Stock Exchange (PSE) and Rizal Commercial Banking Corporation (RCBC).
As one of the leading Sino-Hong Kong conglomerates with a full range of global financial investments, Freeman FinTech first met with Bangko Sentral ng Pilipinas Governor Nestor Espenilla, Jr. to discuss the possibilities of applying for a wide range of diversified financial licenses.
Espenilla gave Freeman FinTech a detailed briefing on the current state of banking and financial regulations in the Philippines. He expressed a high degree of recognition and support for Freeman FinTech to explore the Philippine local banking system and apply for diversified financial licenses.
Freeman FinTech also met some senior-level executives of RCBC to brief the Yuchengco bank’s representatives on its wide range of financial services, innovative finance and advanced financial technology.
As Freeman FinTech expressed interests on possible areas of cooperation, RCBC also welcomed potential future cooperation in banking, investment banking, asset management, wealth management and third-party payment and consumer finance businesses.
For its securities business, Freeman FinTech met PSE President and CEO Ramon Monzon who briefed the firm’s representatives on the current status of the PSE.
Possible cooperation opportunities in the securities industry in the Philippines, including suggestions and opinions on securities trading and investment banking were discussed. Through the visit, Freeman FinTech said it gained a deeper understanding of the Philippines securities market.
Freeman FinTech likewise visited with House speaker Pantaleon Alvarez for an exchange of ideas on possible areas of cooperation and investments in the country.
These visits provided Freeman FinTech a profound understanding of the Philippines financial industry and enhanced the understanding of local laws, regulations, and regulatory requirements.
As one of the leading financial technology holding groups in Hong Kong, Freeman FinTech plans to continue visiting other ASEAN countries to explore financial technology and other potential business opportunities in the region.