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Softbank will invest about $ 500 million in OneWeb, a satellite broadband startup

  According to sources in the Wall Street Journal, Japan’s Softbank Group will invest another $ 500 million in satellite broadband provider OneWeb, which will boost OneWeb’s plan to provide Internet connectivity much faster than traditional space or land systems around the world.   This latest investment will increase Softbank’s total investment in the project

IMF China Financial Review: Watch out for systemic risks in the financial technology sector

The International Monetary Fund held an online press conference and released the latest report on China’s Financial Stability Assessment (FSSA). The report confirms the role of China’s financial system in promoting rapid economic growth and various regulatory measures in China, but at the same time reminds them of the rapid increase in size and complexity.