Company News - 12/27/2020

AMTD Digital | Virtual Banking: Airstar Bank

Airstar Bank Limited (“Airstar Bank”) is a jointly established entity by AMTD Group, Asia's leading comprehensive financial services conglomerate, and Xiaomi Corporation (“Xiaomi”), a global IoT leader.

Airstar Bank has been granted a banking licence by the Hong Kong Monetary Authority on 9 May 2019, which is one of the first batch of eight virtual banking licenses awarded by the Hong Kong Monetary Authority. Airstar Bank upholds the virtue of financial inclusion and is dedicated to promoting financial innovation for everyone, eventually becoming "Everyone's Bank" in the heart of its customers. It pledges to all customers that they will enjoy and benefit from the most convenient virtual banking services in an unprecedented manner.

AMTD has established a multi-level cooperative relationship with Xiaomi. On top of Airstar Bank, AMTD also established the "AXSI Digital Finance Leadership Programme" jointly with Xiaomi, Singapore Management University and National University of Singapore to support the training of innovative financial talents in Singapore and ASEAN. In addition, AMTD also supports Xiaomi in offshore equity and debt capital markets and other business pursuits. In July 2018, Xiaomi was successfully listed on the Main Board of Hong Kong Stock Exchange. AMTD served as a Joint Lead Underwriter, Joint Bookrunner and Joint Lead Manager of Xiaomi’s IPO. In April 2019, Xiaomi strategically invested in AMTD International (NYSE: HKIB / SGX: HKB), the investment banking platform of AMTD Group, and became one of the strategic shareholder of AMTD International. On 22nd April 2020, Xiaomi Corporation successfully priced its debut US$600m 3.375% 10-year senior fixed rate bond offering. AMTD acted as a Joint Bookrunner and Joint Lead Manager on the Transaction.