Focus topics

Scholz: Wirecard commitment was routine

The Bundestag investigative committee on the Wirecard scandal once again looked into the events surrounding the company’s planned market entry in China on Thursday. Wirecard had planned to buy the Chinese company Allscore in 2019. Allscore wanted to process payments in China and thus become a competitor to Alipay, but did not yet have the necessary license. Wirecard, therefore, had two requests for the German government. It was supposed to lobby to make the purchase of a company from the financial sector possible in the first place. At the same time, it was supposed to press for the People’s Bank of China (PBoC) to grant the necessary business license to the new partner Allscore.

Continue reading now

… and get free access to this Professional Briefing for a month.

Are you already a guest at the China.Table? Log in now


    Jack Ma: from pariah to symbol
    The expensive bail-out of Silk Road partners
    ‘Politicians’ visits to Taiwan are parts of a larger theater play’
    Foreign countries are courting Xi