News
China's new digital renminbi by itself will not help the currency to challenge the US dollar's global dominance. Its true significance instead lies in its potential to shift the competitive balance of power between the country's technology giants and traditional banks.
By Redaktion Table
China has been home to the world's largest banks for several years. Time and again, there are warnings of excessive debt and an accumulation of bad loans. While Beijing has recently been criticized from within its own ranks, the US rating agency Fitch has given the all-clear. China has made significant progress in eliminating risks in recent years.
By Redaktion Table
China wants to make its financial markets more solid with the 14th Five-Year Plan and bring the regional governments and the economy down from high debt levels. It also aims to reduce the risk of bubbles. Can this be achieved without slowing down the momentum on the markets?
By
The entire financial arm of the Alibaba Group will be regulated like a financial house in the future. Not without reason: Ant Financial already originates more than a fifth of consumer loans in China. With Ant's classification as a financial holding company, the company must also adjust its capitalization. A measure to mitigate credit risks.
By