Finance Archives - The Wire China https://www.thewirechina.com/topic/finance/ Sun, 08 Sep 2024 22:57:26 +0000 en-US hourly 1 https://www.thewirechina.com/wp-content/uploads/2022/10/cropped-square_logo-32x32.jpg Finance Archives - The Wire China https://www.thewirechina.com/topic/finance/ 32 32 Gaining Currency https://www.thewirechina.com/2024/09/08/gaining-currency-digital-yuan-china/ Sun, 08 Sep 2024 23:00:00 +0000 Rachel Cheung https://www.thewirechina.com/?p=50797 Can a central bank digital currency work? China was the first major economy to launch one and, despite several setbacks, is starting to see the digital yuan take off.

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China’s Banker Blues https://www.thewirechina.com/2024/09/01/chinas-banker-blues-finance-china/ Sun, 01 Sep 2024 23:00:00 +0000 Aaron Mc Nicholas https://www.thewirechina.com/?p=49281 China’s finance professionals are having to accept their days of high pay may be numbered.

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What the China Pessimists Are Getting Wrong https://www.thewirechina.com/2024/06/09/what-the-china-pessimists-are-getting-wrong-chinese-economy/ Sun, 09 Jun 2024 23:00:00 +0000 Yu Yongding https://www.thewirechina.com/?p=47006 While China is probably in a much better position than bearish observers claim, the economy would benefit if Chinese households saved less and consumed more.

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Xi Tries To Get the Banks On Side https://www.thewirechina.com/2024/05/19/xi-tries-to-get-the-banks-on-side-industrial-loans-chinese-financial-sector/ Sun, 19 May 2024 23:00:00 +0000 Eliot Chen https://www.thewirechina.com/?p=46155 Beijing wants the Chinese financial sector to do more to support its economic goals, but progress has been hard to come by.

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China’s Fintech Footprint in Africa https://www.thewirechina.com/2024/05/12/chinas-fintech-footprint-in-africa-african-fintech-investments-opay/ Sun, 12 May 2024 23:00:00 +0000 Aaron Mc Nicholas https://www.thewirechina.com/?p=43918 With money for building African infrastructure drying up in China, the future looks brighter for fintech investments.

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Ant Group Renews International Push https://www.thewirechina.com/2024/04/07/ant-group-renews-international-push-mobile-payment-alipay-plus/ Sun, 07 Apr 2024 23:00:32 +0000 Rachel Cheung https://www.thewirechina.com/?p=44121 A decade on, China’s mobile payment giant ventures out again, targeting merchants and tourists across Asia.

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Emily Kilcrease on Gaming China’s Sanctions Response https://www.thewirechina.com/2024/03/10/emily-kilcrease-on-gaming-chinas-sanctions-response/ Sun, 10 Mar 2024 23:00:00 +0000 Katrina Northrop https://www.thewirechina.com/?p=42961 The researcher talks about why it would be much trickier to place sanctions on China in any future conflict than on Russia and where the U.S. might have the most leverage.

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The Financial Fallout from China’s Property Market https://www.thewirechina.com/2024/02/11/the-financial-fallout-from-chinas-property-market-real-estate-china/ Mon, 12 Feb 2024 00:00:00 +0000 Nicholas Borst https://www.thewirechina.com/?p=41578 Unless Beijing takes some bold steps the real estate slump will continue to hinder the economy.

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Alicia García-Herrero on China’s Shifting Ties in Latin America https://www.thewirechina.com/2024/01/07/alicia-garcia-herrero-on-chinas-shifting-ties-in-latin-america/ Mon, 08 Jan 2024 00:00:00 +0000 Alex Colville https://www.thewirechina.com/?p=39872 The economist discusses the different approaches the region's countries take to Beijing, the impact of Javier Milei's rise to lead Argentina and the pluses and minuses of China's economic influence.

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Arthur Kroeber on Piecing Together China’s Economic Jigsaw https://www.thewirechina.com/2023/12/31/arthur-kroeber-on-piecing-together-chinas-economic-jigsaw/ Mon, 01 Jan 2024 00:00:00 +0000 Alex Colville https://www.thewirechina.com/?p=39438 The Chinese economy expert discusses high debt levels, and the costs of Xi Jinping's focus on national security.

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Foreign Law Firms Feel the Chill in China https://www.thewirechina.com/2023/12/17/foreign-law-firms-feel-the-chill-in-china-international/ Mon, 18 Dec 2023 00:00:00 +0000 Eliot Chen https://www.thewirechina.com/?p=39441 A dealmaking slowdown is making it harder for international firms to justify their presence in a once vital market.

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Heads Roll as China’s Financial Clampdown Continues https://www.thewirechina.com/2023/11/12/heads-roll-as-chinas-financial-clampdown-continues-anti-corruption/ Mon, 13 Nov 2023 00:00:00 +0000 Rachel Cheung https://www.thewirechina.com/?p=38161 The widening of Xi Jinping’s anti-corruption drive is shaking industry and investor confidence.

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Debt Woes Spoil The Country Garden https://www.thewirechina.com/2023/10/22/debt-woes-spoil-the-country-garden-china/ Sun, 22 Oct 2023 23:00:00 +0000 Aaron Mc Nicholas https://www.thewirechina.com/?p=37357 The real estate giant, once thought to be among China’s strongest, has succumbed to the malaise plaguing the sector.

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Aging Opportunity https://www.thewirechina.com/2023/10/22/aging-opportunity-china-pensions-system/ Sun, 22 Oct 2023 23:00:00 +0000 Sean Williams https://www.thewirechina.com/?p=37413 Beijing and Western financial giants have a mutual interest: Fixing China's pensions system. But can they figure out how to do it?

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Logan Wright on the Woes of China’s Property Sector https://www.thewirechina.com/2023/09/17/logan-wright-on-the-woes-of-chinas-property-sector/ Sun, 17 Sep 2023 23:00:00 +0000 Grady McGregor https://www.thewirechina.com/?p=35513 The economist talks about the health of the Chinese economy and what a slowing China could mean for the rest of the world.

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Italy’s BRI Detour https://www.thewirechina.com/2023/09/17/italys-bri-detour-italy-belt-and-road-initiative/ Sun, 17 Sep 2023 23:00:00 +0000 Eliot Chen https://www.thewirechina.com/?p=36119 As the Belt and Road Initiative gets ready to celebrate its 10th anniversary, Italy is looking for the off-ramp. Beijing's response, plus Italy's ability to negotiate a new deal for itself, will speak volumes about both China's standing in Europe and what the BRI, once seen as a colossus, has left to offer.

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Robert Rubin on Whether the U.S. Should Want China to Prosper https://www.thewirechina.com/2023/09/10/robert-rubin-on-whether-the-u-s-should-want-china-to-prosper/ Sun, 10 Sep 2023 23:00:00 +0000 Bob Davis https://www.thewirechina.com/?p=35712 The Clinton-era Treasury Secretary and banker discusses why investors should steer away from China and the issues with linking trade and human rights.

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China Must Avoid a Debt-Deflation Spiral https://www.thewirechina.com/2023/09/10/china-must-avoid-a-debt-deflation-spiral/ Sun, 10 Sep 2023 23:00:00 +0000 Shang-Jin Wei https://www.thewirechina.com/?p=35982 If the ‘Two Ds’ become entrenched it could be hard for China’s economy to recover.

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Steering Capital https://www.thewirechina.com/2023/09/03/steering-capital-sovereign-wealth-funds/ Sun, 03 Sep 2023 23:00:00 +0000 Zongyuan Zoe Liu https://www.thewirechina.com/?p=35466 Several countries have sovereign wealth funds, but none can compare to the China's funds in scale or scope. Collectively, China’s sovereign funds managed more than $2 trillion in assets at the end of 2019. But China’s state-owned capital is filling the cash coffers of Western firms while advancing its national interest, and the West should be paying closer attention.

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Prometheum Power https://www.thewirechina.com/2023/08/13/prometheum-power-crypto/ Sun, 13 Aug 2023 23:00:00 +0000 Katrina Northrop https://www.thewirechina.com/?p=33350 The rise of a little known cryptocurrency firm reflects the influence China continues to hold over the crypto world.

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Brad Setser on the Myths and Realities of China’s Financial Power https://www.thewirechina.com/2023/07/23/brad-setser-on-the-myths-and-realities-of-chinas-financial-power/ Sun, 23 Jul 2023 23:00:00 +0000 Bob Davis https://www.thewirechina.com/?p=33335 The economist and former Treasury official discusses China's currency policy, its influence over U.S. markets and the best way for Washington to respond.

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Zongyuan Zoe Liu on the rise of China’s Sovereign Wealth Funds https://www.thewirechina.com/2023/07/09/zongyuan-zoe-liu-on-the-rise-of-chinas-sovereign-wealth-funds/ Sun, 09 Jul 2023 23:00:00 +0000 Andrew Peaple https://www.thewirechina.com/?p=33018 The political economist talks about the changing roles of China's massive state-backed investment funds, their tie-ups with Wall Street and how Western governments should treat them.

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Dicey Debt Collection https://www.thewirechina.com/2023/06/11/dicey-debt-collection-china/ Sun, 11 Jun 2023 23:00:00 +0000 Aaron Mc Nicholas https://www.thewirechina.com/?p=32014 A look at the murky world of debt collection in China, where strong-arm tactics and often violent threats have created a stigma that will not easily fade.

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Keyu Jin on Why China’s Economy Needs to Change https://www.thewirechina.com/2023/05/21/keyu-jin-on-why-chinas-economy-needs-to-change/ Sun, 21 May 2023 23:00:00 +0000 Andrew Peaple https://www.thewirechina.com/?p=31193 The economist explains how China's current model has run its course and why the country needs speedier political development.

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China Floats to the Top https://www.thewirechina.com/2023/05/07/china-ipos/ Sun, 07 May 2023 23:00:00 +0000 Eliot Chen https://www.thewirechina.com/?p=30676 The surge in IPOs on domestic markets is a win for Chinese policy makers and local investment banks.

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The Renminbi’s New Role: Sanctions Busting https://www.thewirechina.com/2023/04/30/renminbi-new-role-sanctions-busting/ Sun, 30 Apr 2023 23:00:00 +0000 Grady McGregor https://www.thewirechina.com/?p=30391 The Chinese currency remains far from supplanting the U.S. dollar in global trade, but its increasing usage abroad is helping its allies and friends get around U.S.-led economic measures.

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Hong Kong’s New Crypto Creditor https://www.thewirechina.com/2023/04/23/hong-kongs-new-crypto-creditor-za-bank/ Sun, 23 Apr 2023 23:00:00 +0000 Grady McGregor https://www.thewirechina.com/?p=30205 A look at ZA Bank: the firm’s ties to Chinese online insurer Zhongan Insurance, potential parallels with Silvergate Bank, and what Hong Kong’s crypto openness says about Beijing’s stance on crypto. 

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How China Benefits from Another US Banking Crisis https://www.thewirechina.com/2023/03/26/how-china-benefits-from-another-us-banking-crisis-financial/ Sun, 26 Mar 2023 23:00:00 +0000 Stephen S. Roach https://www.thewirechina.com/?p=29361 No two crises are alike. That is true of recent financial upheavals – the Asian financial crisis of the late 1990s, the dot-com crisis of 2000, and the global financial crisis of 2008-09. It is also the case with crises sparked by geostrategic shocks, such as wars, pestilence, famine, and pandemics. Today, we are witnessing […]

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Chinese Tech Feels the SVB Effect https://www.thewirechina.com/2023/03/19/chinese-tech-feels-the-svb-effect/ Sun, 19 Mar 2023 23:00:00 +0000 Katrina Northrop https://www.thewirechina.com/?p=28989 The collapse of the Californian bank has exposed the financial ties between U.S. finance and Chinese start-ups.

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SVB’s First Failure https://www.thewirechina.com/2023/03/19/silicon-valley-bank-first-failure/ Sun, 19 Mar 2023 23:00:00 +0000 Ken Wilcox https://www.thewirechina.com/?p=29055 When Ken Wilcox, a former CEO of Silicon Valley Bank, moved to Shanghai in 2011, he was optimistic and eager to start up the bank's new joint venture in China. A decade later, however, he is extremely cynical about U.S. business interests in China. While analysts will, rightly, be debating SVB's missteps in the U.S. for the foreseeable future, Wilcox insists the bank's challenges in China should not be overlooked.

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Nothing Ventured https://www.thewirechina.com/2023/03/05/nothing-ventured-venture-capital/ Mon, 06 Mar 2023 00:00:00 +0000 Eliot Chen https://www.thewirechina.com/?p=28355 A look at venture capital investment into China.

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Without a Trace https://www.thewirechina.com/2023/02/26/without-a-trace/ Mon, 27 Feb 2023 00:00:00 +0000 Grady McGregor https://www.thewirechina.com/?p=28211 A look at Bao Fan's disappearance and others like it.

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Meg Rithmire on the Unhappy Equilibrium of China’s Markets https://www.thewirechina.com/2023/02/05/meg-rithmire-on-the-unhappy-equilibrium-of-chinas-markets/ Mon, 06 Feb 2023 00:00:00 +0000 Katrina Northrop https://www.thewirechina.com/?p=26940 The professor talks about China's real estate bubble; if China can develop a modern financial system without rule of law; and why it's not China that is reshaping the global order, but the world's response to it.

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China’s Bill of Health https://www.thewirechina.com/2023/01/15/chinas-healthcare-system/ Mon, 16 Jan 2023 00:00:00 +0000 Eliot Chen https://www.thewirechina.com/?p=26610 A look at the state of China’s healthcare system, including the cost of zero-Covid.

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Global Change of Heart https://www.thewirechina.com/2022/11/13/global-change-of-heart/ Mon, 14 Nov 2022 00:00:00 +0000 Isabella Borshoff https://www.thewirechina.com/?p=25095 Has foreign investor sentiment towards China changed for good, or can potential policy changes restore confidence?

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Twitter vs. Weibo https://www.thewirechina.com/2022/11/13/twitter-vs-weibo/ Mon, 14 Nov 2022 00:00:00 +0000 Eliot Chen https://www.thewirechina.com/?p=25096 A look at the two social media sites: their financials, their business models and their content moderation.

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The Yuan’s International Makeover https://www.thewirechina.com/2022/11/06/rmb-internationalization/ Mon, 07 Nov 2022 00:00:00 +0000 Diana Choyleva Dinny McMahon https://www.thewirechina.com/?p=24522 In a widely overlooked shift, Beijing has started overhauling its approach to RMB internationalization.

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China’s Fiscal Challenges https://www.thewirechina.com/2022/10/30/chinas-fiscal-challenges/ Sun, 30 Oct 2022 23:00:00 +0000 Yu Yongding https://www.thewirechina.com/?p=24869 Chinese policymakers must address a flawed financing structure.

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James Fok on the Flawed Dollar System https://www.thewirechina.com/2022/10/16/james-fok-on-the-flawed-dollar-system/ Sun, 16 Oct 2022 23:00:00 +0000 Andrew Peaple https://www.thewirechina.com/?p=24046 The financial markets and HKEx veteran talks about the mistake of decoupling; China's international markets predicament; and why mutual dependencies in the global financial system is in the self interest of all countries.

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Illusions of Control https://www.thewirechina.com/2022/10/16/financial-crisis-in-china/ Sun, 16 Oct 2022 23:00:00 +0000 Logan Wright https://www.thewirechina.com/?p=24112 Public messaging that Xi Jinping is further consolidating power at the 20th Party Congress would make a financial crisis in China more probable.

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China’s Trillion Dollar Holding https://www.thewirechina.com/2022/10/09/chinas-us-treasurys/ Sun, 09 Oct 2022 23:00:00 +0000 Katrina Northrop https://www.thewirechina.com/?p=23864 Fears that China’s U.S. Treasury holdings are a vulnerability are often overblown.

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Is The Sino-Russia Relationship Cracking? https://www.thewirechina.com/2022/10/02/china-and-russia/ Sun, 02 Oct 2022 23:00:00 +0000 Yun Sun https://www.thewirechina.com/?p=23724 A careful examination of recent events should discourage any wishful thinking that Beijing is distancing itself from Moscow.

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Reinventing Money https://www.thewirechina.com/2022/10/02/china-from-financial-repression-to-fintech-leader/ Sun, 02 Oct 2022 23:00:00 +0000 Martin Chorzempa https://www.thewirechina.com/?p=23776 The future of finance — the way Wall Street operates and how you manage your personal finances — is on the verge of upheaval. And although few could have anticipated it, the force underlying the change comes from China, a country that went from "financial repression" to the global leader in "fintech" in only a matter of years. The resulting system could either be liberating or Orwellian.

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The Renminbi’s Hostage Crisis https://www.thewirechina.com/2022/10/02/the-renminbis-hostage-crisis/ Sun, 02 Oct 2022 23:00:00 +0000 George Magnus https://www.thewirechina.com/?p=23793 The renminbi’s fall against the dollar this year seems to have caused Chinese policymakers unusual levels of anxiety.

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Xiao Jianhua’s Lost Empire https://www.thewirechina.com/2022/09/18/xiao-jianhua-lost-empire/ Sun, 18 Sep 2022 23:00:00 +0000 Eliot Chen https://www.thewirechina.com/?p=23312 A look at Xiao Jianhua’s financial empire: the companies involved, what’s happened to them, and what, if anything, remains.

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What To Expect from the Twentieth Congress of the Chinese Communist Party https://www.thewirechina.com/2022/09/18/what-to-expect-from-the-twentieth-congress-of-the-chinese-communist-party/ Sun, 18 Sep 2022 23:00:00 +0000 Tony Saich https://www.thewirechina.com/?p=23327 Tony Saich’s best guesstimates on Xi’s chances of reappointment, how the party’s leadership structure will change, and what to look for in terms of future policy trends. 

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Trading Truce https://www.thewirechina.com/2022/08/28/trading-truce-between-chinese-and-us-regulators/ Sun, 28 Aug 2022 23:00:00 +0000 Isabella Borshoff https://www.thewirechina.com/?p=22726 A landmark agreement between U.S. and Chinese regulators could stave off further financial sector decoupling

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So long, Soho? https://www.thewirechina.com/2022/07/31/so-long-soho/ Sun, 31 Jul 2022 23:00:00 +0000 Katrina Northrop https://www.thewirechina.com/?p=21608 It's been a very bad year for Soho China, which was once one of China's hottest property developers.

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Sebastian Mallaby on American-style Venture Capital in China https://www.thewirechina.com/2022/07/24/sebastian-mallaby-on-american-style-venture-capital-in-china/ Sun, 24 Jul 2022 23:00:00 +0000 Dan Xin Huang https://www.thewirechina.com/?p=21360 The financial journalist talks about the evolution of American venture capital in China — from its role in the rise of Alibaba to the split today over China's politics.

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How to Engage with China https://www.thewirechina.com/2022/06/05/how-to-engage-with-china/ Sun, 05 Jun 2022 23:00:00 +0000 Paola Subacchi https://www.thewirechina.com/?p=20143 A global economy in which China and the G7 follow separate, non-converging paths will leave both sides worse off.

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