OTC MARKET NEWS Powered By Quantifi

The other credit risk to watch in China: Fintech-fuelled debt 

May 29, 2017

Clancy Yeates, The Sydney Morning Herald

"China's government has copped what Scott Morrison is so desperate to avoid: a credit rating downgrade.

But in the discussion about Moody's surprise move last week to cut its rating for our biggest trading partner, there's one word that has been notably absent, even though it's a risk of growing importance to investors and officials. That word is "fintech".

Nowhere are the large potentially huge benefits of fintech – and longer-term risks – clearer than in China.

This realisation comes as financial regulators everywhere, including in Australia, start to turn their attention to how these risks could eventuate, if fintech one day grabs a larger share of the financial services market."

Read more

 
Comments are closed on this post.

Subscribe

Submit your email to receive our newsletter

GO