Page 338 - 2018 White Paper on the Business Environment in China
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8 White Paper on the Business Environment in China
the United States. The fast growth in online lending Works Cited
has been partially due to an absence of government
regulation - but that is changing. The regulators are Allianz Research. “China Drives 2016 Insurance
now stepping in with a focus on illegal activities, which Premium Growth: Allianz.” Carrier Management. Carrier
should help the nascent industry continue its growth in Management, 13 Mar. 2017. Web. 25 Aug. 2017.
a more sustainable way (Yue).
CFO. “KPMG Says China Banks Becoming Richer.”
The story is the same in commercial financing. Fintech Inovations. Enterprise Innovation, 11 Aug. 2017.
Innovative companies are serving unbanked, or Web. 25 Aug. 2017.
underbanked, privately owned small- and medium-sized
enterprises. They are helping not just with direct lending, CNBC. “China Anti-graft Body Investigating Chief
but also in making them more attractive to lenders. Insurance Regulator.” CNBC. CNBC, 09 Apr. 2017. Web. 26
LaKala, for example, is a third-party payment company Aug. 2017.
that helps firms improve their transaction efficiency
with data analysis, risk management and payment, and Colson, Thomas. “A Crackdown on China’s £7.3 Trillion
with gaining access to affordable financing. Because ‘shadow Banking’ Industry Is Rattling Markets.” Business
of the immense demand for these services, China has Insider. Business Insider, 30 May 2017. Web. 25 Aug. 2017.
become a hotspot for venture capital. According to a
PwC report in 2016, half of all global fintech investments Fathom Consulting. “Is China Due a Banking Crisis? |
were in China. But even with their rapid growth, these Lipper Alpha Insight |Thomson Reuters.”Lipper Alpha Insight.
innovative players still serve only a complementary role Thompson Reuters, 16 June 2017. Web. 25 Aug. 2017.
in China. The traditional commercial banks - with total
assets between them of 200 trillion yuan - have a far Guarino, Arthur. “The Banking Reform Challenge in
greater potential for improving financial inclusion, and China: Too Little, Too Late?” Global Risk Insights. Global
the government has been actively encouraging them to Risk Insights, 08 July 2017. Web. 25 Aug. 2017.
move in this direction (Yue).
Hsu, Sara. “Bringing Light to China’s Shadow Banking
Sector.” Asia Times. Asia Times Holdings Limited, 18 Apr.
2017. Web. 25 Aug. 2017.
Jiang, Jie. “China’s Banking Industry Undergoes Drastic
Transformation in Age of Internet, AI.” People’s Daily
Online. People’s Daily, 26 May 2017. Web. 25 Aug. 2017.
Jourdan, Adam. “China Bank Watchdog to Tighten
Risk Control amid Regulatory Shake-up.” Reuters.
Thomson Reuters, 17 July 2017. Web. 25 Aug. 2017.
“Listed Chinese Banks Confront Dilemma: Curtail
Risks or Retain Profits?” Global Times. Global Times, 18
Apr. 2017. Web. 25 Aug. 2017.
Moody’s. “China’s Shadow Banking Sector Impacted
by Increasingly Tight Systemic Liquidity.” Global Credit
Research. Moody’s Investors Service, 07 May 2017. Web.
25 Aug. 2017.
Munich RE. “China: Weaker Economic Growth – But
the Insurance Market Is Booming.” Insurance Markets.
Munich RE, 24 Jan. 2017. Web. 25 Aug. 2017.
338
the United States. The fast growth in online lending Works Cited
has been partially due to an absence of government
regulation - but that is changing. The regulators are Allianz Research. “China Drives 2016 Insurance
now stepping in with a focus on illegal activities, which Premium Growth: Allianz.” Carrier Management. Carrier
should help the nascent industry continue its growth in Management, 13 Mar. 2017. Web. 25 Aug. 2017.
a more sustainable way (Yue).
CFO. “KPMG Says China Banks Becoming Richer.”
The story is the same in commercial financing. Fintech Inovations. Enterprise Innovation, 11 Aug. 2017.
Innovative companies are serving unbanked, or Web. 25 Aug. 2017.
underbanked, privately owned small- and medium-sized
enterprises. They are helping not just with direct lending, CNBC. “China Anti-graft Body Investigating Chief
but also in making them more attractive to lenders. Insurance Regulator.” CNBC. CNBC, 09 Apr. 2017. Web. 26
LaKala, for example, is a third-party payment company Aug. 2017.
that helps firms improve their transaction efficiency
with data analysis, risk management and payment, and Colson, Thomas. “A Crackdown on China’s £7.3 Trillion
with gaining access to affordable financing. Because ‘shadow Banking’ Industry Is Rattling Markets.” Business
of the immense demand for these services, China has Insider. Business Insider, 30 May 2017. Web. 25 Aug. 2017.
become a hotspot for venture capital. According to a
PwC report in 2016, half of all global fintech investments Fathom Consulting. “Is China Due a Banking Crisis? |
were in China. But even with their rapid growth, these Lipper Alpha Insight |Thomson Reuters.”Lipper Alpha Insight.
innovative players still serve only a complementary role Thompson Reuters, 16 June 2017. Web. 25 Aug. 2017.
in China. The traditional commercial banks - with total
assets between them of 200 trillion yuan - have a far Guarino, Arthur. “The Banking Reform Challenge in
greater potential for improving financial inclusion, and China: Too Little, Too Late?” Global Risk Insights. Global
the government has been actively encouraging them to Risk Insights, 08 July 2017. Web. 25 Aug. 2017.
move in this direction (Yue).
Hsu, Sara. “Bringing Light to China’s Shadow Banking
Sector.” Asia Times. Asia Times Holdings Limited, 18 Apr.
2017. Web. 25 Aug. 2017.
Jiang, Jie. “China’s Banking Industry Undergoes Drastic
Transformation in Age of Internet, AI.” People’s Daily
Online. People’s Daily, 26 May 2017. Web. 25 Aug. 2017.
Jourdan, Adam. “China Bank Watchdog to Tighten
Risk Control amid Regulatory Shake-up.” Reuters.
Thomson Reuters, 17 July 2017. Web. 25 Aug. 2017.
“Listed Chinese Banks Confront Dilemma: Curtail
Risks or Retain Profits?” Global Times. Global Times, 18
Apr. 2017. Web. 25 Aug. 2017.
Moody’s. “China’s Shadow Banking Sector Impacted
by Increasingly Tight Systemic Liquidity.” Global Credit
Research. Moody’s Investors Service, 07 May 2017. Web.
25 Aug. 2017.
Munich RE. “China: Weaker Economic Growth – But
the Insurance Market Is Booming.” Insurance Markets.
Munich RE, 24 Jan. 2017. Web. 25 Aug. 2017.
338
