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China 360 | Internet-based funds: the dramatic rise of ‘industry disruptors

China 360
 
Internet-based funds: the dramatic rise of ‘industry disruptors’
 
Issue 18 | June 2014
 
China’s financial services sector has long been dominated by its State-owned banks. However, abrupt changes in technology in the past year have led to new competition in China’s financial services sector by some of China’s largest technology firms.

These tech firms are offering internet-based funds that not only are providing a significantly higher interest rate than bank savings accounts, but also provide linkages to other goods and services offered by the tech firms. For this reason, they have quickly come to be seen as potential ‘industry disruptors’ in China.

This issue of China 360 dives into the emergence of these internet-based funds, by explaining how they work and how they compare to more traditional investment products. In addition, what might be the potential next steps by regulators, and how will banks respond? And finally, who is the big winner amongst this new type of competition?
 
To view this issue, click here.
 
About China 360
 
The China 360 newsletter series provides up-to-date topical issues outlining significant developments in China and can be shared externally. 
 
If there are any topics you or your clients would like to read about in future editions of China 360, please contact the Global China Practice
 
To learn more about doing business with China, please visit the China Confident Portal to access the ‘China Basics’ and ‘Investing in China’ e-learning courses. The ‘Developing and Executing a China Strategy’ market ready express pack provides further knowledge and materials to facilitate dialogues with clients about their China investment strategy.

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