Chasing Subprime Credit: How China’s Fintech Sector Is Thriving
この電子書籍について
It is a chaotic scene, causing headaches to the government and much harm to investors and borrowers alike. The regulatory stance is full of intrigue. But things are not all negative.
If fintech can enable all subprime borrowers to access credit cheaply, safely, and cost-effectively, all the chaos and trouble will have been worthwhile.
For decades, China’s subprime sector has been the plumber for the banks. Fintech is now adding some sharp tools. If the two can work together well, the banks will be much safer, and more profitable.?
This book explains how the major players are doing it, and why there are risks and rewards for us all.
TABLE OF CONTENTS
Disclaimer
By the Same Author
Introduction
Chapter 1 “Fraudsters Are the Biggest Winners!”
Chapter 2 Subprime Financing in the U.S. vs China
Chapter 3 Horror Stories
Chapter 4 Data, Data Everywhere. Which Is Useful?
Chapter 5 Rotten Apples Everywhere
Chapter 6 Common Joe Plays the Online Credit Market
Chapter 7 Two Leaders: 51 Credit and Feidai (CredEx)
Chapter 8 Qudian and Other Winners Will Not Take All
Chapter 9 Why Is Every Chinese Company Dabbling in Finance?
Chapter 10 Tackling the Used Car Finance Market
Chapter 11 Home Equity Loans for New Urbanites
Chapter 12 Too Many Limited-License Banks?
Chapter 13 The Tidal Waves of Subprime Credit
Chapter 14 Cleaning Up the Mess
Chapter 15 Valuations, and Not-So-Cynical Conclusions
Afterword
Appendix
Select Bibliography
Acknowledgments
著者について
Joe Zhang is the Chairman of China Smartpay. He sits on the boards of directors of a number of other firms including Fosun (656.HK), China Rapid Finance (CRF NYSE), and Logan Real Estate (3380.HK).
He worked 11 years at UBS Investment Bank. In the 1980s, he worked at the People’s Bank of China.
His many essays have appeared at Financial Times, The New York Times, The South China Morning Post, Nikkei Asia Review, The Asian Wall Street Journal, Reuters, and Bloomberg.