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

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RR Phantom

RR Phantom

Location : Wasted Space
Job/hobbies : Cayman Islands Actuary

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PostSubject: The other credit risk to watch in China: Fintech-fuelled debt    The other credit risk to watch in China: Fintech-fuelled debt  Icon_minitimeMon May 29, 2017 11:00 pm

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

The other credit risk to watch in China: Fintech-fuelled debt  1496069764691

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".

http://www.smh.com.au/business/banking-and-finance/the-other-credit-risk-to-watch-in-china-fintechfuelled-debt-20170529-gwf7hr.html
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