Trump famously accused China of manipulating its currency to gain an undue advantage when trading with its’ partners. We covered the story of problems between the U.S. and China in our story about Hong Kong in June last year.
Recently there was a scandal that we covered at #DisruptionBanking involving German digital payment giant Wirecard. € 1.9 billion went missing. The story may have led the Chinese government to understand that it needs to scrutinize Fintech companies more; and that fraud does happen in this sector.
Fang went on to reveal that offshore investors hold $294bn of stocks in circulation. Including all investment through other channels as well, foreign investors own just 4.69% of Chinese stocks in circulation. In comparison, international investors own roughly 30% of Japanese and South Korean stocks.
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