Money Market Funds Now A Big Threat To Chinese Banks: UBSVW Staff
A recent report on Chinese Banking by UBS analysts Irene Huang, Michelle Li and Stephen Andrews highlights the emergence of Money Market Funds (MMFs) in China and says these funds could usher in a wave of disintermediation in the Chinese banking industry within the next two years.
Money market funds: The digital challenge
In June this year, China’s biggest e-commerce company, Alibaba Group Ltd, announced that its third-party payment platform, Alipay, also the biggest in the country, would launch Yu E Bao, a exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible