If traditional industries are the ground troops in the looming conflict, cross-border e-commerce platform Youkeshu is China’s militia. Its CFO talks trade warfare, hedging strategy and bank relationships.
It's like nothing China's treasurers have seen in the past 10 years; a toxic combination of defaults, US rate hikes, a downturn at home, regulatory interference and trade tensions are killing bond issuance.
In a first for the country's banks, one of China's big-four lenders taps fintech to provide a loan online. The bank says using technology will offer businesses in the agriculture sector easier access to liquidity.