From Silicon Valley to Shenzhen: Dollar Exposures in Chinese Fintech

Author
Michael B Greenwald
Content Type
Commentary and Analysis
Institution
Belfer Center for Science and International Affairs, Harvard University
Abstract
In the post-9/11 era, Washington has waged innovative campaigns against terrorism finance, sanctions evasion, and money laundering. Leveraging America’s heavyweight status in the international financial system, the United States Treasury has isolated and bankrupted rogue regimes, global terrorists, and their enablers. As financial technology transforms global business, the traditional financial system faces new competition across a suite of offerings, ranging from brokerage services to peer to peer lending. In no area is this clearer than in mobile payments, where a global hegemon lies ready to exercise its weight, and it is not the United States
Topic
International Relations, International Affairs, Financial Markets
Political Geography
Global Focus