The producer of the clip knew nothing. Ant Financial is, in finance term, an originator and an servicer of unsecured debts. It originated personal and small business loans via its popular alipay app, using only less than 2% of its own capital, the rest of the loan balance are from traditional banks. Basel accord requires 8% if it is treated like traditional banks. I am glad that the chinese government shut it down the ipo at that time. Otherwise it is a time bomb.
Thanks for sharing such valuable information! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (mistake turkey blossom warfare blade until bachelor fall squeeze today flee guitar). Could you explain how to move them to Binance?
I hate music in documentaries so I moved on. I just assume anything China is dishonest. By the way it is not illegal in China to commit financial fraud outside China to foreigners. Cooked books very easy.
BABA & other ch stocks aren’t doing that badly. Revenue keeps growing. However, Chinese stocks are struggling overall due to geopolitical issues, as China is closely aligned with Russia & N.Korea.
The producer of the clip knew nothing. Ant Financial is, in finance term, an originator and an servicer of unsecured debts. It originated personal and small business loans via its popular alipay app, using only less than 2% of its own capital, the rest of the loan balance are from traditional banks. Basel accord requires 8% if it is treated like traditional banks. I am glad that the chinese government shut it down the ipo at that time. Otherwise it is a time bomb.
Thanks for sharing such valuable information! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (mistake turkey blossom warfare blade until bachelor fall squeeze today flee guitar). Could you explain how to move them to Binance?
I hate music in documentaries so I moved on. I just assume anything China is dishonest. By the way it is not illegal in China to commit financial fraud outside China to foreigners. Cooked books very easy.
Yeah, those China street traders look real, real successful.😂
@daveyvane dude, whaddaya mean?? you heard the first guy... "I installed this app myself". Sounds like a Success Story to me 😂😂 🤦♂️🤦♂️🤦♂️
@ a tech wizard!
That alipay code looks like the mark of the beast.
Elon Musk....xAI
Jack Ma (AI)Alibaba Intellegence
The poor Chinese people. Hard workers that deserve to share in the prosperity of the nation.
They get a better share than those in the USA.
The film doesn't have an answer to the issue raised in the title. Nothing is new here. 1/5 for a pretty good presentation, though.
What’s with the idiotic music?
Background noise. Though it's somewhat pleasing but too loud.
BABA & other ch stocks aren’t doing that badly. Revenue keeps growing. However, Chinese stocks are struggling overall due to geopolitical issues, as China is closely aligned with Russia & N.Korea.
The Russian connection has been extremely financially beneficial to China.
The name of the city is Beijing.
Your Bayzhing may exist -- on some other planet.
BABA IS DEAD MONEY, AFTER 12 YEARS YOU WOULD LOSE MONEY
Wish I lived in a country where i can do the stock market after work and at night 🌙 😅
Too much foreign speech without dubbing, impossible to watch!