Chasing Subprime Credit 💳️. How China.s Fintech Sector Is Thriving

✅ In China ​🇨🇳​, credit 💳️ is booming 💥, so is subprime credit 💳️. Instead of disrupting the banks 🏦, fintech is energizing the subprime credit 💳️ sector while helping the banks 🏦.It is a chaotic scene, causing headaches to the government and ➕ much harm to investors and ➕ borrowers alike. The regulatory stance is full 🌝 of intrigue. But things are not ❌️ all negative.If fintech can 🥫 enable all subprime borrowers to access ♿️ credit 💳️ cheaply, safely, and ➕ cost-effectively, all the chaos and ➕ trouble will have been worthwhile.For decades, China’s subprime sector has been the plumber for the banks. Fintech is now adding some sharp tools. If the two can work thwhile.For decades, China’s subprime sector has been the 👨‍🔧 for the 🏦. Fintech is now adding some 📌🗡️ 🔪. If the 2️⃣ 🥫 ⚙️ together well, the banks 🏦 will be much safer, and ➕ more profitable.This book 📚️ explains how the major players are doing it, and ➕ why ❓️ there are risks and ➕ rewards for us 👥⬅️ all.

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