China’s private banks have the makings of success and can help to fill the gap in SME lending but major challenges lie ahead, this year’s Boao Forum heard.
On the last day of this year’s Boao Forum in Hainan, panelists representing areas of the financial markets discussed last summer’s stock market meltdown.
LeEco's sports arm exceeds expectations with its Rmb8 billion ($1.23 billion) Series-B round of funding, more than septupling its valuation in just 10 months.
After spending a record amount on the broadcasting rights for China’s top football division, Li Ruigang is looking overseas, where he already owns a stake in Manchester City.
Levin Zhu, son of former Chinese premier Zhu Rongji, tells the Boao Forum that finance still needs the human touch and that technology will not lead to its extinction.
Chen Zhiwu, a member on the international advisory board of the China Securities Regulatory Commission, says diversified ownership could increase corruption.
The Boao Forum had some bright moments of sparkling real debate, but because so many politicians are fearful of commitment, it fell short of offering a dialogue on how to begin to change the world.