Fintech

This file photo taken on 27 October 2020 shows a woman walking past an Alipay advertising billboard in a subway in Beijing. (Greg Baker/AFP)

Building an integrated digital economy: How Asia can continue to thrive in the post-pandemic era

With the pandemic showing little signs of slowing and as countries around the world shift away from the traditional economy, academic Pei Sai Fan notes that this is an opportune time for Asia to boost its digital economic sector. Namely, there will be the opportunity to consider building a more integrated Asian digital economy and to promote Asian digital trade and a common digital currency.
China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken 16 October 2020. (Florence Lo/REUTERS)

Will China's digital currency accelerate the internationalisation of the RMB?

Some are of the opinion that an e-RMB will encourage the internationalisation of the RMB as a major global currency. NUS academic Duan Jin-Chuan argues that whether the RMB is digitalised or not is not the key issue; internationalisation of the RMB really depends on demand for and attractiveness of the RMB as a trading and value storage tool.
This file photo taken on 17 September 2018 shows Alibaba Group executive chairman Jack Ma preparing to deliver a speech during the main forum of the World Artificial Intelligence Conference 2018 (WAIC 2018) in Shanghai. (STR/AFP)

China's tightening fintech regulations may benefit Ma Yun's Ant in the long term

The writing was on the wall, but what changes has fintech company Ant Group’s recent IPO suspension sped along for the online microfinance industry? Zaobao correspondent Chen Jing takes a closer look.