Comments on Alibaba with Gary Lee
發表於 : 2021-02-24, 00:38
Gary Lee
"China government doesn't need to punish Alibaba, just turn the superfast approval process to a 'cautious' process, lax inspection to thorough inspection, and promote more competitors in related turf...."
This is an area worth a Think Tank to spend time and energy. The following points should be noted:
(1) Should Micro loans (start at RMB500, average 3,000, top 50,000) have a simple, speedy procedure?
(2) Should Micro loans be based on asset or on payment history?
(3) Will Micro loans benefit the Rich or the Poor more?
(4) Credit Cards charge interest rates comparable to Alipay (14%). Is that acceptable?
(5) Banks may loan out 9 units more than its deposits. These 9 units are “money from thin air”. Banks receive interests as well as principal on such thin air. HSBC became one of the largest Banks in the World via such loans on real estates.
(6) Should a Foreign Bank has the above privilege? Is there a potential safety threat? Was this one of the reasons USSR collapsed?
(7) Should a domestic Bank be carefully monitored? Should Government be the ultimate guarantor in the Banking and Financial System?
"China government doesn't need to punish Alibaba, just turn the superfast approval process to a 'cautious' process, lax inspection to thorough inspection, and promote more competitors in related turf...."
This is an area worth a Think Tank to spend time and energy. The following points should be noted:
(1) Should Micro loans (start at RMB500, average 3,000, top 50,000) have a simple, speedy procedure?
(2) Should Micro loans be based on asset or on payment history?
(3) Will Micro loans benefit the Rich or the Poor more?
(4) Credit Cards charge interest rates comparable to Alipay (14%). Is that acceptable?
(5) Banks may loan out 9 units more than its deposits. These 9 units are “money from thin air”. Banks receive interests as well as principal on such thin air. HSBC became one of the largest Banks in the World via such loans on real estates.
(6) Should a Foreign Bank has the above privilege? Is there a potential safety threat? Was this one of the reasons USSR collapsed?
(7) Should a domestic Bank be carefully monitored? Should Government be the ultimate guarantor in the Banking and Financial System?