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1. Web Banks, Offering High Interest Rates, Rise in China.

Author

BARBOZA, DAVID and Yifan Yang, Stephanie

Subjects
*INTEREST rates, *INTERNET industry, *BANKING industry, *BANKING laws, *MONEY market funds, *RATE of return
Abstract

The article discusses a trend of Chinese Internet companies offering consumers banking services with higher interest rates than those offered by Chinese banks as of March 2, 2014. Topics addressed include the impact of China's regulation of interest rates, as well as Chinese internet retail company Alibaba's creation of money market service Yu'e Bao.

Published
2014

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