Search on Ifri.org

Frequent searches

Suggestions

Why Chinese Fintechs Have Failed to Reshuffle International Finance

Memos
|
Date de publication
|
Image de couverture de la publication
couv_chorzempa_us_page_1.png
Accroche

New Chinese financial technologies, including unparalleled electronic payment systems, have so far failed to threaten U.S. financial dominance.

Image principale
© Ivan Marc/Shutterstock.com
© Ivan Marc/Shutterstock.com
Corps analyses
  • Obstacles include protection against Chinese acquisitions and concerns about data privacy.
  • Cultural and regulatory differences have also made Chinese fintechs’ adoption abroad uneasy.
  • Cross-border payments are even more difficult to convert to these fintechs, whose technological benefits are small compared to the advantages of U.S. dollar-based systems.
  • Concerns related to financial sanctions have heightened various countries’ interest in alternative payment systems, with little effect so far.

 

This Memo is also available in French, "Pourquoi les fintechs chinoises ont échoué à reconfigurer la finance internationale".

Decoration

Available in:

Regions and themes

ISBN / ISSN

979-10-373-0834-4

Share

Download the full analysis

This page contains only a summary of our work. If you would like to have access to all the information from our research on the subject, you can download the full version in PDF format.

Why Chinese Fintechs Have Failed to Reshuffle International Finance

Decoration
Author(s)
Image principale
digital globe
Geoeconomics and Geofinance Initiative
Accroche centre

Economic questions are approached from a political economy perspective: the evolution of the global economic system, governance and institutions, dynamics and trends of various economic zones (United States, Russia, China, emerging markets...). European issues are at the core of our research. 

Image principale

Trump's Trade War: What Answers for the European Union?

Date de publication
14 May 2025
Accroche

The announcement, on April 2, 2025, of “reciprocal tariffs” by the United States has opened a sequence of profound break with decades of established trade policy practices, where the administration behaviour has been marked by dogmatic blindness, amateurism, and self-serving interests. 

Image principale

How Geopolitical Tensions Reshape Trade Patterns: Geoeconomic Fragmentation, or China’s Big Manufacturing Push?

Date de publication
16 December 2024
Accroche

A data-based analysis shows that widespread geoeconomic fragmentation of world trade is not visible, at least so far. In contrast, the geopolitically-motivated challenges to international coordination are striking, notably in relation with China's surging surplus in manufactured goods trade.

Image principale

Multi-alignment and De-risking: The Global South Response to World Fragmentation

Date de publication
31 October 2024
Accroche

Turbulences and conflicts threaten the stability of the global order. What is the Global South’s response to these risks?

Hakim BEN HAMMOUDA
Image principale

Power and Financial Interdependence

Date de publication
03 May 2024
Accroche

The link between financial self-reliance and geopolitical power has long been debated. The unbalanced Sino-American trade relationship has created asymmetric financial ties which generate potential sources of leverage for both parties and will not quickly disappear. Absent a clarifying major crisis, it will be difficult to definitively determine which party has greater leverage.

Brad SETSER
Page image credits
© Ivan Marc/Shutterstock.com

How can this study be cited?

Image de couverture de la publication
couv_chorzempa_us_page_1.png
Why Chinese Fintechs Have Failed to Reshuffle International Finance, from Ifri by
Copy
Image de couverture de la publication
couv_chorzempa_us_page_1.png

Why Chinese Fintechs Have Failed to Reshuffle International Finance