In China’s Fintech Explosion, Sara Hsu and Jianjun Li explore the transformative potential of China’s fintech industry, describing the risks and rewards for participants as well as the impact on consumers. They cover many subsectors of the industry: digital payment systems, peer-to-peer lending and crowdfunding, credit card issuance, internet banks, blockchain finance and virtual currencies, and online insurance. Offering analysis of market potential, risks, and competition, the authors describe major companies including Alipay and Tencent, and other leading fintech firms.

China’s Fintech Explosion: Disruption, Innovation, and Survival | Sara Hsu

The National Committee on United States-China Relations is a nonprofit, nonpartisan educational organization that encourages understanding and cooperation between the United States and Greater China in the belief that sound and productive Sino-American relations serve vital American and world interests. With over four decades of experience developing innovative programs at the forefront of U.S.–China relations, the National Committee focuses its exchange, educational and policy activities on politics and security, education, governance and civil society, economic cooperation, media and transnational issues, addressing these with respect to mainland China, Hong Kong, and Taiwan.

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Given the opaque nature of the leadership changes prior the 20th Party Congress, the announcement of the composition of the Politburo and the Politburo Standing Committee will surely surprise many observers of Chinese elite politics. In conversation with National Committee President Stephen Orlins, Cheng Li provides fresh insights into the main surprises on the personnel front. In addition, Dr. Li discusses whether the appointments reveal any shifts in the balance of power and factional fault lines in Zhongnanhai, what the new leadership suggests about the trajectory of domestic and foreign policy, and what Xi Jinping might have signaled regarding future political succession. This webinar was conducted at 10:00 a.m. on October 26, 2022, three days after the conclusion of the Party Congress. 3:05 What is the structure of the Chinese Communist Party? 7:07 Who will be on the Politburo Standing Committee? 10:20 What are the surprises coming out of the 20th Party Congress? 23:31 What will China's foreign policy and economy teams look like? 31:03 How many Politburo members are foreign-educated? 32:59 What are Xi Jinping's priorities in his next term? 38:30 What happened to Hu Chunhua and Hu Jintao? 42:45 Is Qin Gang's ascension to Foreign Minister attributed to his relationship with Xi Jinping? 51:01 What will be the role of the State Council? 55:08 What are the implications for the Taiwan Affairs Office? 58:23 How has China's middle class responded to these appointments? About the speaker: https://www.ncuscr.org/event/20th-party-congress/ Subscribe to the National Committee on YouTube for video of this interview. Follow us on Twitter (@ncuscr) and Instagram (@ncuscr).

Beyond Surprises: Evaluating China’s Post-20th Party Congress Leadership Lineup

What does the 25th anniversary of the Hong Kong handover mean for the people of Hong Kong, the PRC, and the world? Much has changed since 1997, when sovereignty of Hong Kong was transferred from Great Britain to China. Through the lenses of language, politics, and identity, three leading experts discuss the relationship between Hong Kong and Mainland China, how it has evolved over the past 25 years, and what these dynamics tell us about Hong Kong today. The National Committee on U.S.-China Relations held an event on June 20, 2022 with panelists Kris Cheng, Pierre Landry, and Gina Tam discussing the past, present, and future of Hong Kong.

Hong Kong Handover at 25: Language, Politics, and Identity

The global electric vehicle (EV) industry has experienced enormous growth in recent years. The United States and China recognize that EVs are key to a carbon neutral future, yet a complex network of supply chains, differing government regulations, and disparate consumer acceptance pose challenges to this great opportunity. How will the United States and China scale up the infrastructure needed for EVs? Where can they cooperate in setting international EV standards? How can they work together to address key cybersecurity and battery technology concerns? The National Committee held a virtual program on June 7, 2022 with John Paul MacDuffie and Ilaria Mazzocco, moderated by Scott Kennedy, wherein they discussed the implications of a growing global EV market on U.S.-China relations.

Charging onto the Open Road: EVs and U.S.-China Relations | John Paul MacDuffie, Ilaria Mazzocco

The National Committee held its annual members program on May 24, 2022 featuring four National Committee directors, Paul Haenle, Ben Harburg, Elizabeth Knup, and Nancy Yao, who considered the past, present, and future of the bilateral relationship from the perspectives of business, think tanks, foundations, and cultural institutions.

U.S.-China Relations Amid a Shifting Global Order: 2022 Members Program

President Biden will visit Seoul in May for his first meeting with newly-elected South Korean President Yoon Suk-yeol, as both countries face increasing mutual concerns, including North Korea's first intercontinental ballistic missile launch since 2017 in March, followed by the April test of a new tactical guided weapon to boost nuclear capability. How will these events influence Korea-China-U.S. Relations? What are the effects of Russia's invasion of Ukraine? What should we expect from President Biden's visit to Seoul? Sue Mi Terry discusses North Korea’s recent weapons tests, China’s response, and the implications for U.S.-China relations during an interview conducted on April 29, 2022.

China’s Fintech Explosion: Disruption, Innovation, and Survival | Sara Hsu

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