Hacker News Comments on
Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise
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Jan 20, 2021
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dmix on
Jack Ma makes first live appearance in three months in online meet
Surprised no one has mentioned “Red Capitalism (2012)” which specifically covers the finance industry in China (pre-AliPay but post reform in the modern era) which gives a clear insight into the sort of banking system Ma tried to shake up and their big role in China’s rise.https://www.amazon.com/Red-Capitalism-Financial-Foundation-E...
The author is an excellent China Watcher who works at an Australian think tank and basically covers this topic for a living.
His blog post on the matter is a good starting point, which was before the IPO was cancelled, and many before that were prescient.
https://www.lowyinstitute.org/the-interpreter/many-trails-an...