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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: Rarebird who wrote (180757)11/25/2021 8:38:18 AM
From: TobagoJack  Read Replies (1) of 217576
 
Interesting

Hard to fake dividends

Have an American friend who was a one time partner counterparts to Morgan Stanley and started a micro finance biz in Shenzhen that then transformed into a front for partner Chinese banks

So, know that the field is a real business

Am told thatthe borrowers generally pay on time, for a ruined reputation is akin to credit score-keeping in USA, craters financial flexibility going forward with all banks that work off of the same blacklist (tagged to national ID #)

Like the idea of QFIN

Did not know it existed
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