Business Commons^™

Chinese-Backed Fintech Lending Boom: How Did Indonesia Respond?, Angela Tritto, Yujia He, Victoria Amanda Junaedi

Diplomacy and International Commerce Reports

Peer-to-peer (P2P) online lending has the potential to boost innovation and financial inclusion in emerging markets, yet it can also incur investment and borrower-related risks, such as privacy breaches.

Driven by regulation control in China, Chinese investments flocked to Indonesia, causing a rapid expansion of online lending platforms.

Similar to what happened in China prior to the regulatory crackdown, the P2P lending boom in Indonesia saw a rise in unethical and illegal business practices. The government responded by creating new regulations and institutions to mitigate risks without stifling the potential for financial inclusion.

A proactive approach towards monitoring and regulating …

Chinese-Invested Smart City Development In Southeast Asia - How Resilient Are Urban Megaprojects In The Age Of Covid-19?, Yujia He, Angela Tritto

Diplomacy and International Commerce Reports

Smart cities are emerging as major engines for deploying intelligent systems to enhance urban development and contribute to the UN 2030 Sustainable Development Goals (UN SDG). In developing economies facing rapid urbanization and technological change, new cities are being built with smart technologies and ideals, complete with business districts and residential, retail, entertainment, medical, education facilities to entice businesses and talents to relocate. Governments tout the potential of such “greenfield” smart cities for innovation and sustainability. Yet such urban megaprojects are often extremely expensive, prompting governments to partner with private players such as property developers, investors, and tech firms to …