4 Items

Stock prices are displayed at the New York Stock Exchange, Wednesday, Sept. 18, 2019.

AP Photo/Mark Lennihan

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

The Geoeconomic Superstorm Threatening the Globe’s Three Financial Hubs

| Sep. 30, 2019

While New York, London, and Hong Kong will continue to play outsized roles in international business, their current privileged status may be more precarious than it seems.

Saudi Arabia Deputy Crown Prince Mohammed bin Salman shakes hands with Chinese President Xi Jinping

AP Photo/Rolex Dela Pena

Analysis & Opinions - The Hill

In the Gulf, China Plays to Win but US has Upper Hand

| Mar. 12, 2019

A surge of U.S. oil production has reduced Washington’s need for imports, leaving China as the world’s largest purchaser of crude in global markets. Meanwhile, Beijing has become the largest trading partner of Saudi Arabia, the United Arab Emirates, Kuwait and Oman, as well as Iraq, Iran, Egypt and Lebanon. Now, with synergy between Xi Jinping’s One Belt, One Road and Vision 2030, the stars seem aligned for a Saudi-Sino alliance to displace American influence in the Gulf.

Photo of people crossing bridge in Shanghai that shows stock prices.

(AP Photo/Paul Traynor)

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

From Silicon Valley to Shenzhen: Dollar Exposures in Chinese Fintech

| Dec. 17, 2018

In the post-9/11 era, Washington has waged innovative campaigns against terrorism finance, sanctions evasion, and money laundering. Leveraging America’s heavyweight status in the international financial system, the United States Treasury has isolated and bankrupted rogue regimes, global terrorists, and their enablers. As financial technology transforms global business, the traditional financial system faces new competition across a suite of offerings, ranging from brokerage services to peer to peer lending. In no area is this clearer than in mobile payments, where a global hegemon lies ready to exercise its weight, and it is not the United States.