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The Diplomat  |  Author

Sara Hsu

Sara Hsu

Dr. Sara Hsu is an expert in Chinese fintech, economic development, informal finance, and shadow banking. She is the author of “China’s Fintech Explosion.”

Sara Hsu is a Visiting Scholar at Fudan University. Prior to that, she was an Associate Professor of Economics at the State University of New York at New Paltz.

Dr. Hsu specializes in Chinese fintech, economic development, informal finance, and shadow banking. She has published one of the only English-language books on the topic of Chinese fintech, “China’s Fintech Explosion,” and informal finance, “Informal Finance in China: American and Chinese Perspectives,” as well as one of the only Chinese-language books on Chinese shadow banking. She has also published a number of articles and books on the topics of sustainable development, financial crises, and trade.

Sara Hsu earned her Ph.D. from the University of Utah and her BA from Wellesley College.

Posts by Sara Hsu
November 23, 2021

China’s Risky Investments: Wealth Management Products and Corporate Bonds

By Sara Hsu
Recent missed payments show why these are some of the riskiest assets in China.

November 09, 2021

Introducing the New Beijing Stock Exchange

By Sara Hsu
China’s third stock exchange is geared toward financing start-ups, but it is unlikely to prevent overseas listings.  
November 02, 2021

China’s Supply Chain Bottlenecks: Winners and Losers

By Sara Hsu
While manufacturers are losing out, logistics companies are making record profits.

September 29, 2021

Western Investors Are Divided on Buying Chinese Assets, With Good Reason

By Sara Hsu
Two related issues are plaguing investors: debt risks for Chinese firms and the uncertainty as to if, when, and how China will regulate particular sectors.

September 20, 2021

Evergrande Is a Symptom, Not Cause, of China’s Debt Woes

By Sara Hsu
Due to structural flaws in China's financial system, there will likely be other Evergrandes in the future.

September 07, 2021

China’s Crackdown on Private Equity Funds

By Sara Hsu
The private equity fund industry posed serious enough financial risks that additional oversight was necessary.
August 26, 2021

China’s Communist ‘Common Prosperity’ Campaign

By Sara Hsu
The “common prosperity” ideology is the realization of Chinese socialism imposed upon market-based, modern activity, which makes it especially hard for investors to interpret.

August 17, 2021

A New Way to Explain – and Predict – China’s Economic Policymaking

By Sara Hsu
Using a machine-learning process and a variety of economic, media, and regulatory factors, I have found ways to understand how certain types of Chinese policies are made.

August 12, 2021

China’s Insurtech Crackdown: Tech Saga Continues

By Sara Hsu
As if the existing tech crackdown wasn’t sufficient, China just rolled out new regulations for internet insurance companies.

August 06, 2021

China’s Tech Sector Regulations Are Costly But Not Shocking

By Sara Hsu
The flurry of tech industry regulations follows China’s typical pattern of regulatory crackdown on a sector that has been allowed to grow over time.

July 26, 2021

Reality Check: China’s Digital Yuan Is Not a Threat to the West

By Sara Hsu
There are enough real issue between the U.S. and China. There is little need to invent tensions, such as with the Chinese digital currency.
July 20, 2021

China’s ‘Circular 15’ Addresses Local Governments’ Hidden Debts

By Sara Hsu
Local government financing vehicle bonds are coming under increasing scrutiny as a source of financial risk.

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