Silicon Valley bank collapse may affect Chinese startups

World Today

Silicon Valley bank collapse may affect Chinese startups

Chinese tech firms who do business with Silicon Valley Bank needn’t worry for now, according to an economics professor in New York – America’s financial capital where many Chinese companies are listed.

Joseph Foudy, spoke to CGTN’s Jody Jacobs and says the concern is rather, whether other U.S. banks are willing to take the risk with Chinese start-ups.