This is a countdown of the major financial events of 2013, starting with the "dama" gold-buying frenzy. The term "dama" literally means "aunty" and is a term for Chinese middle-aged, bargain-hunting women.

The second major financial event of 2013 was Alipay's "Balance treasure." Watch to find out more about this controversial initiative.

The third major financial event of 2013 was the development of online lending. While it offered much higher rates of return, a much higher risk was involved as well.