The Rise of FinTech in China

Aspects of China’s traditional financial services sector may be somewhat underdeveloped compared to those in other developed markets, but the nation is emerging as the world’s FinTech market leader. For the period July 2015 to June 2016, Chinese FinTech investments in the market surged to US$8.8 billion, commanding the largest share of global investment in this sector.

As this exponential growth continues, China is poised to leapfrog developed nations and move to a digital financial marketplace.

 

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