China. Fintech energizes real economy
Chinese financial technology or fintech firms are expected to lead industry innovation and facilitate growth of small and medium-sized enterprises or SMEs in the Asia-Pacific region, said an executive of a leading Chinese fintech company.
Tang Ning, founder and CEO of Beijing-based CreditEase, said tremendous development opportunities await fintech firms as well as peer-to-peer or P2P lenders in the next decade despite a stricter regulatory environment.
After more than 10 years of development, China’s fintech has entered the world’s top league. Its innovation in terms of technology and the business model will continue to improve the drive for financial inclusion and efficiency in financing, which will better serve the real economy, Tang said on the sidelines of the APEC CEO Summit in Vietnam earlier this month.
Read more @China Daily
