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China’s FinTech is About to See the Other Side of its Lucky Coin

The FinTech industry in China should get ready for a rough time in 2016 as government ‘corrective’ actions will force the consequence of spoiling the FinTech party. Banks, on the other hand, may have a big fest in 2016 and reassert their industry dominance.

China, in particular Hong Kong, have long been one of the world's premier financial hubs and one of the most forward-thinking markets with the highest innovation adoption rate of 29%. As a leader in fostering a competitive environment, China largely opened up its market for FinTech startups to disrupt the country’s e-commerce giants Baidu, Alibaba and Tencent tha ...

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