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 ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.