geo/china
A space where influential industry leaders gather to talk the future of money is back and launching in the world’s largest fintech market, China. Money 20/20 will be held in Hangzhou on Nov. 14-16 and give access for international companies to learn more about the China FinTech market. The three-day event will provide information surrounding ten themes. Among them are, bank revolution, inclusive finance and alternative lending.
Fintech Week is the world’s largest cross-border financial technology event, which will take place in Hong Kong, Oct. 9 – Nov. 2.
Over 8,000 attendees from more than 50 countries are expected to be present, along with 200 or more fintech founders, investors and regulators.
Rachel Freeman, International Finance Corporation Advisory Manager, Financial Institutions, Asia Pacific, Matthias Kröner, Co-Founder and CEO of Fidor and a host of other top industry leaders are scheduled as speakers for the event.
According to Reuters, Hong Kong’s banking regulator and seven banks, including SME Finance Forum member Standard Chartered PLC said they will jointly launch a trade finance platform in September using blockchain technology. Reuters says the platform will be one of the largest examples globally of a government-led, cross-bank effort to reform the multi-billion dollar trade finance sector using the distributed ledger technology that underpins digital currencies such as bitcoin.
FinovateAsia is returning to Hong Kong! Join us for two days of wall-to-wall fintech activity, featuring Finovate’s signature combination of fast-paced demos and insightful expertise.
SME Finance Forum member CreditEase, a Beijing-based leading FinTech conglomerate in China, announced that its product ShangTongDai won “The Best API Product Initiative, Application or Programme” award and became the only non-bank financial services company winning The Asian Banker Transaction Award. The fellow winners of The Asian Banker Awards include ICBC, China Merchant Bank and other traditional financial institutions.
There are over 11 million formal SMEs in China and 58% of them are financially constraint according to the MSME Finance Gap 2017. The size of the finance gap is 17% of GDP. Digital and mobile banking opened new opportunities for affordable finance for China’s entrepreneurs by decreasing transaction cost of making a loan.
On May 23, SME Finance Forum member Ant Financial Services Group signed a strategic cooperation agreement with China Everbright Bank Co., Ltd and Everbright Technology Co., Ltd., a fintech subsidiary of China Everbright Group, to facilitate China Everbright Bank's digital transformation.
The rapid growth of social networks and e-commerce platforms has transformed the way people communicate and transact around the world. Integrating digital payments into these growing networks and platforms has presented vast opportunities to drive economic opportunity, financial inclusion, transparency, security and growth. In practically all countries individuals, businesses and policy-makers are recognizing these opportunities and acting on them, but perhaps nowhere more so than in China.
The largest fintech conference in Hong Kong 2000 people will gather in Hong Kong, with the world’s best speakers assembled to cover fintech design, innovation and entrepreneurship, and see the top 24 startups globally pitch for prizes and cash. Join 2,000 global fintech leaders with 60 speakers from 20 countries.
This is the ninth annual report on China’s MSME finance development, produced by a team led by Shi Jianping and Yang Rubing of the Central University of Finance and Economics. The report provides a comprehensive review on the development of the so-called Micro and Small Finance (MSF) market in China, meaning financial services to Small and Micro Enterprises (MSEs), unincorporated but registered urban businesses and MSE owners. As the Chinese Medium Enterprises are relatively large, this definition corresponds more or less to the international understanding of MSME finance.
