China Daily Global Edition (USA)

Fitch report: Fintech innovation rising


Financial technology has continued to prosper in China despite intense regulatory scrutiny to control risks, with the sector expected to see healthy surges in investment and innovation, said a new report from Fitch Ratings, a global credit ratings agency. Fintech has seen rapid growth in China due to a favorable environmen­t fostered by the wide use of mobile devices and the internet, a strong digital payment ecosystem, and the government’s promotion of technologi­cal and financial innovation to support economic growth.

Newspapers in English

Newspapers from United States