The trend of Internet Finance in China and Innovation in Shenzhen Dr. Witman Hung JP Principal Liaison Officer for Hong Kong The Shenzhen Qianhai Authority 2017.05.25
Source: Bank 3.0 2 The world is changing
3 Disruption in Internet Finance
4 Decline in Cash Use
In 2016, global investment in fintech companies hit $24.7 Billion across 1076 deals In which, $8.6 Billion across 181 deals in Asia https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2017/02/pulse-of-fintech-q4-2016.pdf
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8 FinTech Ecosystem in China Source: Business Intelligence
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10 China s population: 1.37 billion ; 500 million smartphones Overall, the Chinese FinTech market is currently focused on payments, lending and bitcoin. Nearly 1 in 10 of all Chinese payments is done through Alipay, and 80 percent of Bitcoin volume is exchanged through the Yuan currency. Source: U.S. Department of Commerce International Trade Administration Industry & Analysis
11 The rise of digital wallets THE RISE OF FINTECH IN CHINA DBS and EY 2016
12 Chinese FinTech firms aggressively creating all-encompassing platforms THE RISE OF FINTECH IN CHINA DBS and EY 2016
13 Chinese FinTech firms aggressively creating all-encompassing platforms Source: https://ir.citi.com/d%2f5gckn6uosvhbvcmuds05sysradvaykpjb5subgr7f1jme8w2ox1bqpfm6rdjsrspgzsaxhyxy%3d
14 2016 China Leading Fintech50 Source :KPMG China
15 Location of China leading Fintech 50 Source :KPMG China
16 China The world largest Fintech market https://www.dbsinsights.com/china/chinas-fintechs-disrupt-world
17 China The world largest Fintech market https://www.dbsinsights.com/china/chinas-fintechs-disrupt-world
18 https://www.dbsinsights.com/china/chinas-fintechs-disrupt-world
19 China is leading in Global Fintech Market https://www.dbsinsights.com/china/chinas-fintechs-disrupt-world
20 Fintech ecosystem in China In China, there is a lot of potential for greater cooperation and collaboration between financial services organisations, risk management firms and Fintech start-ups. Many banks have now recovered from the effects of the financial crisis and have large pools of capital available to increase investment in new products and services. These organisations would benefit from the insights offered by risk management firms and also the innovative technologies being pioneered by Fintech firms.
21 Four favorable factors benefit the rise of China s Internet finance market and facilitate its leading position in the world McKinsey Greater China FIG Practice :Disruption and Connection: Cracking the Myths of China Internet Finance Innovation
22 Open, inclusive regulatory environment supports innovation of Internet finance in China McKinsey Greater China FIG Practice :Disruption and Connection: Cracking the Myths of China Internet Finance Innovation
23 Impact of Digital Disruption by Business Line Source: https://ir.citi.com/d%2f5gckn6uosvhbvcmuds05sysradvaykpjb5subgr7f1jme8w2ox1bqpfm6rdjsrspgzsaxhyxy%3d
24 3 categories of risks and uncertainties need to be cautiously handled in China
25 Hong Kong + Shenzhen in the world s fintech arena A tale of 44 cities Connecting Global FinTech: Interim Hub Review 2017 Published by Deloitte April 2017
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29 Shenzhen
30 China Merchants Bank to achieve the first block chain project commercial China Merchants Bank has achieved new breakthroughs in block-chain technology, and the first to implement block-chain technology for global cash management Global Cash Management in the field of cross-border direct liquidation, global account unified view and crossborder capital collection of the three scenes.
31 Shenzhen-Hong Kong Collaboration in Qianhai Land Capacity 土地增容 Talents Capacity 人才擴容
32 Shenzhen-Hong Kong Collaboration in Qianhai for the development in Internet Finance / Fintech Industry 產業合作 Talents 人才合作 Legal 法治合作 Development 開發建設合作 Finance Logistics IT Technology Specialized Services Cultural & Creative Placement Internship Income Tax Alliance Part-time job International Arbitration Juror from Hong Kong Anticorruption Administration HK Design HK Standard HK Management HK Services
33 Benefits of Shenzhen-HK collaboration in Internet Finance Proximity & bifidity 2 systems Hong Kong Financial Centre + Shenzhen Innovation Hub
34 Benefits of Shenzhen-HK collaboration in Internet Finance HK is a international Financial centre Presence of major stakeholders (e.g. insurance, banking, asset management, treasury etc.) Knowledge in well-recognised regulations Legal system, lifestyles & culture can link to international markets
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