By Karry Lai, Asia
Urgent work is needed on fintech regulation in Greater China
to provide more clarity and flexibility for fintech companies,
according to panellists at the IFLR Fintech Asia conference in
Hong Kong last week.
The internationalisation of Chinese companies and
international companies looking to expand into China are
increasing in the fintech space. But companies are picking and
choosing which jurisdictions can give them more leniency.
A top concern for fintech firms is how services and product
offerings can trigger regulatory licensing requirements if they
are considered to be financial services in the PRC.