China needs to relax fintech rules

Author: Amélie Labbé | Published: 24 Oct 2017

By Karry Lai, Asia reporter 

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.

"There is...