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China's Fintech contributes to world in technology and business models

By Song Jingli | chinadaily.com.cn | Updated: 2017-09-29 10:32

A visitor tries out the facial recognition login function of Alipay at an Internet finance expo in Hangzhou, Zhejiang province, Nov 20, 2015. [Photo / IC]

Q: Chinese tech companies like Alibaba have also invested in developing countries such as the BRICS. What are your views on Fintech development among these countries?

A: It is predictable that more Chinese Fintech companies will enter emerging markets and other underdeveloped regions. However, they will face great challenges in regulation. On the one hand, regulatory mindsets and ways are different from country to country. On the other hand, Fintech, which itself is a fast moving and changing industry, has raised lots of questions to regulatory bodies.

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