NCF looks abroad for 50% of revenue

The CEO of fintech services company NCF Group - which is among the country's first batch of groups to obtain full-fledged internet finance licenses - said that the strategic goal of his firm is to generate half its business from overseas markets in the next three to five years thanks to the Belt and Road Initiative.

CEO Sheng Jia told China Daily during the Belt and Road Forum for International Cooperation, which ended on Monday, that his company already operated in services like third-party payments, wealth management and peer-to-peer lending - but is gearing up for expansion in Southeast Asia and Europe through equity investments and technology sharing.

"President Xi Jinping's emphasis on the digital economy and financial technology suggests huge potential can be unleashed under the Belt and Road Initiative, and is a guideline to fintech firms to expand overseas," he said.