Fintech reimagines new service models

Editor's note: Prior to the Fintech and Construction of a Social Credit System forum to be held on Nov 8, which is a part of the ongoing fifth World Internet Conference in Wuzhen, Zhejiang province, the industry's insiders told China Daily reporter Zhu Lingqing how the online financial sector is growing and maturing given the strong support from the government's policies and better regulation of the capital market.

China's online financial industry has entered a new stage, in which the regulatory landscape is clearer after several rounds of policy adjustments.

Against the background of stricter supervision and financial deleveraging, more and more financial technology enterprises - so-called fintech companies - are emerging.