Internet firms urged to continue linkups with lenders, regulators

Internet-based technology is allowing more customers' financial needs to be met, thanks to niche software and collaboration agreements, said experts and CEOs at a sub-forum of the Fifth World Internet Conference on Thursday.

Observers predicted the fintech sector's recent growth will continue, as more tech firms have been cooperating with financial companies and institutions across the country.

Speaking at the forum, Zhang Xiaoyan, vice-president of the National Institute of Financial Research at Tsinghua University, noted how a number of internet companies in China and other developing countries have scored big achievements in recent years, because with the aid of financial technologies, they managed to satisfy consumers' demands, previously underserved by traditional financial institutions.