Briefly

Fitch report: Fintech innovation rising

Financial technology has continued to prosper in China despite intense regulatory scrutiny to control risks, with the sector expected to see healthy surges in investment and innovation, said a new report from Fitch Ratings, a global credit ratings agency. Fintech has seen rapid growth in China due to a favorable environment fostered by the wide use of mobile devices and the internet, a strong digital payment ecosystem, and the government's promotion of technological and financial innovation to support economic growth.

Henan sees robust growth in foreign trade

Central China's Henan province saw robust growth in foreign trade during the first three months. The value of imports and exports hit 192.08 billion yuan ($29.5 billion) during the period, up 79.3 percent on a yearly basis, data from Zhengzhou Customs showed. Of the total, exports soared to 120.39 billion yuan, up 86.4 percent on a yearly basis, while imports rose 68.6 percent on a yearly basis to 71.69 billion yuan.

Xinhua