China and the UK are emerging as the global leaders in the nascent FinTech sector. Photo credit – Pixabay
Further growth in China / UK FinTech cooperation
A prestigious event in London has seen the signing of two agreements which should lead to even further cooperation between the British and Chinese FinTech sectors.
The agreements were signed by Chengdu Financial Holding Group and BGTA (a Chinese accelerator) in the presence of The Lord Mayor of the City of London, Charles Bowman, and the Mayor of Chengdu, Luo Qiang.
The news follows our report from 2017 about growing FinTech links between China and the British city of Cambridge.
Specialist Chinese FinTech company BBD has made a significant investment in Cambridge, which is the location of its UK research hub.
The research hub is part of a pioneering ‘incubation program’ set up by BBD. This will foster enhanced relationships across the international FinTech community.
China and the UK are emerging as the global leaders in the nascent FinTech sector.
The incubation program is itself part of BBD’s membership of the pioneering Global FinTech Research Network, which according to specialist publication Business Weekly, aims to “stimulate a more fertile environment for international trade.”
The three main developments in Cambridge are:
1. Collaborations between Cambridge and Zhejiang Academy of Internet Finance.
2. The launch of a new Global Crowdfunding Index with local partner Crowdsurfer.
3. Help for other Chinese investors, particularly in the financial industries, to make contacts and relationships in Cambridge.