Equities.com’s Ari Zoldan joined Jay Huang of Jade Stone Venture and Duncan Clark of BDA China on CCTV to discuss the Internet Finance sector. Some of the key discussion points included to China’s government issued guidelines to regulate this fast-growing industry and whether it hinders or promotes the rate of development.
Similar to the booming Fintech industry in the U.S., the future of the Internet Finance market also raises a lot of questions on the implications of the traditional banking sector. As of the end of 2014, China already has nearly 650 million netizens, and online payment users have reached over 300 million. Obviously, there is a lot of potential there, but as with any new market that has the ability to disrupt long-standing industries, how it is regulated and nurtured is critical for an economy. Watch the discussion below.
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