Following in the footsteps of Chinese internet giants such as Alibaba, Tencent, and JD.com, leading Chinese P2P platforms have begun evolving into one-stop wealth management platforms.
This updates the weekly roundup of financing deals and M&A activity in China’s Fintech sector.
When the State Council of China issued its guidelines for the internet finance industry in July, the single most talked about guideline among platform operators is the government’s encouragement of banks to provide custodian services for investor funds used for platform transactions.
This marks my inaugural weekly roundup of financing deals and M&A activity in China’s Fintech sector.
One recurring topic at the conference that caught my attention was the idea of “having skin in the game,” which refers to platforms putting their own capital at risk so their interests would be aligned with investors that purchase loans as investments on these platforms. Putting capital at risk is a very relevant topic to platforms in China and is also very relevant to the pending regulations for the industry.
I'll send out the latest commentary on Chinese internet finance from a industry insider's perspective.
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