Fintech

China issued a Fintech Development Plan that looks to boost technology investments in financial services to provide more digital products to increase customer satisfaction by 2021. The Plan also mentions a number of technology areas such as AI, blockchain, and cybersecurity. (link)

November venture capital in China reached $2B (link)

UBS is launching a digital hub in Hong Kong to connect fintech startups in the region and UBS high net worth clients. To date, UBS has invited about 100 startups into their digital hub. (link)

Deloitte is investing $200M to expand its China presence. The investment will be mainly used to build talent development and to further shift its business from audit to emerging areas such as fintech.

China tech venture funding in April’17 reached $1.9B. Complete report here.

Lots of fintech related activities in China this week:

China’s Central Bank, People’s Bank of China, is establishing a supervisory committee to focus on innovation in…

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FinTech

China: the world’s new FinTech leader

Fintech startup Wecash bags US$80M in Series C financing

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China’s President Xi Jinping announced that the Chinese military will need to be more technology enabled at the annual meeting of China’s Parliament. This coincides with soon to be released…

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Trump announces budget cuts that may give China tech leadership

Israel venture capitalists’ perspective on rapid tech development in China