China: WeiyangX Fintech Review

Tsinghua PBCSF Releases China’s First Fintech Enterprise Database at the 4th World Internet Conference (Wuzhen Summit)

The Fourth World Internet Conference (Wuzhen Summit), themed as “Developing Digital Economy for Openness and Shared Benefits — Building a Community of Common Future in Cyberspace“, was successfully concluded in Wuzhen, China. Co-hosted by the Cyberspace Administration of China and the People’s Government of Zhejiang Province, this year’s Conference further facilitated discussion and dialogue on digital economy, cutting-edge technologies, internet and society, cyberspace governance, exchanges and cooperation.

Sponsored by the People’s Bank of China and Xinhua News Agency, a sub forum of the fourth WIC with the theme – “Fintech: Finding the Better Way to Drive the Real Economy”- invited global famous economists, government supervisors and directors of notable financial regulatory agencies and companies to have in – depth discussions on the related topics on December 5th, 2017.

It is on this forum that the PBC School of Finance at Tsinghua University (Tsinghua PBCSF) released China’s first Fintech enterprise database (http://www.fintechdb.cn/). The system encompasses more than 15,000 enterprises operating in China from all areas of Fintech industries (e.g. online lending, crowdfunding, blockchain, digital payment, consumer financing, etc.). Each enterprise is recorded with information of various dimensions, including 1) basic information (e.g. business category and team member), 2) operation information (e.g. recruiting), 3) capital information (e.g. funding rounds), 4) legal information (e.g. IPR) and 5) media information (e.g. press and media report).

According to Professor LIAO Li, Executive Associate Dean of Tsinghua PBCSF, the intention of setting up this database is to help present and track the latest development of China’s technology startups, contribute to related research and regulation, and finally better serve the burgeoning fintech industry in China. (Source: WeiyangX)

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LexinFintech Conducts Extra Due-diligence Investigation for a US IPO

As reported by Reuters, LexinFintech, China’s online provider of installment-based loans has decided to conduct extra due-diligence investigation for its IPO in the US.

By the end of November 2017, LexinFintech will file with SEC to be listed on NASDAQ, aiming to raise about $500 million. However, the added investigation may prolong the whole process.

Some media reports speculated that the move of LexinFintech was a response to the series of regulatory measures issued by China’s financial supervisory agencies at the end of the November. (Source: Sina)

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Chinese P2P lender Dianrong eyes an IPO in Hong Kong

Chinese P2P lender Dianrong is planning to be floated in Hong Kong next year, aiming to raise at least $500 million. Founded in 2012, the Shanghai-based company offers loans and sell investment products to individuals and SMEs.

Soul Htite, the founder of LendingClub, is also Dianrong’s American co-founder and chief executive officer. This August, Dianrong has just secured a new round of funding ($220 million) from GIC Private Ltd., Northern Light Venture Capital, Tiger Global Management LLC and the PE equity investment branch of Standard Chartered PLC. According to people familiar with this matter, Dianrong may delay the plan to go public in case of poor market conditions, for the company is not in urgent need of capital. (Source: WSJ.cn)

Chinese P2P lender Dianrong eyes an IPO in Hong KongClick To Tweet

KPMG announces the leading 50 fintech companies in China

This week, KPMG China announced the 50 leading Fintech companies operating in China and published a related insight report.

Over the past few months, over 20 senior partners from KPMG international member firms and KPMG China selected the companies with specialities in IT, data analytics, capital markets, risk control, business operation, finance and tax management, venture capital, and entrepreneurial guidance.

The 50 leading Chinese Fintech companies committed themselves to developing new technologies to accelerate the transformation of the financial services industry. They are actively exploring and adopting advanced technologies (e.g. big data, risk modeling, cloud computing and blockchain) to increase financial service efficiency through disruptive innovation. (Source: KPMG)

Here is the list of China Fintech 50 Companies:

(Note: Companies are arranged in alphabetical order based on the first letter of their Chinese name in pinyin.)

  1. Anxindeli
  2. Baidu Finance
  3. BAIFENDIAN
  4. 100credit
  5. ICE KREDIT
  6. TENPAY.COM
  7. Dianrong.com
  8. RQuest
  9. FUTUNN.COM
  10. ChinaPnR
  11. PING ++
  12. 3GOLDEN
  13. JFZ.COM
  14. JD Finance
  15. Juxinli
  16. QUARK FINANCE
  17. 99Bill
  18. Tigerbrokers
  19. QuantGroup
  20. LENGJING INFO
  21. LU.com
  22. Ideacome
  23. MSXF
  24. Ant Financial
  25. PINTEC
  26. QFPAY
  27. Qudian
  28. UCREDIT
  29. Rong360
  30. Wecash
  31. ChinaScope
  32. BBD
  33. Souyidai
  34. Suanhua Credit
  35. Feidee
  36. Taiyiyun
  37. TalkingData
  38. Tcredit
  39. Beagle Data
  40. Tong Dun
  41. Wacai
  42. Wei Zhong Shui Yin
  43. WeBank
  44. WeLab
  45. u51.com
  46. Onchain
  47. Hcspark.com
  48. Zipeiyi
  49. Zhongan Insurance
  50. Zuihuibao

 

WeiyangX is the most influential website focusing on fintech in China. The site covers the latest news, industry data analysis, business practices, and in-depth fintech cases in fintech. WeiyangX is incubated by Fintech Lab. Founded by Tsinghua University’s People’s Bank of China (PBC) School of Finance in 2012, the Fintech Lab is the first and leading research entity dedicated to leading best practices, promoting interdisciplinary innovation, and encouraging entrepreneurship in the field of fintech through scientific research and innovative project incubation.

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