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Redefining fintech

A five-part series on China’s ongoing debate about how technology ought to fit alongside financial services in fintech, and how regulators can ringfence systemic risks around the growth industry in the event of disruptions or defaults.

Updated: 18 Dec 2020

SCMP Series:Redefining fintech: China’s fintech industry in wake of Ant Group IPO suspension

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China puts shackles on fintech as technology risks usurping finance

by Georgina Lee and Chad Bray

New fintech rules on online micro lending could force China’s internet giants to rethink their business practices on co-lending, analysts said.

20 Nov 2020

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How AI and big data helped China’s tech giants dominate consumer finance

by Tracy Qu and Coco Feng

The aim is to build a much more accurate picture of a user’s credit profile by using a range of online data as opposed to traditional credit scoring.

27 Nov 2020

China's tech giants are taking over consumer finance in the country using their AI expertise. Illustration: SCMP

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China regulators fret about fintech’s heft, and bank risk. Here’s why

by Alison Tudor-Ackroyd and Enoch Yiu

China has seized the global lead in tackling Big Tech lending which threatens to destabilise finance in multiple jurisdictions.

4 Dec 2020

Make-up saleswomen use live-streaming marketing to boost sales during China’s annual November online shopping spree. Many consumers bought products they could not afford on credit. Photo: Xinhua

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How China’s microlenders brought an ancient practice into the digital age

by Coco Feng and Tracy Qu

Much of the country’s microlending industry has grown on the back of China’s massive mobile phone user base.

11 Dec 2020

How China's microlending industry has reached critical mass. Illustration: SCMP

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China’s fintech giants retool to survive in new regulatory landscape

by Alison Tudor-Ackroyd and Enoch Yiu

The innovative and entrepreneurial fintech industry is scrambling to retool credit operations to comply with harsher regulation handed down by Beijing, and may bounce back stronger than ever next year.

18 Dec 2020