China’s digital currency, known as the e-yuan, has undergone several pilot programmes, including at the Winter Olympics. Photo: Simon Song
Analysis |
China’s fintech ecosystem is the world’s largest, but will Beijing’s tech crackdowns affect the landscape?
- China’s economy is largely cashless, and it has the highest penetration rate of fintech services among major economies, at 87 per cent
- Even with Beijing reining in big tech companies, experts say China’s fintech sector looks to remain competitive
China’s digital currency, known as the e-yuan, has undergone several pilot programmes, including at the Winter Olympics. Photo: Simon Song
