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Report Overview
The China fintech market size reached approximately USD 76.5 billion in 2023. The market is further projected to grow at a CAGR of 18.3% between 2024 and 2032, reaching a value of USD 347.57 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Companies in the China Fintech Market
The companies offer services such as international money transfers, foreign exchange, and multi-currency accounts, enabling businesses to streamline financial operations and lower costs related to China transactions.
- Airwallex
- ZhongAn Technologies International Group Limited
- Beijing Lerong Duoyuan Information Technology Co., Ltd.
- Shanghai Dianrong Financial Information Services Co., Ltd.
- Tencent Holdings Ltd.
- Rong360.com Inc.
- Lufax Holdings Limited
- Mashang Consumer Finance Co., Ltd.
- ZhongAn Online Property Insurance Co., Ltd.
- Futu Securities International (Hong Kong) Limited
- OneConnect Technology Co., LTD.
China Fintech Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 76.5 billion in 2023.
The China fintech market is assessed to grow at a CAGR of 18.3% between 2024 and 2032.
The market is assessed to witness healthy growth in the forecast period to reach around USD 347.57 billion in 2032.
The major market drivers include increasing utilisation of telemedicine, e-commerce, and e-learning is boosting the requirement for fintech services and rising sophistication of financial software development companies.
The key trends fuelling the growth of the market include increasing adoption of novel technologies by the sector including blockchain, artificial intelligence, cloud computing, augment reality and virtual reality, and machine learning and increasing access to capital.
Based on the applications, the market is divided into banking, insurance, and securities, among others.
Based on the technology, the market is divided into artificial intelligence, application programming interface (API), robotic process automation, and data analytics, among others.
The market's key players Airwallex, ZhongAn Technologies International Group Limited, Beijing Lerong Duoyuan Information Technology Co., Ltd., Shanghai Dianrong Financial Information Services Co., Ltd., Tencent Holdings Ltd., Rong360.com Inc., Lufax Holdings Limited, Mashang Consumer Finance Co., Ltd., ZhongAn Online Property Insurance Co., Ltd., Futu Securities International (Hong Kong) Limited, and OneConnect Technology Co., LTD., among others.
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