China Fintech Market Trends

Statistics for the 2023 & 2024 China Fintech market trends, created by Mordor Intelligence™ Industry Reports. China Fintech trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of China Fintech Industry

This section covers the major market trends shaping the China Fintech Market according to our research experts:

SMEs Fintech Adoption Trends

SMEs are at a different point in their adoption journey compared to consumers. Companies are actively seeking technology solutions to increase efficiency and achieve cost efficiency across their business. They are also subject to regulatory requirements in some markets, which necessitate the adoption of products and services such as bookkeeping tools for audit and tax purposes or business liability insurance. FinTech challengers are rapidly becoming reliable vendors for SMEs in these spaces, which have been historically underserved by incumbents.

China Fintech Market:Share of SMEs in Insurance using Fintech Solution in Selected Countries, 2021

Fintech Companies in Financial Industry in China is Driving the Market

Fintechs in China is playing a crucial role in the financial services industry. Segment-wise distribution within the financial services sector, the B2C mode of credit witnesses the highest proportion of fintech companies, followed by consumer finance and third-party payment. Earlier, the fintech market in China is flooded with P2P lending startups. As the government has tightened its control over internet finance due to increased fraudulent business models in marketplace lending, the fintech is shifting to insurance, reg tech, and other B2B models rather than settling for the B2C field.

China Fintech Market: Distribution of Fintech Enterprise by Segment in Financial Services in China, 2021

China Fintech Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)