£1 billion of FinTech deals between China and UK

 
 

The news follows our report from 2017 about growing FinTech links between China and the British city of Cambridge. Photo credit - Pixabay

 

Over £1 billion of FinTech deals between China and the UK have been announced in 2018 already.

 

That's according to specialist publication Business Insider, who report that the deals could create over 800 jobs in the UK.

The news follows our report from 2017 about growing FinTech links between China and the British city of Cambridge.

Specialist Chinese FinTech company BBC has made a significant investment in Cambridge, which is the location of its UK research hub.

The research hub is a part of a pioneering 'incubation programme' set up by BBD. This will foster enhanced relationships across the international FinTech community.

China and the UK are emerging as the global leaders in the nascent FinTech sector. 

The incubation programme is itself part of BBD's membership of the pioneering Global FinTech Research Network, which according to specialist publication Business Weekly, aims to ''stimulate a more fertile environment for international trade.''

The three main developments in Cambridge are:

1) Collaborations between Cambridge and Zhejiang Academy of Internet Finance.

2) The launch of a new Global Crowdfunding Index with local partner Crowdsurfer.

3) Help for other Chinese investors, particularly in the financial industries, to make contacts and relationships in Cambridge.





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