The global auditing company from the “Big four” KPMG has published “the Index of the best Chinese FINTECH companies for 2018”.
This is the third edition of the ranking, KPMG, and its distinctive feature was the appearance in it along with financial firms, including Lufax and Baixin Bank, Internet companies such as Ant Financial Services Group, Jingdong Digital Technology (previously Finance JD) and Tencent Financial. It first appeared four blockchain startup.
KPMG index measures achievements in the field of FINTECH on six indicators, including the latest scientific and technological applications, data management, innovative models and revolutionary impact on traditional Finance, assessment of degree of recognition on the capital market, as well as the susceptibility of the development of the industry.
Partner, KPMG Banking Management of China Wang Lipin (Wang Lipeng), commenting on getting into Top Chinese Advanced Fintech Companies Index 2018 blockchain startups, noted that it is important to create “scenarios of application of technology in trading assets to establish a mechanism of mutual trust for shares and financial assets”.
“Financial innovations have a great impact on traditional Finance. The emergence of banking activities on the basis of direct sales is representative of the transformation of banking that is driven by technology,” said van.
Recall that the development of blockchain-industry in China received a new impetus after the in may, Chinese President XI Jinping (Xi Jinping) has called the technology a breakthrough. Governments of major cities Beijing, Shanghai, Shenzhen, Hangzhou, Xian, Cans, Nanjing and Henan province have launched investment funds to support companies in the industry. In the island province of Hainan was opened the country’s first pilot area for the study of blockchain technology. All Central and regional government of China for 2018 sent to the technology sector more than 40 billion yuan investment (around $5,82 billion). Evaluation CCID Blockchain Research Institute, in the following year, the production scale of the blockchain industry will reach $120 million.
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