星展银行(DBS)和安永联合发布报告《中国金融科技的崛起》ey-the-rise-of-fintech-in-china-min.pptx

;;;;;;revenue streams and reduce their domestic reliance. In addition to investing in Silicon Valley and other mature markets, the “BAT” giants (and their long-tail of affiliates) are expanding to serve outbound Chinese travellers while simultaneously pursuing new customers in emerging economies from Africa to Southeast Asia. They are particularly interested in the future possibilities of new online-to-offline (O2O) revenue streams. However, Chinese players have not always fared well outside their uniquely protected domestic market. In theory, internationalisation efforts should: provide technologies for advanced transaction processing capabilities; open up the global settlement network; break down international payment barriers; and enhance opportunities for these Chinese technology players to transform financial services from the ground up. Yet, just like in China, business success overseas requires catering to the individual peculiarities of international markets and their consumers. Chinese companies cannot merely replicate and export domestic business models abroad. They need to adapt to local cultural norms and expectations and focus on safety and security reassurance. To do so, they will need to collaborate with and invest in overseas comparators. A key challenge for Chinese FinTech firms as they seek to internationalise will be in attempting to replicate their domestic ecosystems overseas; this is where local FinTechs (and, indeed, established financial services providers) can cooperate – or compete. The Future of Chinese FinTech In the coming years, China looks set to continue to dominate the global FinTech industry with a very strong domestic market. Internally, the push and pull factors are clearly in place to catalyse the establishment of a leading digital finance sector. On the push side, capital investment is pouring in and the market is being bolstered by substantial government support