iiMedia Report |2018-2019 China Fin-Tech Industry Thematic R

　　On January 31, 2019, iiMedia Research, global leading new economic data mining and analysis organization authoritatively released "2018-2019 China Fintech Industry Research Report ". In 2018, the Fintech industry has become hot industry favored by global capital market and has stepped into Era 3.0. Up to the first half of 2018, the investment amount of global Fintech industry has reached 58 billion yuan. Meanwhile, the application of segmented fields in financial technology has developed further. As the data of iiMedia Research showed, moreover, more than 80% of the interviewed users show satisfaction for the integrity of the mobile payment products` scenario covering. ("2018-2019 China Fintech Industry Research Report " full HD PDF version , click the download button at the bottom of the article to download the report.)

     Here details are from the report:

　　Fin-tech can be understood as the application of technology in the financial field. The combination of technology and finance has made breakthroughs in innovative financial products and service modes, improving customer experience, improving service efficiency, and reducing transaction costs. In recent years, fin-tech has become a hot industry focused by global investors and entrepreneurs.

　　Global fin-tech investment has experienced rapid growth in 2014 and reached its peak in 2015. In 2015, the number of investments in the global fin-tech division reached 1,255. After 2015, the enthusiasm for investment in fin-tech in the global capital market has weakened. In terms of the regional distribution of global investment, European ranks first, the amount of investments in which reachees to US$26 billion, while Asia and America are ranked behind with the investments of US$16.8 billion and US$14.8 billion respectively.

       The major characteristic of the development of China fin-tech market is: technology fully empowers the transformation of traditional financial institutions. Since China fin-tech industry started relatively slower compared to developed countries, traditional enterprises have great pressure on transformation, and need to apply technologies in improving operational efficiency and supporting business decisions. iiMedia Research consulting analyst believes that, the cooperation between fin-tech companies and traditional financial institutions should be strengthened to give full play to their respective strengths and improve the efficiency of financial products and services.

　　As the data of iiMedia Research showed, Internet financial users in China are mainly male, accounting for 56.2%. Users under the age of 35 accounted for 72.7%. iiMedia Research consulting analyst believes that, the users who prefer to use the financial services provided by the Internet platforms are mainly below 35 years old, and these users more inclined to accept the usage of Internet products. In the future, with the deepening of the combination of Internet and finance, Internet financial products are expected to cover more people with higher ages. 

　　On the basis of Internet information technology, Internet consumer finance provides financial services to meet the higher consumer demand and to solve various consumption restrictions and inconveniences brought about by the original traditional consumption financial services. Specifically, capital suppliers provide financial services for consumer loans to consumers through the Internet in order to meet the expanding needs of consumers in housing, shopping, entertainment, work, etc. The main types of financial services are to provide micro-loan or installment payment to consumers.