Many Chinese companies involved in Internet finance have turned towards overseas market for expanding business due to the increasing tightened domestic regulation. PINTEC Group, a financial technology company from china, said on last Thursday it launched a venture in Singapore, its first outside China, betting on booming demand for automated investment advice in fast-growing Southeast Asian countries. Incomplete statistics showed that so far there are more than ten Internet finance companies which have started their business in the Southeast Asian market. In the face of the great potential in Southeast Asian countries, some Internet finance platforms also have begun to itch to try. Among those companies, PPdai, a P2P lending platform, has currently set up an investment department to focus on the Indonesian market.
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As the important component of the Belt and Road route, Southeast Asian countries have huge demand for infrastructure construction and strong fund support. The Silk Road Fund, ADB, the BRICS Development Bank and other policy banks in China, as well as several international financial institutions, have played important supportive roles in infrastructure financing. But, the middle to long run, only the continuous inflow of private capital is likely to meet such a huge financial need. In this regard, the Internet finance may offer a practical and effective way to meet this need. For the Internet finance companies, the biggest challenge may be how to develop their business by considering different national conditions and policies in those Southeast Asian countries.
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