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Development of SupTech in China

  • Report

  • 12 Pages
  • May 2021
  • Region: China
  • Market Intelligence & Consulting Institute (MIC)
  • ID: 5335056

Applications combining financial services and innovative technology have penetrated into almost all areas of everyday life, with the financial scene as the best example. In China, leading tech companies such as Alibaba's affiliate company Ant Group, Baidu, and Tencent have expanded into the financial service market, providing a variety of services including banking, credit loan, payment, crowdfunding, asset management, and insurance. While these companies have set themselves apart from traditional financial services which rely on traditional financing institutes, the growing complexity of risk contagion and the massive amount of cash flow and information flow stemming from these emerging services have brought significant challenges to supervisory agencies.

In the financial supervisory environment featuring strong cross-sector cooperation and huge market demand, China has aggressively promoted SupTech in order to keep the financial market stable and organized. This report analyzes how Chinese companies have developed SupTech and built big data platforms to strengthen macroprudential supervision.

List of Topics


  • Development of SupTech, touching onits development milestones in China and the history of SubTech
  • Three directions in the development of SuTech in China, including macroprudential supervision, big data platform, and Information sharing platform of China Banking and Insurance Information Technology Management.

 


Table of Contents

1. Development Background

2. History of SupTech

3.Three Directions in China's SupTech Development
3.1 Macroprudential Supervision
3.2 Big Data Platform
3.3 China Banking and Insurance Information Technology Management's Information Sharing Platform

4. Analyst's Perspective

Appendix
List of Companies

List of Tables
Table 1. China's SupTech Milestones

List of Figures
Figure 1. Structure and Application s of China's Big Data Platform for SupTech
Figure 2. China Banking and Insurance Information Technology Management's Information Sharing Platform


Samples

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Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Ant Group
  • Baidu
  • Bank of China
  • Tencent

Methodology

Primary research with a holistic, cross-domain approach

The exhaustive primary research methods are central to the value that the analyst delivers. A combination of questionnaires and on-site visits to the major manufacturers provides a first view of the latest data and trends. Information is subsequently validated by interviews with the manufacturers' suppliers and customers, covering a holistic industry value chain. This process is backed up by a cross-domain team-based approach, creating an interlaced network across numerous interrelated components and system-level devices to ensure statistical integrity and provide in-depth insight.

Complementing primary research is a running database and secondary research of industry and market information. Dedicated research into the macro-environmental trends shaping the ICT industry also allows the analyst to forecast future development trends and generate foresight perspectives. With more than 20 years of experience and endeavors in research, the methods and methodologies include:

Method

  • Component supplier interviews
  • System supplier interviews
  • User interviews
  • Channel interviews
  • IPO interviews
  • Focus groups
  • Consumer surveys
  • Production databases
  • Financial data
  • Custom databases

Methodology

  • Technology forecasting and assessment
  • Product assessment and selection
  • Product life cycles
  • Added value analysis
  • Market trends
  • Scenario analysis
  • Competitor analysis

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