KPMG, a corporation offering professional tax and advisory services and H2Ventures, a world leading financial and technical accelerator in Australia, recently released the Top 100 Global Fintech List. Eight Chinese companies are listed and four of those are Zhongguancun enterprises — Qudian, JD Finance, Rong 360, and PINTECH.
Zhang Junming, a Chinese partner of KPMG, said the financial industry has attracted much investment in China due to the rapid development of technology and the increasing demand of innovative products.
James McKeogh, another Chinese partner of KPMG, mentioned that financial technological enterprises are developing at a fast speed in China. As the demand of the industry keeps growing, more fintech companies will enter the international market.
According to the list, the top 100 fintech companies mainly belong to 11 industries including debit and credit, payment, supervising technology, digital coins, data and analysis, insurance, wealth management, crowd-funding, financial accounting, and block chain.
The list also indicates that more than 90 percent of the top 50 enterprises have upgraded traditional business modules or challenged other leading companies.
