£1 billion of FinTech deals between China and UK

Over £1 billion of FinTech deals between China and the UK have already been announced in 2018.

That's according to specialist publication Business Insider, who reported that the deals could create over 800 jobs in the UK.

A woman uses smartphone checking the ups and downs of the stock market. [Photo provided by Pixabay to Sino.uk]

The news follows our report from 2017 about growing FinTech links between China and the British city of Cambridge.

Specialist Chinese FinTech company BBD has made a significant investment in Cambridge, which is the location of its UK research hub.

The research hub is part of a pioneering 'incubation program' set up by BBD. This will foster enhanced relationships across the international FinTech community.

China and the UK are emerging as the global leaders in the nascent FinTech sector.

The incubation program is itself part of BBD's membership of the pioneering Global FinTech Research Network, which according to specialist publication Business Weekly, aims to "stimulate a more fertile environment for international trade."

The three main developments in Cambridge are:

1. Collaborations between Cambridge and Zhejiang Academy of Internet Finance.

2. The launch of a new Global Crowdfunding Index with local partner Crowdsurfer.

3. Help for other Chinese investors, particularly in the financial industries, to make contacts and relationships in Cambridge.