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2019-09-27 21:10:29

Chinese Fintech booming amidst CBDC launch preparations

Chinese Fintech sees a boom as high as fifty-percent (50%) amidst the preparation of central bank digital currency (CBDC) launch in the country. The expectation of China’s cryptocurrency to launch soon has caused the country’s financial technology (fintech) firms’ stocks to grow increasingly. According to the China Securities Index Co. (CSI) fintech theme index, major fintech terms in China have had more than fifty percent (50%) stock gains. Major Chinese Fintech stock boom Beijing Certificate, a company that provides services relating to verification based on electronic certificates, has had more than two hundred percent (200%) growth in this year. The