A Chinese consortium made up of Credit China Fintech , China Huarong International , Shanghai Xinhua Publishing Group and Jilin Province Investment Group have unveiled the Asia Fintech Merger and Acquisition Fund . The aim of the $ $8.8 billion initiative is to nurture the country's leading fintech companies. , Credit China Fintech said investments had “surged” to USD $8.8 billion. Other fund partners include China Cultural Industry , China Huarong International , China Cultural Industry and China . At the launch, Credit China Fintech said that Juntong Capital has become "the" international fintech hub, with the majority of its burgeoning middle class managing their finances on mobile devices.
A Chinese consortium made up of Credit China Fintech , China Huarong International , Shanghai Xinhua Publishing Group and Jilin Province Investment Group have unveiled the Asia Fintech Merger and Acquisition Fund . The aim of the $ $8.8 billion initiative is to nurture the country's leading fintech companies. Other fund partners include China Cultural Industry , China Huarong International , China Cultural Industry and China . At the launch, Credit China Fintech said that Juntong Capital has become "the" international fintech hub, with the majority of its burgeoning middle class managing their finances on mobile devices.