2023 China Fintech 50 Report

In 2023, the concept of financial technology (“fintech”) was revitalised. From a policy perspective, the 2023 Central Financial Work Conference proposed that digital finance be prioritised and elevated in national strategic plans, indicating the future direction of fintech development. From a technology perspective, the vertical development of the new generation of artificial intelligence (AI) technologies represented by large language models (LLMs) in the fintech industry is expected to deliver a disruptive impact. From an application perspective, digital intelligence has become a consensus for the development of the financial sector; and going forward, it will reshape the financial service experience, boost efficiency and be integrated into various business scenarios, such as customer acquisition, marketing, risk control and investment advisory. In short, disruptive technologies are currently opening up new financial scenarios and reshaping the industry landscape. Against this backdrop, KPMG China is announcing the 2023 China Leading Fintech 50 and Emerging 50 lists. 

This marks the eighth consecutive year in which KPMG has published the China Fintech 50, which started in 2016. The geographical distribution, diversity of technologies, maturity, and business model quality of the listed companies have improved year after year. We are as excited as ever to be participating in the fintech market and witnessing its phenomenal milestones, while also upholding our service commitment to our clients.