Fintech startups are revolutionizing the way we bank and invest.
金融科技初创公司正在革新我们存钱和投资的方式。
The rise of
fintech has made financial services more accessible to the masses.
金融科技的发展使得金融服务对大众来说更加触手可及。
Blockchain technology is a key component of many
fintech solutions.
区块链技术是许多金融科技解决方案的核心组成部分。
Mobile banking apps have transformed the
fintech landscape in recent years.
近年来，移动银行应用改变了金融科技的格局。
Fintech companies are leveraging big data to provide personalized financial advice.
金融科技公司利用大数据提供个性化的财务建议。
Robo-advisors, a type of
fintech service, offer automated investment management at lower costs.
机器人顾问，一种金融科技服务，以较低的成本提供自动化的投资管理。
Cryptocurrencies like Bitcoin are an example of how
fintech is disrupting traditional finance.
像比特币这样的加密货币是金融科技如何颠覆传统金融的一个例子。
P2P lending platforms, powered by
fintech, allow individuals to lend money directly to borrowers, cutting out banks as intermediaries.
由金融科技驱动的点对点借贷平台允许个人直接向借款人放贷，绕过银行作为中介。
Fintech innovations are making cross-border transactions faster and cheaper than ever before.
金融科技的创新使跨境交易比以往任何时候都更快、更便宜。
Insurance tech, or insurtech, is a subset of
fintech that focuses on using technology to improve insurance products and processes.
保险科技，或称insurtech，是金融科技的一个子集，专注于使用技术改进保险产品和服务流程。
Tencent has already been testing this model internally across different parts of the business, including advertising and fintech.
腾讯已经在包括广告和金融科技在内的不同业务部门内部测试了这种模式。
Flywire, a third-party payment platform in the United States, announced a partnership with Tencent Financial Technology, a fintech arm of China's tech giant Tencent, on Thursday.
美国第三方支付平台飞汇周四宣布与中国科技巨头腾讯旗下的金融科技子公司腾讯金融科技建立合作关系。
Tech heavyweight Alibaba Group Holding Ltd said on Sunday it is considering whether or not to participate in its affiliated company Ant Group's share repurchase plan that values the fintech company at 567.1 billion yuan ($78.5 billion).
科技巨头阿里巴巴集团控股有限公司周日表示，正在考虑是否参与其关联公司蚂蚁集团的股份回购计划，该计划对这家金融科技公司的估值为5671亿元人民币（785亿美元）。
The stock buyback plan come after Chinese financial regulators imposed a 7.12 billion yuan fine on Ant Group on Friday for violations of laws on corporate governance, consumer rights and business activities, a move which analysts saidxa0ends a years-long regulatory overhaul of the fintech company.
周五，中国金融监管机构因蚂蚁集团违反公司治理、消费者权益和商业活动方面的法律，对其处以71.2亿元的罚款，分析师表示，此举结束了对这家金融科技公司长达数年的监管改革。
Analysts said the action ends a yearslong regulatory overhaul of the fintech company.
分析师表示，此举结束了这家金融科技公司长达数年的监管改革。
US data tech company mulls forays into more fields for higher growthInterSystems Corp, a US-based data technology company, will ramp up efforts to expand investments in China, accelerate the digital transformation of the healthcare industry and make forays into more fields like pharmaceutical, big data and fintech, said a senior executive of the company.
美国数据技术公司InterSystems Corp的一位高管表示，该公司将加大力度扩大在中国的投资，加快医疗保健行业的数字化转型，并进军制药、大数据和金融科技等更多领域。InterSystems Corp是一家总部位于美国的数据技术公司。
Though the overall revenue last year saw slight drop to 554.55 billion yuan, revenue from businesses related to the integration of digital economy and real economy, represented by fintech and enterprise services, hit a new high of 177.06 billion yuan.
尽管去年的总收入略有下降，降至5545.5亿元，但以金融科技和企业服务为代表的数字经济与实体经济融合相关业务的收入创下1770.6亿元的新高。
Abdulrahman Al-Mufadda, chief technology officer of Zain KSA, said, "Our commitment to driving digital transformation has been made possible by combining innovative technology investments with pioneering digital solutions across multiple fields, including cloud computing, fintech, business support and drone technologies.
Zain KSA首席技术官Abdulrahman Al Mufadda表示：“我们将创新技术投资与云计算、金融科技、商业支持和无人机技术等多个领域的开创性数字解决方案相结合，从而实现了推动数字化转型的承诺。
In 2022, TOM Group continued to focus on high growth potential sectors such as e-commerce in rural areas, new retail, fintech and advanced data analytics, and stepped up its effort to drive digital growth for its publishing business.
2022年，TOM集团继续专注于农村地区电子商务、新零售、金融科技和先进数据分析等高增长潜力行业，并加大了推动出版业务数字化增长的力度。
For example, OneConnect Financial Technology Co Ltd, a Shenzhen, Guangdong province-based fintech company, offers technology as a service for financial institutions across 20 countries and regions worldwide, mainly in the Asia-Pacific region.
例如，OneConnect金融科技有限公司，一家总部位于广东省深圳市的金融科技公司，为全球20个国家和地区的金融机构提供技术服务，主要在亚太地区。
Apart from serving 300 leading corporates, Citi banks on a far greater number of "emerging" companies, across biotech, fintech and other new economy sectors.
除了为300家领先企业提供服务外，花旗还为生物技术、金融科技和其他新经济部门的更多“新兴”公司提供银行服务。
Since then, we have worked with local fintech startups to co-create new digital solutions in China for the world.
从那时起，我们与当地的金融科技初创公司合作，在中国为世界共同创造新的数字解决方案。
With fintech, e-commerce, business management solutions, health tech and AI, industries are now attracting the world's top young talent and smart capital," said Rupert Hoogewerf, chairman and chief researcher of the Hurun Report.
胡润报告主席兼首席研究员鲁珀特·胡润表示：“随着金融科技、电子商务、商业管理解决方案、健康科技和人工智能的发展，各行各业正在吸引世界顶尖的年轻人才和智慧资本。
"We generate approximately half of our revenues from fintech and business services as well as online advertising that directly contribute to, and benefit from, overall economic activity, which should position us for revenue growth as China's economy expands," he added.
他补充道：“我们约一半的收入来自金融科技和商业服务以及在线广告，这些收入直接有助于整体经济活动并从中受益，这将使我们在中国经济扩张时实现收入增长。”。
Zhang Yi, CEO and principal analyst at iiMedia Research, said Tencent has accelerated its layout in the fintech and corporate service segments in the June quarter with the help of its proprietary mobile wallet WeChat Pay, which also serves as one of the more significant revenue streams for the company.
iiMedia Research首席执行官兼首席分析师张毅表示，借助其专有的移动钱包微信支付，腾讯在6月份加快了在金融科技和企业服务领域的布局，微信支付也是公司更重要的收入来源之一。
Revenue from Tencent's fintech and business services grew by 1 percent year-on-year to 42.2 billion yuan for the second quarter.
第二季度，腾讯金融科技和商业服务收入同比增长1%，达到422亿元。
"Fintech services revenue growth was slower relative to prior quarters as the COVID-19 resurgence temporarily impacted commercial payment activities in April and May," the company said.
该公司表示：“由于新冠肺炎疫情的复苏暂时影响了4月和5月的商业支付活动，金融科技服务收入增长较前几个季度放缓。”。
It has achieved nearly 42.21 billion yuan in revenue for fintech and enterprise services, which accounted for 32 percent of its total business.
它在金融科技和企业服务方面实现了近422.1亿元的收入，占其总业务的32%。
The company has continued to focus on sectors with high growth potential such as e-commerce, new retail, fintech and advanced data analytics.
该公司继续专注于电子商务、新零售、金融科技和先进数据分析等具有高增长潜力的行业。
These companies include Chinese video platform Bilibili, Chinese property agency KE Holdings and Chinese fintech platform OneConnect Financial Technology.
这些公司包括中国视频平台哔哩哔哩、中国房地产经纪公司KE Holdings和中国金融科技平台壹账金融科技。
Initiated by Bank of China's Shanghai branch, Shanghai Rural Commercial Bank and SPD Silicon Valley Bank, a fintech alliance was established in Lin-gang on Thursday in order to provide more financial tools and support to the many technology companies in the area.
由中国银行上海分行、上海农村商业银行和浦发硅谷银行发起，一个金融科技联盟于周四在林冈成立，旨在为该地区的许多科技公司提供更多的金融工具和支持。
Technology companies are suggested to work closely with financial institutions to optimize the overall ecology of the fintech industry in Lin-gang, which will be another area projected for substantial growth in the near future, she said.
她表示，建议科技公司与金融机构密切合作，优化林港金融科技行业的整体生态，这将是预计在不久的将来大幅增长的另一个领域。
Revenue from fintech and business services rose 10 percent on a yearly basis to 42.8 billion yuan in the first quarter.
第一季度，金融科技和商业服务收入同比增长10%，达到428亿元。
Revenue from Tencent's fintech and business services, which include its cloud business, surged 25 percent to 48 billion yuan.
腾讯的金融科技和商业服务（包括云业务）收入激增25%，达到480亿元。
Fintech is the largest category, accounting for roughly one in every five unicorns, and is followed by internet software and services as well as e-commerce and direct-to-consumer industries.
金融科技是最大的类别，约占五分之一的独角兽，其次是互联网软件和服务以及电子商务和直接面向消费者的行业。
Notably, the company's revenues from the fintech and business services sectors increased 30 percent to approximately 43.3 billion yuan in the third quarter, accounting for nearly one-third of its total revenue.
值得注意的是，该公司第三季度来自金融科技和商业服务部门的收入增长了30%，达到约433亿元，占其总收入的近三分之一。
Regulators mull fresh steps to tackle ethical problems like misuse of techChina's financial regulators will step up efforts to improve corporate governance at financial technology, or fintech, companies and curb financial risks related to ethical issues like misuse of technology, a central bank official said on Friday.
中国金融监管机构将加大努力，以改善金融科技公司的公司治理，并遏制与滥用技术等道德问题相关的金融风险，一位央行官员周五表示，监管机构正在考虑采取新措施来解决此类伦理问题，以防止科技被误用。
New regulatory measures will include an ethical censorship system and information disclosure standards for fintech companies.
新的监管措施将包括对金融科技公司的伦理审查制度和信息披露标准。
Ethics and morality will be key gauges to evaluate the fintech sector's performance, said Li Xingfeng, deputy head of the Technology Department of the People's Bank of China, the central bank.
中国人民银行科技司副司长李兴锋表示，伦理和道德将是评价金融科技行业表现的关键标准。中国人民银行是中国的中央银行。
The report highlighted improvements to the regulations for the fintech sector.
该报告强调了对金融科技行业监管规定的改进。这句话的翻译可能根据具体语境有细微差别，但基本意思是报告中提到了针对金融科技（fintech）领域规则和条例的优化与提升。金融科技指的是金融与科技融合的新型金融服务业态，近年来发展迅速，因此其监管框架也在不断调整和完善。报告中的“highlighted improvements”意味着这些改进是被特别强调和关注的，可能是为了促进金融科技行业的健康发展，提高市场效率，保护消费者权益，以及防范金融风险等方面所采取的措施。
Regulations on big fintech companies have been tightened, the report said.
报告称，对大型金融科技公司的监管已经加强。这句话的翻译可以更口语化一点，比如："报告指出，现在对那些大牌的金融科技公司，监管可是越来越严了。" 但正式的翻译一般是 "报告称，对大型金融科技公司的监管已经加强。" 这取决于你希望传达的语气和风格。
So, more funds and sensitive personal information are explored on the internet, which necessitates advanced regulation technology to ensure cybersecurity, Li said at the China International Fintech Forum 2021, which was held as part of the ongoing 2021 China International Fair for Trade in Services, or CIFTIS.
李在作为2021年中国国际服务贸易交易会（CIFTIS）一部分举行的2021中国金融科技论坛上表示，随着越来越多的资金和敏感的个人信息在网上流动，就需要更先进的监管技术来确保网络安全。
At the forum, the Academy of Internet Finance, which is part of Zhejiang University, released a report on new rankings for global fintech hubs, evaluated on the basis of market scale, technology development and regulatory environment.
在此次论坛上，浙大互联网金融研究院发布了全球金融科技中心城市的新榜单，评选依据包括市场量级、技术水平及监管环境等指标。
Huang Yiping, director of the Institute of Digital Finance, which is part of Peking University, said the development of the fintech sector in China has entered the "2.0"phase.
北京大学数字金融研究中心主任黄益平表示，中国的金融科技发展已经进入“2.0”阶段。
Fintech services, which have helped ease financing difficulties, may boost investment in the real economy in the future, and the industrial internet could be the next hot spot to follow the consumer internet, he said.
他说,有助于缓解融资难题的金融科技服务未来可能推动对实体经济的投资,而工业互联网继消费互联网之后,可能是下一个热点。
Additionally, its revenues from social networks and fintech and enterprise services, respectively, reached 29 billion yuan and 41.9 billion yuan in Q2, up 9 percent and 40 percent year-on-year.
此外，其社交网络和金融科技及企业服务在第二季度的收入分别达到290亿元和419亿元，同比分别增长9%和40%。在第二季度，该公司的社交网络业务收入达到了290亿元人民币，同比增长了9%；而金融科技和企业服务的收入则达到了419亿元人民币，同比大幅增长了40%。这表明公司在这些领域取得了显著的增长。
For example, it signed agreements with the Bank of Beijing and China Resources Bank on carrying out cooperation in the aspects of retail business, corporate finance, smart customer services, investment business and construction of fintech infrastructure.
例如，它已与北京银行和中国资源银行签署协议，在零售业务、公司金融、智能客户服务、投资业务和金融科技基础设施建设等方面开展合作。
A wide variety of State-owned funds and leading investment firms have invested in the AI fintech firm.
许多国有基金和领先的投資公司都对这家人工智能金融科技公司进行了投资。
The company's Tiqmo joint venture in Saudi Arabia focuses on the fintech industry and is powered by Chinese technology giant Swiftpass, helping accelerate Saudi Arabia's move toward a cashless economy, while the company has also collaborated with SF Express, China's leading integrated express logistics service provider, to establish the AJ Express joint venture and bring the latest advancements in logistics to the kingdom, he said.
他指出，该公司在沙特阿拉伯的Tiqmo合资企业专注于金融科技行业，采用中国科技巨头Swiftpass的技术，助力沙特阿拉伯向无现金经济转型。同时，公司还与中国的领先综合快递物流服务提供商顺丰速运合作，成立了AJ Express合资企业，将最新的物流技术引入沙特。
They pointed out some misconduct by the fintech group, such as "flouting regulatory compliance requirements", "conducting arbitrages against regulations", and excluding competitors in the same business sector by taking advantage of its dominant market position, the PBOC said.
中国央行指出，该金融科技集团存在“违反监管合规要求”、“利用监管套利”以及“利用市场主导地位排挤同业竞争者”等不当行为。
Analysts said the reported content of the talks showed a trend toward strengthening supervision of fintech companies, while policies will continue to support their innovations under prudential regulations in order to better serve the real economy.
分析人士表示，会议透露的内容显示，未来将在强化金融科技公司监管的同时，继续在审慎监管框架下支持其创新，以更好地服务实体经济。
Revenues from its fintech and business services increased by 24 percent to 33.3 billion yuan for the third quarter of 2020 on a year-on-year basis.
2020年第三季度，其金融科技和商业服务的收入同比增长24%，达到333亿元人民币。
Financial regulators' decision of delaying the Chinese fintech giant's $34.4 billion IPOs is a warning for fintech companies to reconsider their small loan business, as it relates to benefits of a large group of Chinese people.
中国金融监管机构推迟这家大型金融科技公司344亿美元IPO的决定，对金融科技公司发出了一个警告，即它们需要重新考虑其小额信贷业务，因为这关系到广大中国人群的利益。
Wei suggested that more research and evaluations in this area thus would help to ensure that Ant – and fintech innovation in general – can progress in ways that are good, not just for financial investors, but for society at large.
因此，更多的研究和评估将有助于确保蚂蚁集团——以及金融科技创新——能够以对社会整体有利、而不仅仅是有利于金融投资者的方式发展。
Fintech giant Ant Group's initial public offering on the STAR Market will be suspended, the Shanghai Stock Exchange announced on Tuesday night.
上海证券交易所周二晚间宣布，金融科技巨头蚂蚁集团在科创板的首次公开募股(IPO)将被暂停。
The Shanghai bourse explained that Ant Group has reported major matters, such as the change in supervision environment concerning fintech, due to which Ant Group may not be able to meet listing requirements at the bourse or meet related information disclosure requirements.
上交所表示，由于金融科技监管环境发生变化等重大事项，蚂蚁集团可能无法满足上市要求，或无法满足与相关信息披露要求。
The fintech company and its sponsors are required to make relevant announcements.
金融科技公司及其赞助商需要做出相关公告。
Alibaba founder Jack Ma, Ant Group's chairman Eric Jing and the fintech company's CEO, Simon Hu, attended the meeting.
阿里巴巴创始人马云、蚂蚁集团董事长井贤栋和该公司CEO胡晓明出席了会议。
Fintech giant's concurrent stock listing plan draws attention from far and wideInvestors from home and abroad are flocking to buy shares of Ant Group Co Ltd, the fintech company that is poised to secure the biggest stock floating of all time through a concurrent listing in Shanghai and Hong Kong.
The anticipated more than $34 billion to be raised by Ant is putting the fintech group on track to top Saudi Aramco's biggest-ever share listing to date.
Many other portfolios, including JD Digits, Ice Kredit, Himalaya, Shukun Technology and Perfect Corp also are growing rapidly, becoming the leading companies in fintech, digital healthcare, enterprise digitization, and artificial intelligence.
Lufax Holding Ltd, one of China's biggest wealth management platforms, on Wednesday filed to list its shares on the New York Stock Exchange, making it the third Chinese fintech firm to seek funds from the capital market this year.
Xie Yonglin, Ping An's president and joint CEO, said at the Lujiazui Forum in June that Lufax has been defined as a fintech company, which will offer wealth management services to more clients and provide financing to small and medium-sized enterprises.
In early July, e-commerce platform JD's fintech arm, Jingdong Digits Technology Holding Co Ltd, filed to float on the STAR Market of the Shanghai Stock Exchange, planning to raise about 20 billion yuan.
Investment in technology will be the most important job for Ant Group after the company's floating on the stock market, the fintech giant's CEO Hu Xiaoming said at the Inclusion Fintech Conference in Shanghai on Thursday.
The three-day Inclusion Fintech Conference commenced on Thursday, hosted by Ant Group and overlooked by the municipal government of Shanghai.
The fintech giant will sell not less than 10 percent of its total capital post-issuance, split between Hong Kong and Shanghai's STAR Market, which was established last year to attract local high-tech firms.
"Over 60 percent of the young Chinese consumers are expected to increase spending in the aftermath of COVID-19, said a survey conducted by Fenqile, China's first installment e-commerce platform owned by consumer finance group Lexin Fintech.
Ping An's OneConnect shares its expertise to strengthen the world's financial institutionsOneConnect Financial Technology Co Ltd, the fintech arm of Ping An Insurance (Group) Company of China Ltd, is coasting on the Belt and Road Initiative to expand its overseas layout.
Jessica Tan, Ping An Group's co-CEO, said: "The reason why our fintech was able to cover more than a dozen countries and regions in 18 months is that we don't compete for customers with local enterprises.
We have over 10 years of experience in fintech.
OneConnect hopes to introduce Chinese experience and fintech expertise to the region, to quickly bridge the financial services gap and increase the penetration rate of inclusive finance.
The fintech solution, which has already proved effective in China, unlocks the vitality of small and micro enterprises in Southeast Asia and boosts the economic development of the countries in the region," Bin Ru Tan said.
"In the future, more fintech projects will be undertaken in countries and regions related to the BRI, so that the dividends of Chinese technology can benefit a wider range of communities and peoples, company executives said.
The portal business is impacted by COVID-19 and intensified industry competition, and Sina takes a prudent approach in fintech due to macro-level uncertainties. "
China's rising mobile tool makes inroads into 100 countries with customized offeringsMost internet-based startups like mobile apps tend to offer social networking, mobile games, e-commerce, fintech, entertainment, news aggregation, short videos and the like, but Song Rui chose a different path－tools－and thus rolled out with his team Amber Weather in 2015.
China's leading insurer Ping An took the top spot in the world in fintech patents by filling 1,604 patents last year, according to a report released by the World Intellectual Property Organization.
A total of 3,909 enterprises from 33 countries filed 14,706 fintech patents by the end of 2019, the report said.
Alibaba filed 798 fintech patents, ranking second.
Among the top 100 list, 48 enterprises came from China, covering traditional finance, fintech, internet, e-commerce, technology, and telecommunications.
Pingan Technology and Ping An's fintech arm OneConnect entered the top three, while Ping An Life Insurance, Ping An Property Insurance and Ping An HealthKonnect entered the top 10 ranking.
The number of fintech patent applications from traditional financial institutions came in at 18, the most, and the top three were Ping An Life Insurance, Bank of China and Ping An Property Insurance.
Express Company, a joint venture of American Express and the Chinese fintech services company Lianlian DigiTech Co Ltd, expects to begin processing transactions later this year.
Visa expanded its Beijing office to a new building and opened its China Innovation Center in the capital city on March 22, 2019, in an effort to encourage clients and partners — including banks, merchants and fintech companies — to develop solutions for customer pain points.
"I'm very optimistic about the potential of China's financial market," Wu Tianhua, CEO of UP Fintech Holding Ltd, told China Daily Website during an online interview on May 20.
The move came after Xiaomi announced its Mi Credit lending service (and Mi Pay) to make its mark in the fintech space a few months ago.
Tuesday's conference also saw the rollout of a string of new products and solutions, including a new delivery robot and JDD T1, a fintech solution to help traditional financial institutions to digitalize their services.
China's insurance giant Ping An Group is the fintech firm's principal shareholder and the two have established a strategic partnership.
The product was launched by Central JD Fintech, a joint venture set up in 2017 by JD Digits and Thai retail giant Central Group, which is expected to promote a cashless society by leveraging the former's fintech expertise and the latter's retail presence.
Fintech and business services, a new revenue category established this year by Tencent that includes payments and cloud services, generated 22.9 billion yuan, up 37 percent.
Chinese tech giant JD, fintech firms CreditEase and Rong360, popular online audio-sharing platform Ximalaya are among the companies Zhou and his team invested in.
For the new investments, the company said it would continue to focus on non-bank fintech and payments platforms such as Ant Financial in China that operates the flagship Alipay payments platform.
Boosted by commercial payments, other fintech services and cloud services, the tech giant's fintech and enterprise services revenue grew 44 percent year-on-year to 21.8 billion yuan.
The Hong Kong Monetary Authority (HKMA) on Thursday said it has granted virtual banking licenses to four new entities: Ant SME Services (Hong Kong), Ping An OneConnect, Infinium, and Insight Fintech HK.
Insight Fintech is a joint business between Chinese mainland smartphone maker Xiaomi and Hong Kong-based asset management company AMTD.
Gao Wenhua, from the fintech industry in Lanzhou, capital city of Gansu province, shared his entrepreneurial concept that "being poor helps one to stay independent, and being rich helps the whole world", which is consistent with "No Poverty" as the first goal of the 17 SDGs.
The executive further said that this transformation will deepen the company's fintech deployment and explore ecology in the financial sector.
It's built an institutional platform to explore the path of modern insurance in its first decade; it's focused on the development of insurance management and explored a comprehensive financial model in its second; and it strengthened its comprehensive financial practice and explored fintech in its third.
In fintech, according to Ping An, its Smart Fast Claim focuses on car insurance claim settlements, and uses image recognition and deep learning technologies to automatically identify damage, with an accuracy of more than 90 percent, enhancing damage assessment speeds 4,000 times over.
The company expanded its Beijing office to a new building and opened its China Innovation Center in the capital city on March 22, in an effort to encourage clients and partners - including banks, merchants and fintech companies - to develop solutions for customer pain points.
Twenty-two companies worldwide were included as super unicorn companies in 2018 and China's Fintech company Ant Financial ranked first in value worth $150 billion, the report said.
Beijing-based startup UP Fintech Holding Ltd, whose shares had a solid debut on the Nasdaq Stock Market on Wednesday, is an internet-based brokerage that has developed an online securities trading system for Chinese investors.
"Shares of UP Fintech, known in Asia as Tiger Brokers, trade under the symbol TIGR.
"UP Fintech Holding's continuous focus on offering innovative products and services and a superior user experience has enabled them to become one of the most utilized and well-recognized online trading platforms for Chinese investors around the world," said Bob McCooey, chairman, Nasdaq Asia Pacific.
"Strategic investors in UP Fintech include Beijing-based smartphone giant Xiaomi Corp and US online brokerage Interactive Brokers.
UP Fintech was the third IPO by a Chinese company in the US in 2019, as the market is warming up after a slow start.
Wu said UP Fintech aims to become similar to E-Tradexa0Financial, a US brokerage firm that rose to prominence in the internet startup boom of the late 1990s.
McCooey said that so far this year there have been three IPOs from the Chinese mainland and two from Hong Kong, including Futu Holdings Ltd (FHL), a competitor of UP Fintech that went public at the beginning of the month.
NEW YORK - UP Fintech Holding Limited, a leading online brokerage firm focusing on global Chinese investors, rang the Nasdaq Stock Market opening bell on Wednesday in celebration of its initial public offering (IPO).
UP Fintech Holding started trading at $8.10 per share on Wednesday, climbing 24.6 percent from its pricing, and was traded at $9.97 apiece around midday.
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