International Finance

Chengdu being primed as China’s next leading fintech hub

BGTA, Chengdu, Cass Business School, fintech,
Agreements have been signed to facilitate industry support to develop Chengdu as the next fintech hub in China, along with BGTA and Cass Business School

BGTA, a Chinese corporate-backed accelerator, and the Chengdu Financial Holding Group (CFHG) signed two agreements to drive development in the region as well as position Chengdu, the capital of Sichuan province, as the main hub for fintech in China.

The first deal secures the organisation of the 2018 Chengdu Global Fintech Summit in November. Industry leaders, investors and experts from the global fintech community are expected to attend. The event is supported by Innovate Finance, an independent not-for-profit membership association representing the UK’s global fintech community. Registration to attend the summit will open soon and interested parties can contact BGTA directly about attending the event.

The second agreement establishes the creation of the Chengdu Fintech Research & Development and Training Centre in partnership with Sir John Cass Business School, which will open its doors at the beginning of July. The Centre will position itself as the preeminent provider of fintech training in Sichuan province with a view to developing key skills among financial services professionals in China.

The signing ceremony was witnessed by The Right Honourable The Lord Mayor of the City of London, Charles Bowman, and the Mayor of Chengdu, Luo Qiang. They endorsed the plans put forward in the partnership and celebrated the cooperation between both parties.

Helen Wang, CEO of BGTA, commented: “Both agreements signed today align perfectly with BGTA’s mission to foster the development of the global tech and investment ecosystem while strengthening cooperation between the UK and China. The Chengdu Global Fintech Summit will be instrumental in driving progress in the region and the establishment of the training centre will be crucial to supply the newly-created ecosystem with high-level professionals.”

Dimitrios Fountas, business development director at Sir John Cass Business School, added: “Cass, with its long tradition of delivering expert-led financial education, and network of key technology partners, have supported the growth of London’s fintech ecosystem in many ways. Through our partnership with the Chengdu Financial Holding Group and BGTA, we are keen to support Chengdu in realising its vision of becoming a global fintech hub and stand ready to respond to a steady demand for training courses going forward.”

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