UK and China strengthen global FinTech relationship

BGTA, a Chinese corporate-backed accelerator, and the Chengdu Financial Holding Group (CFHG) signed two agreements to strengthen cooperation.

The deals are aimed at driving development in the region as well as positioning 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.”