China seeks to boost fintech innovation amid equity market and international challenges.

China's fintech sector aims to boost innovation and self-reliance, but faces challenges like an underdeveloped equity market and limited bank-venture capital integration. As external tech progress slows and global caution towards China rises, the government must stimulate domestic innovation. Effective government policies and financial support are crucial for tech firms' growth, but China's state-led funds often focus on short-term gains, potentially harming the business environment.

December 02, 2024
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