Trader’s remarks: In the last couple of years, there has been an exponential rise in the number of Fintech startups focussing on disrupting the finance industry. Interestingly, most of the disruptions in the Finance industry is actually taking place in China. The three biggest internet companies Baidu, Alibaba, and Tencent, all have digital finance businesses that are very successful. Also, peer-to-peer lending is massive in China and its growth dwarfs other countries like the US and UK. The main reason for this has been the mediocre state of consumer banking in the country making the sector ripe for disruption. Also, Chinese regulators have taken proactive steps to promote and support financial innovation which has helped.