Guangzhou to host fintech projects in government sandbox in race with Beijing, Shanghai

Guangzhou, located in southern China, says it is creating a regulated sandbox to host new fintech projects. Photo: AFP

Guangzhou, located in southern China, says it is creating a regulated sandbox to host new fintech projects. Photo: AFP

  • Guangzhou joins major cities in China, including Beijing and Shanghai, in pushing the regulated development of fintech
  • Early fintech projects in China, such as peer-to-peer lending and crypto exchanges, were rooted out by authorities

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Fintech

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Jiaxing Li

Updated: 6:30am, 23 Mar, 2022

Guangzhou, located in southern China, says it is creating a regulated sandbox to host new fintech projects. Photo: AFP

Guangzhou, located in southern China, says it is creating a regulated sandbox to host new fintech projects. Photo: AFP

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