31 Chinese Dragons Are Leading The Tide of a Rising FinTech Wave in Asia According to the Economist, mainland China’s middle class is expected to account for more than a third of its population by 2030. By then, 35% of the population wil have annual disposable income in excess of US US$10,000, up from about 10 per cent today. And, while in the West, the major FinTech hubs (London, New York and Silicon Valley) have been innovating through incremental CH changes, China’s technology giants have been revolutionising many TE aspects of the financial services industry. N I F F O Countrywide adoption of FinTech by a growing tech savvy TE population, combined with considerable investments in TA S breakthrough innovation, leads us to believe that China will E continue to lead in FinTech innovation. TH Global FinTech Trends: Chinese Dragon 31