Source: ARK Disrupt Issue 119: April 9, 2018. By @bhavanaARK

Over the past few years, China has enjoyed rapid growth in mobile payments, asset management, and online lending, as shown below. Now, fintech giants like Ant Financial are encroaching upon traditional banks with innovative business models and go-to market strategies. Consequently, Ant’s consumer lending hit a new high of $95 billion in the first quarter and its share of money market funds jumped to 28% through its Yu’e Bao platform.

ARK Disrupt Issue 119 China Consumer Lending

Source: Financial Times

This week, the PBOC issued new regulations to lower risks to the Chinese economy, including capital outflows and other illegal drainage. The regulations include:

Following these changes in regulations, fintech companies have been moving cautiously by limiting subscriptions and capping the investable amount. While potentially slowing growth in the short term, these regulations should weed out nefarious and unreliable players in the financial services industry, adding confidence and stability to the industry.

View original article and other research here.


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Fred Pye

Frederick T. Pye

CHAIRMAN, CHIEF EXECUTIVE OFFICER & DIRECTOR

Frederick T. Pye is the Chairman, Chief Executive Officer and Director of 3iQ Corp. He is also the Chairman and Director of 3iQ Digital Holdings Inc. Mr. Pye is recognized for creating and promoting creative and unique investment products for the investment industry.

Mr. Pye has managed private client portfolios with Landry Investment Management and various other investment dealers. Prior to this Mr. Pye was Founder, President & Chief Executive Officer of Argentum Management and Research Corporation, a company dedicated to managing and distributing quantitative investment portfolios including the first long-short mutual fund in Canada.

He was also Senior Vice-President and National Sales Manager of Fidelity Investments Canada and an integral part of the team that saw assets rise from $80 million to over $7.5 billion in assets under management during his tenure. He also held various positions with Guardian Trust Company, which listed the first Gold, Silver and Platinum Certificates on the Montreal Exchange.

Mr. Pye obtained a Masters in Business Administration from Concordia University.