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China's large number of fintech companies has helped the country to take the lead worldwide in developing the industry, according to the Global Fintech Hub Report released on Wednesday during the Money 20/20 China conference.
China's foreign trade value in the sector totaled nearly .12 billion last year, up 11.55 percent year-on-year.
China's goods trade totaled .62 trillion last year, up 12.6 percent year-on-year, faster than that of major trading nations like the United States, Germany and Japan as well as the average rate of major economies.
China's consumer price index, the primary barometer of inflation, hit a 15-month high of 2.7 percent year-on-year in May, but Zhang expects inflation levels to fall in the third quarter as economic expansion weakens.
China's insurance regulator on Wednesday significantly revamped the rules that regulate the shareholding of the country's insurers, aiming to increase their ownership transparency and resolve acute problems such as fake capital injection and illegal shareholding entrustment.
来源：资阳报