CIFIT to stress Internet financing
The 2015 Internet Finance Summit will be held on Sept 10 in Xiamen, Fujian province, as part of the 2015 China International Fair for Investment & Trade.
Held for the second time, the summit expects to attract 500 participants, including leaders from Xiamen's many promising Internet financing companies.
The Strait Herald, Fujian Daily, Channel Economics journal and Shanshui Tiancheng Culture Co co-sponsored the summit.
Recently, Internet financing has been gaining ground in China. Wangdaizhijia.com, the most comprehensive p2p lending portal in China, reported 3,031 peer-to-peer lending platforms by the end of July 2015.
On July 18, People's Bank of China issued a guideline on Internet financing development, together with nine other central government agencies.
Why Xiamen
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Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.