Home to China's financial giants including Alibaba, Ant Financial and NetEase, Hangzhou is at the heart of China's finance technology industry and among the widely covered in terms of the fintech consumer experience, with about 91.5 percent of the city's population using fintech products and services, according to the Global Fintech Hub Index 2018.

In 2017, the added value of Hangzhou's financial industry reached 105.4 billion yuan ($15.20 billion), accounting for 8.4 percent of the city's GDP.

Founded in 2011, Money 20/20 is the world's largest payments and financial service event with participants of cutting-edge companies including Google, IBM and VISA.

Participants of the summit hold conversations with each other at the Global Fintech Innovation Summit in Hangzhou International Expo Center, Zhejiang province, on Nov 14. [Photo/zjol.com.cn]