Highlights

• China’s capital market is developing at a fast pace, while the gap between China’s and the US’s index hit a record high in 2019
• Asset management is still at a starting age in China with huge demand; consumer lending is mosr welcomed of the lending area
• China's and the United States differ a lot in the financial market in investor type, financing ways and others
• Through three ways of financing: bank loans, stocks and bonds, China’s enterprises rely mostly on bank loans while the US’s firms rely heavily on stocks and bonds
• The credit system is a necessary infrastructure layer for the whole fintech industry as well as for society