Interesting how the article specifically highlights the
Risk versus reward
New players still need to consider several risks. Chief among them is China’s regulatory environment, which can be notoriously difficult, particularly for international businesses. Skelsey, however, believes these challenges are “not insurmountable”.
“We already have a number of Chinese-based Australian success stories such as AirWallex, CrowdFundUp and SmartTrans,” says Skelsey. “Australia has the experience and expertise to assist China to review its financial policies and regulations, modernise its banking infrastructure and connect consumers to value-added services.”
Cheers
Australian finTech at the gates, page-2
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