중국의 핀테크 시장 : 시장 점유율 분석, 산업 동향, 통계, 성장 예측(2025-2030년)

The China fintech market is valued at USD 51.28 billion in 2025 and is on track to climb to USD 107.55 billion by 2030, advancing at a 15.97% CAGR.

Momentum comes from three converging forces: (1) nationwide rollout of the digital yuan, which is triggering a new payment rail beyond traditional mobile wallets; (2) a pivot by incumbent banks toward cloud-native architecture that unlocks bank-as-a-service revenue; and (3) fast-maturing regulation that replaced volume-chasing tactics with sustainable, API-driven growth. Competitive pressure is shifting from customer acquisition to data-layer integration such as credit scoring, robo-advice, and underwriting all move onto AI engines. New distribution corridors in tier-2/3 cities are lifting transaction volumes without the physical branch networks that previously capped reach. Meanwhile, international payment interoperability through UnionPay and Mastercard is widening the addressable cross-border pool for the Chinese fintech market.

China Fintech Market Trends and Insights

PBOC e-CNY roll-out accelerating digital payments adoption

Transaction value on the digital yuan chain experienced significant growth by May 2024, showcasing a substantial increase compared to the previous year. The wallet's tiered design permits card-based usage on basic handsets, removing the smartphone requirement that limited earlier wallets. As a result, 15.3% of rural internet users reported e-CNY usage by April 2024, unlocking a fresh cohort of consumers. Commercial banks distribute the currency under a PBOC dual-layer model, effectively converting legacy branches into fintech nodes and reinforcing digitalization throughout the China fintech market.

NetsUnion clearing mandate boosting third-party payment volumes

Centralized clearing lowered merchant integration costs, aiding smaller providers and boosting consumer confidence. PBOC data shows a 46% jump in users aged 60+ adopting mobile payments in 2024. Uniform fraud-monitoring rules now let platforms turn resources toward value-added services rather than basic settlement, lifting overall wallet throughput across the China fintech market.

Data Security Law tightening cross-border data transfers

New Network Data Security Management Regulations, effective January 2025, require domestic security reviews before external data transfers. Although March 2024 adjustments raised exemptions to 100,000 records per year, SaaS fintech's must still segment datasets and stage audits. Compliance overhead diverts engineering talent away from front-end innovation, trimming the near-term growth slope for the China fintech market.

Other drivers and restraints analyzed in the detailed report include:

1. SME financing gap driving P2P & supply-chain fintech platforms
2. Wealth Management Connect schemes fueling robo-advisor uptake
3. Rising NPL ratio in micro-lending elevating capital-adequacy burdens

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Digital Payments held a 59.1% share of the market in 2024, giving the category the largest stake in the China fintech market size. Alipay and WeChat Pay collectively process a major share of mobile wallet flows, a concentration that cements their scale economics. Cross-border expansion through Alipay+ across 70 markets further extends reach. Nevertheless, penetration in tier-1 cities is flattening, and incremental growth is tilting toward value-added micro-insurance and investment modules housed within the same wallets.

Neobanking is projected to record a 19.63% forecast CAGR through 2030, the fastest in the sector. WeBank now serves 300 million account holders while maintaining an operating cost-to-asset ratio well below joint-stock banks. Cloud-native cores mean the marginal cost of new products approaches zero, accelerating the neobank flywheel. The shift also raises the competitive bar for regional banks that still run legacy mainframes, nudging them toward BaaS partnerships as a defensive posture within the China fintech market.

The China Fintech Market is Segmented by Service Proposition (Digital Payments, Digital Lending and Financing, Digital Investments, Insurtech, and Neobanking), by End-User (Retail and Businesses), and by User Interface (Mobile Applications, Web / Browser, and POS / IoT Devices). The Market Forecasts are Provided in Terms of Value (USD).

List of Companies Covered in this Report:

1. Ant Group (Alipay)
2. Tencent Holdings (Tenpay)
3. WeBank Co. Ltd.
4. Lufax Holding Ltd.
5. JD Technology (JD Digits)
6. Ping An OneConnect Bank
7. ZhongAn Online P&C Insurance
8. Futu Holdings Ltd.
9. Tiger Brokers (UP Fintech)
10. 360 DigiTech Inc.
11. LexinFintech Holdings Ltd.
12. Qudian Inc.
13. Xiaomi Finance
14. Lakala Payment Corp.
15. UnionPay Merchant Services
16. Airwallex
17. XTransfer Ltd.
18. Du Xiaoman Financial
19. Suning Finance
20. Wanda Fintech Group

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 PBOC e-CNY Roll-out Accelerating Digital Payments Adoption Across Tier-2/3 Cities
  • 4.2.2 NetsUnion Clearing Mandate Boosting Third-Party Payment Volumes
  • 4.2.3 SME Financing Gap Driving P2P & Supply-Chain Fintech Lending Platforms
  • 4.2.4 Wealth Management Connect Schemes Fueling Robo-advisor Uptake
  • 4.2.5 Commercial Health Insurance Tax Incentives Propelling InsurTech Growth
  • 4.2.6 Cloud-native Core Upgrades by Joint-stock Banks Expanding BaaS/API Consumption
• 4.3 Market Restraints
  • 4.3.1 Data Security Law Tightening Cross-border Data Transfers for SaaS Fintechs
  • 4.3.2 Rising NPL Ratio in Micro-lending Elevating Capital-adequacy Burdens
  • 4.3.3 Saturation of Mobile Payments Limiting Incremental Volume Growth
• 4.4 Value / Supply-Chain Analysis
• 4.5 Regulatory or Technological Outlook
• 4.6 Porter's Five Forces
  • 4.6.1 Threat of New Entrants
  • 4.6.2 Bargaining Power of Suppliers
  • 4.6.3 Bargaining Power of Buyers
  • 4.6.4 Threat of Substitutes
  • 4.6.5 Competitive Rivalry
• 4.7 Investment & Funding Trend Analysis

5 Market Size & Growth Forecasts (Value)

• 5.1 By Service Proposition
  • 5.1.1 Digital Payments
  • 5.1.2 Digital Lending and Financing
  • 5.1.3 Digital Investments
  • 5.1.4 Insurtech
  • 5.1.5 Neobanking
• 5.2 By End-User
  • 5.2.1 Retail
  • 5.2.2 Businesses
• 5.3 By User Interface
  • 5.3.1 Mobile Applications
  • 5.3.2 Web / Browser
  • 5.3.3 POS / IoT Devices

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for Key Companies, Products & Services, and Recent Developments)
  • 6.4.1 Ant Group (Alipay)
  • 6.4.2 Tencent Holdings (Tenpay)
  • 6.4.3 WeBank Co. Ltd.
  • 6.4.4 Lufax Holding Ltd.
  • 6.4.5 JD Technology (JD Digits)
  • 6.4.6 Ping An OneConnect Bank
  • 6.4.7 ZhongAn Online P&C Insurance
  • 6.4.8 Futu Holdings Ltd.
  • 6.4.9 Tiger Brokers (UP Fintech)
  • 6.4.10 360 DigiTech Inc.
  • 6.4.11 LexinFintech Holdings Ltd.
  • 6.4.12 Qudian Inc.
  • 6.4.13 Xiaomi Finance
  • 6.4.14 Lakala Payment Corp.
  • 6.4.15 UnionPay Merchant Services
  • 6.4.16 Airwallex
  • 6.4.17 XTransfer Ltd.
  • 6.4.18 Du Xiaoman Financial
  • 6.4.19 Suning Finance
  • 6.4.20 Wanda Fintech Group

7 Market Opportunities & Future Outlook

• 7.1 White-Space & Unmet-Need Assessment