Our CEO and Co-Founder Jude Cook will be attending the Guiyang Summit as part of a UK delegation coordinated by the Foreign and Commonwealth office to foster stronger links between crowdfunding in the UK and China.
The British Government through the Foreign and Commonwealth Office (FCO) have commissioned a project to identify how China and the UK can cooperate through equity based crowdfunding.
The project is exploring the opportunities for UK businesses in that sector in China and vice a versa. The objective is to better understand the appetite for working in China, the perceived barriers to working in China and to inform how the UK and Chinese government might support future collaboration.
Guiyang Summit of “Big Data Finance, Credit System Establishment & Risk Control” is being held in Guiyang, capital of Southwest China’s Guizhou province, on November 2nd – 4th.
Cook, will attend a closed-door roundtable on the 3rd to discuss cross-boarder crowdfunding issues that is being co-hosted by the FCO and Guizhou government.
This opportunity exists in the context of a rapidly expanding crowdfunding sector in China, with China having the fastest growing crowdfunding industry in the world. According to The Asia Pacific Alternative Finance Benchmarking Report published by the Cambridge Centre for Alternative Finance in 2015 the Chinese online alternative finance market has grown to $101.7 billion having an average growth rate of 328% between 2013 and 2015.
Cook said, “I’m thrilled to have been asked to attend this event. It’s such a fantastic opportunity to forge strong links and move closer to our goal of on-line cross border investment between China and the UK.”
We have been working in partnership with Conor Roche, Associate Director of BOP Consulting for some time to facilitate a cross-border crowdfunding solution for the combined Chinese and UK markets. This builds on BOP’s ongoing work investigating the crowdfunding sector in China.
The three day summit is expected to host 1500 attendees and is organized by China Finance Association, China Banking Association and the Guiyang Municipal Government.
You can read the full article in The Scotsman.