Finance markets

2022 Report on Integrated Financial Markets and Investment Opportunities in China: Market Expected to Grow 37.1% to $71,271.2 Million in 2022 – Forecast to 2029 –

DUBLIN–(BUSINESS WIRE)–The report “China Embedded Finance Business and Investment Opportunities Databook – 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2022 Update” has been added to from offer.

China’s integrated finance industry is expected to grow 37.1% year on year to reach US$71,271.2 million in 2022.

The integrated finance industry is expected to grow steadily over the forecast period, registering a CAGR of 22.3% over the period 2022-2029. The integrated financial revenue in the country will grow from US$71,271.2 million in 2022 to reach US$213,171.0 million by 2029.

China is one of the leading countries in the global integrated finance market. The fintech revolution continues to gain momentum in the country. The country dominates the integrated insurance market in the Asia-Pacific region. The publisher expects the country to continue its dominance during the forecast period. The presence of the largest e-commerce industry in China is one of the major factors attributed to the growth of the integrated insurance market in China.

Additionally, an increasing number of insurtech startups that are innovating and offering their services for different verticals are also driving the growth of the market. As more customers opt for integrated insurance services, these insurtech startups are looking to expand into other verticals to further strengthen their position in the Chinese market.

Big tech companies are aggressively expanding their reach in China’s insurance segment. For example, Ant Group, one of the country’s leading online insurers, is disrupting the insurance industry for the financially excluded majority in China. Notably, the tech giant has around 13% market share in the insurance industry.

Market players are also entering into strategic partnerships to promote innovations and introduce technologically advanced offerings.

In July 2021, AXA Insurance Group and Chinese health insurance platform QingSong entered into a strategic partnership to explore and innovate in the Chinese insurance industry. The publisher expects market players to enter into more such strategic partnerships to expand their footprint in China’s integrated insurance market in the coming quarters.

The gap between the financial system and traditional banking systems in China has opened an opportunity for technology companies such as Alibaba and Tencent to offer financial services. Moreover, support for fintech companies from the Chinese government has led to further growth of the integrated lending market in the country. Therefore, the right combination of market conditions and regulatory environment propelled Chinese fintech to success. However, government intervention in the embedded loan market is expected to hamper the growth of the market.

In October 2020, China unveiled its Personal Information Protection Bill, an important step to regulate the collection and use of personal data. The law was passed to reduce concerns about the disorganization of the country’s financial system. For example, in September 2021, Ant Group announced its business reorganization to comply with instructions from China’s central bank in April to separate its Alipay payment service from other services that offer consumer loans.

Tech giants in China strive to use available customer data and always obey the law to offer specific lending options. New innovations and technological advancements by market players are further expected to propel the growth of the market in the coming years.

Moreover, while being a cash-dominated economy over the past decade, China’s payments market has evolved significantly and is dominated by digital payment methods. The two companies, Alibaba and Tencent, have profoundly reshaped the Chinese payments landscape. New entrants are watching the growing opportunities in the payments industry and making their way into China’s integrated payments market.

In January 2022, Singapore-based cross-border payment company Thunes announced its new strategy to significantly expand its presence in various markets including Greater China, covering mainland China, Hong Kong, Taiwan and Macau. Thunes is focused on building relationships with local digital payment companies to help businesses and consumers make faster and cheaper payments to and from China.

This report provides detailed, data-driven analysis of market opportunities in more than 50 integrated finance industry segments spanning lending, insurance, payments and wealth.


China Integrated Finance Market Size and Forecast

China Embedded Lending Market Size and Forecast

Embedded Loans by Consumer Segments, 2020 – 2029

  • Business loans

  • Retail loan

Integrated loans by B2B sectors, 2020 – 2029

  • Retail and consumer goods integrated lending

  • Loans embedded in IT and software services

  • Integrated loans in media, entertainment and leisure

  • Loans integrated into manufacturing and distribution

  • Loans integrated into real estate

  • Loans included in Other

Integrated loans by B2C sectors, 2020 – 2029

  • Retail Integrated Lending

  • Integrated Home Improvement Loans

  • Loans integrated into leisure and entertainment

  • Loans integrated into health care and well-being

  • Loans included in Other

China Integrated Insurance Market Size and Forecast

Integrated insurance by industry, 2020 – 2029

  • Insurance embedded in consumer products

  • Integrated travel and hospitality insurance

  • Integrated car insurance

  • Insurance integrated into health care

  • Integrated insurance in real estate

  • Integrated transport and logistics insurance

  • Insurance integrated into other

Integrated insurance by type of insurance, 2020 – 2029

  • Insurance integrated into the life segment

  • Insurance integrated into the non-life segment

Integrated insurance by type of offer, 2020 – 2029

  • Insurance integrated into the product segment

  • Integrated insurance in the services segment

China In-App Payments Market Size and Forecast

Integrated payment by consumer segments, 2020 – 2029

Integrated payment by end-use sector, 2020 – 2029

  • Integrated payment in retail and consumer goods

  • Integrated payment in digital products and services

  • Payment integrated into utility bill payment

  • Integrated Payment in Travel and Hospitality

  • Integrated payment in leisure and entertainment

  • Integrated payment in health and well-being

  • Integrated payment in office supplies and equipment

  • Embedded payment in Other

China Integrated Wealth Management Market Size and Forecast

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