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Investment of China's traditional financial institutions in technology 2018-2022

In 2018, China‘s traditional financial institutions invested around 160.4 billion yuan in science and technology. In order to improve clients' experience and working efficiency, financial institutions in China are increasing their investment in science and technology, including the implementation of artificial intelligence.

Investment value of China's traditional financial institutions in science and technology from 2018 to 2022

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Source

Release date

July 2019

Region

China

Survey time period

2018

Supplementary notes

*Forecast.
Traditional financial institutions do not include fintech companies.

Note: 1 yuan equals approximately 0.13 euros and 0.14 U.S. dollars (as of September 2019).

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